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Would it make it cheaper? I understood that the initial investment is the main cost factor for renewable energy sources. The full load hours for on-shore wind i

Would it make it cheaper? I understood that the initial investment is the main cost factor for renewable energy sources. The full load hours for on-shore wind in Germany are about 40% of the total hours per year. You would then need 2.5x the amount of windmills to reach 100% This does not count for the fact that thier production is somewhat related (i.e. low wind speeds on all Europ) so you would need an even higher factor. And of course the investment to get to 100% renewables in the energy mix. To compensate for that the electricity would need to rise I think?

wyager 5y ago
Medium term, I’m assuming that environmentalists are more or less correct that fossil fuels, coal, etc. have large uninternalized externalities. Increased electricity demand from any source will almost certainly increase the dollar price of electricity, at least until R&D allocation effects kick in. However, if environmentalists are correct, even if electricity is a little bit more expensive from increased demand, the type of power generation incentivized by Bitcoin will be less costly for society when externalities are included. Long term, increased reliable electrical demand will hopefully lead to R&D that drives the dollar cost of power down as well.