>Miners buy cheap energy; clean energy infrastructure gets profitable return.
This true in China where most mining happens?
This true in China where most mining happens?
That said, lets take a first principles approach.
- Miners want low cost energy.
- Renewables are the lowest cost energy.
- Miners are not restricted geographically (can mine anywhere cheap energy is, beam bits through satellite internet).
- Cost curves of renewable energy look very promising.
- Social trends and political trends look very promising.
If you believe in efficient markets, then it should be obvious as to what the next 10 years of energy production (and Bitcoin mining) look like.
https://www.aljazeera.com/news/2021/2/8/china-to-build-the-w...