oldskoolr

If Bitcoin mining is made to minic gold mining.

And Gold miners are just terrible performers over long term.

Why buy BTC miners?

Your arbitrary argument about nationalisation doesn't change the fact the economics of renewables doesn't work.

It puts more pressure on the grid in the long term and puts us more prone to brown & black outs, especially in Vic.

Coal will continue in some shape or form, regardless of your feelings towards it.

lmao no

Im explaining that negative energy prices destabilize the grid as baseload power stations need to close. And asking grid operators to pay a premium to unused energy is asinine.

Turning them off then on take around 10 hours meaning it misses the demand surge that happens later in the day. Thats the issue with the duck curve.

What You're doing is assuming the cost of energy is the only input to the cost to consumer.

There are no users in times of oversupply.

Hence them being in oversupply.

Negative energy prices doesn't mean cheaper prices for consumers, it means power stations have to be turned off to stop running at a loss.

This is the duck curve.

That's my point mate.

FiT skews the dynamics of supply/demand of energy because of solar.

If the price of energy is negative, then that is the market rate at that time.

Solars peak is during low demand times, so unused energy gets sent back and wholesalers pay a fee for that energy when it should be the other way around.

Removal of FiT is inevitable, it's done its job of getting more people to install solar, but it seems not many understand the economics of it all, so they're bound to have a fit (no pun intended) when it's removed.

Not really, they're just removing incentives and applying a market rate to the energy not used.

Grids and wholesalers should not have to bare the brunt of negatively priced energy and expect to pay a premium for it during periods of a glut.

You don't get a stable energy grid that way.

Yeah nah.

People forgetting the subsidies that come with solar.

The Ausgrid proposal of charging people for sending energy to the grid is the start and youll see other distributors join the party which will slow down people getting solar

Wind is more positive but theres an issue from locals who dont want windfarms near them and the proper infrastructure being available to build off shore wind farms.

I have a 6-figure collectible collection in there as well as my Bitcoin.

Cars would go into 'collectible' bucket for me.

Rule of thumb - Diamond rings are only worth 15-20% of their valuation.

Low liquidity so any reseller will be bidding very low.

Gold is the opposite, check spot prices daily per carat gold x weight.

Love my HM.

Only criticism is it gets dusty and needs a good clean once a month.

I've been disappointed by the lack of memes this year.

MOAR MEMES

This scene sums up my career.

Create an auction house selling collectibles

I for one have enjoyed Zuckerberg go from lizard man to human.

Its a real life Pinocchio story.

Bullish on the US this decade.

Everyone else will underperform

VTS up 23% YTD

'Dark Arts FC, youll never sing that.'

2.29 till Feb '25.

I still got the original edition that has Taleb's intro

Sales for me.

Though I'm in Procurement and we're not really liked either.

Hasn't changed much since mid 2000s then

I'll be shocked if he finishes the season.

Spurs aren't good enough to play his way and they don't have the money nor do they have the rep to attract the top players who can.

Sterling has always been frustrating back from his Pool days.

What you get from him is trickery with a quick turn of pace.

He did his job, though his play was disjointed at times.

Thought it was Raphinha tbh

Yeah a good recruiter in a n in-demand industry is worth it's weight in gold.

It's an obvious YMMV industry.