BITCOIN WILL USE ENERGY AND IT DOESN’T NEED TO BE RENEWABLES

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As you freaks may know, I believe many in the North American bitcoin mining industry are making a long-term strategic mistake in their attempts to appease the climate hysterics of the world by pointing to the fact that many bitcoin miners leverage renewable energy and that it will help “phase out” fossil fuels over time.

It is true, many bitcoin miners are taking advantage of artificially low electricity prices driven by massive subsidies provided to “green” energy sources like wind and solar across the U.S. However, the people who are driving these miners to bend the knee and stumble over themselves to collect data and write letters with a bunch of signatures from big industry players will never be satisfied. The mining industry could have an energy mix of 100% “renewables” and the hysterics would find a way to move the goalposts. In fact, they are already starting to do that.

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