Bitcoin 2022 offered us a glimpse into bitcoin miners’ crystal ball, as they discussed how the industry will impact the energy grid.Most of the conversations about Bitcoin infrastructure for the past two years have focused on the mining sector’s increasing convergence with traditional energy generators and power companies. At the Bitcoin 2022 conference, a panel...
Bitcoin strengthens the grid due to the incentivization of energy production. It supports the people who need electricity and miners as buyers of last resort.Illiteracy is a peril of the trade for anyone working in the technology sector. New technologies tend to be met with resistance until they’re broadly understood, and sadly, policymakers and regulators are frequently guilty of the most egregious...
Bitcoin mining companies are working with electricity providers to find solutions for power that support mining and community access to electricity.Bitcoin mining specialists sat down together to discuss how mining companies can work with local grids to strengthen electricity production and distribution at the Bitcoin 2022 conference in a panel titled “Building New Grids.”The panel was moderated by Zack...
Bitcoin enables mining utilities to engage in agreements that are mutually beneficial to miners and the electricity grid.The House Hearing on Crypto’s Energy Use & Impact, held on January 20, 2022, was ultimately championed by a stellar defense of Bitcoin’s energy use by Brian Brooks, with an...
Bitcoin’s unique energy use incentives, ability to store stranded energy and more make it the future of our energy consumption as a planet.Here goes a full-length, easy-to-read article based on my recent Twitter thread, part one on Bitcoin and the nuclear future of our energy grid. In part one, I breakdown the narratives around energy...
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