Is it possible to have a climate-friendly variant of bitcoin where miners can only operate using negatively priced electricity (surplus from renewables)? They'd then mostly have the effect of making it more economic to increase the contribution of renewables to base load.
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Lots problems with this. Still, an amusing idea, and if it could be made to work would address two big problems simultaneously.
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(Context for all this: a huge problem with renewables is that they can be difficult to turn on and turn off. Both California and Germany, which have large renewable components to power, often have to pay other regions to take power off their hands, lest it overwhelm the grid.)
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I'm imagining the utility company keeping a public blockcoin of those transactions, and then sending you a private key with your bill. And then the secondary market of selling transaction tokens that non-miners accumulate, to miners on non-renewable power...
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