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8 hours ago

Forget Batteries, Bitcoin Mining Is the Better Way to Balance Power Grids

At $40/MWh of surplus electricity, Bitcoin mining earns about $0.108/kWh more than Batteries. At $70/MWh of surplus electricity, Bitcoin earns about $0.082/kWh more than Batteries. Multiply these relatively small figures by the GW of surpluselectricity generated by renewable energy systems around the world, and you're looking at revenues in the billions of dollars every day! These would really do well on many energy markets' balance sheets. Helping market players weather various challenges on the path to a green energy future.

Source: HackerNoon →


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