Re:Kazakhstan to restrict crypto miners amid power shortages
by poontang1 on Wednesday November 03, 2021 @03:55PM
(#29099499)
Batteries are actually terrible at storing large amount of energy for any significant period of time, otherwise this would be the solution everywhere
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Re:Kazakhstan to restrict crypto miners amid power shortages
by jmcgeeney on Wednesday November 03, 2021 @04:56PM
(#29100154)
You don't usually need to store energy for a significant period of time, just until the daily peak. Last I checked, the efficiency for charge + discharge was something like 70%, which, in any case, is much better than the 0% energy savings from using that energy to mine crypto.
Re:Kazakhstan to restrict crypto miners amid power shortages
by AlexandrB on Wednesday November 03, 2021 @04:33PM
(#29099911)
However bad batteries are at storing energy long-term, I guarantee that bitcoin mining rigs are worse. It's hard for a battery to do worse than losing 100% of "stored" energy immediately to heat.