RE:RE:RE:RE:What is more profitable with gas prices at current levels?Some power companies are mining bitcoins, especially the one like JOY. Even majors are in to it.
Justhalffull wrote: I agree switching the power plant off and on is not a simple process. And they did generate $1,091,000 in revenue with just $363,000 in expenses during Q2 2021. And this while the plant was only operating at 68% capacity due to upgrading taking place. So we can expect an increase for Q3. However, the realized price for NG in Q2 was about $3.02 mcf. Prices now are near $5.50. So the simple question to start with is how much ng does the power generation unit consume. That would likely give you a real good starting point.