this post was submitted on 31 Mar 2024
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[–] vividspecter@lemm.ee 2 points 1 year ago

Especially because in practice the massive cost of compute means that while low cost power is nice, it is always more economically sound from the miners prospective to run 24/7 to get the best return on investment.

If you wanted a market solution, you could push wholesale power pricing onto miners so the cost potentially becomes too expensive to mine at times there isn't renewable energy. Not that I think power should be wasted on crypto mining in any case.