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Bitcoin Mining Is Reshaping the Energy Sector and No One Is Talking About It

7 pointsby hui-zhengover 3 years ago

4 comments

johnny35over 3 years ago
Batteries aren’t just about using the generated energy in a useful way, they are about making renewables more profitable by giving them a buyer for all the energy they can produce. Miners are money batteries in this way - they can be fired up on demand to soak up energy the grid doesn’t need, and instead of finding a buyer they can just directly convert excess energy into income.
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spurguover 3 years ago
That&#x27;s an interesting angle that I hadn&#x27;t considered before.<p>Not that I don&#x27;t have serious doubts regarding the viability of Bitcoin overall, but it seems like it could play a role in balancing out the imbalance created by intermittent energy sources.
xyzzyxover 3 years ago
<a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Jevons_paradox" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Jevons_paradox</a>
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kwertyoowiyopover 3 years ago
If only Yahoo’s “Story Continues” button actually worked on an iPad, then I could read the whole story.
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