Lastly, and perhaps most importantly, a new feature of bitcoin mining has begun to gain traction, to the benefit of power grid operators. Bitcoin miners represent “interruptible load,” which means that they can deal with power outages without suffering adverse impacts to their business. Of course, they prefer to have power all of the time, but nothing catastrophic happens when they lose power, unlike other industrial consumers such as hospitals, high-end data centers, factories and smelters.
Related posts
-
Expert Says Bitcoin Price Has Topped And Is In Exponential Decay, Why This Is Not A Bad Thing
Crypto expert Peter Brandt has boldly claimed that the Bitcoin top for this market cycle may... -
Amid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs
According to current metrics, older bitcoin mining rigs are not generating the same revenue as they... -
Crypto market cap hovers $2.45t as Bitcoin, Solana, Ethereum, Dogecoin face downward pressure
Digital assets continue to struggle as the crypto market cap dips 1.28%. It currently hovers at...