Bitcoin will incentivize clean, renewable energy development. Bitcoin will incentivize higher efficiency electronic development. It will create jobs, clean the environment, and save all the babies, puppies, and rainbows!
The cheapest energy is what? Coal?
Heck, I want to invest in relocating a large bc mining operation to the Alaska north slope to facilitate cooling, right next to a large coal fired power plant!
Heck, I will even supply a free coffee barista 24/7 for all employees!
All energy sources have their benefits and drawbacks, just like everything else in nature. Your solution is interesting. I would prefer geothermal in Siberia or Iceland.