maiakee on Nostr: Bitcoin mining can repurpose surplus energy that would otherwise go to waste, turning ...
Bitcoin mining can repurpose surplus energy that would otherwise go to waste, turning it into economic value. Here’s how:
1. Stranded Energy: Remote renewable energy sources like hydro, wind, or solar often produce excess energy during off-peak times. Bitcoin miners can use this surplus onsite, making these projects more viable.
2. Flared Gas: In oil extraction, unused natural gas is flared, wasting energy and emitting CO₂. Bitcoin mining can convert this gas into electricity, reducing waste and emissions.
3. Renewable Energy Stabilization: Miners act as “energy sinks,” using excess power from intermittent sources like solar and wind, stabilizing supply-demand mismatches.
4. Grid Balancing: During low-demand periods, excess energy is often curtailed. Bitcoin mining uses this energy, improving grid efficiency.
5. Economic Incentives: Mining creates demand for unused energy, making renewable projects more profitable and encouraging innovation.
By leveraging surplus energy, Bitcoin mining reduces waste, stabilizes grids, and supports renewable energy growth.
#siamstr #btc #bitcoin #nostr
Published at
2024-12-06 15:39:17Event JSON
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"content": "https://image.nostr.build/3849f16ba63f252a7f6c45b86cf0e120098495fdb61cb2c7010d1649b7aa77e4.jpg\n\nBitcoin mining can repurpose surplus energy that would otherwise go to waste, turning it into economic value. Here’s how:\n 1. Stranded Energy: Remote renewable energy sources like hydro, wind, or solar often produce excess energy during off-peak times. Bitcoin miners can use this surplus onsite, making these projects more viable.\n 2. Flared Gas: In oil extraction, unused natural gas is flared, wasting energy and emitting CO₂. Bitcoin mining can convert this gas into electricity, reducing waste and emissions.\n 3. Renewable Energy Stabilization: Miners act as “energy sinks,” using excess power from intermittent sources like solar and wind, stabilizing supply-demand mismatches.\n 4. Grid Balancing: During low-demand periods, excess energy is often curtailed. Bitcoin mining uses this energy, improving grid efficiency.\n 5. Economic Incentives: Mining creates demand for unused energy, making renewable projects more profitable and encouraging innovation.\n\nBy leveraging surplus energy, Bitcoin mining reduces waste, stabilizes grids, and supports renewable energy growth.\n\n#siamstr #btc #bitcoin #nostr",
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