>How is Bitcoin a boon to renewables? It isn't, but it could be. If we had proper taxes on carbon emissions; The cheapest power would always be from renewable

>How is Bitcoin a boon to renewables? It isn't, but it could be. If we had proper taxes on carbon emissions; The cheapest power would always be from renewables, bitcoin miners would invest in renewable energy which would make it cheaper in the long run as mass production scales with demand. Energy efficiency is not important in carbon neutral energy production, and in fact can stifle development and raise prices making fossil fuels more attractive.