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Electricity 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
by coralreef 6y ago
Electricity 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.