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Free electricity and Crypto mining

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As some of you might know, all renewable energy sources are seriously challenging the current energy transportation infrastructure in Europe. Currently, some days this results in negative wholesale energy prices: You get PAID to use energy. This was the case in some regions in Europe yesterday (on the wholesale market)

If you can tap into the wholesale market you will earn about

  • 17kW * €0,23 per hour = €3,91 per hour (for household outlets)
  • 55kW * €0,23 per hour = €12,65 per hour (for industrial outlets, costs €300 to install)

On top of your hourly profit from using energy, you could run a miner of any sorts for free. Currently this happens a few days per month. However, it's expected to occur more often in the future. Isn't that a huge opportunity for the energy sector?

The way I see it is that a variable amount of crypto mining rigs can serve as a stabilizer for the energy infrastructure. Would this even be possible? I would love to get your take on it.

Cheers!

submitted by /u/trzztr
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