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A comment on Crypto mining company loses bid to force B.C. Hydro to provide power. Parent comment

Re:Crypto mining company loses bid to force B.C. Hydro to pr... by JumpCrisscross on Tuesday February 06, 2024 @12:50AM (#39271224)
> Under these conditions I dontnhave much issue with people mining bitcoin

At a penalty rate, sure. The problem is those negative rates invite productive power users. If you immediately balance them with useless crap, you never get the productive stuff.

There is an analogy to Dutch disease, except with power prices: crypto and its ilk are the disease.

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Re:Crypto mining company loses bid to force B.C. Hydro to pr... by wesapien on Tuesday February 06, 2024 @03:27AM (#39272175)
Can you provide examples of productive stuff
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Re:Crypto mining company loses bid to force B.C. Hydro to pr... by laurencerowe on Tuesday February 06, 2024 @03:55AM (#39272334)
Aluminium smelting.
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Re:Crypto mining company loses bid to force B.C. Hydro to pr... by yetihehe on Tuesday February 06, 2024 @07:33AM (#39273522)
- Water desalination

- CO2 scrubbing

- Making synthetic fuel out of CO2, or any kind of "storage fuel".

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Re:Crypto mining company loses bid to force B.C. Hydro to pr... by ttyprintk on Tuesday February 06, 2024 @08:24AM (#39273922)
- pumping water uphill

- splitting water for fuel

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