oh huh it’s really happening. I’ve been trying to work out the effects of this for a while - bitcoin will always be more profitable than curtailment, but supply

oh huh it’s really happening. I’ve been trying to work out the effects of this for a while - bitcoin will always be more profitable than curtailment, but supply and demand should push the cost of bitcoin down below most other uses of electricity... except in places where the generators are distant from other kinds of capital. But some of those bitcoins will probably go towards buying other kinds of equipment by the power company? (direct air capture to high value molecules, eventually, I hope.) If the cost of utility power gets inflated, more people will buy solar panels.... lowering demand? It’s complicated!