Texas has a lot of gas plants (51%) that we want to idle when possible. Just because it's cheaper power doesn't mean we should be generating it when the only customer is cryptocoins.

If the cost of gas isn’t covering the actual impact then the cost should be higher, doesn’t matter if the kWh is used by a bitcoin miner or someone with their AC at 70, it’s still the same externality.

I'd argue that burning energy for bitcoin is far more frivolous than for air conditioning.

That's because you don't know enough to understand why bitcoin is far more useful to humanity than air conditioning. In fact it's not even comparable.

I think it’s pretty easy to understand that what amounts to a game isn’t even vaguely comparable to something that provides an immediate and quantifiable impact for someone. Perhaps you don’t understand that bitcoin is a leech on society with no real benefit.

You have no idea what money really is.

The reality is that fiat is the leech on society. It's a cancer on the world, slowly destroying it. Bitcoin is the cure. It's one of the most important inventions in the history of mankind and it's positive effects on the world will be profound. I'd go as far as saying that it's more important than the internet itself.

Watch some Michael Saylor/Robert Breedlove interviews and educate yourself. Read "The Creature From Jekyll Island".

Thus people will spend less on bitcoin than aircon

Or is the market broken? In which case in which way? And why not tackle that brokenness directly.

Thank God Texas generates power from unlimited resources. In my place, the more we generate and consume, the less we have left for the future. In Texas, the plants have to generate as much as possible for some reason !