Even if that’s their strategy you’re not guaranteed a return when mining. If you or your cluster don’t mine the block all of that energy was absolutely wasted. If we didn’t have a shitty ass isolated grid we could just sell the energy to another part of the country.
Comment on Texas grid paid firm to stop mining crypto during heatwave
Kalkaline@programming.dev 1 year agoIt makes sense if it’s the renewable energy companies using cryptocurrency mining to keep solar and wind energy from going to waste. It makes zero fucking sense when natural gas is still a major part of your energy supply. www.ercot.com/gridmktinfo/dashboards/fuelmix note the complete lack of a logical sorting on the page.
BrianTheeBiscuiteer@lemmy.world 1 year ago
Wahots@pawb.social 1 year ago
Even if all you have is wind and solar, you can still turn it into baseload power by pumping water up behind dams, storing it in battery grids, or turning it into green hydrogen via electrolysis. Hell, you could even use it to heat up salts until they turn into a molten salt, which can be used for about 12 hours, going off of solar towers with molten salt generators…
Kalkaline@programming.dev 1 year ago
Good point, OP is right then, makes no fucking sense.