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Are you suggesting that the vast majority of mining operations are running on direct/dedicated links to local power generation facilities? I can understand the

Are you suggesting that the vast majority of mining operations are running on direct/dedicated links to local power generation facilities? I can understand the argument that some significant fraction are, but there's still a huge amount of mining that would by necessity have to happen on the grid. If consumers or small-time business owners get involved in crypto they have no choice but to use the grid. The costs involved in building out dedicated lines like that are not trivial, so I'm kind of skeptical that it would be widespread enough to make on-grid mining a rounding error. Do you just mean that in terms of revenue, all the big-earning miners are hooked directly up to dams?

lmm 6y ago
> Are you suggesting that the vast majority of mining operations are running on direct/dedicated links to local power generation facilities? Not necessarily in the sense of having their own physical wire, but if the path from the power generation facility to where the mining is taking place doesn't take up any long-distance transmission capacity (which is why power in those towns is cheap) then it's de facto the same thing. > there's still a huge amount of mining that would by necessity have to happen on the grid. If consumers or small-time business owners get involved in crypto they have no choice but to use the grid. If they want to participate as full nodes, sure. Maybe they shouldn't. And even if they are, they're going to be an insignificant fraction of mining volume.