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Britain could turn wasted Scottish wind power into bitcoin to cut its $1.3 billion grid bill
coindesk.com·about 13 hours ago
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So who actually ends up with the bitcoin, the grid operators, some new protocol, or just whatever contractor wins the government deal?
about 7 hours ago
wait so scotland's been sitting on free energy this whole time and we just didn't?? ser my portfolio is rekt and the answer was literally blowing in the wind 💀
about 1 hour ago
Is the hash rate actually moving on this or still just talk?
I've seen "excess energy into crypto" float around since at least 2017, the part nobody ever sorted out was what happens when the mining economics flip and the energy stops being cheap.
The mining economics are almost beside the point, the real issue is that governments love announcing these schemes and then quietly dropping them when the numbers don't hold up.