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Environmentalists are hyperventilating over Bitcoin "swooping in" to keeping a coal plant in Indiana online | @level39threadreaderapp.com/thread/1525120995262087172.html
26 sats \ 2 comments \ @BTCMiner 13 May 2022 bitcoin
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10 sats \ 0 replies \ @BTCMiner OP 13 May 2022
Here's the Tweet that kicked off the Twitter thread for this post:
THREAD: Environmentalists are hyperventilating over Bitcoin "swooping in" to keeping a coal plant in Indiana online. A more accurate take would be that #Bitcoin is helping to maintain economic stability in a rural community as an aging plant transitions to renewable energy 🧵👇
🚨🚨🚨 Our fears were just confirmed.
Bitcoin mining profiteers have swooped in to resuscitate an Indiana coal plant that was slated for a 2023 retirement. A solar+storage project to replace it has been indefinitely delayed as a result. $BTC #BanBitcoin
https://www.wishtv.com/news/inside-indiana-business/startup-to-establish-crypto-mining-facility-in-sullivan-county/
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20 sats \ 0 replies \ @Majjin 13 May 2022
Per company statement: "The parties will be keeping their existing solar/battery storage power purchase agreement in place providing a path for Merom’s transition to renewable energy when the coal plant is eventually retired...preserving more than 100 jobs..."
Looks like they completely ignored the fact that the plant will still be transitioned to renewables. Completely blinded by their blind hatred of Bitcoin.
These "environmentalists" are just high time preference, arguably anti-human children. They want their renewable powered utopia NOW. Screw the communities that would have to deal with unreliable, intermittent electricity. According to them, these communities can wait however many years it takes to develop and mass produce cheap, high capacity grid batteries (if it happens at all). All the while they ignore the environmental effects of producing and disposing of solar panels and batteries.
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