I’m really struggling to understand what you’ve written. I certainly don’t feel like my “chain of logic” has been broken. Maybe I just don’t understand your argument. Or maybe I’m just being stupid.
To be clear, I think:
- having surplus (or cheaper) energy is good
- generating relatively more energy through renewable resources is good
- renewable energy is cheaper and so lower energy prices promote renewable energy more (but also reduce the supply in general)
- Current bitcoin mining increases demand and therefore generation and, to some extent, prices while supply catches up
- a drop in bitcoin mining would lead to a surplus of (renewable) energy which I think would be good
Can you help me find what the source of confusion is?
To be clear, I think:
- having surplus (or cheaper) energy is good
- generating relatively more energy through renewable resources is good
- renewable energy is cheaper and so lower energy prices promote renewable energy more (but also reduce the supply in general)
- Current bitcoin mining increases demand and therefore generation and, to some extent, prices while supply catches up
- a drop in bitcoin mining would lead to a surplus of (renewable) energy which I think would be good
Can you help me find what the source of confusion is?