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Cake day: July 1st, 2023

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  • You’re not wrong.

    Wholesale prices do bounce around significantly in a day, occasionally even going negative. And some miners do shutdown for brief periods during high demand due to a high electricity price. Some miners aren’t buying electricity from the grid, and have their own generation sources with different economic inputs. And there’s lots of day to day volatility in mining rates that has nothing to do with economics.

    There’s no formula or methodology that could tell you how much energy is being wasted at any given moment. That impossible. There’s no way of knowing how many miners are operating globally at any given point in time. We can’t even reliably tell which country a block was mined in. We can only make reasonable estimates of global averages over the last few weeks.

    You can get closer with more detailed modelling, but the equation I gave using global averages for bitcoin and electricity prices in the last few weeks will get you to an accurate estimate.


  • Yes somewhat… the formula has several factors that are constantly in flux, Bitcoin mining is a random process the value can be off entirely by chance. But it’s designed to self-adjust over the long run towards that formula, individual fluctuations cancel out in the long run.

    For electricity price specifically, wholesale prices of electricity tend to be fairly close everywhere bitcoin is mined. Bitcoin mining is more profitable where electricity is the cheapest and is uneconomic in places where the price of electricity is above average. So it only happens where the wholesale price is globally competitive.


  • Money isn’t the limiting factor though.

    There’s plenty of money waiting to be spent on green electricity projects that’s bottlenecked by grid connections, permitting, panel and turbine manufacturing, rare element supply chains and host of other factors slowing down how quickly we can build new renewable capacity.

    Also the typical LCOE cost comparison approach doesn’t factor in the cost of grid connections, which is lower for a nuclear power plant than it is for an equivalent capacity of renewables. Nuclear is still more expensive on average, but the difference isn’t as clear cut and there a cases where nuclear might be cheaper in the long run.

    Everytime nuclear comes up on Reddit/Lemmy we always seem to argue whether nuclear or renewables is better choice like it’s a choice between the two. Both nuclear and renewables are slam dunk choices compared to fossil fuels on every metric if you factor in even an overly optimistic case analyisis of the financial impacts of climate change. (Nevermind giving considerations of the humanatarian impact.)

    80+% of our planet’s energy still comes from burning fossil fuels. Renewables have been smashing growth records year over year for a long time now and yet we haven’t even reached the point where we’re adding new renewables capacitiy faster than energy demand is increasing. We’re still setting new records annually for total fossil fuel consumed. Hell we haven’t even gotten to the point where we stopped building new Coal-fired power stations yet.

    The people who argue that “we don’t need nuclear, renewabes are cheaper and faster” you’re missing the reality of sheer quantity of energy needed. We can’t build enough new renewables fast enough to save us regardless of how much money is invested. There aren’t enough sources of the raw materials needed to make that happen quickly enough, we can’t connect them to the grid quickly enough, we cant build new factories for solar panels and wind turbines fast enough. Yes, we will undoubetly continure to accelerate our new renewables projects at a record setting paces each year but it’s not enough, it’s not even close. Even our most optimistic , accelerated projections don’t put us anywhere close to displacing fossil fuel consumption in the next 10-20 years.

    We need to stop arguing over which is better. We need to do it all.


  • Not sure where you’re getting 250kwh/m2/year from. If it was one contiguous solid panel maybe you could achieve that and then you’d be correct it would be about 560,000 km2. Or roughly the size of France.

    But you need to leave space between the panels in a solar farm for them to be at the optimal angle without casting shadows on each other. Real world solar farms have much lower density than that.

    The density can vary significantly, our hypothetical solar island could be anywhere from the 6th to the 50th largest country but regardless we’re still talking about something in the area of a trillion individual solar panels.

    Assuming money isn’t the limiting factor (which it isn’t in most countries) we don’t have anywhere close to the ability to manufacture and deploy that many panels by 2030 or 2035.

    Assuming we maintain exponential growth of both wind and solar (doubtful) we’re still a least two decades away from eliminating fossil fuel electricity generation never mind meeting the 2-3x generation capacity needed to transition transportation and other consumers of fossil fuels over to electricity.

    Renewables growth has shattered estimates before, you never know, but the transition is not happening any where near as fast as people seem to think.



  • The economics of Bitcoin mining at scale force it to find an equilibrium where the cost of mining a Bitcoin is just a bit less than the current market value of a Bitcoin.

    Electricity is the only significant variable cost at scale so the amount of electricity needed to mine a bitcoin ends up being a little less than however much a bitcoin can buy.

    Thus one can estimate the total amount of electricity very accurately by simply taking the block rate (6/hr) times the block reward (~6.25 BTC) times the current price of a bitcoin divided by the wholesale price of electricity. You’ll get the upper bound for the amount of electricity being consumed.

    Which by the way works out to around a TWh costing tens of millions of USD every single day. Which is more electricity than a small country

    The only thing that will stop the waste is if the price of bitcoin drops. You can legislate it away, that won’t stop it, it will just move when it’s happening.


  • Yea basically the main contamination issue is that radioactive substances were spread around. Contamination of the surrounding area isn’t the only issue we have to deal with, nor is it the most serious, but it is generally is the most costly remediate.

    The contamination problem is caused by radioactive matter spewed into the air and settling on the trees, buildings, ground etc… in the surrounding area.

    The main remediation strategy is to remove everything in the surrounding area including the top ~3 ft or so of soil of the and haul it off to an underground landfill to slowly decay for at least a few hundred years safely separated from humans.


  • Lots of great answers here.

    I think one under mentioned cause is the effect of social media algorithms.

    All major social media platforms use machine learning algorithms decide what to show in your feed. The algorithms are programmed to show you the things that have historically kept you on the site longer.

    It’s human nature to upvote/read/support/engage with the things that agree with our world views, and downvote/dismiss/disengage/discredit the things that disagree with our worldview.

    These two facts combined result in you seeing more of the content that aligns with your worldview, and more of the content from people who share your worldview. We’re all funnelled into communities of like minded individuals that repeat what we already believe, reinforcing whatever that is regardless of how factually correct it might be.

    Dissenting information that might cause you to reconsider your position or become more politically aware is automatically filtered out.

    And it’s not just social media either, even the algorithms behind search engines display this behaviour.

    Long before social media existed, Google was tailoring search results to match the things you tend to click on. If you searched for news and typically clicked on the headlines biased towards one side or the other Google would start ranking site with that bias higher.

    This wasn’t intentional (at least not originally) it was just a side effect of the algorithm, trying to figure out what you were most likely looking for.

    For someone who, for example, believes the Earth is flat. If they were to type “is the Earth flat?” Into a search engine. They are much more likely to get results that “prove” the Earth is flat, then a person who believes the Earth is round, because the algorithm knows that they tend to click on articles that “confirm” the earth is flat.

    Algorithms used by social media and search engines today, make it genuinely difficult to maintain a balanced worldview and find unbiased answers to any question. They are all designed to keep you engaged, And it is human nature to engage more with the things we agree with, regardless of truth.




  • No.

    MW is the maximum capacity not the average.

    A nuclear reactor runs at close to its maximum output pretty much 24/7/365.

    A solar farm only operates during the day, and even then it only operates at maximum output in the middle of a clear sunny day.

    The overall average output of a nuclear plant is typically around 90% of its capacity.

    The overall average output of solar farm is 20-25%.

    This massive farm will still only output a bit more electricity than what a single nuclear reactor outputs.

    A nuclear power station typically has more than one reactor, so compared to a typical nuclear power station this isn’t even close to the average nuclear plant.

    Though it does beat a few of the smallest nuclear plants that only have a single reactor.

    Nuclear outputs a fuck-ton of electricity for its size.




  • Sandford Fleming (the guy who invented time zones) actually made it easier.

    Before timezones, every town had their own clock that defined the time for their town and was loosely set such that “noon is when the sun is at its highest point in the sky.” Which couldn’t be measured all that accurately.

    If it wasn’t for Fleming, we’d be dealing with every city or town having a separate time zone.



  • I work in this space. My focus area is consequential GHG accounting specifically, which is the process of quantifying the impact a decision will have on GHG levels.

    There is an internationally recognized methodology for GHG emissions account and for most other things you’d make environmental claims about.

    Hard part is most of those methodologies were designed for voluntary compliance. They tend to allow lots of estimates and average when better data isn’t available, because for someone trying to do the right thing, estimating data is better than nothing.

    But that leaves a giant gaps in legislation like this because someone with incentive to do so can make generously optimistic assumptions that ridiculously overstate their environmental stewardship while still technically following the methodology.

    While I think it’s doubtful we’ll see any major improvements in reporting for a while. The bill is still a massive step in the right direction.

    And there’s hope for the methodologies getting better too. The leading methodology for calculating GHG emissions is currently being revised with a new version expected to be published next year. Current proposals being considered include dropping several notoriously inaccurate approaches, that could be used to make false or exaggerated claims.


  • Most large corporations’ tech leaders don’t actually have any idea how tech works. They are being told that if they don’t have an AI plan their company will be obsoleted by their competitors that do; often by AI “experts” that also don’t have the slightest understanding of how LLMs actually work. And without that understanding companies are rushing to use AI to solve problems that AI can’t solve.

    AI is not smart, it’s not magic, it can’t “think”, it can’t “reason” (despite what Open AI marketing claims) it’s just math that measures how well something fits the pattern of the examples it was trained on. Generative AIs like ChatGPT work by simply considering every possible word that could come next and ranking them by which one best matches the pattern.

    If the input doesn’t resemble a pattern it was trained on, the best ranked response might be complete nonsense. ChatGPT was trained on enough examples that for anything you ask it there was probably something similar in its training dataset so it seems smarter than it is, but at the end of the day, it’s still just pattern matching.

    If a company’s AI strategy is based on the assumption that AI can do what its marketing claims. We’re going to keep seeing these kinds of humorous failures.

    AI (for now at least) can’t replace a human in any role that requires any degree of cognitive thinking skills… Of course we might be surprised at how few jobs actually require cognitive thinking skills. Given the current AI hypewagon, apparently CTO is one of those jobs that doesn’t require cognitive thinking skills.