This article discusses the perspective that bitcoin mining can be beneficial for the environment and energy systems. The author argues that bitcoin mining will trend towards using the cheapest energy in the world, including excess and wasted energy from non-dispatchable sources. They claim that this will improve the economics of renewable energy generation, incentivize the cleanup of waste methane, and promote the electrification of heating. The author also addresses potential counterarguments and exceptions to their claims. They criticize Greenpeace for their negative stance on bitcoin mining and emphasize the need for a rational discourse on its impacts. Overall, the article takes a positive view of bitcoin mining’s potential role in decarbonizing the grid and reducing energy costs.
AI Sentiment: Positive
