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It's mainly the fact that Bitcoin mining sets a price floor on electricity prices. It's a buyer of last resort. Without it you'll get negative electricity prices and less investment in renewables.

See for example what Ercot has to say about Bitcoin mining: https://www.youtube.com/watch?v=gKnRfDeFgr0

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Who needs batteries when you have Bitcoin?

Until you can solve the climate crisis with batteries alone you need other solutions to step-in in the meantime.

Also, batteries don't help when the electricity is in the middle of nowhere and not connected to the grid.

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