For what it's worth, in twin carbon arc welding too (the closest thing to the tests/experiments I did) it's a known fact that AC makes for an even electrode wear compared to using DC.
Rossi is applying a DC arc (even if with an AC component), so one of his electrodes will wear faster than the other at any given time.
If his electrodes are truly nickel, it isn't the initial arc that is going to be a problem.