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Solar panels generating electricity are great for the few hours
of full sunlight that the diurnal cycle gives us. Then the
complications of energy storage kick in, the expenses, capital
cost, the permissions for grid tie, whatever.
Taking as an example Ethereum, the solar array is sized to
mine
Ethereum using whatever hardware is necessary to do
this using power generated. You depreciate the physical plant
(solar cells, power conditioning, computers, Internet access
and whatever back up battery is necessary for soft shutdowns)
and pay taxes on the coins mined (as I suspect the IRS views it
this way in any event). Whatever "green power" tax breaks
that come your way figure into the mix. As a business, there
are many tax breaks and expenses the ordinary wage slave can
only imagine. No employees need be hired just contractors for
the installation and maintenance.
If the crypto currency mined rises in value, you achieve better
than 100% "efficiency", if it depreciates, well, that's life. This
seems to have the benefits of low regulation overhead, known
hardware, potential efficiency and it could pay your electric
and ISP bills.
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Annotation:
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it costs roughly $5,000 in electricity to mine a coin in the
States. If you can generate that kind of solar power you can
probably make more money selling the power than mining
Crypto. |
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To make this _really_ green, you'd want to use the waste heat generated by the hardware. You could water-cool the processors (thereby getting hot water), or use it for space heating. |
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// I say that the value of an individual crypto coin should start off higher if it was mined using lower capability equipment, to compensate.// |
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Result : new mining rigs built of massively parallel arrays of really tiny semi-autonomous circuits, optimised for mining and pessimised for whatever the computation capacity test actually is.
So it wouldn't change anything noticably. |
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theircompetitor: I have failed to note that this is a scheme
for single home solar power generation and storage that has
the advantage of becoming a business expense and means to
depreciate the equipment. In Ohio with the AEP, they won't
pay you cash for your surplus electricity, just a set off
against your power bill so you can't really "sell" your power
(OTOH, the "net metering" is not taxed AFAIK). And the grid
tie tariff guidelines can be fairly stringent with inspections
etc. Since the storage medium proposed is a crypto currency,
you don't have much regulation. Remember, "whatever 100
businessmen commonly do is legal." |
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This idea could be a good storage plan for unused "baseline"
power generation capacity. Truly enormous mining outfits
could treat their power needs like the arc furnace steel mills
do, shop around and try to run when the power is cheap. |
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Can use electricity too for electroplating shit, like and
‘store’ it as wealth that way. |
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