Doesn't Bitcoin shift the demand curve for energy up/right, leading to increased production which becomes profitable from less efficient sources?
This optimist's take on Bitcoin's energy consumption:https://coincenter.org/entry/how-bitcoin-could-drive-the-clean-energy-revolution …
-
-
-
only in a static equilibrium model, innovation makes this dynamic and we've already seen massive gains in efficiency, demand can drive that further
-
also there is no global market, energy doesn't ship with efficiency (huge losses over just miles) all markets are local and bitcoin can make super cheap production in low demand areas profitable (e.g. iceland)
-
8 to 15% even between a typical power plant and its customershttps://blog.schneider-electric.com/energy-management-energy-efficiency/2013/03/25/how-big-are-power-line-losses/ …
End of conversation
New conversation -
-
-
Damn you. This was the column I was going to write. Though, in fairness, you gave me the idea. Now I just have to find a new angle. Anyway, good piece.
-
the more the merrier!
End of conversation
New conversation -
-
-
One could create and animation of Bitcoin mining density on a heatmap, overlapped with a scalar field map of the price of 1 kWh: there would be a decreasing difference between the two.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
The processing power of ASICs is non-local: you can buy new rigs, and ship them wherever you want. After the first few weeks computation can theoretically get uniformly distributed. It isn't because energy price differentials.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This is the first time that I have seen this spun in this light. Thanks for the content.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thank you!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.