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by summm 1117 days ago
Why is it not done today? Probably because of this: Mining rigs are a larger capital investment. They would have to compete with rigs in countries that don't care about CO2. Additionally, why would they be turned off if the energy prices are positive, but still below the cost of mining crypto elsewhere?
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Recently Poland was in a similar situation. We produced too much energy from renewables. As a consequence we had to pay a few millions to other countries to take the energy. Moreover we had to compensate to individuals who have FV but their energy was not allowed to the grid. This is absolutely insane to me. Mining crypto sounds way better than this chaos. If not on country level then on individual level. I'd happily start mining myself if electricity prices were not fixed but followed the real demand.