this post was submitted on 02 Oct 2024
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The "problem" of negative energy costs is easy to solve, but quite costly.
Build water desalination/carbon capture and storage/hydrogen generation plants that only run when the price goes below 0; even though these are very energy intensive, they would help stabilize the grid.
Then build more solar; you want to try to have the daytime price stay in the negative as often as possible.
The solution we're using instead of course, instead of all that environment crap you suggested, is running huge crypto farms only during the hours when the energy is in surplus.
So if a large region (say europe, or USA + canada) is cloudy and without wind, then all transactions must stop and the remaining countries are susceptible to represent over 50% of the hashing capacity. A perfectly sound system I'm eager to see.