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The excess solar panels won't be built if there isn't demand for them. PoW mining creates that demand

• mort96 4y ago
  So we have two possible worlds: 1. We build 1TW of solar panels, PoW mining uses that 1TW to do useless work. 2. We don't build 1TW of solar panels, and don't do that additional 1TW of useless work. Worlds 1 and 2 have the same impact on the electricity grid. But in world 1, we're emitting a whole lot of CO2 and consuming a whole lot of rare materials to build solar farms and electronics, while in world 2 we don't. Clearly world 2 is better for the environment?
  • joshspankit 4y ago
    What if world 1 meant that for the cost of 1TW of useless work we created the infrastructure to build 30TW at $0.001 per Watt?
    • ElectricalUnion 4y ago
      Unless some very serious technical breakthroughs happens in more efficient manufacture, energy capture efficiency and energy storage, by the point that around 1% of Earth is covered in solar panels, Earth probably ran out of "useless" land space and materials to make solar panels and the associated infrastructure to actually use said energy to something useful.
      • gnaritas99 4y ago
        That's rather the point; tech breakthroughs happen when there is a drive to achieve something, increased demand for solar causes that pressure to strive and thus increases the likelihood of innovation. The more panels that are built, the better we get at building them, innovate, repeat.
        • ElectricalUnion 4y ago
          Except this is not a demand for solar, just for cheap energy - it just happens to be that solar is cheap sometimes. If solar happens to not be cheap, very sustained, increased demand for non-solar sources increases the likelihood of non-solar success.
          • gnaritas99 4y ago
          • joshspankit 4y ago
            Solar is already the cheapest source of energy ($0.03 to $0.06 per kilowatt-hour), and it's getting cheaper by the day.