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> In theory if all btc miners used only renewables, the price of renewables would drop, and become more affordable for others, and the net impact on the environ
by anoncake 6y ago
> In theory if all btc miners used only renewables, the price of renewables would drop, and become more affordable for others, and the net impact on the environment would be positive.
No. If demand rises, so do prices. Not the other way round.
- albertgoeswoof 6y agoNot if your goods are infinite. There’s an infinite amount of sunlight and wind, if demand goes up, more tools/breakthroughs in tech will be made and the costs will drop dramatically. See battery tech and solar panels lately. Only if we hit a hard resource and tech barrier will we not be able to move forward.
- anoncake 6y agoEven if we assume sunlight and wind are infinite, the labour needed to harness it is not. Else energy would be free by now.