Re:The problem with Bitcoin miners
by tekknik on Monday May 16, 2022 @11:28AM
(#31398869)
1. Rejected energy is not surplus energy, but instead energy lost through inefficiencies in its production or use. How does bitcoin use this energy?
2. No argument there, energy price is one of the main costs in a mining op.
3. This seems like a minor win. What happens to these plants when the miner moves to a new region? They’ll become unprofitable again and shutdown. Which means waste again.
2. No argument there, energy price is one of the main costs in a mining op.
3. This seems like a minor win. What happens to these plants when the miner moves to a new region? They’ll become unprofitable again and shutdown. Which means waste again.