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Only if you want miners to have power and residents to be without it. Capitalism is not the cookie cutter solution to all problems.
by ctur 5y ago
Only if you want miners to have power and residents to be without it.
Capitalism is not the cookie cutter solution to all problems.
- fastball 5y agoRight but that's not the problem here? If there are power shortages then the power companies should increase supply.
- throw1234651234 5y agoThere is no capability to increase supply. See my other post - Eastern Europe is out of coal and nat gas. Belarus has excess energy from Nuclear, but is still triaging exports. People will go without power this winter if this isn't done.
- fastball 5y agoSo don't rely on coal and nat gas? What about solar? Wind?
- throw1234651234 5y agoEurope tried that, now they are trying to buy more gas from Russia. See Poland for an example. The point of that real-time example? Wind and solar are great, but they take time and the infrastructure is not yet there. Nuclear is arguably cleaner and cheaper for the output in the long term. Of course, infrastructure for nuclear isn't there in Kazakhstan yet either.
- oblio 5y agoYup, the magic pixie fairy will manage to build out electricity producing capacity that takes years to decades to build in days, weeks or months at best.
- sudosysgen 5y agoBoth solar and wind are simultaneously underperforming in Europe at the moment because of weather phenomena that reduce wind and increase cloud cover, plus of course winter. There is no solution outside of nuclear, coal, and nat gas. And Europe, save for France, doesn't have enough nuclear to go around.
- kazen44 5y agowhich might not be possible in Kazakhstan considering the state of its infrastructure compared to energy use by miners.
- deleted 5y ago[deleted]
- tw04 5y agoSo the power company should spend tens to hundreds of millions of dollars building out infrastructure for subsidized bitcoin mining? And that makes sense how?