Not cheap. The people I know in Texas tell me that their electric bills have doubled or tripled since deregulation.
Not reliable. The biggest issue in the current Texas gubernatorial election isn't the economy or immigration or the environment. It's the failure of the power grid last year that led to the deaths of hundreds of people, and how the state has allowed the companies responsible for the failure do little or nothing to fix their problems.
If you can't make goverment pay for energy produced by excess wind and solar thrn greedy bitcoin "investors" are next best source of cash.
It's just a lie.
BTC provides demand for cheap energy not for renewable.
And it consumes the demand. It doesn't create this demand for others.
You use that peak energy to create heat, charge a battery or do similar things.
You can easily create hydrogen.
But using it for searching for a hash is the worst idea.
If you would be able to use the heat output sure that could work but let's someone do that first
Until then doing anything else with this energy is critit!
So you have two options really. Either partially sponsor your windturbin with bitcoins you'll mine with it or not build the turbin at all.
The current problem is not how to utilize every bit of excess energy. The current problem is where to get the money from to build capacity that will at time generate excess that is hard to transport away from the power station.
We already have plenty of renewable energy which is cost effective.
We don't need Bitcoin to balance this out.
And Bitcoin doesn't just consume the excessive energy, it consumes all of it as long as it is cost effective to consume it.
Not running your Bitcoin farm 24/7 is not effective.
Bitcoin is not supporting energy production.
A deeper dive: they aren't renewable, they're at best rebuildable: https://www.youtube.com/watch?v=qYeZwUVx5MY&t=2682s - (Dr. Nate Hagens - Earth and Humanity: Myth and Reality - Myth #21: Renewables Can Power THIS Civilization)
I find your YouTube video neither insightful nor informative. It reads as a string of desperate attempts at gotchas, only possible by repeatedly moving goalposts and misrepresenting positions, which are at best immaterial to the discussion.
I mean, the main point the YouTuber made against renewables is that different energy generation and distribution methods have different properties. Who exactly is expected to take seriously this blend of simplistic fatecious line of reasoning?
It really makes no difference what's the youtuber's opinion on renewables. The point is that the arguments made by the YouTuber are completely pointless and meaningless, and completely miss the whole point -- and radical improvements -- made over the total dependency on fossil fuels in general and oil in particular.
This video is a classical case of something that's "not even wrong".
If anyone has any interest in the subject, they'd be better served by reading/watching anything else.
Texas power grid sounds very good: cheap and reliable.
Ah wait wait we talk about searching for arbitrary hashes which can't be recycled or actually used in a state which probably needs AC in summer and an independent unstable power grid in a time were every additional CO2 generated creates even more pressure for our society.
Perhaps not such a good idea?
Perhaps we should not let BTC consume solar panels and renewable energy and use it for things we actually need?