Bitcoin mining is a unique kind of energy consumption. If bitcoin turned off tomorrow, you could NOT just take the energy being “wasted” and power a third world country. It’s extremely easy for bitcoin to utilize the kind of energy that exist at the fringes of the grid, that’s hard to store anyway, like solar and hydro.
In fact, it will likely be an economic driver of clean energy long term, since energy costs are the #1 biggest expense of miners. Imo the more capital directed to changing sunlight into bitcoin, the better.
Bitcoin mining is a unique kind of energy consumption. If bitcoin turned off tomorrow, you could NOT just take the energy being “wasted” and power a third world country. It’s extremely easy for bitcoin to utilize the kind of energy that exist at the fringes of the grid, that’s hard to store anyway, like solar and hydro.
In fact, it will likely be an economic driver of clean energy long term, since energy costs are the #1 biggest expense of miners. Imo the more capital directed to changing sunlight into bitcoin, the better.