Re:How Texas is becoming a Bitcoin mining hub
by Aterio on Sunday February 13, 2022 @04:28AM
(#30320489)
That's just not true.
We already have plenty of renewable energy which is cost effective.
We don't need Bitcoin to balance this out.
And Bitcoin doesn't just consume the excessive energy, it consumes all of it as long as it is cost effective to consume it.
Not running your Bitcoin farm 24/7 is not effective.
Bitcoin is not supporting energy production.
So you have two options really. Either partially sponsor your windturbin with bitcoins you'll mine with it or not build the turbin at all.
The current problem is not how to utilize every bit of excess energy. The current problem is where to get the money from to build capacity that will at time generate excess that is hard to transport away from the power station.