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If you're using up renewables that would be used by other energy consumers, you've probably just pushed a bunch of them onto non-renewables. Is that actually go
by kevingadd 5y ago
If you're using up renewables that would be used by other energy consumers, you've probably just pushed a bunch of them onto non-renewables. Is that actually good? Maybe some % (20%?) of those customers will simply opt not to do whatever power-consuming thing they were going to do, but the rest...
- bradwood 5y agoYeah. But most BTC miners are energy buyers of last resort. Sucking up the dregs at the cheapest possible price. They aren't "using up" renewables. In fact, often it's this consumption that makes the renewable enterprises viable.
- t0suj4 5y agoI've heard that some bitcoin miners get started when there is an oversupply of energy to burn the excess power. I think this is the direction bitcoin mining could take.
- Yizahi 5y agoSure, you can start mining when there is an oversupply of energy. But why would you ever stop mining? Idle mining is a waste of money, so it will be running 24/7, and everyone else will need to conform and change their energy usage.