To keep a power grid at the correct frequency, grid operators must “balance” the power grid by adjusting energy production to match user demand. This process is called “load following.” Historically, increasing and decreasing energy production was the only real-time response action grid operators had available to them. But now, during periods of high or low electricity demand, Bitcoin miners can quickly adjust their power consumption to create a second, real-time response action that grid operators can use to establish balance.
Related posts
-
Day-1 Crypto Executive Orders? Bitcoin Bulls Brace for Trump’s Big Move
Donald Trump’s administration is expected to pursue executive orders on day one to push cryptocurrency forward,... -
Metaplanet Bitcoin Reserves Grow With Fresh $61 Million Purchase
Este artículo también está disponible en español. Japan-based early-stage investment firm Metaplanet continues its Bitcoin (BTC)... -
Latam Insights Encore: El Salvador’s Confusing IMF Deal Might Be Foiled By Its Bitcoin Stance
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency...