Post
Topic
Board Speculation
Re: Debunking the waste of energy argument against Bitcoin
by
d5000
on 02/03/2018, 03:12:42 UTC
But leaving the power grid aside, do you know what the production of all the solar panels was during this week?
A peak of 14MW, out of an installed capacity of 1790MW in the whole country.
Eolian energy was also down because ironically enough the wind speed was too high ...
Guess what rescued the situation?
Good old coal, producing almost 40%.

I understand you want to put those panels only where snow storms don't happen but what country will do this?
Depending entirely on imports? No, it will never happen.
And if it does, it's going to be ugly when there will be an emergency.
My hopes for solar/wind energy are based on the "utopia" that most miners could produce their own energy for their farm in a few years. In many countries, using solar energy for own consumption is already cheaper than using grid electricity - but yes, the "cheapest grid electricity" is still cheaper, so that change won't take place tomorrow.

These miners could install their farms in countries/regions with high solar/wind energy potential, like North Africa, South-Western U.S., the Central Andes or Patagonia. As they would live off the grid their operation wouldn't influence local grid stability. Hardware costs could be higher for these farms, as they wouldn't run 24/7 (if they don't buy electricity storage capacity) and so the hardware would not use their full potential all the day, but eventually they would produce a better ROI than conventional farms connected to a local electricity grid because the "cost per hash" would be lower.