BTC mining aids Texas’ grid stability, cutting $18 billion in costs by replacing gas peaker plants with efficient demand response.
A new research report by the Digital Assets Research Institute (DARI) has revealed how Bitcoin mining has impacted the Texas electric grid and saved the state as much as $18 billion by eliminating the need for new gas peaker plants.
The findings come as Texas has grappled with extreme weather conditions in recent years, such as the 2021 winter storm that caused widespread blackouts and significant economic losses.
Historically, grid operators have relied on gas peaker plants to address peak electricity demand. While effective in short bursts, these plants are costly, remain idle for much of the year and emit substantial greenhouse gases.
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