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Why is this a more direct reward than generating energy to sell? In mining, revenue = efficiency * potential energy * BTC per unit produced energy In selling
by JamilD 5y ago
Why is this a more direct reward than generating energy to sell?
In mining, revenue = efficiency * potential energy * BTC per unit produced energy
In selling energy, revenue = efficiency * potential energy * USD per unit produced energy
I don’t see the difference, other than the fact the former just adds to the pool of required energy (it’s strictly additive to the energy produced by the second)
- ajkdhcb2 5y agoTransporting power is extremely expensive and infeasible over large distances. So power needs to be generated near industry or homes. However, cryptocurrency can be mined anywhere and then sold.
- enchiridion 5y agoWell if imagine with selling energy, the profit equation has more terms, which are difficult to model correctly. With crypto the only really question is how will the price of the currency affect the break even point for hardware cost (assuming all mined tokens are sold immediately).