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You don't think bitcoin should be valuable. Your point is fine, but it really doesn't address the article at all! Assuming bitcoin stays valuable, does it make
by hackernudes 6y ago
You don't think bitcoin should be valuable. Your point is fine, but it really doesn't address the article at all!
Assuming bitcoin stays valuable, does it make sense to use bitcoin mining to augment some power projects? Like using otherwise wasted energy to mine or to mine in places where it might not be easy to transmit the electricity?
- deleted 6y ago[deleted]
- verdverm 6y agoActual batteries would be a better choice than consuming the energy at the time it is created. Investing in better transmission infrastructure would increase this benefit.
- mr_woozy 6y agoThis doesn't hold for places like Iceland (where I live) as there will never be transmission of power to either continent due to distance impedance losses.
- jcrben 6y agoThese are perfect places to do heavy industry, and in fact that's what happens now https://www.nytimes.com/2017/07/01/us/politics/american-companies-still-make-aluminum-in-iceland.html https://www.nytimes.com/2017/07/01/us/politics/american-comp... Hydrogen production is another possible use in addition to aluminum. Renewable energy like that provided by Iceland is a relatively rare and precious resource