Post
Topic
Board Economics
Re: Energy Consumption of the Bitcoin Network
by
ShakyhandsBTCer
on 13/07/2014, 17:44:43 UTC
RE: Huge Opportunity That Bitcoin Is Perfectly Suited For - When you start to look beyond the traditional constraints of the existing grid and fuel transportation networks you will find that Bitcoin is perhaps one of the best suited technologies to leverage abundant energy resources that are hiding in plain site. Rather than spoil it by elaborating too soon I am curious to know if any of you smart people know what I am referring to. Anyone?
This may or may not be what you are looking for, but one option would be to take advantage of variable electric prices that are present in some places of the country. For example, the price of electricity is cheaper at night when people are sleeping as this is generally an off peak period for electric usage. You could only run your miners during this time if it would be unprofitable to run it during the day.

Another potential option would likely not be something that an individual could do, but rather a public policy that an individual could attempt to change - to try to get more nuclear energy to be provided to the electric grid.