Re:Why Can't Computing at the Heart of Bitcoin Be More Useful?
by chatbot2 on Tuesday June 08, 2021 @02:44PM
(#27439187)
The solution for the excess supply issue is energy storage, not mining bitcoin. I've worked in clean energy for years, and no energy expert is advocating digital currency mining + increased energy production as a method for meeting demand peaks.
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Re:Why Can't Computing at the Heart of Bitcoin Be More Useful?
by zMiller on Tuesday June 08, 2021 @03:40PM
(#27439802)
- While storage is part of the infrastructure, it not the solution -> Not feasible for a large set of energy sources and often falls to the same pitfalls of bringing new power online (remoteness, capacity, etc..).
- Actually Bitcoin mining is being adopted by renewable providers as very good solution to offset intermittence and wasted excess.
- Further something like Natural gas flaring is something that cannot be stored but can largely routed through mining setups. Which is being adopted at scale.