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Electical power is fungible and an increase in demand for any power increases the profitability of all existing sources of power including coal, reducing the ra
by variaga 6y ago
Electical power is fungible and an increase in demand for any power increases the profitability of all existing sources of power including coal, reducing the rate at which fossil-fuel power sources will be replaced.
The idea that consuming more power is good for the environment is not supported by the evidence. Or any evidence.
- coralreef 6y agoElectricity product from a coal plant vs a solar farm is the same, but its costs are not. The cost per kwh from a coal plant has not changed in 10 years. Solar has seen massive reductions and is cheaper than coal. Consuming more solar power is gives more profit to the solar power industry. I'm ok with that.
- TomSwirly 6y agoThis is delusion. Solar power is 1.7% of the world's electricity. Increasing electricity consumption will increase all forms of electricity production. I believe you don't even think about what you're saying. You start with the premise - "More energy consumed is naturally good" - and then invent an argument around it by throwing words together haphazardly.
- coralreef 6y agoThe theory is very straightforward. Miners consume electricity. Solar, wind and geothermal are the cheapest energy you can find, and their cost continues to fall. Miners are therefore incentivized to increase profit by buying cheap renewable energy. Renewable energy industry increases revenue and can continue to invest in R&D, infrastructure, distribution, etc. of said energy production. Costs go down for producing new units of renewable energy as a result of industry maturation.