JeffG on Nostr: Few people realize how under-utilized power generation in the world is. Power ...

Few people realize how under-utilized power generation in the world is. Power generation MUST be built for peak loads, even though most of the time they don't see anywhere close to that level of consumption.

Think about that for a moment. It's like having a business that has to build a factory capable of producing multiples more product than it can sell at any given moment.

This is part of why our power infrastructure has been slowly degrading and why there has been so little new investment in the space. It's just a very tough business model.

Bitcoin change this. The ability for Bitcoin miners to be installed anywhere with an internet connection and rapidly turn on and off in response to demand makes it an ideal load balancer and gives power generators the possibility to monetize all that extra generation capacity, which can be reinvested into infrastructure and new generation capacity.

It's a beautifully virtuous cycle that helps to raise the average load, and the margins of power generating businesses and gives us all more access to power, at cheaper prices.