this post was submitted on 31 Mar 2024
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I'm fully aware grid-scale storage has its challenges, but something as simple as heating water in a large boiler using excess capacity is more useful than mining crypto. Literally any other use is more useful to humanity than crypto.
Furthermore, practically giving that excess power to useless crypto farms will discourage investment in grid-storage which is something we desperately need.
Edit: After looking at your profile history, I'm banning/blocking you on my instance. So if you reply and I don't, it's both because I don't care and won't see the response anyway.
That's fine, it's enough if others can see how willfully ignorant you are.
Put your fingers in your ears if you want.
I'm not the one who ignores reality.
I guess you don't understand economics. Solar power providers should boil water instead of being profitable!
We don't have to make everything about profit, if a company can afford to operate and pay their employees a living wage they're a success. They don't need to make tons of extra money on top of that
Surplus can go into research, innovation, growing the business, etc. But I agree, they don't NEED to do anything, they should be free to run their business however they want.
Yeas, when prices go negative in my country Home Assistant absolutely does switch on my electric water heater. It save me substantial amounts.