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Re:Bitcoin mining becomes unprofitable as BTC price falls to... by AngryData on Sunday June 19, 2022 @02:18AM (#31796644)
I would assume it has to do with how long it takes certain power plants to spool down and then back up again. It might not make sense to spend hours spooling down when you know not long after demand will jump right back up again as AC units, factories, processing facilities, ect turn ramp back up.
Re:Bitcoin mining becomes unprofitable as BTC price falls to... by RL_Quine on Sunday June 19, 2022 @02:20AM (#31796658)
That's one way of getting extremely cheap rates, it's called "interruptible power" in supply terms, you might be expected by the utility to drop your entire load within a set amount of time with absolutely no warning- something a normal customer would be extremely unable to do, but miners can do in milliseconds.