The Great Crypto Mining

The Great Crypto Mining

Incentives between energy producers and miners are so aligned that it may soon be difficult to draw a line between the two.

Many power plants enter the mines, while miners gather their own energy. Voltus created models to determine how much flexibility should be available to crypto miners: in Texas, $ 37.54 per megawatt hour, and in New England, $ 6.79. by MWh.

Energy Companies

Energy companies that live outside of bitcoin mining will leave money on the table, "because mining is often more profitable than selling power on a grid," Mellerud said.

Based on his research, during the 2021 lucrative mining season, energy producers may experience more than 10 times the cash flow of bitcoin mines rather than selling their power on the grid, he said.

Daro Ruiz, a supplier of photovoltaics with Solar in Spain, said that although power prices have risen to $ 0.14 per kWh for consumers due to the crisis in Ukraine, manufacturers are still paying around $ 0.05- $ 0.06 per kWh.

All Major Crypto Miner

Webber of the DPO said in five to 10 years, all major crypto miners will have to reproduce their own energy production capacity to save costly competitive operations. If they don't, the peoples who own energy company can do this he said.

Belizaire generally agreed, but stopped short of saying that miners who did not give up their energy would eventually be charged. "As the industry scale, and this approach and model is just beginning, it is likely that a direct integration of renewable resources with the industry will be a significant strategic advantage," Belizaire said.