Quote:
Originally Posted by ShopCat
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.
|
But why would more BTC mining push green energy? It's a business like any other, and they will want the lowest price, regardless of it being green or not? It's not like these BTC that will be mined will be special "green" ones? I mean, you could get away with that if you were making "green" consumer products - the customer might pay a premium for that. But these are commodity instruments that are no different from ones mined elsewhere?
I just don't understand the argument that says "mining more Bitcoin will encourage more green energy". There's no reason or incentive for that? The hydro power that the miners have been using in China is used because it's cheaper. "Green" energy is not cheaper here in the states (particularly in Texas), last time I checked...
-Wayne