Comment by awrence

It also demonstrates a basic lack of understanding of how the energy markets work and how as just about the only intermittent buyer of last resort, proof of work is about to positively impact the energy infrastructure in a pretty substantial way and will probably converge on tapping into exclusively stranded / wasted energy (about 30% of energy production vs less than 0.1% of global production used by pow today). If anyone is genuinely interesting in educating themselves on the topic I'd recommend the two fairly recent episodes of What Bitcoin Did with guest Harry Sudock.