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.

lynaldencontact

bitcoin

Lyn Alden AMA

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?