Re:What Happens When Bitcoin Miners Take Over Your Town
by zaroth on Friday March 09, 2018 @01:26PM
(#16553715)
Seriously, this. They mention their wholesale rates to neighboring cities is so profitable it subsidizes the local rates.
Anywhere I’ve ever paid for power there’s a supply charge and a separate generation charge. TFA makes it sound like there’s no supply charge, only a generation charge. Well, no wonder they can’t afford to build out their grid?!
Their hydro generation is 3,000 megawatts (woah!). Add a supply charge of $0.01/kWh (possibly phased in after the first 500kWh/mo) and... problem solved? On 1,000 MW that’s $0.01 * 24 * 365 * 1,000,000 = $87 million!
I think I pay $0.15 / kW locally so we’re not even price gouging here.
Having excess electrical capacity in 2018 is a license to print money, this town is sitting on a gold mine with zero carbon emissions or ecological damage and they are complaining about it?
Anywhere I’ve ever paid for power there’s a supply charge and a separate generation charge. TFA makes it sound like there’s no supply charge, only a generation charge. Well, no wonder they can’t afford to build out their grid?!
Their hydro generation is 3,000 megawatts (woah!). Add a supply charge of $0.01/kWh (possibly phased in after the first 500kWh/mo) and... problem solved? On 1,000 MW that’s $0.01 * 24 * 365 * 1,000,000 = $87 million!
I think I pay $0.15 / kW locally so we’re not even price gouging here.
Having excess electrical capacity in 2018 is a license to print money, this town is sitting on a gold mine with zero carbon emissions or ecological damage and they are complaining about it?