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This case seems like an aberration, though? I think the logic goes something like this: bitcoin miners have a huge incentive to find the cheapest power in the w
by Meekro 5y ago
This case seems like an aberration, though? I think the logic goes something like this: bitcoin miners have a huge incentive to find the cheapest power in the world; renewable energy sources are cheaper than fossil fuels and getting cheaper all the time; therefore miners will prefer renewable power.
- endisneigh 5y agoRenewables are getting cheaper and are in certain circumstances but in general they definitely are not cheaper than fossil fuels.
- astrange 5y agoNew renewables are cheaper than new fossil fuel plants. https://ourworldindata.org/cheap-renewables-growth https://ourworldindata.org/cheap-renewables-growth That's enough to eliminate them over time, because the plants do get old eventually. And the trend is for renewables to get even cheaper - this means any study using current prices is going to be extremely pessimistic, it's going to get even cheaper and obsolete your results.
- MrMan 5y agoAt current prices why do they care if it's cheap? Coal seems to make sense for a bitcoin miner