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How Bitcoin can support the grid with Jamie McAvity (CEO @ Cormint)

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Bitcoin Miners and Batteries: Managing Power Grid Volatility

The chapter explores how Bitcoin miners and batteries respond to fluctuations in the power grid, detailing strategies like power hedging and load adjustments for miners and charging/discharging cycles for batteries. It analyzes the competition and cooperation between miners and batteries in the electricity market, examining the implications of Bitcoin mining on pricing and renewable energy integration. The discussion also covers the role of Bitcoin mining in supporting the grid through bid side and price side support, comparing its impact with battery solutions in addressing market distortions.

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