But that's true for renewable energy too. Nothing about the two energy sources are different.
Either energy prices are decoupled from mining rewards, in which case reduced prices of either fossil fuels or renewables (or increased price of BTC) means more profit for miners or energy prices are coupled to mining rewards, in which case changing prices of fossil fuels or renewables means nothing to miners.
Please tell me why mining does not incentivize cheaper fossil fuel energy technology in the same way it supposedly incentivizes cheaper renewable energy technology.
> that you ended up so confused
I am not confused. I've heard this argument 1000 times. It is bogus.
Either energy prices are decoupled from mining rewards, in which case reduced prices of either fossil fuels or renewables (or increased price of BTC) means more profit for miners or energy prices are coupled to mining rewards, in which case changing prices of fossil fuels or renewables means nothing to miners.
Please tell me why mining does not incentivize cheaper fossil fuel energy technology in the same way it supposedly incentivizes cheaper renewable energy technology.
> that you ended up so confused
I am not confused. I've heard this argument 1000 times. It is bogus.