Grid Stability!
An important function that bitcoin mining is continually offering at scale.
A balanced grid is that of equilibrium between the supply and demand of electricity.
⚡️📉 When the grid is in LOW demand,
$$📉 The price of electricity drops,
For Bitcoin Miners this means a wider profit margin so they can potentially “overclock” their ASIC’s to earn more revenue by producing more hashpower to produce more bitcoin.
⚡️📈 When the grid is in HIGH demand
$$📈 The price of power increases
For Bitcoin Miners this means a narrow or negative profit margin (if they aren’t locked into a contract). What if the grid is paying a higher $/kWh than what you earn per $•₿/kWh , you switch off and sell back to the grid.
Bitcoin offers so much more than a scarce digital financial consumption commodity, but also an energy based reserve that brings stability to the production side of our economy!
Bitcoin brings about a framework to manage the chaos and order of our energy and financial systems with hashpower as the boundary layer between the two ☯️
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