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> the cheapest power is where supply completely dwarfs demand. Bitcoin miners should ultimately migrate to those areas of stranded power There are lots of othe
by rr808 4y ago
> the cheapest power is where supply completely dwarfs demand. Bitcoin miners should ultimately migrate to those areas of stranded power
There are lots of other uses for surplus power eg Aluminium smelters, desalination plants, decarbonization machines, cracking H20.
- datadata 4y agoSure, but there are areas where it is not economical to actually make use of that power. For example, you could place a bitcoin mining solar powered installation in the middle of a desert where there would be no need for desalinized water and where there is no rail or road access needed for something like aluminum smelting. I think the evidence of bitcoin mining being powered by methane flare gas is irrefutable evidence of that: The methane flare gas just been being burned off for decades, it wasn't until bitcoin mining that there was a marketable use for this energy.