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Isn't it possible to rate limit grid customers based on their use patterns? Couldn't sensible local policies prevent industrial miners from increasing power cos
by jerry1979 5y ago
Isn't it possible to rate limit grid customers based on their use patterns? Couldn't sensible local policies prevent industrial miners from increasing power costs for residential users?
I think most people want to prevent emissions, but the following line of argumentation is getting old:
Green energy? Not good enough.
Stranded energy? Not good enough.
Stranded green energy? Not good enough.
- presentation 5y agoWhat he seems to be saying is that by design proof of work incentivizes fully saturating available energy, and that the only world in which it won’t compete with other uses of energy is one in which we have more than enough capacity for all other uses, plus excess, and that until we’re there being in favor of devoting energy to proof of work is functionally equivalent to being against preventing emissions. I’m unaware of the debate, so as a lay man I admit I don’t know if the argument is old or not (and I think how old it is is irrelevant to whether or not it is right), but I find this line of argument compelling.