According to ChainCatcher, Robert Kennedy Jr. recently said in a letter to The Economist that Bitcoin mining is a powerful new tool to support renewable energy-intensive power grids.

He pointed out that although the power grid is facing pressure from manufacturing, electric vehicles and data centers, the electricity consumption pattern of Bitcoin mining is different from traditional electricity consumption and can have a positive impact on the power grid. Bitcoin mines only operate when electricity is cheap and abundant. When electricity scarcity causes prices to rise, the mines will reduce electricity consumption within seconds.

In addition, Bitcoin miners actively participate in demand response projects, allowing grid operators to control their electricity consumption to stabilize the grid, which helps reduce consumers' electricity costs.