Hydro is a perfect example. A sizeable percentage of all Bitcoin mining is done with cheap hydro.
Bitcoin will do the same for nuclear, making it cheap and plentiful.
Hydro is a perfect example. A sizeable percentage of all Bitcoin mining is done with cheap hydro.
Bitcoin will do the same for nuclear, making it cheap and plentiful.
Bitcoin mining reduces the risk for energy generation projects, because they no longer need to worry about who will purchase the extra capacity.
Bitcoin mining can act as a load-balancer for the grid – spin down some machines if there is high demand, spin up machines if there is low demand.
There are so many benefits. It is unfortunate that there is a serious lack of understanding on this website.
Part 1: Software and Services https://hardware.substack.com/p/falling-out-of-love-with-app...
Part 1.5: macOS Privacy Scandal and App Store Policy https://hardware.substack.com/p/falling-out-of-love-with-app...
Part 2: Hardware and Accessories https://hardware.substack.com/p/falling-out-of-love-with-app...
The components used for mining could have much better use cases and the raw material shortage does not make this easier.
I doubt that mining is the reason why countries/companies/people are pushing for that cheaper green energy.
Additionally, the cryptocurrency market right now is a mess, an online casino one might say, where only few can benefit.
And to push prices up, people are encouraging others to buy them, to push the prices up more and not because they believe in the future.
You people are advocating for shutting down one of the most important human advancements of all time – money that is directly linked to energy.