Quote from: TangentC on Today at 05:55:42 AM

Quote from: thecodebear on June 16, 2021, 03:01:03 PM

Also I don't think you realize what "excess of energy" means - it specifically means there is no one to sell the energy to,

I think most bitcoiners don't realize that when heat waves or subzero temps arrive, their is NO EXCESS ENERGY!

https://news.trust.org/item/20210616152609-rkr1c

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Searing heat across the U.S. Southwest and soaring electricity demand for air conditioners this week are prompting grid operators in
Texas and California to warn consumers about energy conservation to avoid outages.

Which is why Proof of Waste is so dangerous , wasting energy when a power grid is maxed out ,
at best creates rolling blackouts,
at worst crashes a power grid and destroys the transformers,
Once that happens and a major grid is down for ~2 years to repair all those blown transformers,
expect bitcoin PoW mining to be permabanned around the world.

Not a question of if, it has become a question of how soon especially for Texas.

https://www.texastribune.org/2021/02/18/texas-power-outages-ercot/

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Texas was "seconds and minutes" away from catastrophic months long blackouts, officials say

https://www.nasdaq.com/articles/how-texas-is-becoming-a-mecca-for-bitcoin-miners-2021-05-04

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How Texas Is Becoming A Mecca For Bitcoin Miners

Genuine question, wouldn’t large mining farms avoid regions where electricity is in high demand, and therefore have higher electricity rates, making it unprofitable for mining? Plus electricity generated is only “wasted” if there’s a surplus and the surplus isn’t used.