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In one word, externalities. Bitcoin is helping reveal that externalities have never been properly factored into electricity prices in the USA. In other words if
by everfree 3y ago
In one word, externalities. Bitcoin is helping reveal that externalities have never been properly factored into electricity prices in the USA. In other words if you purchase too much electricity at market price, you're using more than your "fair share", which should be impossible in a properly functioning market.
The simple solution of course is to just tax industrial energy use properly, no matter what you're using it for. As you start using so much energy that you're putting real strain on the grid, your energy taxes should go up asymptotically to the point where if you keep paying, the government can afford to meet your energy demands with renewables construction.