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The economics of geothermal are often unfavorable for consumer/industrial electricity production. Bitcoin mining is unique in that provides a consistent consume
by wyager 5y ago
The economics of geothermal are often unfavorable for consumer/industrial electricity production. Bitcoin mining is unique in that provides a consistent consumer for electricity at a reliable price 24/7.
The long-term effect of Bitcoin mining will probably be to subsidize the creation of reliable constant-output power sources like geothermal and nuclear, with some of that capacity being used for consumer/industrial usage during peak hours.