BTC mining makes reneweable energy cheaper

in #bitcoin7 years ago

Bitcoin mining thrives on transforming illiquid wasted electricity (already overproduced) costly, hard to transport, and unpredictable in supply (e.g. hydro, wind and solar) into liquid censorship-resistant digital gold you can private export. Transform energy into money

image.png

BTC mining makes reneweable energy cheaper:

Build a Hydro dam/Wind Farm/Solar Farm, you producing electricity unpredictably according to random elements. Inconsistent demand + inconsistent supply + centralized grid = terrible costs/inefficiences. Electricity surply=illiquid.

Can't move ⚡️surplus out? Bring miners in! This allows renewable energy produces to better plan, reduce costs, increase demand, but also off-set peak production and low-demand discrepencies.

This is their MAIN drawback over coal and nuclear which are stable/predictable

By lowering the risks and costs of renewables, and also providing an outlet to incresing monetization of previously wasted assets (energy given from nature at low-consomption times), Bitcoin mining incentivises the production of renewable energy over oil/gas/nuclear.

Sort:  

btc is the best money in the world and did last correction ready to the moon it has huge support