3 ms·
The generator can power local bitcoin mining farm: no need to store/transport, frees up electricity in other places by making miners there less profitable.
by keymone 5y ago
The generator can power local bitcoin mining farm: no need to store/transport, frees up electricity in other places by making miners there less profitable.
- bumby 5y agoDo you think there are local bitcoin mining in the middle of, say, the Permian Basin? One of the points missed in this conversation is that a lot of oil/gas drilling occurs in remote or inhospitable regions.
- keymone 5y agoI don’t think there is, but then if we’re talking about putting waste flare to use rather than release it into the atmosphere and pay hefty tax, I can totally see remote (even ocean) sites carry a standard container-worth of miners - potentially would pay for itself. Edit: dropped a word
- bumby 5y agoI'm curious why you think they haven't done so already? My guess is that the volatility of crypto creates too much risk for the infrastructure investment.
- keymone 5y agoIt’s too radical right now, while people mistakenly think that consumption of energy equals production of energy from dirty sources it probably won’t become the norm. But eventually it will.
- latchkey 5y agoThere are companies that have solutions: https://ezblockchain.net/ https://ezblockchain.net/