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Originally Posted by Wayne 962
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So these are old coal plants, converted to natural gas in the past, now partially used to mine BTC while partially used to power to the grid when needed correct? I don't see how this supports your viewpoint anymore than mine. How do these three plants which are still on the main grid supplying power while mining when the grid power is not needed argue that BTC doesn't spur clean energy? It says right in the article they purchase voluntary credits and a portion of revenue goes toward renewable research. Also in the article it says one of the companies has been operating a hydro plant for years for mining. Also didn't you say earlier there is never excess power? Because it seems this article suggests their is, I mean of course there is since we have peak power hours and energy is very difficult to store.
https://nymag.com/intelligencer/2021/05/jack-dorsey-says-bitcoin-is-climate-friendly-is-he-right.html
https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlTt7QK/e7bcba47217b60423a01a357e036105e/BCEI_White_Paper.pdf
Solar and wind are competing to be the cheapest form of energy production in most of the world, that is a fact. Logically I dont see how you could argue then that BTC would not move to the cheapest form of energy long term.