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265 sats \ 1 reply \ @freetx 10h \ on: Have we all been overpaying for Bitcoin transactions? bitcoin
My nephew works for the cities utility company. They have recently gotten interested in mining to act as demand sinks....particularly for wind.
If you ever drive by the large wind farms, at any given time you may notice that only 50% of the turbines are spinning. This is because there is only enough demand at that time for X amount of electricity, so they put the brakes on the unneeded ones.
If they have mining equipment, it makes more sense to just always run the turbines and power up/down the miners to sink excess electricity. Its literally free money if the wind is blowing and demand isn't taking the full amount....
I think there is some amount of that happening. To that user, they don't care really about economics of mining since the question is: Do you want $0 or >$0?
It sounds pretty cool! There are so many cases where we have power that isn't wanted at that moment. So batteries are coming along, but batteries might not be the solution for all cases. Bitcoin mining seems like a huge win-win here. Hope your nephew's company actually gets into mining.
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