3 ms·
The push to use clean energy for Bitcoin will ultimately lead to the increase of clean energy and lower costs of it for all, especially, for out of the beaten p
by WheelsAtLarge 5y ago
The push to use clean energy for Bitcoin will ultimately lead to the increase of clean energy and lower costs of it for all, especially, for out of the beaten path locations. It might seem like a waste of energy but all technologies look like wasted effort until they are not.
This is a great example of the transition happening. Coal --> gas --> Solar? Nuclear? Hydrogen? ...
I think we are about to pass the tipping point of Bitcoin being around until money is no longer needed. There will be a time when Bitcoin will be expensive enough that it will be profitable to build a Solar Power plant to mine Crypto in the middle of the desert with nothing else around. I bet it will be in a bit over 2 generations, 40+ years.
This statement is from someone who used to think that $10.00 was a crazy amount to pay for Bitcoin.
- Scoundreller 5y agoWhy would you build that solar power plant there when you can build them on the grid itself? The investment sell I've been seeing lately is to burn stranded natural gas (that would otherwise be flared) in generators that would power a crypto mine. That also gives you 24/7 runtimes without needing energy storage systems.
- WheelsAtLarge 5y ago>>"Why would you build that solar power plant there when you can build them on the grid itself?" My point isn't that they will be built in the desert but my point is that if they can be built there then they can be built many other places where it's not profitable now.