'Japan’s Kumamoto-Energy, a local power producer and supplier from Kumamoto City, has revealed that it recently began using solar power for mining cryptocurrencies. This is another example of how, contrary to environmental hysteria by mainstream media sources, cryptocurrency mining can enable a greener future using renewable energy.'
http://dailybitcoinnews.com/japanese-electricity-company-uses-excess-solar-power-for-crypto-mining/All POW fans gotta get up to speed on this issue, be able to counter the 'hysteria.' [My favourite claim is that, within a few months, cryptos will be using
all the electricity in the world!! But how would we know? There'd be no electricity for the little meter that tells you how much electricity you're using!]
The company says that it aims to effectively use its surplus electricity by mining cryptocurrencies with the output of its solar power generation plants.
I'd like to know who decides what is
surplus.
By using excess capacity when it is available to mine, the crypto economy is making remote renewable energy more affordable and profitable and thus much more likely to be tapped into.
Given the track record of China and its regulations and practices, I would assume that 'when it is available to mine' will mean nothing and they will be mining whether there is 'surplus' or not. They will of course eventually start feeding off of the regular sources of electricity.
It's all an interesting concept though.
