I haven't been following crypto for a while, but I thought that there weren't really any cryptocurrencies that were profitable to mine anymore. Has something changed, or did I miss something?
Some people also don't do math well, or fall for sunk cost motivations. For example, they've already spent a bunch of money on equipment. I know someone who justified it to himself by claiming that the heat output in his house during the Winter reduced his heating bill, so the losses weren't as bad.
>“These figures are conservative, accounting only for mining during ‘blue sky’ hours when prices are under $15 a megawatt-hour,” the report said. “Bitcoin mining is likely to have stronger impacts on the grid over time as the number of larger and more power-hungry mining facilities is likely to grow.”
No, no, the crypto bros have told us how this lowers everyone's bills because they're only using wasted off-cycle power. This is AMAZING for consumers.