Earlier quoted context omitted.
any infrastructure dedicated to the mining of crypto is opportunity cost. Even if you use renewables, that energy could instead replace traditional energy sources which could be turned off. This is an example of Jevon's paradox, namely that increases in efficiency or quality are offset by increases in demand. It's one of the reasons why we have globally barely made a dent when it comes to the increase of renewables a…
> that energy could instead replace traditional energy sources which could be turned off. This is not true. Often, renewables aren't available to some locations but abundantly available in others. Other times, some people buy electricity from renewable providers and others don't. With 50-75% of Bitcoin mining being renewable, one thing is clear - it's helped the adoption of renewables and made them cheaper.
Miners are chasing profit margin so they'll use whatever's cheapest. If that's renewable where some of them are, so be it. And if everyone else start reducing use of coal and that becomes cheap, miners who exploits that to derive higher profit margin will grow faster I imagine.
I would attribute growth and economies of scale that renewables have achieved to renewable proponents, industries, government subsidies and loan prorams. Crypto miners are energy consumers and some of them use renewable energy. But how do we go from there to miners being some kind of force for good in this context?