Response to 'Patata's' Comment (Below):
"Interesting. What is the cost of implementation of this technology? Will it help the individual miners? I don't think so. The large scale energy generation can only benefit mining farms which run on a large scale. Even if the technology works as shown in the video, it's not feasible for small scale miners. One can't implement their own geothermal energy generation plant.
Hello Patatas,
Yes, actually this model was made to give power back to the individual miner.
This is why I speak so much about "Decentralized Power Plants". My simplified proposal:
1.) Miners group together to OWN THE POWERPLANT. Imagine an ICO, but instead of a company raising funds, each mining operations raise funds.
2.) Distribute ownership. Miners, as a group (likely 1,000+ miners) will work together and own the entire facility.
3.) Distribute funds based off ownership. The more of the power plant you own, the more mining power you have. The power plant only mines. We can make sure no 1-person or group has control of all of the power by capping how much of the power plant each person can. No need to be greedy. These things will be 10 MW+. Plenty of power to go around.
4.) Allow liquidity. The ownership will be in the form of a Security Token, which will be tradable (first one's of this kind came out early 2019).