Bitcoin Miners Eye Nuclear Power as Environmental Criticism Mounts
Finally, a thing that makes sense, no solar panels when you have 4 hours of sun, no windmill that might stop spinning 10 hashes away, nuclear power, cheap and reliable, providing power 24/7. I'm almost jumping for joy now as the whole energy crisis in some countries is because they have limited how much energy nuclear powerplants can sell on the market without paying extra taxes on other taxes on taxes, now they can sell it directly and guess what is, cheaper than what other consumers are getting for standard rates.
It's so damn obvious this is the solution, bitcoin is a new technology that requires constant non-stop energy, nuclear is the new technology that gives you constant energy with no fluctuations, enough fuels reserves stored in the reactors for months so you don't have to pray for sun, wind, water or Russian gas.
Exelon Corp. EXC -1.41% in June said that it would shut two of three Illinois nuclear plants that failed to sell their electricity during the most recent wholesale power auction for PJM Interconnection, which operates a market serving 13 states and Washington, D.C. That led state lawmakers to approve a bailout this month to keep the plants running.
This is a perfect example where stupidity leads to, you tax the shit out of nuclear and fossil, you nearly bankrupt them and when they are in danger of closing you realize that you don't actually have enough energy from other sources so you need to bail them out with the same money you've got in taxes.
The whole so-called bitcoin mining council rather than putting one farm there and one from there should simply buy one damn powerplant, with two PWR reactors you can get around 10TWh, enough to feed 300K S19 Pro/J half of what they have on order till 2023.
It is something very similar, albeit on a bigger scale, to what Blockchain Alps has been doing with hydroelectric power.
The only problem with hydro in Europe is that you can't really expand the capacity, where it was a good place a damn has already been built decades ago if they do generate some excess power you can tap that but you're limited and I doubt the eco-movement will allow any major damn to be built in Europe, so yeah, their expansion on that model will inevitably hit a barrier somewhere in the future.
With nuclear, you can build as many as you want, you need a lake (it can be artificial) and fuel (we have enough for centuries).
But no, we need to fill half of the world with solar panels and the other half with batteries all subsidized with taxpayer money because one crazy kid can't keep her mouth shut. /rant over