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Bitcoin miners are cooperating with Texan authorities to help alleviate the state’s energy grid in anticipation of a heatwave; over 1,000 megawatts worth of power allocated for Bitcoin mining is being redirected towards retail and commercial use.

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by COINS NEWS 114 Views

You’re missing the actual point here, Cardano can’t help Texas but Bitcoin can. Because normally power companies will only build enough capacity that they can sell most of the power they generate. But in a massive heatwave you need more than 100% of the normal capacity. Because in a free market there is no incentive to build above and beyond what you can sell this is a major problem and the cause of blackouts and brownouts.

But with Bitcoin they can build for 110% of the normal demand because Bitcoin can use the excess when there isn’t a heatwave. When a heatwave happens then Bitcoin miners shut off and nobody has a blackout.

Now if these extra power generators are coal plants then this is a major negative, but Texas is hot and sunny so you can just build a ton of solar farms and redirect the power during heat waves. And that’s how Bitcoin can help power companies find new revenues to go build out greener energy generation and a much more stable power grid.


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