A new working paper written by a Bitcoin advocate and former chairman of the Electric Reliability Council of Texas (ERCOT) recently identified Bitcoin mining as a “critical tool” for clean energy and balancing the grid.
The article believes that the inherent interruptibility and fast load response capabilities of Bitcoin mining can enhance the flexibility of the power grid to better integrate variable renewable energy.
The authors of the working paper include Castle Island Ventures partner Nic Carter, Satoshi Action Fund CEO Dennis Porter, former ERCOT President and CEO Brad Jones, and others. (Cointelegraph)