Quote:
Originally Posted by Wayne 962
I call BS on that. The only way that would / could happen was if they were installing new electricity *generation* capability as part of the construction of the site. Otherwise, they are just taking existing electrical supplies off of the grid. As far as I know, there is no "excess" electrical capacity just sitting around in Texas - if you "take" the power from somewhere else, replacement energy will have to be generated using traditional carbon-based methods.
I invite someone to argue the opposite, perhaps there's something I haven't thought of...
-Wayne
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I think more demand for green energy can only be good for green energy production in the future. If BTC mining (or any industry) pushes green energy demand that is only a good thing long term and probably the most efficient and quickest way to transition to renewables.