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If you're honestly looking for the best solution to plentiful, on-demand, cheap electricity, energy storage via batteries is a much better solution. Why burn up
by jmcgeeney 5y ago
If you're honestly looking for the best solution to plentiful, on-demand, cheap electricity, energy storage via batteries is a much better solution. Why burn up excess energy from a wind farm, rather than storing it to be reused during peak periods?
- poontang1 5y agoBatteries are actually terrible at storing large amount of energy for any significant period of time, otherwise this would be the solution everywhere
- AlexandrB 5y agoHowever bad batteries are at storing energy long-term, I guarantee that bitcoin mining rigs are worse. It's hard for a battery to do worse than losing 100% of "stored" energy immediately to heat.
- jmcgeeney 5y agoYou don't usually need to store energy for a significant period of time, just until the daily peak. Last I checked, the efficiency for charge + discharge was something like 70%, which, in any case, is much better than the 0% energy savings from using that energy to mine crypto.