Re:Cambridge Bitcoin Electricity Consumption Index
by yrral on Wednesday February 10, 2021 @03:30PM
(#26094319)
> Again: if a BitCoin miner generates 1 TWh/yr of their own electricity, how does that reduce the burning of fossil fuels?
Simple, during times where peaker plants need to run (because electricity demand is higher than supply), these miners can shut off, giving the grid more green power. Now these peaker plants (which generally burn coal/natural gas) don't need to exist or run anymore.
Simple, during times where peaker plants need to run (because electricity demand is higher than supply), these miners can shut off, giving the grid more green power. Now these peaker plants (which generally burn coal/natural gas) don't need to exist or run anymore.