Crypto Advocates Mention Bitcoin Mining as a “Critical Tool” for Clean Energy and Balancing Grid A number of crypto advocates have emphasized the significance of
Bitcoin (BTC) mining as a “critical tool” for clean energy usage and grid balancing.
In a recently published working paper titled “Leveraging Bitcoin Miners as Flexible Load Resources for Power System Stability and Efficiency,” Bitcoin advocates and former
ERCOT (Electric Reliability Council of Texas) President Brad Jones highlighted numerous benefits of
BTC mining. The paper argued that the incorruptibility and rapid load response capabilities inherent in Bitcoin mining can enhance grid flexibility, facilitating the i
ntegration of variable renewable energy sources.
The authors of the paper include
Nic Carter, partner at Castle Island Ventures, Dennis Porter, CEO of Satoshi Action Fund, Murray Rudd, Science Advisor, and the late Brad Jones. Shaun Connell, the Executive Vice President of Power at Houston-based tech company
Lancium, also contributed to the research.
