Solar Systems With Bitcoin Mining Plants Could Achieve 99% End-User Electricity Demand
February 15, 2023 (Investorideas.com Newswire) A research report by BitcoinCasinos.com shows that combining bitcoin mining with solar systems could be the answer. Edith Reads, the research lead at the site, commented that the technological merge would allow bitcoin miners to ‘buy’ any excess energy. “All we have to do is increase the size of the battery by 4.6X and the solar system would provide more than 99% of end-user electricity demand, without sacrificing profitability.”
She added that merging the two technologies can enhance the scaling and reliability of solar grids while maintaining the levelized cost of electricity.
Power plants are now turning to intermittent bitcoin mining, which is increasing in popularity by the day. Hybrid plants are now incorporating batteries into the solar systems together with bitcoin mining machines, which are better suited for intermittent energy sources.
Renewable energy sources such as solar and wind aren’t entirely reliable. As a result, power plants powered by these sources often face outages and fluctuations in power generation. Bitcoin miners can quickly adapt to these interruptions, which is not the case for other energy consumers. The full story and statistics can be found here: Solar Systems With Bitcoin Mining Plants Could Achieve 99% End-User Electricity Demand
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