#BITCOIN IS GOOD FOR AMERICANS
When winter storms covered most of the USA last week, Bitcoin miners in Texas continued to stabilize the state's power grid.
They do this through a demand response program.
When there's a surge of power needed due to something like a storm, Bitcoin miners can shut off, allowing the grid to stay online for people who need to heat their homes.
When there's not a surge of power needed, the energy demand from these Bitcoin miners helps to set a floor price for electricity and reduces the amount of electricity that is wasted.
This incentivizes energy suppliers to invest in larger energy infrastructure, which also helps limit the effect of future storms.
#energy #texas #america
https://bitcoin.rocks/news/energy/bitcoin-mining-stabilizes-texas-power-grid.html
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npub1kn…q3582
2024-01-25 15:49:00
Author Public Key
npub1kns8r25ppwc2vpsv5cvhlpk94nfad76k64pkdzfnn704th2hmcksgq3582Published at
2024-01-25 15:49:00Event JSON
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"content": "#BITCOIN IS GOOD FOR AMERICANS\n\nWhen winter storms covered most of the USA last week, Bitcoin miners in Texas continued to stabilize the state's power grid.\n\nThey do this through a demand response program.\n\nWhen there's a surge of power needed due to something like a storm, Bitcoin miners can shut off, allowing the grid to stay online for people who need to heat their homes.\n\nWhen there's not a surge of power needed, the energy demand from these Bitcoin miners helps to set a floor price for electricity and reduces the amount of electricity that is wasted.\n\nThis incentivizes energy suppliers to invest in larger energy infrastructure, which also helps limit the effect of future storms.\n\n#energy #texas #america\nhttps://bitcoin.rocks/news/energy/bitcoin-mining-stabilizes-texas-power-grid.html",
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