Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid
ERCOT Report Says Texas Bitcoin Mining Facilities Can Curtail Operations and Relieve 1.7 GW of Energy This Winter Other systems that leverage large electrical loads are unable to adjust to direct response needs but bitcoin miners, on the other hand, are also known to shut down operations when they reach breakeven price levels between bitcoin’s spot price and cost of production. “This breakeven cost was estimated at $86/MWh and is based on the economics of an Antminer S19 bitcoin mining rig as of early November,” ERCOT’s study details.
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