I think the flaw in this is that crypto mining will take place regardless of whether the source of the electricity is green or not, and regardless of whether th

I think the flaw in this is that crypto mining will take place regardless of whether the source of the electricity is green or not, and regardless of whether the electricity is excess capacity or not. Crypto mining is a business; they may find it beneficial to mine during both peak and off-peak hours, and they're unlikely to care whether the electricity is coming from wind or coal, so long as it's cheap enough to turn a profit. So as a side effect, yeah, it may make building new renewable sources more feasible, but it's a big shotgun and there's a lot of collateral damage.