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Level390
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Level39
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🧵THREAD: As energy grids adopt a greater percentage of intermittent renewables, more power must be absorbed by demand response loads. Prices act as signals help balance the grid, #Bitcoin mining prof...
Summary
Bitcoin mining can function as a flexible demand response technology that stabilizes modern power grids by absorbing excess renewable energy when prices are low and rapidly turning off when grid demand is high, similar to noise-cancellation technology. This capability could monetize stranded and pilot renewable energy sources, making it economically viable for grid operators to deploy flexible generation like nuclear and hydro power.
Jul 17, 2022
31 tweets
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