~
OK.. I have a question here.. What if the miners themselves setup giant solar farms or something, to generate electricity?
Why is not anyone doing this on a large scale?
Why are they investing in coal power powerplants and gas-powered ones?
Because you need constant power to mine, with solar you have at most
6 hours peak time in Salvador, which means roughly (not the really correct way but let's go with this) you have to install 400kw of capacity for each 100kw consumption and enough capacity to store the remaining 75% to be used in the other 18 hours. This assuming you have no days with completely no sun. On what are you going to rely on these days? More imports?
Mine 6 hours a day and ROI in not 300 days but 1200?
OK.. I have a question here.. What if the miners themselves setup giant solar farms or something, to generate electricity? From what I have heard, industrial scale solar power facilities can generate electricity at a rate of <$0.10 per KWh.
!10cents per kwh is not that attractive to most miners.
People underestimate how cheap coal energy is, how could
you compete with 2.8 cents? Solar can compete only with the government taxing others and subsidizing it, which means ripping off customers, and for poor countries like Salvador where is this money going to come from? Look what's happening in Europe with us closing down fossil fuel plants and taxing them to deaths and relying on solar and wind, energy prices are through the roof, that of course, unless your France and you have 56 nuclear reactors.