Quote from: o_e_l_e_o on Today at 06:04:21 PM

This is not always the case. Many jurisdictions and companies pay fixed rates for electricity that they buy from consumers, such as from household solar, and the rates are often abysmal - a tiny fraction of the cost the consumer pays to buy electricity. Often it will be more profitable to use any excess electricity you generate at home to mine bitcoin than to sell it back for a cent or two per kWh.

Yup, ik about this. I dont really include these cases, because were kind of dealing with distorted incentives here. In the beginning of the push for renewables the rates were actually pretty high, so even electricity that wasnt really needed was given to the grid. And now over time were seeing the opposite development happening, abysmal rates and no incentive to really help the grid out.

Its just another display of the brokenness of central planning that even during sky high electricity rates, its the brokenness of the planning that is preventing more energy to be put on the market, which be reducing prices for everyone to some extent. And even during crisis no adjustment has been made.

These smaller producers are not really given access to the free market the same way as the big industrial energy producers. So free market incentives cant play out in this case, they should rather mine Bitcoin than getting severely underpaid due to the incompetence of government.