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
-
Bitcoin Network Eases Up: Difficulty Falls 4.6% at Block 862,848
Bitcoin miners got a bit of a breather on Wednesday as the network’s difficulty dropped by... -
Utah Judge Rules SEC’s Case Against Alleged Crypto Mining Scam Green United Can Proceed to Trial
Green United’s founder, Will Thurston (who, along with promoter Kristoffer Krohn, is also named as a... -
Bitcoin Capped Below $65,000 As RSI Falls Below 80 In Monthly Chart: Should You Worry?
Este artículo también está disponible en español. Bitcoin is firm at press time. According to CoinMarketCap...