/biz/ - Business & Finance

>>16944555
WOW
UPVOTED
THANKS FOR SHARING KIND STRANGER

>>16944619

>NOOOO YOU CAN'T JUST GET SOME INSIGHT FROM SOURCES OTHER THAN AUTISTS ON 4CHANNEL.ORG!!!

>>16944555
This is huge for BSV. Trump destroys the FED and defaults to BSV backed dollars.

>>16944839
Based and Qpilled

>>16944851
Can you post the one with the q reference?

>>16944555
Check out Northern Data AG. They just merged with an American crypto company to build the largest mining facility of the world in Texas. I bought some shares last summer but bought more after the merger news.

>>16944839
Id like to add, the way Trump hyped up negative rates today at Davos knows it will collapse the USD. He’s not a dummy. As he confirmed it later about “when people are free to innovate..” it implies people are not free right now.
Also everyone is thinking gold backed. But that would put china and Russia as super powers. Unless the US has a shit ton of gold hidden. Remains to be seen. But also going into a crypto based economy seems ridiculous. However I’ve not lived through a major economic reform so I have no idea how this shit would play out. We could also be getting hosed with negative interest rates as they squish smaller banks and then bigger banks which leads to only the central bank which issues moneys/ credit which controls you. So there’s that too.

>>16944555
well they get cheapest power so its profitable to them even with <1k btc. Not bullish

>>16944874
the world is returning to a Gold standard. the US will Join with Canada and Mexico and create an Amero Crypto Rainbow currency backed by Gold.
XRP will be the One world Currency that all countries use to exchange rather than exchange their base currency making the process more liquid and stable, no one can manipulate XRP like they can their own currency.

>>16944839
>>16944851
He said its a BTC miner, not BTCSV.

Shut the fuck up you filthy scammers.

For anyone reading, if you're new to all if this, BTCsv is a known scam with an extremely active shill network on here, led by a guy who has been proven multiple times to be a filthy scammer, including in court.

Tldr, shut the fuck up BTCsv shills, you are a poison on what could otherwise be a really interesting thread.

>why yes I prefer reddit to 4chan
>the community is just much more intelligent and mature

>>16944555
oh no but i want to mine from my home with my lightning node so i can feel special wtf is this centralized shit!

>>16944555
why havent these guys heard they can just mine 1 grin every second and market sell that for bitcoin?

>>16945787
NPC detected
BSV is a deepstate NSA operation. Thats why we buy. Its a guaranteed winnng trade backed by the state.
Nobody with 120+ IQ buys because they think Craig is le epic toshi lmao

>>16945800

phone poster get out

>>16944857
Yes the Northern Data + Whitstone merger is huge. 95% on this board don't even understand what 1GW of capacity means....or how much investment that represents (somewhere around 700,000 individual mining rigs)
By the Federal Reserve now announcing they will loan money at 0% to hedge funds, expect now many more of these sites to be built. The US / EU will become the major mining powers in next year or so....
The fed has decided its best play is to own bitcoin obliquely...that is on its balance sheet via a hedge fund.

>>16944555
That's pretty based to be honest. It also makes sense because they need to provide the grid with a base load during low demand hours, it's utilizing that waste energy on productivity.

>>16946107
>they need to provide the grid with a base load during low demand hours, it's utilizing that waste energy on productivity.
can you elaborate please

>>16945787
Based

>>16946143
Its probably so the grid doesn't get overloaded and fizzles out during peak hours. Its like keeping your car engine warm.

>>16946155
so is that energy normally wasted? how exactly

>>16946143
during low demand hours like the middle of the night only a small load is required. the plant can’t just ramp up and slow down energy production at the blink of an eye so most energy produced during off peak hours is dumped. instead of dumping the energy they will just send it to the miners and generate income.

>dumped can be sent to another jurisdiction for free or lower than base rate or even wasted altogether

>>16944555
Its looks like normal professional mining facility, I dont see anything thats screams “THIS IS POWER PLANT!”

>>16946181
why dont they dump it on battery farms or something? is it literally going to the ground?

>>16946143
variable cost vs fixed.
as an example, imagine you owned a power plant imagine the fixed cost were $50K per hour...even if you are not generating a single watt of electricity...thats simply how much it cost for people, finance, equipment, etc etc.
during offpeak times your production may be below your fixed cost....so middle of the night you may run at a loss....
suppose by running a small mining farm your total cost per hr now rises to $55K...so its just an incremental increase over your fixed but now you may generate enough income to make this financially attractive (ie. you may not make a profit but you may get closer to break-even during offpeak).

>>16946199
and use the power when? during demand hours the grid satisfies the power loads required. wouldn’t be economical to store all that wasted power.

>>16946143

a power plant always produces roughly the same amout of energy, not more or less during peak or low demand hours. shutting down or restarting the plant is nonsense. so during low demand hours they utilize the leftover-energy to mine corns

Base load is needed because the sun doesn't shine and wind doesn't blow all the time, but people still want their fridge and lights to work always.

Coal power plants don't spin up or ramp down capacity instantly, they take hours to change how much they pump into the grid. This means there's waste as you ramp down due to supply being me than demand.

It's either wasted or turned into heat. Using it to power mining would mean there's always a use for it.

>>16946199
a power plant will often pay to off load surplus energy. that sounds ridiculous but it’s true.

>>16946209
>>16946210
ok but without corn farm, where is this excess power normally going? where im from we sell the excess to other nations grid, but anons are saying yours is wasted without the corn farm?

>>16946193

the guy has posted other pictures of turbines that he's supposedly worked on.

>>16946268

it gets sold to other count(r)ies or gets turned into heat for district heating. storing massive amounts of energy is still a meme

>>16946284
so its not actually wasted, but i guess using it for mining makes sense

>>16946295

the efficiency factor for coal plants is still under 50%, so there is always a loss; but the mining also generates heat which in return is also usable. in short a pretty smart idea afaik

>>16946268
>>16946255
paying to off load surplus energy is wasted. see commiefornia, those cucks went buck wild on renewables and didn’t have the demand during peak production hours. wasted energy...but for a good cause ya know

>>16946345
paying to off load? this is confusing as fuck to me. Isnt your whole country grid interconnected? why dont they dump where supply doesnt meet demand? for free or a cheaper price

>>16946404

>for free

OY VEY AN ANTI-SEMITE

>>16945849
based.

finally someone with some truth and no pride.

did you buy link at .20 and sell link at 4.60+ too??

>>16945860
Hey fuck you I was laying in bed. At the wage cage now...

>>16946416
damn you got me

>>16945787
Fuck these niggas, Craig looks like Charlie sheen, I wouldn’t trust a mf that looks like that

>>16946446

>>16946143
Electricity generation works off the principal of use it or lose it. Power usage on the gird is lowest durning nighttime hours. You still need to supply power into the grid during the night for obvious reasons but not as much as during the day. This is called you low peak demand. That low demand period during the cycle of ramping up and ramping down electricity production is called your base load. Less efficient powerplants usually completely power down during low peak hours. Also there is a required amount of minimum power needed for the electric grid to properly function.

When operating in this low peak demand period, power is often being unutilized (ie. wasted simply on just electrifying the grid.)

Hydro-pumped energy storage is a method used to store electricity generated during this low peak time that is being supplied from wind and nuclear plants to later be used for generation during high peak decreasing your power loss rating.

Using waste low peak power for profitable uses in a variable scenario is the innovation power operators are catching on with here. I can also see a situation where this could get outta hand by the operators when it comes to times of operation.

Expect to read more stores about this and also stories about theft of crypto by greedy operators.

More is to follow!

thanks anons for the explanations. Never thought there were some many EEfags here

>>16946143
https://en.wikipedia.org/wiki/Base_load

>>16946498
/g/ reporting dropping knowledge bombs. It's also something you learn about when you calculate a solar install or mining profitability.

>>16946155
Nope

>>16946268
Usually lost in transmission when power in a section of the grid is being exported to another. The loss usually occurs at the powerplant relays that disengage. (It's just wasted energy of spinning the generator faster then required.)

>>16946210
That's not completely true. Plants do power down during low demand. Power generators can't really ramp up and down their performance efficiently.

It's all a subtle dance of minimizing loss for profitability sake and cost sake.

Power systems is the best specialisation in EE

prove me wrong

>>16946143
based load is what I give to my girlfriend haha

>>16945747
Fuck off. Xrp paneet, I hope you get cancer for shilling scams on newer people here. Xrp is centralized trash and will be considered a security and the the ripple company and token will not survive the next 5 years. T

>>16945787
They're both SHA-2 you donkey. As long as they have STIFF amounts of fast storage, they could mine BitCoin just the same.

>>16947020
>he doesnt know

>>16944555
fucking based. maybe america has a chance after all

>>16945787

Seething

>>16946171
yeah, it's shot into the ground and wasted.

>>16947831
Buying the storage is literally chump change in relation to what miners spend on their facilities. They will instantly flip when BSV yields more $

>>16947926
Dedicated balanced gigabit or more connections aren't too bad either

>>16947952
It wont be more than a blip for them until blocks are at multi-gigabyte size
Of course by then BSV will be fucking massive and a 50k dineros

>>16944660
UPVOTED CUS I AGREE, TAKE THIS GOLD MY FELLOW REDDITOR

>>16946404
countries are grid interconnected but that doesn't mean every state/province shares energy production. i'll give you an example, one state can have a major waterway that they utilize for hydro electric. that waterway can provide x amount of power for y price to the surrounding area. a neighboring state which doesn't have a waterway to utilize might have a gas plant or coal plant or nuclear or whatever and they have a totally different operating cost and different demand. if my waterway water is cheap as fuck and it's consistent and meets the demands of my region, why would i want to buy power from a plant that is producing a surplus at a higher price? do i even want to pay for it if it's at a discount if i have a constant load of power and no need for their surplus? it's complicated anon and power costs are dependent on the resource being used or taken advantage of and the grid infrastructure and the demands of the region. you can't just solve energy problems by waving magic windmills or solar panels at them and you can't create energy from nothing. there will always be waste in some form or another, how we utilize the waste to the best of our abilities is what the miners are attempting to do.