3 ms·
Blackouts are not caused by Crypto (or any other) energy consumer. Blackouts are caused by the perversion of market forces (more demand —> higher prices —> low
by pjkundert 4y ago
Blackouts are not caused by Crypto (or any other) energy consumer.
Blackouts are caused by the perversion of market forces (more demand —> higher prices —> lower consumption + increasing supply), and politicization of production (force suppliers to build inferior/riskier supply).
Source: I live in an energy super-power (Alberta), and I and many friends have worked in this field for decades.
You are experiencing incompetence at industrial scale.
Don’t blame a few ASIC miners that can be shut off in a couple minutes. Blame your elected meddling incompetents bumbling their way to freezing you and your family in the dark.