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No it isn't. Among other things he claims that the energy grid needs energy taken off from it at times (yielding pockets of negative energy prices), and Miners
by kkjjkgjjgg 5y ago
No it isn't. Among other things he claims that the energy grid needs energy taken off from it at times (yielding pockets of negative energy prices), and Miners could stand ready to do that. He writes more stuff, certainly more than "it's not that bad".
- viraptor 5y agoIf only we had something else to do with that energy... https://en.wikipedia.org/wiki/Flywheel_energy_storage https://en.wikipedia.org/wiki/Flywheel_energy_storage https://en.wikipedia.org/wiki/Pumped-storage_hydroelectricity https://en.wikipedia.org/wiki/Pumped-storage_hydroelectricit... https://en.wikipedia.org/wiki/Battery_storage_power_station https://en.wikipedia.org/wiki/Battery_storage_power_station and others https://en.wikipedia.org/wiki/Grid_energy_storage https://en.wikipedia.org/wiki/Grid_energy_storage Or just distributing that energy long-distance to other places where it's needed. Taking that energy off the grid is literally an incentive to not add any of those solutions which we will need in the future unless we finally agree to go nuclear.
- vmception 5y agothe reason these things are not accomplished is because it costs more to do them than the energy is worth, which is the only reason it hasn't been done if bitcoin mining makes you suddenly notice that you want these logistical nuances subsidized, after a hundred years of never noticing, then fine, compete with the miners at energy producing sites and legislatively that way
- viraptor 5y ago> after a hundred years of never noticing, then fine What are you even talking about? The issue of peak vs base load/generation is known for ages and getting only more relevant for planning these days since most renewables are not constant output.
- vmception 5y agoI'm talking about captured energy that was wasted directly into the atmosphere because it was uneconomical to send it somewhere else. You're talking about peak and base load.
- viraptor 5y agoThat is extremely related. We have the extra captured energy because we have base load handling plants that can't scale down quickly enough. This is not a new effect or something people suddenly started caring about.
- marcellus23 5y ago> Miners could stand ready to do that “Could,” or “are”? How many miners are doing this? How many would even want to?
- kkjjkgjjgg 5y agoSo far one issue has been getting one's hands on mining hardware in a reliable way, I think. Yesterday I heard Intel wants to offer mining hardware, so that could perhaps make it easier to install a miner in your wind farm or whatever.