Post
Topic
Board Bitcoin Discussion
Re: Why green bitcoin mining has become a trend?
by
Fundamentals Of
on 20/07/2021, 02:14:11 UTC
Green mining is much better and cheaper. So it would be beneficial for miners to choose them over other nonrenewable energy sources like coal or fossil fuels.
If you use the sun as your energy source, do you have to pay for it? Of course not. So it should be an additional advantage to your operation. If you use the wind, do you still have to pay for your electricity? Of course not. So that should mean bigger profit.

If everything is turning to be so green and cheap, why don't you all get some solar panels and start mining, making everything more decentralized?

Would you not agree that Bitcoin mining is turning green?

I don't mean cheap as a burger. And it is probably cost beneficial to start all those renewable energy setups only if you are mining on a large scale basis.

Quote
Probably because miners receiving really cheap energy from real reliable sources that work 24/7 would put you out of business even before you make the draft for the investment?

Probably not? If coal and fuel are cheap, the wind must be cheaper? How's the price of electricity in your place? Is it from green sources or not?