It's not that direct though. As a business I seek to use the least amount of energy, but I buy whatever is available. Usually I have one choice. And electricity is typically a small part of my costs and revenues, one of many bills and choices I can pay or make.
As a power company, I sell whatever I have. I might develop other large power generating plants, but my customers are usually stuck just buying what is available, paying whatever price I charge. I have little incentive to innovate, since competition is mostly non-existent, and whatever comes up takes years to build because it would have to provide for a huge number of customers.
As a miner, my electricity is my main operating costs covering 99% of my expenses. And I'm more mobile, so while it could take a few months, I could pick up and move my operation somewhere where power costs become better. And I have a direct incentive to fund R&D into energy production if it helps me reduce some of those costs.
And if some country goes Idiocracy, like China did, miners pick up and move, like they did.
MTozoni ⚡😺
npub10k…z4y6g
2023-03-25 20:47:16
in reply to nevent1q…ylwm
Author Public Key
npub10ke32hpkj9l0765w0k37pcjd739humclg36zmntcea240t7e6apqwz4y6gPublished at
2023-03-25 20:47:16Event JSON
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"content": "It's not that direct though. As a business I seek to use the least amount of energy, but I buy whatever is available. Usually I have one choice. And electricity is typically a small part of my costs and revenues, one of many bills and choices I can pay or make.\nAs a power company, I sell whatever I have. I might develop other large power generating plants, but my customers are usually stuck just buying what is available, paying whatever price I charge. I have little incentive to innovate, since competition is mostly non-existent, and whatever comes up takes years to build because it would have to provide for a huge number of customers.\nAs a miner, my electricity is my main operating costs covering 99% of my expenses. And I'm more mobile, so while it could take a few months, I could pick up and move my operation somewhere where power costs become better. And I have a direct incentive to fund R\u0026D into energy production if it helps me reduce some of those costs.\nAnd if some country goes Idiocracy, like China did, miners pick up and move, like they did. ",
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