Post
Topic
Board Bitcoin Discussion
Re: Power companies should mine bitcoins
by
DannyHamilton
on 30/12/2014, 15:51:26 UTC
Battery storage suck. We don't even have decent electric cars. Why should power companies buy expensive wasteful batteries?
batteries lol....you know what a transformer is right?

Yes, it converts (transforms) alternating current to either higher voltage with lower current or lower voltage with higher current.  It does this through electrical induction between two coils with differing numbers of windings.  What does that have to do with the discussion at hand?