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A comment on Bitcoin mining becomes unprofitable as BTC price falls to average cost of mining. Parent comment

Re:Bitcoin mining becomes unprofitable as BTC price falls to... by everyone on Sunday June 19, 2022 @05:45AM (#31797833)
"but bitcoin could be seen as a way of exporting abundant renewable electricity from isolated areas."

The electricity is simply wasted, not exported. It cannot be used to do work anymore.

[ Parent | on HN ]
Re:Bitcoin mining becomes unprofitable as BTC price falls to... by midasuni on Monday June 20, 2022 @05:16AM (#31808040)
No, and generating green hydrogen would be far more useful, but the only thing I can contort out of the argument would be it would encourage capital investment in more renewable generation which would then mean the price per kWh would reduce once the cancer of Bitcoin mining ends.
[ Parent | on HN ]