The difference between mining Bitcoin and a "traditional" industries is that mining rigs can be switched off in a matter of seconds. A beautiful example was "s

The difference between mining Bitcoin and a "traditional" industries is that mining rigs can be switched off in a matter of seconds. A beautiful example was "snowmageddon" in Texas. Or last week's power dip. In both instances the energy grid was not able to deliver the amount of energy that households need (in the first instance for heating, in the second for cooling) and in both cases the Bitcoin miners were switched off, thereby making a lot of MWh available for different locations. Mind you: the miners only want to use cheap energy, and an electricity producer wants a stable need on their network. So this is a beautiful win-win situation. It's exactly creating the elasticity that the power grid in the 21st century needs.