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> Mayor King says today’s arrangement between miners and ERCOT [The Electric Reliability Council of Texas] is pretty simple and mutually beneficial. Not only do
by capableweb 5y ago
> Mayor King says today’s arrangement between miners and ERCOT [The Electric Reliability Council of Texas] is pretty simple and mutually beneficial. Not only do miners make use of power otherwise going to waste, they also function as “interruptible load,” meaning they are able to turn off all of their machines with a few seconds’ notice when the grid is in a pinch and needs the extra power. Miners volunteer to do this because of financial incentives.
Certainly a new and fresh perspective on the whole "Bitcoin is using up all of our electricity" discussion that is currently happening.
- Symbiote 5y agoIt is also bullshit. Making this argument needs some evidence that the power would be "wasted". Bitdeer's website etc is full of greenwashing, but they use 3GW of power on this pyramid scheme. The Texas grid is mostly fossil fuel, so they are directly responsible for the pollution from the additional 200MW.
- foxyv 5y agoThere are also options to purchase power generation from wind only. This means that any generation fees charged to them would be put solely into the pockets of renewable energy providers. This would fund expanding demand for wind and solar in Texas. Now are they doing this? Possibly not. Power usage isn't necessarily a negative for carbon reduction.
- JKCalhoun 5y agoWould that we did not have/need so much "excess energy".
- deleted 5y ago[deleted]
- Dma54rhs 5y agoYou need as much as energy the peak is at, there's always some excess of it.