LynAlden on Nostr: This is why ultimately it’s price that is important. Price is the economy’s true ...

This is why ultimately it’s price that is important. Price is the economy’s true communication system, per Hayek.

And not just price per some theoretical energy unit at a time when you don’t want it or need it, but the price of power specifically when and where you want it or need it (ie base load or storage).

It’s true for all energy usage. For any energy source that is not cheap in practice, it’s usually (although not always)* because it’s also more environmentally intensive than we imagine as well.

*Nuclear power gets a lot of cost added to it from regulatory issues.

quoting note16u6…zvr3

Carbon emissions from Bitcoin mining's grid mix are not cut & dry

Better data will shake things up - eg 👇🏼 - & further studies are needed on heat recovery & methane capture & combusion



Sources of nat gas vs solar PV: https://twitter.com/shellenberger/status/1683465170943614977?t=FfcDpd1--MulwtU1OKZlxw&s=19