- Bitcoin mining possesses a combination of properties that makes it a uniquely
flexible energy consumer. This flexibility allows bitcoin miners to provide positive externalities to various energy systems globally, including strengthening vulnerable electricity grids, improving the economics of renewable energy, mitigating natural gas flaring, and lowering heating costs by repurposing waste heat.
- Not only do bitcoin miners have the opportunity to add value to energy systems – they are economically incentivized to do so.
- As profit-maximizing entities, miners will leave no stone unturned in their hunt for cheaper electricity. By getting paid to stabilize the grid, selling waste heat, or offtaking stranded natural gas or renewables, a miner can achieve significantly lower electricity costs than a miner who passively draws energy from the grid.