2 ms·

I don't see the connection. Energy needs would be better iff without Bitcoin mining.

• kevinak 4y ago
  The connection is that miners seek the cheapest energy out there, which is renewables. Renewables (solar, wind) are highly variable in their output so to get stability you need to deploy A LOT of it (or couple it with for exmaple nuclear, hydro or fossil fuels). Bitcoin can act as a "buyer of last resort" for the producer, thus letting electricity producers build out larger deployments at a lower risk. Bitcoin mining has a whole host of pretty cool properties that help stabilize the grid as well. Here's a two part article about it: https://braiins.com/blog/bitcoin-mining-the-grid-generators https://braiins.com/blog/bitcoin-mining-the-grid-generators