The Energy Dynamics of Bitcoin Mining

This chapter explores the intricate relationship between Bitcoin mining and energy systems, focusing on the permissionless nature of the process and the vital role of energy consumption. It highlights how miners can optimize operations through the use of underutilized energy resources, particularly in unique scenarios like remote hydroelectric power and stranded natural gas. By examining the economic implications and profitability of Bitcoin mining, the chapter underscores the transformative potential of effectively leveraging excess energy in challenging market landscapes.