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How did we get to the idea taking shape this last year that large-scale mining facilities can be very beneficial for energy generation and distribution systems?
This notion began to gain strength when some electrical engineers and experts in energy management and distribution began to internalize the unique characteristics that large mining operations present in terms of power demand and activation and shutdown times.
Miners can act as load balancers, turning their equipment on or off instantly according to the fluctuating dynamic of both generation and demand, thus becoming the holy grail of grid balance. Something that no one would have imagined just a couple of years ago.
Bold technologists are already predicting that power plants will set up their own mining operations, allowing them to drastically stabilize networks while monetizing low power consumption periods like never before.
I would expect that miners will start getting into the power generation business as well over time, supplying power to their own mining rigs and offloading to the grid when it's more profitable.
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Some energy producers will also become bitcoin miners, and some bitcoin mining companies will also become energy producers.
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