I keep reading that coal is uncompetitive even to operate because of renewables. So what’s the deal here? Is it the need for consistent base load electricity that caused them to choose coal?
Bitcoin miners are buying power plants
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Re: Bitcoin miners are buying power plants
#42Re: Bitcoin miners are buying power plants
#43Turns out if you can make money burning stuff people will buy stuff to burn as long as the cost to burn is less than money earned. Who knew! Of course this won’t be a problem until it is.
Re: Bitcoin miners are buying power plants
#44Is it possible for people to source or certify sustainable Bitcoin? Since there is a transaction chain, can you choose to buy or boycott “dirty coins”?
There is a crypto called Monero that doesn't have this problem. it is growing fast.
Re: Bitcoin miners are buying power plants
#45Is it possible for people to source or certify sustainable Bitcoin? Since there is a transaction chain, can you choose to buy or boycott “dirty coins”?
Re: Bitcoin miners are buying power plants
#46Every time I'm like "BTC is roasting the planet" people come out of the woodwork to remind me about renewable energy. Funny I don't see any of them here....
Re: Bitcoin miners are buying power plants
#47Is it possible for people to source or certify sustainable Bitcoin? Since there is a transaction chain, can you choose to buy or boycott “dirty coins”?
There is a crypto called Monero that doesn't have this problem. it is growing fast.
Re: Bitcoin miners are buying power plants
#48Re: Bitcoin miners are buying power plants
#49Re: Bitcoin miners are buying power plants
#50Every time I'm like "BTC is roasting the planet" people come out of the woodwork to remind me about renewable energy. Funny I don't see any of them here....
This case seems like an aberration, though? I think the logic goes something like this: bitcoin miners have a huge incentive to find the cheapest power in the world; renewable energy sources are cheaper than fossil fuels and getting cheaper all the time; therefore miners will prefer renewable power.