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And this is where I shall set up my bitcoin operation...
by sgnelson 12y ago
And this is where I shall set up my bitcoin operation...
- manicdee 12y agoYou, the consumer, do not benefit from negative pricing of wholesale electricity. Especially not when it's a small spike on one particularly favourable day :)
- joezydeco 12y agoSome of us do. In Chicago you can opt-in to real time electricity pricing. The price is computed hourly based on the average of the 5-minute wholesale price. Sometimes when the peakers are running and/or a high usage factory goes offline overnight, the price can go negative. Here's an example: https://rrtp.comed.com/live-prices/?date=20141001 https://rrtp.comed.com/live-prices/?date=20141001 (In actuality the price has to go really negative before consumers actually pay negative prices due to the utility's delivery charges and etc, but you get the idea).
- Omniusaspirer 12y agoAm I missing something or is that unbelievably cheap electricity? What is the actual billable cost per kWh?
- joezydeco 12y agoFor ComEd, delivery and taxes etc come to about 8.5c/kWh over the electricity price. Non real-time customers pay about 13c/kWh out the door. But yeah, our electricity is a little cheaper here compared to the coasts. Lots of nuclear power and many connections to other grids. http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm...
- bpodgursky 12y agoAct fast, the price of Bitcoin is also quickly trending towards the negatives : )
- ChrisClark 12y agoBitcoin can't handle any more good news or it will plummet to zero!
- hrjet 12y agoBitcoin popped in my mind too. Though I was thinking that the power generation companies could setup the mining farms, so that they can make money from that excess energy rather than paying others to consume it.