Good news. Bitcoin and this enormous waste of energy should get forbidden anyway. It does hurt the environment and has no real advantage over existing infrastructure.
At a penalty rate, sure. The problem is those negative rates invite productive power users. If you immediately balance them with useless crap, you never get the productive stuff.
There is an analogy to Dutch disease, except with power prices: crypto and its ilk are the disease.
- CO2 scrubbing
- Making synthetic fuel out of CO2, or any kind of "storage fuel".
- splitting water for fuel
Like building more power lines or converting it into transportable energy like H2.
Bitcoin plays in a different market and does the opposite to this .