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211 sats \ 1 reply \ @satimoto 29 Aug 2022 freebie \ on: Lyn Alden AMA bitcoin
Hi @lynaldencontact,
If you were stuck in an elevator with the EU Commissioner for Energy, what would be your best pitch to them that Bitcoin mining can help balance a flexible renewable power grid?
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334 sats \ 0 replies \ @lynaldencontact OP 29 Aug 2022
Bitcoin mining is a flexible demand source that can improve the marginal economics of intermittent power supplies (eg solar, wind), or always-on power supplies (eg hydro, nuclear), and help stabilize the grid.
However, it's not a magic bullet; it's just one potential tool among many for building a good energy system. The energy problems that Europe has right now require more production.
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