Comment on The Amount of Electricity Generated From Solar Is Suddenly Unbelievable
Korhaka@sopuli.xyz 3 days agoIf energy has a negative cost wouldn’t this make it worth doing things that take a lot of energy at that point like mine bitcoin?
Not sure how much would fit that though, industry that can use a lot of power and is ok with irregular running times. Hydrogen production through water electrolysis is a popular idea but not sure if it’s at a point of being useful at scale.
keepthepace@slrpnk.net 2 days ago
Careful: negative price ≠ negative cost. Below zero prices are a market artifact usually.
The fact that this happens during peak HVAC use is a nice thing though.
And yes, we need intermittent industries, but the problem is, when you invest money in hardware, even to mine bitcoin (I would rather sell GPU time to train deep learning models personally) or to produce hydrogen, every hour not spent running your capital-intensive hardware is considered a cost that is not really compensated by energy price unless you run on donated hardware.