Usually, the & #39;assume the only integration tool for renewables is a battery& #39; gambit is used by opponents of renewables.

Here, it& #39;s used by pro-Bitcoin folks to try and carve out a grid function of massive, always-on demand sinks generating profits rather than social benefit. https://twitter.com/yassineARK/status/1384912169884602378">https://twitter.com/yassineAR...
The trick lies in this specific assumption: the only two options available in their model are "Burn through power to make profit" or "store it inside a lithium ion battery".

Demand response, transmission, hydrogen production, hydro pumping etc don& #39;t feature.
The economics of grid integration for both solar and wind are solved problems. They *stay cheap* even when you pay for the tools needed to integrate very high quantities of wind and solar in grids.

https://reneweconomy.com.au/the-modelling-that-helped-morrison-win-in-2019-was-based-on-ludicrous-assumptions-78539/">https://reneweconomy.com.au/the-model...
Anyway, good on them for sharing the model. Around half the total solar power goes to making brettcoins and the other half goes to serving electricity demand

But in a real-world power system, fossil fuels would be present: fossil fuels that should be displaced by the solar power
This is a constant theme I& #39;ve been seeing: "The FUD has been debunked! Bitcoin ISN& #39;T boiling the oceans!" - but the refutation is a *theoretical* future potential, not a real-world measurement. https://twitter.com/yassineARK/status/1384912169884602378">https://twitter.com/yassineAR...
Why isn& #39;t there a real-world example of a Bitcoin mining facility verifiably flexing their demand relative to the output of wind and solar? The technology is ten lines of code.

It hasn& #39;t happened already because no Bitcoin miner wants to fall behind in the competition for more $
If this was a humble thought experiment it& #39;d be interesting.

But other core commonality here is this incredible tendency for massively over-excitement and totally unjustified confidence. "Turned the tables"? Come on....... https://twitter.com/milessuter/status/1384901081390538753">https://twitter.com/milessute...
tl;dr: if you assume that nothing exists except bitcoin, solar and batteries, you can earn cash by burning through power to manufacture money.

IRL: electricity systems are undergoing a transition from dangerous to safe, and any diversion from that = more danger
Anyway. https://twitter.com/energywebx/status/1384577393449324549">https://twitter.com/energyweb...
One more bit - this is other critical failure point for the analysis.

Renewables are not held back because the generation profile doesn& #39;t match demand. They& #39;re held back by the incumbency of fossil fuels, and gov failures to orchestrate rapid transition https://twitter.com/sqcrypto/status/1384901046347108353">https://twitter.com/sqcrypto/...
Bitcoin does not incentivise renewable energy.
Of all the greenwashing that& #39;s coming out of the firehose this week I think this is the one that& #39;s going to drive me the most up the wall
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