I was out at a friend's place this weekend. They've got a tiny bit of land. Growing their own food, planting an orchard, solar panels to go mostly off-grid.
They're selling some power back to the grid at times, but seemed dismissive as though it wasn't really enough cash to be worth doing. And I also suspect it's more accounting-trick than actual-power-distribution that means they can turn off a gas boiler or anything.
When I wondered about running a bitcoin miner instead, they looked fairly offended. These green folks can have a visceral reaction to Bitcoin's energy consumption.
Didn't get into it.
But really, if you hate Bitcoin's computing power being run from oil-burning generators: best thing you can do is take the free wasted solar energy you already have and out-bid the oil-burners in the hashing market.
The oil-burners will have to stop burning the oil if they can't sell profitably, and if everyone else was mining with their excess solar they wouldn't stand a chance with their expensive oil.
And if you want Bitcoin's price to go down, so it can't justify so much hash-rate, best thing to do is get some of the coins and sell them to make the price go down.
I dunno the actual amount of stranded-power they have so dunno what the economics would be really.
Looks like you'd need about 3000 watts to run the machine, and if the power is stranded and so otherwise-wasted or free, then it will be profitable to run it whenever the power is there.
Roughly two grand or so for the hardware to get about 10 dollars a day in current prices.
You'd pay for the miner in about about ten months then be earning 10 dollars a day after that.
Or more. Or less. Depending what the price does.
Also you'd have to reduce that by all the time you have to turn it off coz it's dark or you need the power for the washing machine and lights and kettle or whatever. It may only be viable in summer.
But every satoshi you earn and sell lowers the price, and reduces the proportion of Bitcoin which is mined by carbon-burning.
Pre
npub1pkh…ln8r
2023-08-21 21:21:09
Author Public Key
npub1pkhzm90462y3cfat45m25nmz6p9ku0lw0ak4fqjttpy8qvfhrymqjlln8rPublished at
2023-08-21 21:21:09Event JSON
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"created_at": 1692645669,
"kind": 1,
"tags": [],
"content": "I was out at a friend's place this weekend. They've got a tiny bit of land. Growing their own food, planting an orchard, solar panels to go mostly off-grid.\n\nThey're selling some power back to the grid at times, but seemed dismissive as though it wasn't really enough cash to be worth doing. And I also suspect it's more accounting-trick than actual-power-distribution that means they can turn off a gas boiler or anything.\n\nWhen I wondered about running a bitcoin miner instead, they looked fairly offended. These green folks can have a visceral reaction to Bitcoin's energy consumption.\n\nDidn't get into it. \n\nBut really, if you hate Bitcoin's computing power being run from oil-burning generators: best thing you can do is take the free wasted solar energy you already have and out-bid the oil-burners in the hashing market.\n\nThe oil-burners will have to stop burning the oil if they can't sell profitably, and if everyone else was mining with their excess solar they wouldn't stand a chance with their expensive oil.\n\nAnd if you want Bitcoin's price to go down, so it can't justify so much hash-rate, best thing to do is get some of the coins and sell them to make the price go down.\n\nI dunno the actual amount of stranded-power they have so dunno what the economics would be really.\n\nLooks like you'd need about 3000 watts to run the machine, and if the power is stranded and so otherwise-wasted or free, then it will be profitable to run it whenever the power is there.\n\nRoughly two grand or so for the hardware to get about 10 dollars a day in current prices.\n\nYou'd pay for the miner in about about ten months then be earning 10 dollars a day after that.\n\nOr more. Or less. Depending what the price does.\n\nAlso you'd have to reduce that by all the time you have to turn it off coz it's dark or you need the power for the washing machine and lights and kettle or whatever. It may only be viable in summer.\n\nBut every satoshi you earn and sell lowers the price, and reduces the proportion of Bitcoin which is mined by carbon-burning.\n",
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}