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It seems like an ideal way to use excess energy in grid-tied solar setups where the energy company is not incentivized to buy excess power. Or for non-grid tie
by drewg123 5y ago
It seems like an ideal way to use excess energy in grid-tied solar setups where the energy company is not incentivized to buy excess power. Or for non-grid tied solar when your batteries are full.
- RobLach 5y agoAs opposed to storing it?
- drewg123 5y agoIdeally you'd store it, but if your system is sized for the short days of winter, you may have excess energy in the summer that you cannot store once your batteries are full.
- Ardon 5y agoIt seems to me like you’d be doing a lot more good if you used that excess power for something like carbon capture. Bitcoin is surely pretty far down the list of useful applications of that excess power.
- tablespoon 5y ago> It seems like an ideal way to use excess energy in grid-tied solar setups where the energy company is not incentivized to buy excess power. Or for non-grid tied solar when your batteries are full. The ideal way to use excess energy is to do almost anything else besides pointless proof-of-work computations (e.g some scientific distributed computing thing).
- toxik 5y agoPoW isn’t useless, in fact, the energy cost of PoW is proportional to its demand.
- wussboy 5y agoTo its "demand" perhaps, but not it's value.
- quickthrower2 5y agoDemand for a decentralised Ponzi scheme.
- toxik 5y agoExplain to me how Bitcoin is a Ponzi scheme. There is no buy-in, there is no exit strategy, no dividends, no recruiting, there is nothing that makes it look like a pyramid scheme of any kind. Maybe you mean that the early holders of Bitcoin have gained more wealth than later adopters or something? I'm not sure what you mean, actually. But that is just how a market works.