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Even if all of Bitcoin uses renewables, that's demand for renewable energy that drives prices up, which will lead other energy consumers to either pay more or p
by raziel2p 6y ago
Even if all of Bitcoin uses renewables, that's demand for renewable energy that drives prices up, which will lead other energy consumers to either pay more or pick less expensive non-renewable energy sources instead.
- peteretep 6y agoI don’t think power markets are that fluid in most of the world
- lucb1e 6y agoIf energy demand suddenly halved, I do think we would choose to turn coal plants off before solar panels. Of course Bitcoin isn't half of any country's energy, but proportionally it works the same way. There is no reason not to turn it off except some daredevils' get-rich-quick scheme falls apart.