Cryptominers are sensitive to electricity prices so they seek to locate their operations where electricity is cheap. Simple logic dictates that they don't incre

Cryptominers are sensitive to electricity prices so they seek to locate their operations where electricity is cheap. Simple logic dictates that they don't increase anyone's electricity price but taking advantage of the cheapest electricity there is. As to "reducing availability": when was this electricity shortage caused by bitcoin miners? It's astounding how easy it is to wage FUD and mis-information campaigns. Someone come up with this utterly idiotic argument of Bitcoin energy usage, it was picked up by the press, mindlessly repeated by people not willing to spend even few minutes dissecting it and now you can't have a HN article about Bitcoin without endless repetitions of this specious argument, which perpetuates it even more.