Bitcoin Mining a Tool to Support Renewable Energy Grids
According to Odaily, Robert Kennedy Jr. recently expressed in a letter to The Economist that Bitcoin mining is a powerful new tool to support renewable energy-intensive grids. He highlighted that while power grids are under pressure from manufacturing, electric vehicles, and data centers, the electricity usage pattern of Bitcoin mining differs from traditional consumption and can have a positive impact on the grid. Kennedy emphasized that unlike data centers and similar facilities, Bitcoin mining operations only operate when electricity is cheap and abundant. When electricity is scarce and prices rise, mining operations can reduce their consumption in a matter of seconds. Furthermore, Kennedy noted that Bitcoin miners actively participate in demand response programs, allowing grid operators to control their electricity usage to stabilize the grid. Bitcoin miners' participation in these programs helps to supply the cryptocurrency in open markets, which reduces electricity costs for consumers.#TopCoinsSeptember #BecomeCreator #BTCâïž #Bitcoinâïž
