Hacker News new | past | comments | ask | show | jobs | submit login

Won’t the intermittent nature hurt crypto less than other industries? We currently have a crypto mining company setting up in Texas where energy is cheap with the understanding that they might have to shut down and start up at a moments notice due to demand from the rest of the grid.

As long as these sources are available at all times in aggregate across the globe, crypto mining should be one of the most resilient industries.




I don't know how the situation is now but when I looked into it a few years ago the rapidly increasing hash rate of the mining hardware meant that running them only half the time didn't meant that it just takes twice the time to recoup your investment but that you might not make back at all.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: