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Isn't that just going to bid up the prices for everything else? Historically, subsidising electricity has worked fairly efficiently, because it wasn't possible
by caf 5y ago
Isn't that just going to bid up the prices for everything else?
Historically, subsidising electricity has worked fairly efficiently, because it wasn't possible to effectively store and re-sell or export it.
- conanbatt 5y ago1. No 2. It has always worked the same: people arbitrage the subsidy by doing energy inefficient labor. Bitcoin mining is just a more efficient arbitrage mechanism.