Bitcoin Mining is Eating the Energy Sector

Bitcoin mining is a “permissionless energy sink,” allowing anyone, anywhere, at any time, to convert electricity into money

• Bitcoin mining will cause a general decline in the price of energy
• Bitcoin mining serves as a perfect dispatchable load, helping to stabilize electrical grids
• As a “buyer of last resort,” bitcoin mining monetizes stranded, wasted, and non-rival energy
• Bitcoin mining can provide stable, predictable demand for electricity from new developments

In the coming decades, bitcoin mining will completely saturate the energy sector