Comment on US Government Launches New Attempt to Gather Data on Electricity Usage of Bitcoin Mining

<- View Parent
sugar_in_your_tea@sh.itjust.works ⁨4⁩ ⁨months⁩ ago

It should be the opposite. Crypto mining only makes sense if you’re getting a good deal on electricity, which means they’re probably running on off-peak hours. What that does is encourage electricity generation to increase the base level supply, which should decrease brownouts.

Brownouts are caused by unexpected peak electricity demand or some kind of equipment malfunction (e.g. inclement weather). It’s not caused by a consistent increase in base level demand, which is what crypto mining would do.

source
Sort:hotnewtop