On: NFTs Are a Dangerous Trap

[timoth3y]

This is called "Demand Response" and it's an important part of grid management. For example a factory will agree to decrease consumption when asked in exchange for lower rates.

Too much power is usually handled in the generation side by incentivize producers to scale back generation or even paying to have them take a plant offline.

For a bitcoin mining operation, I suspect it would not be profitable to have all that equipment sit idle except when there is an oversupply of electricity.

[prox → timoth3y]

Another way to change this : Could crypto not make useful calculations instead of useless calculations? Like protein folding for example?

[gxon → prox]

https://bitcoin.stackexchange.com/questions/20879/why-cant-w...

[distances → prox]

Like Folding@home? No crypto needed.

[fiddlerwoaroof → timoth3y]

I was thinking that if you built for peak load, you could reduce the idle time to four hours or so a day.