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RNDaly83 /
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2024-03-10 15:43:54

RNDaly83 on Nostr: Hi Daniel, really enjoyed your speech in Madeira and showing how methane mitigation ...

Hi Daniel, really enjoyed your speech in Madeira and showing how methane mitigation could turn the Bitcoin network carbon negative, more people need to be hearing this for sure.

However, my concern with renewable energy like wind and solar especially in the US is that they are only competitive due to government subsidies that taxpayers/consumers are ultimately paying for, even if there energy bill appears cheaper?
Why did Brad Jones, former CEO of ERCOT say that “Bitcoin miners keep the price of energy low for all Texans”

Three main ways. Bitcoin mining:

1. Uses surplus renewable energy that otherwise grid owners have to pay renewable operators to curtail

2. Provides a more competitive marketplace for demand response, driving down the overall cost of ancillary services to grid operators

3. Provides additional revenue to grid operators, increasing their profitability and reducing need to increase prices.
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