Post
Topic
Board Project Development
Re: Decentralized Power Plants
by
Adam4Eve
on 25/02/2019, 20:34:30 UTC
Yes,

What I am talking about is using "proof-of-work" energy demands to develop renewable energy infrastructure for cryptocurrency mining.

The concept isn't very new, and companies like GigaWatt and now CryptoSolarTech have tried, but failed.

The reason these companies failed, is because they failed to realize that the "intermittent" renewable energy resources of wind and solar can not provide the energy needed to economically mine bitcoin.

For Example:

If you have a S9 running for 24 hours of the day, you would need electricity for 24 hours, every day.

Wind can not do this.

Solar can not do this.

At least not without energy storage (large-scale batteries)... however battery technologies are sill very expensive, and makes those projects un-economical once you account for storage.

I am suggesting we build BASELOAD Renewable Energy infrastructure for these projects.

It will make the mining more economical/ actually make sense.

-P