Natural market cycle4.3%
US heatwave effects56.5%
High electricity costs4.3%
US strikes on Iran34.8%
23 votes \ 1 day left
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147 sats \ 3 replies \ @Scoresby 21h
it's hot in texas
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22 sats \ 0 replies \ @BitcoinIsTheFuture 1h
I think if miners turn off they get paid from the grid to let people crank their AC
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0 sats \ 1 reply \ @unschooled 19h
True but aren't miners mostly using water cooling? I didnt realize how much ambient temp could affect this!
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115 sats \ 0 replies \ @sudonaka 18h
It’s not about the cooling of the machines- Miners have wholesale per hour pricing for electricity, and heat wave means higher A/C use, so miners get much higher prices and they power machines off to remain economical.
At the same time this process reinforces the energy grid, by selling extra electricity to Bitcoin miners- more power generation can come online, and during peak demand hours (hot days using A/C) the miners power off and the people enjoy a huge buffer for energy demand.
Bitcoin is pretty great for humanity.
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0 sats \ 0 replies \ @BlokchainB 21h
China!
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