Re:Sandwell Bitcoin mine found stealing electricity
by gaff33 on Friday May 28, 2021 @10:41AM
(#27315880)
There's a healthy power market - so the providers can and should work out a way for their clients to exit their contract and for them to sell the electricity elsewhere.
Sure the client might be liable for some loss-of-earnings fees but this really should be better for everyone than this.
Re:Sandwell Bitcoin mine found stealing electricity
by thinkmassive on Friday May 28, 2021 @11:30AM
(#27316573)
Sure, but also take into account that a mining operation large enough to enter into electricity contracts probably has other obligations like facilities and staff. Overall it may not be worth the hassle to shutdown for what could be interpreted as typical exchange rate fluctuations.
Also not everyone has easy access to an exchange. Others may prefer to avoid the KYC paperwork, or simply be willing to pay a premium for freshly mined coins.