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
Discussion
Wen Riot beef jerky?
It'll be the other way
Jack links, now dried with asics!
nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m links are the best
It's hard to gage where the meta will be in a decade, but it's a possibility
Maybe that heat could be used to distill water in countries with fresh water problems, right?
Australia?
Anything, heat buildings, water, green houses, sauna, pools anything
When nostr girls jacuzzi powered by miners?
SHA256 ALGO ASIC game part even change by then
I have hope #bitcoin mining can be used as a default by energy companies for demand management to the grid.
When placed in the proper context, it’s a no brainer.
nostr:note1ur2wmfykandjy6l54459auncnrfaj89269av70ale57rxlcfh9us9dl3qf
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.
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.
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.
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
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.
That makes sense. Interesting.
Let’s grow tomatoes and tulips !
I’m pretty new to all this shit but it does seem that miners will be part of all appliances in the future which would back up your note.
Apartment complex is the new mining farm. Heat your apartment as much or as little as you want, you pay the electric for the heat. I as the landlord own and control all of the miners providing central heat to each apartment and resulting hash.