$60 for a barrel of oil seems expensive
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the standard “barrel oil equivalent” of energy is 1.62MWh
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im pretty sure you can get corporate energy contracts for $20-30/MWh, which would value the energy in a barrel at $48 on the high end
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maybe this is why we don’t burn gasoline for home generation
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at today’s price with a near top of the line miner you generate about $340 worth of bitcoin (avg) with that much energy
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*thinking
8:31 PM - 22 Nov 2019
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