[mempko]

I think there is a huge tail risk that Ray Dalio missed about bitcoin.

https://cbeci.org/

It's incredibility energy intensive and as the world works towards reducing the our impact on the climate, it's possible energy can get too expensive to operate a bitcoin farm mining farm. Or governments decide that using precious electricity production on hashing blocks is the same as other forms of pollution and regulates it away.

[mastermojo]

In the free market people will mine bitcoin if it's profitable. That is, if bitcoin is valuable enough and if energy is cheap enough and if the overall network hash rate is low enough.

Any changes to network hash power, bitcoin prices and energy cost may cause miners to scale down operations and lower overall network hash. Then at a certain network hash rate it will become profitable again.

[coolestguy]

Miners are incentivized to use renewable energy because it's cheaper and impacts their profit margins considerably.

Is energy use a concern when you're primarily dealing with solar/hydro power?