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Public miners will never be able to compete with miners who actually use the heat for something productive

I think they're all dead within 10 years if they keep just setting up data centers and venting the heat

I don’t think they will all be dead. While I agree that they will thrive if they figure out a way to utilize it, they’re not going to give a shit what’s happening with their heat as long as they’re profiting. This also isn’t me defending pubcos either, I have mixed opinions on them, mostly negative. They’re going to be around, though, I think.

I also think, after reading your thought, that a pubco that does decide to try to recycle their heat in some capacity (given that most operate across several fairly remote location farms) will have first mover advantage on that, and lead to an “arms race” in a way, inevitably leaving some in the dust. But I think it will be a difficult feat to accomplish.

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Discussion

utxo the webmaster 🧑‍💻 1y ago

I think they won't be profiting, because other companies like let's say an indoor greenhouse that sells tomatoes is already paying for that heat, so they're willing to "unprofitable" mine but for their business it actually is more like a rebate on their heating costs, paid in sats.

Nic 1y ago

But they won't be mining past the heat they need to generate for the greenhouses, while public miners will.

If a public mining company has a very low cost of energy, lower than the tomato company, they'll outcompete them in pure mining.

In this example or a similar one, I don't see a producer of goods locating themselves by a volcano with limited transportation routes for low energy costs, while pure miners would.

utxo the webmaster 🧑‍💻 1y ago

There are tens of millions of businesses and residential buildings that are currently paying for heat, mining would reduce this cost for everyone across the board.

Even with low energy cost they are competing with people who aren't even trying to turn a profit.

They also have way more overhead to maintain their mining business where a small scale use as just a heater requires very little.

AND of course this would be hugely beneficial to the decentralization of mining

Nic 1y ago

I agree with that. I am looking at doing it at my house. For Canadians, I'd recommend looking into Jouleport. They engineer and install miners for home heating.

Doing it would double my electricity bill in dollar cost, but I'd be turning a profit if I was to sell the sats I generated from it. I obviously would just hodl.

If I was a home builder, I'd 100% look into implementing a mining system into my new builds.