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0 sats \ 2 replies \ @BTCMiner OP 17 Jul 2022 \ on: 🧵 Bitcoin merges perfectly with Demand Response on modern smart grids bitcoin
The link for this post uses a read-only front-end for Twitter, which can be easier to read for viewing a full Twitter thread. The Tweet that kicked off the thread is:
🧵THREAD: As energy grids adopt a greater percentage of intermittent renewables, more power must be absorbed by demand response loads. Prices act as signals help balance the grid, #Bitcoin mining profitability responds like noise cancellation technology. /1
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105 sats \ 1 reply \ @2big2fail 17 Jul 2022
the problem is when there is not intermittent renewables available at all but the grid needs power.
bitcoin mining only helps overbuild base load. It does not really do much for renewables because they are so unreliable
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100 sats \ 0 replies \ @BTCMiner OP 17 Jul 2022
Even on a cloudy day, there is some electricity produced. So that can be built at an excess capacity so that even on a cloudy day at least a known amount of power can be produced, and bitcoin mined using the excess when it is not a cloudy day and wind is producing as well.
But it seems in many areas the reliance on wind and solar has occurred before truly addressing the situation where there are days either or both of those will fail to produce even a respectful fraction of their capacity.
It will be interesting seeing how (or if) bitcoin fixes this.
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