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Not a popular opinion on this board: Mining helps to balance renewable grids via Demand Response, by allowing to build renewable excess capacity that can be use
by internet_user 4y ago
Not a popular opinion on this board: Mining helps to balance renewable grids via Demand Response, by allowing to build renewable excess capacity that can be used in times of peak demand, and consumed by mining when the grid demand is low.
It has recently successfully proven this in Texas:
https://www.texastribune.org/2022/07/15/crypto-energy-texas-power-grid/ https://www.texastribune.org/2022/07/15/crypto-energy-texas-...
"May not seem like much, it can matter during times of peak demand, said Joshua D. Rhodes, a research associate with the Webber Energy Group at the University of Texas at Austin"
"The Webber Energy Group is a research group at UT Austin. We analyze energy and environmental problems"