3 ms·
The theory is very straightforward. Miners consume electricity. Solar, wind and geothermal are the cheapest energy you can find, and their cost continues to f
by coralreef 6y ago
The 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.