Quote:
Originally Posted by red-beard
It's kinds of funny, I own Landfill Gas to Electricity projects. As they fall of their 20 year PPAs, the market price for the power is very low. So these units are shut down and the landfill gas is simply flared.
What I suggested to my partners was to install a Bitcoin Mining rig and use the power (3.2 MW) for Bitcoin Mining. And this was back when Bitcoin was trading about $8000. The effective value for the power at Bitcoin $8K, using the equipment for sale at a reasonable price, was about 14 cents per kWh. We would have doubled our yearly revenue, which would have paid off the mining equipment in 7 months.
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This is another example of how BTC mining energy can be misleading, there are many instances where power that would otherwise be completely wasted can be and is used for BTC mining. So like most things, its not so black and white.