Re:Ask HN: Is anyone else glad the crypto market is crashing?
by Mehringotio on Friday May 13, 2022 @03:00AM
(#31364263)
Of course it might not be economical viable.
Bitcoin is not the solution it's part of this problem because it's decoupled from that market.
It pushes into a market which is bound by different rules.
Instead of putting a Powerline there or building a smelter or something else, Bitcoin is easier and makes more money quicker. - I assume there is already a powerline to any wind/solar farm. The issue is the negative priced electricity. If you can't compete with a bitcoin miner that is always seeking the cheapest electricity regardless of location then maybe your project isn't economically viable. Its not like miners have a monopoly, just agree to pay more than they are willing to pay