that is over 11000 a year in extra power create.
thus real utility
$11,000 income per year to install 400 solar panels and a bunch of bitcoin miners ? I don't see how that would make financial sense. Hopefully this person would have some other use for those solar panels if he couldn't make a profit from mining bitcoin.
Yeah power plants have over capacity and shut down if coal or oil but if the plant is hydro it can not be shut down. btc mining allows that excess power to not be wasted.
it depends what type of hydro electric generation is being used. if it's pumped storage then they can store the excess energy into a reservoir for later use. so it's not being wasted in that case. it just gets used later during periods of peak demand. try this example instead:
https://www.marketplace.org/2022/03/25/crypto-miners-use-natural-gas-stranded-in-wells-to-power-energy-hungry-rigs/third since i proved that btc has real value it means a real value item can be moved out of a country in case of a war.
ie you live in ukraine and escape you can easily recover your coins in another country.
that's an extreme example but ok i wouldn't argue that bitcoin (or any other cryptocurrency) makes it easy to move your money. but it's not maybe as simple as just packing up a few bags and memorizing your brainwallet passphrase. what if you own alot of physical assets like real estate and houses? first you have to sell them, get the money, convert it into bitcoin. in an emergency, you might not have all the time in the world to do all those things.
and as the op what you got to shut that down?
World world three and complete loss of the civilized world 🌎 world be one valid argument
Complete world agreement to outlaw btc also works that would mean no internet.
Maybe you have a third one?
the third one is that something better comes along that people prefer it and bitcoin takes a back seat to it. so far that hasn't really happened.