Bitcoin Forum
September 24, 2022, 05:36:35 PM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Top US Energy Company to Explore Bitcoin Mining  (Read 137 times)
Mark301 (OP)
Newbie
*
Offline Offline

Activity: 30
Merit: 0


View Profile
July 07, 2022, 09:38:45 AM
 #1

Duke Energy, a top US energy company, is reportedly looking to explore Bitcoin mining as part of its plans to integrate its demand response strategy.

In a tweet by Duke Energy’s lead rates and regulatory strategy analyst Justin Orkney on June 4, he shared notes on electrification of transportation and decarbonization of the electric power grid through Bitcoin mining.
In an earlier statement by Justin Orkey, he confirmed that Duke Energy is currently studying Bitcoin mining, in fact, his crew is exploring how Bitcoin could solve the problems faced by the grid as renewable penetration increases. Grid imbalance and other problems will only worsen as we approach renewable targets.

Results of the study will show how to onboard miners on the grid before scaling up for the masses. The company leverages its micro-grid with different energy sources to conduct tests to measure the impact involving several levels of miners.

“We are exploring general customer phasing concepts … I’m working on a Bitcoin demand response study about including Bitcoin mining capacity in our system with an eye toward the demand response functionality … We are hoping to do a technology test.”

Continue Reading: https://mycryptoparadise.com/since-the-inception-of-the-current-market-downturn-the-crypto-community-has-been-witnessing-chaos-that/
1664040995
Hero Member
*
Offline Offline

Posts: 1664040995

View Profile Personal Message (Offline)

Ignore
1664040995
Reply with quote  #2

1664040995
Report to moderator
1664040995
Hero Member
*
Offline Offline

Posts: 1664040995

View Profile Personal Message (Offline)

Ignore
1664040995
Reply with quote  #2

1664040995
Report to moderator
1664040995
Hero Member
*
Offline Offline

Posts: 1664040995

View Profile Personal Message (Offline)

Ignore
1664040995
Reply with quote  #2

1664040995
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1664040995
Hero Member
*
Offline Offline

Posts: 1664040995

View Profile Personal Message (Offline)

Ignore
1664040995
Reply with quote  #2

1664040995
Report to moderator
franky1
Legendary
*
Offline Offline

Activity: 3626
Merit: 2942



View Profile
July 07, 2022, 09:56:51 AM
Merited by ETFbitcoin (1)
 #2

just to as some details

alot of power companies dont usually just 'build' power stations to supply todays capacity. they build to have capacity to cope with the demand of the next 10-25 years(for renewables, where as nuclear was 20-40, coal was 30-50). meaning for the first few years they have 10-25X of costs but only 1x of demand

so they are happy to see more demand at the start to get more income from the start before the usual more timely growth of houses and industry growth that take the natural demand up over the decades.

..
as for micro power stations that only power small towns and regions. these are not big enough to build out for long term because they know even in 20 years the 'growth' is still small. and so again having a large demand upfront can help cover costs to really expand and be future proof.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
Wakate
Sr. Member
****
Offline Offline

Activity: 392
Merit: 334


fillippone - Winner contest Pizza 2022


View Profile
July 07, 2022, 11:41:07 AM
 #3

Energy companies had been exploring the opportunity of Bitcoin mining as a gold mine for a very long time. It is a big opportunity for energy companies supplying energy for Bitcoin miners to earn more based on huge demand from miners. Bitcoin mining requires constant supply of electrical energy power mining machines and hardwares.

There had been many energy companies that are into Bitcoin mining and I think Duke Energy will not be the first to venture into it looking at the vast demand of energy by miners.

        ▄▀▀▀▀▀▀   ▄▄
    ▄  ▄▄▀▀▀▀▀▀▀▀▀▄▄▀▀▄
  ▄▀▄▀▀             ▀▀▄▀
 ▄▀▄▀         ▄       ▀▄
  ▄▀         ███       ▀▄▀▄
▄ █   ▀████▄▄███▄       █ █
█ █     ▀▀▀███████▄▄▄▄  █ █
█ █       ██████████▀   █ ▀
▀▄▀▄       ▀▀█████▀    ▄▀
   ▀▄        ▐██▄     ▄▀▄▀
  ▀▄▀▄▄       ███▄  ▄▄▀▄▀
    ▀▄▄▀▀▄▄▄▄▄████▀▀ ▄▀
       ▀   ▄▄▄▄▄▄▄
.
█ █▀█ █▀█ █▀█  ▄  ▄▀▀ █   ▄▀█ ▀█▀ ▄▀▀ ▄███▄
█ █▀█ █ █ █ █ ▀█▀ ▀▀█ █   █ █  █  ▀▀█ ▀███▀
█ █▄█ █▄█ █▄█     ▄▄▀ ▀▄▄ █▄▀  █  ▄▄▀  
                                        █
████████████████████████████████████ 
███▀▀▀▀▀▀██████▀▀▀▀▀▀██████▀▀▀▀▀▀███ 
█▀▄██▀███▄▀██▀▄██▀███▄▀██▀▄██▀███▄▀████▄
█ █ ▀ ▀███ ██ █ ▀ ▀███ ██ █ ▀ ▀███ █████
█ ██    ▄█ ██ ██    ▄█ ██ ██    ▄█ █████
█▄▀██  ▀█▀▄██▄▀██  ▀█▀▄██▄▀██  ▀█▀▄████▀
███▄▄▄▄▄▄██████▄▄▄▄▄▄██████▄▄▄▄▄▄███
████████████████████████████████████
.
.
CRYPTO'S FASTEST
GROWING CASINO
         ▄▄▄████████████▄
     ▄▄████████████████████▄▄▄
   ▄███████████████████████████
  ████████████████████████████▀
 █████████████████████████████
███████████████████████████████
███████████████████████████████
███████████████████████████████
 █████████████████████████████
  ███████████████████████████
███████████████████████████▀
 █████████████████
███████▀▀
         ▀▀▀███████▀▀▀
                        ▄█████▄
           ▄▄           ███████
         ▄██            ▀█████▀
  ▄▄▄▄▄ ██▀▄▄██▄▄   ▄
 ▀▀▀▀██████▀▀▀▀      ██▄
   ▄██▀▀▀██▄     ▄▄▄▄▄██ ▄▄▄▄▄
  ██▀     ▀██▄     ▀▀▀█████▀▀▀▀
  ▀        ████     ▄██▀ ▀▀██
            ████   ▄██      ▀
       ▄▄▄████████████▄▄
    ▄█████████████████████▄
  ▄█████████████████████████▄
▄█████████████████████████████▄
.
PLAY NOW
leea-1334
Hero Member
*****
Offline Offline

Activity: 1904
Merit: 942


Temporary forum vacation


View Profile
July 07, 2022, 12:01:33 PM
 #4

It feels weird to me that they are exploring about customers and looking at demand,,, when a company these days wants to go into mining, there are no customers right? There are just investors.

Cloud mining days is long over I believe, there is no more customers to handle, unless they want to make public pools? I guess I do not really get that aspect.

.
..........
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████░░██████████████████████████░░███████████████████
███████████████░░██████████████████████████░░█████████████████
█████████████████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███████████████
█████████████████░░░░░░░░░░██░░██░░░░░░░░░░██░░███████████████
███████████████████░░░░░░██░░██████░░░░░░██░░█████████████████
█████████████████████░░░░░░██████████░░░░░░███████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
.....I AM BLACKJACK.FUN.....
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████░░██████████████████████████░░███████████████████
███████████████░░██████████████████████████░░█████████████████
█████████████████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███████████████
█████████████████░░░░░░░░░░██░░██░░░░░░░░░░██░░███████████████
███████████████████░░░░░░██░░██████░░░░░░██░░█████████████████
█████████████████████░░░░░░██████████░░░░░░███████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
..........
Fivestar4everMVP
Hero Member
*****
Offline Offline

Activity: 1666
Merit: 622


Give Love a Chance To Heal The World.


View Profile
July 07, 2022, 12:21:52 PM
 #5

Cloud mining days is long over I believe, there is no more customers to handle, unless they want to make public pools? I guess I do not really get that aspect.
I don't know about anyone else, but for me, i feel over 90 percent of all cloud mining programs were scam, I personally participated in a lot of them and made a lot of money quite alright but unfortunately, I was never able to turn any of those visual money into real money because the platforms i mined  on wouldn't let me withdraw.
Even though very few of the cloud mining platforms were legitimate, majority of them were scam and i believe this is one of the reasons why no body talks about cloud mining anymore.

.
..Fairspin..
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
█████████▀▀▀█████████████▀▀  ███████████
█████▀▀       ▀█████▀▀   ▄▄▄▀███████████
███             ▀   ▄▄▄▀▀   ▄███████████
███▄             ▄▀▀    ▄▄▄█████████████
██████▀               ▀▀  ▄█████████████
█████                    ▀▀▀▀███████████
█████                         ▀█████████
██████▄▄     ▄      ▄▄▄▄     ▄ ▀████████
████████▄    █▀████▀   █▄    ▀█▄ ▀▀▀▀███
█████████   █  ▀████▄▄  ███▄  ▄███▄▄████
████████▀  █▀  ▄█████▀  ██▀  ▄██████████
████████████████████████████████████████
.
  STAKE TFS WITH AN AVERAGE APR OF 535%  ....TRY NOW.... 
Lorence.xD
Full Member
***
Offline Offline

Activity: 1232
Merit: 205


View Profile
July 07, 2022, 12:22:00 PM
 #6

What the hell is wrong with this people, when the prices are going up, they are doing everything in their power to drive the prices down through negativity campaigns against bitcoin and bitcoin mining but now that it's going down, we are seeing stuff like this, pretty sure that there's people behind the scenes that's suppressing this news or stories depending on the movement of the market.
ETFbitcoin
Legendary
*
Offline Offline

Activity: 2282
Merit: 4973


PNNV.COM Live bitcoin price monitor


View Profile
July 07, 2022, 12:34:32 PM
Merited by Fivestar4everMVP (2)
 #7

It feels weird to me that they are exploring about customers and looking at demand,,, when a company these days wants to go into mining, there are no customers right? There are just investors.

Who do you mean by customer? Would you classify owner of warehouse (which used to host ASIC, GPU, etc.) as customer or investor?

Even though very few of the cloud mining platforms were legitimate, majority of them were scam and i believe this is one of the reasons why no body talks about cloud mining anymore.

And the legitimate one usually not very profitable or has some expensive fee (e.g. withdraw fee).

DapanasFruit
Member
**
Offline Offline

Activity: 630
Merit: 44

Volare.network


View Profile WWW
July 07, 2022, 03:38:37 PM
 #8



I am sure that the BTC mining industry is very much open to anyone interested to be a part of the club...hopefully this organization can be profitable in case they will push through their plans to be one of the miners. there is no question that money can still be made in this industry, otherwise we might not be seeing continuing interest to stake one's interest on it.

───[  Volare.Network  ]───
─────────────[  A Game Network Only For Blockchain | For Business, Development & Communication  ]─────────────
─────────────[  TWITTER    |    PRE-SALE Starts Sept. 27    |    TELEGRAM  ]─────────────
goldkingcoiner
Legendary
*
Offline Offline

Activity: 1456
Merit: 1063


Not Your Keys, Not Your Coins.


View Profile
July 07, 2022, 04:24:54 PM
 #9

About time an energy company got into the game of improving mining energy problems. I would have thought it would be a bigger issue with more energy companys looking to get onboard...

Although Bitcoin mining energy is not really all that impressive compared to other needs for energy, maybe this will somehow help with the scaling issues or power outtages that happen in some more rural areas?

Would be cool if this resulted in cheaper electricity although I doubt they wouldnt just pocket the difference for more profit.

                 ██▄▄▄
                  ██████▄▄

   ▄█▄             ████████▄
  █████▄    ▄▄▄▀▀▀        ███
 ███████▄▄▀▀           ▄▄█████
███████▀             ▐█████████
█████                ▐█████████
█████▄▄▄▄             █████████
 █████████             ▀██████
  ████████▄▄             ▀▀██
   ▀██████████▄  ▄▌    ▄█▄
     ▀▀███████████▀  ███▀▀
         ▀▀▀██▀▀▀     ▀
.
..FortuneJack.......MIAMI Garage........MAJESTIC7 ..6 BTC WELCOME OFFER ......Join Now .>.....
kryptqnick
Legendary
*
Offline Offline

Activity: 2506
Merit: 1316


Join the world-leading crypto sportsbook NOW!


View Profile
July 07, 2022, 04:57:22 PM
 #10

I think it's great news. Not only it shows interest in Bitcoin mining, but it's also related to renewable energy, which is important to break the stereotype that Bitcoin mining is not environmentally friendly. It shows that Bitcoin mining is actually one of the industries that can promote the usage of renewable energy when a company has a lot of it and is figuring out what to do with it or, in this case, testing out the greed. However, I don't fully understand how Bitcoin mining can help, aside from testing, with instability that comes with renewable sources.

  ▄▄███████▄███████▄▄▄
 █████████████
▀▀▀▀▀▀████▄▄
███████████████
       ▀▀███▄
███████████████
          ▀███
 █████████████
             ███
███████████▀▀               ███
███                         ███
███                         ███
 ███                       ███
  ███▄                   ▄███
   ▀███▄▄             ▄▄███▀
     ▀▀████▄▄▄▄▄▄▄▄▄████▀▀
         ▀▀▀███████▀▀▀
▄▄▄▄▄█████████▄▄▄▄▄
█▌▐███████████████▌▐█
▐█ █▀▄▀ ▀▀▀ ▀ ▀ ▀  █ █▌
██ █ ▄   ▀▄ ▀  █ ▄ █ ██
███████████████████
████████████████████
██████▀ █ ▀███████
██████▀▀█▀▀██████
█████▄▄█▄▄█████
█████████████
▀█ █████████ █▀
▀█ █████ █▀
▀▀███▀▀
▄▄██████▄▄
▀█▀
█  █▀█▀
  ▄█  ██  █▄  ▄
█ ▄█ █▀█▄▄█▀█ █▄ █
▀▄█ █ ███▄▄▄▄███ █ █▄▀
▀▀ █    ▄▄▄▄    █ ▀▀
   ██████   █
█     ▀▀     █
▀▄▀▄▀▄▀▄▀▄▀▄
▄ ██████▀▀██████ ▄
▄████████ ██ ████████▄
▀▀███████▄▄███████▀▀
▀▀▀████████▀▀▀
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█
█ ██▀▀▀▀█▀▀▀▀█▀▀▀▀█▀▀▀▀██ █
█ ██ ▀▀▀█ ▀▀ █ ▀▀██ ██▄██ █
█ ██▀▀▀ █ ████ ████ ▀▀ ██ █
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ █
██████████   ██████████ █
▀▄ ▀████████   ████████▀ ▄▀
▀▄ ▀██████   ██████▀ ▄▀
▀▄ ▀████   ████▀ ▄▀
▀▄ ▀██   ██▀ ▄▀
▀▄    ▀ ▄▀
▀▄   ▄▀
▀▄▀
█████████████LEADING CRYPTO SPORTSBOOK & CASINO█████████████
MULTI
CURRENCY
1500+
CASINO GAMES
CRYPTO EXCLUSIVE
CLUBHOUSE
FAST & SECURE
PAYMENTS
.
..PLAY NOW!..
franky1
Legendary
*
Offline Offline

Activity: 3626
Merit: 2942



View Profile
July 07, 2022, 05:02:56 PM
Last edit: July 07, 2022, 05:41:42 PM by franky1
 #11

However, I don't fully understand how Bitcoin mining can help, aside from testing, with instability that comes with renewable sources.

when companies install wind turbines or put a wall across a valley to allow it to flood a valley to create a reservoir(hydro). or instal thousands of solar panels and battery store.
they are not thinking of supplying this years demand, only building to scale of this years capacity. .. instead they are over-building to scale of demand capacity for 10-50 years time.
however in the first year the demand is not at the same scale as the demand of year 50. so their income in the first few years is low and it progressively grows as other industry grows (new housing estates/neighbourhoods are built)

so by offering that 60% spare capacity in years 1+ they can get X00% more income from year 1. which then pays for the construction sooner and gives power companies more income to invest in further expansion in other regions sooner.


(its one of the reasons why some states gave amazon and other large industry tax free incentives to move to their city/county.. because new business in year 1= more income from year one for power companies. and reciprocally then incentives real estate to build more houses sooner, rather then waiting for local populations kids to grow up and have kids of their own to need to move out and get their own place(the slow method of growth))

if you can 2x+ the demand in year 1, rather than the standard 1.4x due to population generational growth every 20 years.. you can help give more money to the power industry sooner so they can expand renewable energy sooner

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
darewaller
Hero Member
*****
Offline Offline

Activity: 2380
Merit: 622


View Profile
July 07, 2022, 08:38:05 PM
 #12

It is not a shock that there will always be companies who pollute the world and there will be companies who spend a ton of energy, a whole sector that will use more energy than most other places in the world, like jet engine fuel, and aviation.

So, it is not really a problem of crypto mining causing a lot of energy usage, it is preventing another one becoming like that. I support mining to be over tbf, the staking world has been around for a while and it is proven to be working. Yes, it hasn't worked as much as bitcoin transactions for sure, but it could get there if we work on it. There isn't a "bitcoin mining hurts the world less than some other stuff", if it hurts, it hurts, and it should stop.
Doan9269
Sr. Member
****
Offline Offline

Activity: 280
Merit: 304



View Profile
July 07, 2022, 08:46:06 PM
 #13

Duke Energy, a top US energy company, is reportedly looking to explore Bitcoin mining as part of its plans to integrate its demand response strategy.

I really appreciate the fact that many energy companies are looking forward to expand their scope of coverage with the use of their services in providing bitcoin mining sustainable energy required, several organizations have started this already across the globe and it will help cover up for the demanding energy demand being truncated by the governments, the whole sector of bitcoin mining is going green gradually just to make it less challenging.

        ▄▀▀▀▀▀▀   ▄▄
    ▄  ▄▄▀▀▀▀▀▀▀▀▀▄▄▀▀▄
  ▄▀▄▀▀             ▀▀▄▀
 ▄▀▄▀         ▄       ▀▄
  ▄▀         ███       ▀▄▀▄
▄ █   ▀████▄▄███▄       █ █
█ █     ▀▀▀███████▄▄▄▄  █ █
█ █       ██████████▀   █ ▀
▀▄▀▄       ▀▀█████▀    ▄▀
   ▀▄        ▐██▄     ▄▀▄▀
  ▀▄▀▄▄       ███▄  ▄▄▀▄▀
    ▀▄▄▀▀▄▄▄▄▄████▀▀ ▄▀
       ▀   ▄▄▄▄▄▄▄
.
█ █▀█ █▀█ █▀█  ▄  ▄▀▀ █   ▄▀█ ▀█▀ ▄▀▀ ▄███▄
█ █▀█ █ █ █ █ ▀█▀ ▀▀█ █   █ █  █  ▀▀█ ▀███▀
█ █▄█ █▄█ █▄█     ▄▄▀ ▀▄▄ █▄▀  █  ▄▄▀  
                                        █
████████████████████████████████████ 
███▀▀▀▀▀▀██████▀▀▀▀▀▀██████▀▀▀▀▀▀███ 
█▀▄██▀███▄▀██▀▄██▀███▄▀██▀▄██▀███▄▀████▄
█ █ ▀ ▀███ ██ █ ▀ ▀███ ██ █ ▀ ▀███ █████
█ ██    ▄█ ██ ██    ▄█ ██ ██    ▄█ █████
█▄▀██  ▀█▀▄██▄▀██  ▀█▀▄██▄▀██  ▀█▀▄████▀
███▄▄▄▄▄▄██████▄▄▄▄▄▄██████▄▄▄▄▄▄███
████████████████████████████████████
.
.
CRYPTO'S FASTEST
GROWING CASINO
         ▄▄▄████████████▄
     ▄▄████████████████████▄▄▄
   ▄███████████████████████████
  ████████████████████████████▀
 █████████████████████████████
███████████████████████████████
███████████████████████████████
███████████████████████████████
 █████████████████████████████
  ███████████████████████████
███████████████████████████▀
 █████████████████
███████▀▀
         ▀▀▀███████▀▀▀
                        ▄█████▄
           ▄▄           ███████
         ▄██            ▀█████▀
  ▄▄▄▄▄ ██▀▄▄██▄▄   ▄
 ▀▀▀▀██████▀▀▀▀      ██▄
   ▄██▀▀▀██▄     ▄▄▄▄▄██ ▄▄▄▄▄
  ██▀     ▀██▄     ▀▀▀█████▀▀▀▀
  ▀        ████     ▄██▀ ▀▀██
            ████   ▄██      ▀
       ▄▄▄████████████▄▄
    ▄█████████████████████▄
  ▄█████████████████████████▄
▄█████████████████████████████▄
.
PLAY NOW
stompix
Legendary
*
Offline Offline

Activity: 2296
Merit: 4158



View Profile
July 07, 2022, 10:41:17 PM
Merited by leea-1334 (1)
 #14

I think it's great news. Not only it shows interest in Bitcoin mining, but it's also related to renewable energy, which is important to break the stereotype that Bitcoin mining is not environmentally friendly.

Yeah right...
Quote
Almost all of Duke Energy's Midwest generation comes from coal, natural gas, or oil, while half of its Carolinas generation comes from its nuclear power plants.
They don't have even 10% production from renewables, again, production, they have the capacity but since solar works only 1/3 of the day, the production is way below the same capacity as good old coal.

It feels weird to me that they are exploring about customers and looking at demand,,, when a company these days wants to go into mining, there are no customers right? There are just investors.

They are looking for the golden goose..
What they're trying to find is miners who would consume just the excess energy and balance the grid, basically minimizing losses, but good luck finding somebody who would mine only when you have excess energy and shut down when you need to make power cuts.
Already miners are looking at ROI times of over a year when it comes to new gear even with power at 2kwh, who would take part in this plan when you could make back the investment in 5 years, or more precise, about two years after the gear starts breaking down  Grin

What these power companies need to do is stop this patching of a broken concept and start realizing that nuclear power, cheap and constant is the only solution, not expensive batteries, not renewables that have a bit of producing zero energy for days, not anything else.


boyptc
Hero Member
*****
Offline Offline

Activity: 2408
Merit: 625


PNNV.COM Live bitcoin price monitor


View Profile
July 07, 2022, 10:48:18 PM
 #15

Cloud mining days is long over I believe, there is no more customers to handle, unless they want to make public pools? I guess I do not really get that aspect.
I don't know about anyone else, but for me, i feel over 90 percent of all cloud mining programs were scam, I personally participated in a lot of them and made a lot of money quite alright but unfortunately, I was never able to turn any of those visual money into real money because the platforms i mined  on wouldn't let me withdraw.
Even though very few of the cloud mining platforms were legitimate, majority of them were scam and i believe this is one of the reasons why no body talks about cloud mining anymore.
IMO, they're actually 99%.

Only a very few of them are really legitimate and if you happen to visit those legit ones, most of them are already full and you'll get a hard time seeing one of those slots they give open or vacant.

Well, for these energy companies, they've got the advantage for mining and it'll click to them as profit despite we're in a bear market. I guess they've been so long in studying on it and just publicized it lately.


franky1
Legendary
*
Offline Offline

Activity: 3626
Merit: 2942



View Profile
July 07, 2022, 11:16:13 PM
 #16

What these power companies need to do is stop this patching of a broken concept and start realizing that nuclear power, cheap and constant is the only solution,

nuclear power is only cheap. if its built in an area of high demand..
if they prebuild a power station with capacity for 2m homes. but there are currently only 50,000 homes in the nearby villages.. then the price per person is going to be 40x
(thy are not building out for todays demands. they are pre building for the potential demands of 20-60 years time)


some will say "then build a cheap nuclear power station of only 100k" to which the price of the build is not going to be 20x less. its only going to be 2x. (yep even if it needs 20x less fuel rods, the shielding needs to be the same thickness and the monitoring stations and maintenance guys need to still have he same costs. so costs do not divide down well if u divide the capacity)

meaning only a capacity of 100k but a build cost equivelent to what should facilitate 1m homes
and again in the first years only 50k are paying towards costs so costs are still 20x

however
without waiting for generations of families to then need more homes to grow the housing demand upto 100k, 1m, 2m over many decades..
they can easily build the 2m power plant. and then ask asic farmers to set up nearby. where they will have a bunch of asic farms comprising of a total of say 500k asics which is the equivelent to 1m homes usage. taking up 50% of the capacity FROM YEAR ONE and there by give the equivelent of 1m homes electric bill money to the power plant from day one even while there are only actually 50k homes
meaning the power company is getting 1.05m house hold equiv' income so that the cost per bill is only 2x instead of 20x


and by introducing industry(asic farming) into the area, also ramps up the need for housing, shops, other business to thrive in the area, to accelerate the normal growth of housing/other business to then take up the capacity to reach their 2m sooner. and get their cost to 1x per bill payer in years instead of decades..
it would only be then, after years whereby the natural growth demand accelerates they would then say to asic farmers they wont renew their power contracts as they need that 1m capacity back for the normal population.

but by this point another region is building out. and it becomes like 'corporate tourism' where mining farm businesses move to different regions every 3-5 years. (much like amazon ware houses), finding the next cheap rate location that accepts them and offers them tax free status or R&D grants or whatever state incentives that state representatives give

..
now you understand the concept from your favoured power production method
apply it to the other renewable methods that prebuild, not just for todays demand but for future potential capacity above todays demand..

i know you think that if a ASIC needs 3kw/h = 72KWH a day. that a idiot is just going to put up 3kw panels or enough just for 72KW a day.. where you always cry about the 1/3rd a day means it only actually produces 24KWH a day from a 72kw set of panels..

reality is.. outside of your cries.. if they are planning an asic farm they wont just put up 72KW of solar panels. nor the 216kwh panels (to counter your 1/3rd cries). they would put up 450KW+ of panels to give them a head start for future proofing for a few years and having enough excess that even at a 1/3rd day sunlight, the 450KW+ field of panels is still more then the 72KW they need

however when doing this. they have 450kw of panel cost. with a capacity of 150kw but a demand on day one of 74, meaning if they can intice a neighbour or other industry to buy into the other 50%. they will get full 100% income to cover costs twice as fast of the initial build

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
Darker45
Legendary
*
Offline Offline

Activity: 1988
Merit: 1476


🙏🏼Padayon...🙏


View Profile
July 08, 2022, 12:12:22 AM
 #17

It feels weird to me that they are exploring about customers and looking at demand,,, when a company these days wants to go into mining, there are no customers right? There are just investors.

I guess the customers that Duke Energy’s analyst, Justin Orkney, refers to are the mining companies themselves. I don't think that by exploring Bitcoin mining the energy company itself is interested to put up a mining farm. The way I understand it, Duke Energy is eyeing to provide energy to large scale Bitcoin miners. While they are already supplying energy to small scale Bitcoin miners, they are now studying whether or not it is best to cater to large mining farms as well.

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
leea-1334
Hero Member
*****
Offline Offline

Activity: 1904
Merit: 942


Temporary forum vacation


View Profile
July 08, 2022, 05:39:44 AM
 #18

I guess the customers that Duke Energy’s analyst, Justin Orkney, refers to are the mining companies themselves. I don't think that by exploring Bitcoin mining the energy company itself is interested to put up a mining farm. The way I understand it, Duke Energy is eyeing to provide energy to large scale Bitcoin miners. While they are already supplying energy to small scale Bitcoin miners, they are now studying whether or not it is best to cater to large mining farms as well.

Actually now I understood it. Reference is the final quote in OP he talked about customer phasing and Bitcoin demand response and that got me confused,,, but now I look it up and demand response is actually 'a change in the power consumption of an electric utility customer to better match the demand for power with the supply.'

So,,, now I get it thanks to stompix and ETFbitcoin posts. The customer is not the mining customer but the utilities customer,  the one who will be able to ask for better rates or change peak times in power usage.

.
..........
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████░░██████████████████████████░░███████████████████
███████████████░░██████████████████████████░░█████████████████
█████████████████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███████████████
█████████████████░░░░░░░░░░██░░██░░░░░░░░░░██░░███████████████
███████████████████░░░░░░██░░██████░░░░░░██░░█████████████████
█████████████████████░░░░░░██████████░░░░░░███████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
.....I AM BLACKJACK.FUN.....
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████░░██████████████████████████░░███████████████████
███████████████░░██████████████████████████░░█████████████████
█████████████████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███████████████
█████████████████░░░░░░░░░░██░░██░░░░░░░░░░██░░███████████████
███████████████████░░░░░░██░░██████░░░░░░██░░█████████████████
█████████████████████░░░░░░██████████░░░░░░███████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
..........
electronicash
Legendary
*
Offline Offline

Activity: 2492
Merit: 1032



View Profile
July 08, 2022, 05:55:28 AM
 #19

aren't the politicians crying about Bitcoin taking up so much energy causing to heat up the atmosphere of our green planet?   Grin its pretty obvious this time they were all just FUD.

OPEC companies will also take this consideration since its a more proficient way to make money directly without having to make negotiations. money will be earned going directly to the wallet address using the gas to power up the mining farms.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!