Good. A lot of people simply don't get it. The play is use mining to grew renewable clean energy.
NJ, USA has good solar incentives buysolar and I hope to continue expanding solar builds using mining to help us do it.
That player in Montana with a big farm would do well to figure a way to create more renewable clean power and not dirty fuel plants. but that is like a logger clear cutting vs proper forest management. or a fisherman fishing till the fish are fished out.
There will always be a short term guy doing it the so called cheap and easy way.
If coal and oil plants were forced to pay for the true amount of pollution they cause (not global warming) just particulates they drop on the world from burning fuel it would not be that cheap.
Topic: Do Bitcoin miners care about renewable energy? - page 2. (Read 549 times)
It's nice when you are around it and it's plentiful. Just wondering you don't have a less expensive option available do you?
We purchase our power on the open market, we can buy it from whoever we want. We are not contracted to some power company as most power companies buy and resell power themselves and do not produce the majority of what they sell.
Again, there is no dirty energy that is cheaper to produce then the proper renewable energies.
Geothermal/hydro - build facility and run it
coal - build facility, secure a mine, mine the coal, transport the coal, process the coal, use the coal
It simply costs more to make dirty energy. There is another large mining operation in Montana that does use coal power. They pay significantly more than we do for power and there are new environmental laws that might be shutting those coal setups down permanently in the next few years and that will end their business.
It's interesting that people have a choice. It's not something I grew up with or have now, all our electricity comes from hydro. I'm not really sure what the other provinces have in place, at most I know some can choose between the provider.
So for your example given the choices, I would go with the 4 cent power. This would only last until I was nearly priced out of mining, I'm willing to do my share but you still have to keep your head above water. I would expect any business facing this option would go with the less expensive power cost; unless they were particularly pro environment.
Ideally though if this is the situation they would find some other way to offset their carbon footprint overall, even if it meant using "dirty" power. Maybe even find a way to produce their own renewable infrastructure. This is unfortunately not a route many long term businesses want to try or take seriously. Hopefully Phil starts a movement warehouse owners.
It's nice when you are around it and it's plentiful. Just wondering you don't have a less expensive option available do you?
So for your example given the choices, I would go with the 4 cent power. This would only last until I was nearly priced out of mining, I'm willing to do my share but you still have to keep your head above water. I would expect any business facing this option would go with the less expensive power cost; unless they were particularly pro environment.
Ideally though if this is the situation they would find some other way to offset their carbon footprint overall, even if it meant using "dirty" power. Maybe even find a way to produce their own renewable infrastructure. This is unfortunately not a route many long term businesses want to try or take seriously. Hopefully Phil starts a movement warehouse owners.
That being said, my company only buys renewable hydro energy, and would never mess with dirty coal. There is enough environmental damage to the earth without us adding to it.
It's nice when you are around it and it's plentiful. Just wondering you don't have a less expensive option available do you?
Well for one, coal cant get that cheap without some special government subsidies. It simply costs too much to mine and transport to be that cheap.
That being said, my company only buys renewable hydro energy, and would never mess with dirty coal. There is enough environmental damage to the earth without us adding to it.
That being said, my company only buys renewable hydro energy, and would never mess with dirty coal. There is enough environmental damage to the earth without us adding to it.
Making solar builds is an easy choice...
Yes, making a solar panel will be a great choice, but unfortunately, the price is too high. I already ask in my city, and I got the answer from that guy who can install the solar panel.
He says that I need to buy the hardware for installation for about $2000-$2500, but I forgot how much Kwh that I get. Maybe if the price is not too high for me, I will try to install a solar panel because it can reduce my electricity fee and I can use my rig again to mining the coin.
Later, I will try to search for the other store that can install the solar panel, or maybe I will search by online because in a few months ago, I see an advertisement about solar panel.
this is easy question> I am a life long asthmatic sufferer.
I live in New Jersey,USA
Once you look at this map of pollution from coal using electrical plants. Making solar builds is an easy choice.
I live in New Jersey,USA
Once you look at this map of pollution from coal using electrical plants. Making solar builds is an easy choice.
Personally, my set up is too small and is located within the server room of my existing business which is in an office building. So unfortunately, I do not have the option to deploy my own solar. In addition, the relatively small size and colocated nature of my mine does not give me any option other than the local power company.
If I had the choice you presented, I would have to calculate which would be most advantageous tax-wise. Electricity costs are deductible so depending on how much gear I plan on purchasing this year I would look at projected electricity costs to make sure I minimize my tax burden. If its even remotely close in terms of final costs, I would choose the hydro/green power.
If I had the choice you presented, I would have to calculate which would be most advantageous tax-wise. Electricity costs are deductible so depending on how much gear I plan on purchasing this year I would look at projected electricity costs to make sure I minimize my tax burden. If its even remotely close in terms of final costs, I would choose the hydro/green power.
Honest question:
If you are mining Bitcoin (or any other cryptocurrency), do you ever consider the source of the energy?
Example:
Coal at 2 cents.
Hydro at 4 cents.
What would you do? Would you even consider where the power comes from, or simply go after the cheapest rates?
If you are mining Bitcoin (or any other cryptocurrency), do you ever consider the source of the energy?
Example:
Coal at 2 cents.
Hydro at 4 cents.
What would you do? Would you even consider where the power comes from, or simply go after the cheapest rates?
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