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Electric power is fungible. Any renewable power used for Bitcoin is power that cannot be used to offset carbon emissions.

• cwkoss 6y ago
  It is not. Transmission is not perfectly efficient, so location is extremely important. Hence why energy markets have varying prices in varying locations.
  • _Microft 6y ago
    Location is somewhat important. Losses in a high-voltage direct current power line are around 3% per 1000km.