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Throwing computational power at a PoW system for hash collisions is significantly more wasteful than simply reducing the cost of electricity itself or depositing the energy into a storage system for use at later in demand times.

If free energy needed to be expelled and couldn't be stored for some weird reason, it could be used to grind wheat, purify water, or run scientific computing to contribute to curing diseases rather than attempt to acquire speculative database tokens.




Tell that to the power plants who ALREADY waste this "free" electricity, by destroying it through putting into giant resistor banks.

This is not "some weird reason". Thus is how the current power grid works in many locations.

If your theory was correct, then negative energy rates wouldn't even exist right now. But they do.




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