Historic Power Plant Decides Mining Bitcoin Is More Profitable Than Selling Electricity
Something old, something new
www.tomshardware.com
Rejuvenate my old hydroelectric plant if old.
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Historic Power Plant Decides Mining Bitcoin Is More Profitable Than Selling Electricity
- Thread starter delete12345
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www.tomshardware.com
Rejuvenate my old hydroelectric plant if old.
OP
OP
Just means other power is coming from somewhere else. Doesn't change anything unless we make ALL power green.
This is why I don't like Bitcoin and other crypto currencies. They are nothing but capital that multiplies capital. No production or value gets added back into the economy. It's just money printing with extra steps.
And even then it is still a waste because of the resources wasted to build the stuff that produces that green energy.
We only have a few more spaces to go until we get to Gloppy's chocolate swamp
Technically incorrect, but only because the real reason is worse.
The worker works hard for their money. They stupidly invest it in bitcoin. Then the power plant takes that wealth and the worker is left with nothing.
It's zero sum and it's a pyramid scheme. The money doesn't come from nowhere.
I don't understand how using renewable energy makes it better: you are denying the use of that energy in replacing non-renewable sources. So, it amounts to the same thing until we are 100% renewable (at least in the region its located). Especially when the plant was built in 1897. Even then, renewable doesn't mean zero carbon.
As we do woefully little about climate change, we waste enormous resources on unnecessary crap like cryptocurrencies.
As we do woefully little about climate change, we waste enormous resources on unnecessary crap like cryptocurrencies.
This has happened before. Ocean Falls BC has a hydroelectric plant that is used for bitcoin mining.
Difference there is that the Ocean Falls plant isn't connected to the grid. It was built to power the town (and 2 others) and power the old paper plant. The paper plant has long since closed and the 3 towns use only 1/3rd the plants output at peak winter usage.
Difference there is that the Ocean Falls plant isn't connected to the grid. It was built to power the town (and 2 others) and power the old paper plant. The paper plant has long since closed and the 3 towns use only 1/3rd the plants output at peak winter usage.
NYC residents being told not to flush their toilets or use AC when Times Square is completely lit up comes to mind.
Not the oldest powerplant still running. The hydroelectric plant in Västerås Sweden is from 1891 and there arr probably still older ones out there.
Never, would have had to happen 5-10 years ago. Today, far too many policy shaping elite and lawmakers are invested in it like a stock, or running mining operations themselves.
