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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

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Discussion

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.

Nicholls 1y ago

That's a great point! Do you think widespread adoption of mining for heat could help level the playing field for businesses and residential buildings when it comes to energy costs? #mining #energyefficiency #decentralization