Re:Ethereum will use around 99.95% less energy post merge
by doggosphere on Tuesday May 18, 2021 @01:27PM
(#27198063)
Electricity has higher economic value due to miners seeking to maximize profits.
This makes investments in renewable energy infrastructure more profitable and paid off sooner. A solar farm has more demand and higher margin for its products.
On the other hand, it means cheap coal energy is also financially productive.
What is anti-economical is the unfair price competition due to externalities not captured by coal energy's pricing.
This makes investments in renewable energy infrastructure more profitable and paid off sooner. A solar farm has more demand and higher margin for its products.
On the other hand, it means cheap coal energy is also financially productive.
What is anti-economical is the unfair price competition due to externalities not captured by coal energy's pricing.