How Bitcoin Will Help Stabilize the Texas Grid and Lower Electricity Rates

It’s no surprise that bitcoin has found its way to Texas in a big way. The Texas ethos and bitcoin ethos are perfectly aligned. Texas culture embraces individualism, hands-off government, and personal sovereignty. Add to that a business-friendly environment, low taxes and cheap electricity and it becomes clear why the bitcoin mining industry is flocking to Texas. ​ Highlights: Miners act as shock absorbers in the system When demand for electricity is low, they can use the excess power being generated by the system When demand and spot electricity prices spike, they can curtail their operations to relieve strain from the grid They will increase the overall capacity of the Texas grid and make it more stable at the same time. ​ https://www.vaultelectricity.com/how-bitcoin-will-help-stabilize-the-texas-grid-and-lower-electricity-rates/ ​ https://preview.redd.it/cxgpdiyam8k81.png?width=1212&format=png&auto=webp&s=b1a627756a62ec6205fff87ffd358728707a6943 submitted by /u/itsthesecans [link] [comments]