PL's avatar
PL 1 year ago
There are always exceptions for small periods of time in a year, in a day, etc. for free power. However, the miners I talk with want high availability (95%+) to deploy their ASICs, not intermittent free power. Building the mine is too costly to run at 5%-10% of the time (negative prices or prices lower than transmission, etc.) is a very low frequency for our fleet at least.

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To be clear, in the thread you are replying to I was clear that renewables _may_ be used for hashing significantly during low cost periods, _in the future _. I'm not claiming that's a significant thing yet. Right now the #1 renewable used for Bitcoin mining is probably still stranded hydro.
Peter Todd's avatar Peter Todd
Yup. Unfortunately FPPS is a really valuable product for many hashers. Variance matters when you have bills to pay. It's possible that increased usage of renewables helps change this, as then at least hashers won't be paying power bills. But a lot of them will still have used debt to fund their other costs...
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