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Re:SolarBatteryBitcoin by throwaway4good on Thursday April 22, 2021 @08:50AM (#26902150)
I haven’t looked at the details of the calculations but one of problems with mining is that mining hardware deprecates and therefor it needs to be used now - in two years more energy efficient hardware will render it useless.

So the idea of switching it on and off according to energy prices doesn’t really hold.

Re:SolarBatteryBitcoin by throwaway4good on Thursday April 22, 2021 @11:56AM (#26904226)
The mining hardware made by Bitmain uses the latest high-end fabrication nodes from TSMC. How much TSMC's manufacturing capacity is used by cryptocurrency is unclear; the number is hidden inside the high performance computing segment in TSMC's financial statements. But it is probably a sizeable part.
Re:SolarBatteryBitcoin by wmf on Thursday April 22, 2021 @12:27PM (#26904642)
Since this model is mining with "free" power, it seems like even less efficient hardware could still be used profitably which would extend the depreciation (and reduce e-waste concerns). They might even buy used miners that are considered too inefficient by other companies.