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by corty
1972 days ago
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That is full of broken assumptions and excuses. Bitcoin mining drives up the cost of those "waste" energy forms. Excess hydro capacity can be used for electrolysis to hydrogen, hydrogen can also be produced from flared gas. Which can then be used to produce low-carbon-emission steel with hydrogen as a reduction agent. Bitcoin mining makes all that more expensive, less likely and risky, because setting up a few miners is quick and easy. Running a steel mill or electrolysis plant is expensive and longterm. Too risky if bitcoin miners might buy all the cheap intermittent power you planned with. |
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Your argument boils down to: why aren't people doing this uneconomically viable thing that I think is better than this other economically viable thing.