The implications of bitcoin’s difficulty adjustment are going to rock their world. Even though I don’t agree with their argument, I’ll concede bitcoin consumes “a lot” of energy.

But where their argument falls apart is that the difficulty adjustment creates an incentive to use wasted, curtailed, and stranded energy. Mining with $50/MW won’t be profitable in the near future. Eventually, $20/MW won’t be profitable.

Modularized mining 1-10 MWs at a time is going to revolutionize energy production and consumption.

All while doing it WITHOUT competing against base-load retail and commercial power applications. Bitcoin mining is purely complimentary.