[westurner]

So, it's actually (~$200K-(n_kwhrs*cost_kwhr)) for whoever wins the block mining lottery (which is about every 10 minutes and can be anyone who's mining).

But the point about Bitcoin maintaining demand for and while we move to competitive lower cost renewable energy and greater efficiency is good.

What we should hope to see is the blockchain industry directly investing in clean energy capacity development in order to rationally minimize their primary costs and maximize environmental sustainability.

[doppel]

It is kind of missing the point though. If everyone was competing to make electrical single-person planes to help people commute to work it would also increase demand for renewable/electrical energy - but can we agree, that just using electrical cars instead of planes is going to take a lot less electricity overall?

[westurner]

Yes, and then energy prices would decrease due to less demand. Blockchain energy usage maintains demand for energy; which keeps prices high enough that production of renewables can profitably compete with nonrenewables while we reach production volumes of solar, wind, and hemp supercapacitors for grid storage.

> Throughout the first half of 2008, oil regularly reached record high prices.[2][3][4][5] Prices on June 27, 2008, touched $141.71/barrel, for August delivery in the New York Mercantile Exchange [...] The highest recorded price per barrel maximum of $147.02 was reached on July 11, 2008.

At that price, there's more demand for renewables (such as electric vehicles and solar panels)

> Since late 2013 the oil price has fallen below the $100 mark, plummeting below the $50 mark one year later.

https://en.wikipedia.org/wiki/World_oil_market_chronology_fr...

... Energy costs and inflation are highly covariate. (Trouble is, CPI All rarely ever goes back down)