1300 sats \ 2 replies \ @mallardshead 12 Sep 2023 \ parent \ on: “Climate” vs Environmentalism bitcoin
Wind and solar provide 30% of all of Texas' electrical power on any given day, on average. That number has gone up every year for a decade, and will go up faster with ERCOT's plans.
There's a bunch of reasons why bitcoin miners love the state so much, and one of them is that cheap flexload energy from wind and solar. You're going to tell us 2 freak weather events on an independent grid (Texas is the only state with its own grid) should disqualify the sun and wind from providing energy, which on average has helped create bills cheaper than half the US states? Baseload is still important, but its share is slowly being whittled away relative to any population or industrial growth.
You said my power-gen setup doesn't scale. That's not how it works though. It scales for every individual house, even some businesses, That means these properties are no longer drawing energy from the grid, and in most cases, are sending their excess power into the grid.
  • Speaking of Texas previously, the newest and most expensive energy project is the AES green hydrogen production facility that's powered by wind and solar. Again, it's a Republican state, follow the money and data, not the twitter or podcast political shills.
  • GERD (Grand Ethiopian Renaissance Dam) is a single piece of hydroelectric infrastructure that will provide more than 80% of the country's entire electrical demand, and lift half the country out of poverty. There's nothing intermittent about hydroelectric power, it functions as the best baseload energy source and is cost effective.
  • NEOM (the $500B Saudi mega-city project) will have the world's largest green hydrogen plant.
  • All the integrated oil majors (Exxon, Shell, etc) agree with the IEA that gasoline demand in the US peaked back in 2018 @ ~9m bpd. And get this, the refiners don't want to refine oil for gasoline and diesel anymore, but focus on petrochemicals for unrelated industries (petrochem is the only thing I'm invested in besides BTC).
Why is all this happening? Looking at the energy economy, don't you see the trends?

There's a fucking energy transition taking place dear @Sudonaka!

Follow the money and data, they'll tell you the story. Fuck the nonsensical political noise, god damn man, how do I get this into you?
You're looking at the world and green energy prices in snapshot, not over the x-axis (time). If you did, you'd see this leading into covid:
https://imgprxy.stacker.news/pN7VBb3PcBFKa1FTTvITpqSUfJkPZLKAX-plntwq6UA/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pbWFnZS5ub3N0ci5idWlsZC9hYjE2NzczZTg2MDE3MzY5YjgyMDQyOWQ1MzRjMmRmMWY3YmM3OGExZDc4NjE3YjRhNjZhZmZmN2IzYTVlNmM2LmpwZw
Green energy per megawatt hour is collapsing, it's done this since covid:
https://imgprxy.stacker.news/X3AkIlMvHzkh3sIlbiaaezy9zFiFuJuB_I5tATLj92c/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pbWFnZS5ub3N0ci5idWlsZC8xYzAyNTMwZTllOGY5MzRkMGFkNGRhYmM0ZTEwY2I3MDJhNDBmNjVmOTJjOGVkYjA3ZDQzNWYzZDNkODM4MmUxLmpwZw
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There's no way oil and gas will directionally compete with what the sun, wind, and water can do. Early innings, but we're making some real progress.
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1000 sats \ 1 reply \ @sudonaka OP 12 Sep 2023
You continue to accuse that my post was politically motivated without any reasoning or proof.
I am not suggesting we dismantle anything built so far or that government does anything at all actually. Let the market decide.
Yet you somehow assume anyone not panicking about boiling the oceans is a right wing conspiracy theorist.
Try rereading my original post and what the 1600 scientists have to say about your totalitarian and frankly genocidal delusions.
Good day.
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0 sats \ 0 replies \ @mallardshead 12 Sep 2023
Ok fair point, but my reasoning and proof are perhaps your previous posts on various topics. Yes, maybe this is bias on my part. My point in saying follow the money, is to your point of letting the market decide, which I believe it has, and pretty clearly. I'm happy to take the points you offered and include them in my worldview. I'm always willing to update that as circumstances demand. It's always a pleasure talking and arguing with you. Now here's the original 1000 sats. Don't be rude, accept.
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