Everyones looking for a simple solution in Crypto. Everyones looking for a simple argument. However as whole nations including UK, we have forgotten how to think.
We’ve forgotten how to say. Hold on a second. yeah ok I’m busy everyone is busy. But does this make sense. Is this real? So we look at Bitcoin and we’ve got this huge amount of low cost energy. That it uses via the sun. Or wind. and we got energy that would normally get wasted in the oil and gas fields. They just flare the gas i the USA. Now bitcoin is going in their and using that gas instead of it being flared.
If you look at it logically. You say oh, hold on a second. Bitcoin miners are always incentivised to find the lowest cost energy. The lowest cost energy right now is renewable energy and stranded energy and wasted energy.
Stranded energy is their, in a town in the middle of no where. We build a power plant for that town. It’s only using 50% of power that we supply. Another 50% we got to throw away or let it go into the ether. As their is not another town close enough that they can ship it to nor send it to. Transverse is not possible…
In a situation like that you have a Bitcoin mining facility their. Put in place and installed. They use all that energy that’s going to be generated anyway. This is putting what would be wasted energy to good use.
Peace, love and Joy
Namasté