> that renewable energy is prevented from going into the grid and offsetting fossil-fuel power plants
I’m not sure that’s how energy markets work… do you have any further reading? I’ve heard generally miners buy the cheapest electricity possible—typically oversupply that would otherwise be curtailed.
I don’t understand why Bitcoin mining is incompatible with emissions reduction. It sounds like an additional source of demand may make economical plants that otherwise could not be built.
I’m not sure that’s how energy markets work… do you have any further reading? I’ve heard generally miners buy the cheapest electricity possible—typically oversupply that would otherwise be curtailed.
I don’t understand why Bitcoin mining is incompatible with emissions reduction. It sounds like an additional source of demand may make economical plants that otherwise could not be built.