If this is true then the goal is to create a mining algorithm that focuses on being as wasteful as possible.
> by only mining when renewables are producing excess power.
This is simply not true. There is no such thing as excess power, whatever is not used should be stored or sold to other countries.
> (which can be damaging to power grids).
Excess energy production has always been a thing and there are mitigation efforts in place much better than "lets put a server farm that wastes energy"
> I'm not trying to downplay El Salvador's vulnerability to climate change. But actual solutions to climate change - or even just mitigating its effects - is going to require considerable capital and other resources. If using BTC gives El Salvador an economic advantage, then more power to them.
The problem here is El Salvador is basically burning its clothes to keep itself warm. any cryptocoin would've been a better solution. hell even dogecoin would've been a better choice.
This is where we are all headed.
https://www.rt.com/business/524923-iran-bans-crypto-mining-s...