Re:WallStreetBets members adopt 3,500 gorillas in six days
by colinmhayes on Thursday March 18, 2021 @01:48PM
(#26505412)
Energy is fungible. Bitcoin using renewables just means that other electricity consumers are using fossil fuels.
[ Parent
| on HN ]
Re:WallStreetBets members adopt 3,500 gorillas in six days
by thebean11 on Thursday March 18, 2021 @02:39PM
(#26505974)
Energy is extremely difficult and expensive to store, it's not fungible over a time period. This is why energy rates fluctuate during the day. It's also not fungible between consumers not connected to the same grid.
When generating energy (either with fossil fuels or renewables) energy is often wasted because there is no immediate consumer or way to store it.
What you say _can_ be true, for example additional consumers of energy on the national grid, during times of high demand, will likely result in more energy production. It is not true as a rule though.