2min chapter

Coin Stories with Natalie Brunell cover image

Bonus: Nic Carter Article on WH Report on Bitcoin Mining Climate Impact

Coin Stories with Natalie Brunell

CHAPTER

Using Curtailed Electricity in Texas and Other Areas With Lots of Renewables

The report claims miners using stranded energy, as they famously do in Texas and other places with abundant renewables, means that there won't be enough price signals for grid operators to know where to build transmission. As renewables further penetrate U.S. grids, the cost of generation will go down - but need for transmission will go up. Bitcoin miners help monetize some of these renewables, but they don't fix the core need for transmission. And I can assure you, grid developers can figure out where to put them. The signal is perfectly clear. But no one wants transmission lines in their backyard," he said.

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