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by JumpCrisscross 870 days ago
> Under these conditions I dontnhave much issue with people mining bitcoin

At a penalty rate, sure. The problem is those negative rates invite productive power users. If you immediately balance them with useless crap, you never get the productive stuff.

There is an analogy to Dutch disease, except with power prices: crypto and its ilk are the disease.

1 comments

Can you provide examples of productive stuff
- Water desalination

- CO2 scrubbing

- Making synthetic fuel out of CO2, or any kind of "storage fuel".

Aluminium smelting.
- pumping water uphill

- splitting water for fuel