Leverton explains that there could be a disconnect between Bitcoin mining and its positive impact on both the environment and the economy. “It starts with education,” she explained. A native Canadian, Leverton tees up an example of how Bitcoin mining creates jobs, stimulates the economy and even provides tax receipts in a small city in Alberta Province.
“We’re their largest energy customer, their largest taxpayer, and a key provider of tech, labor, and in some cases, we also want to talk about joint curtailment with the city of Medicine Hat.”the idea of using software to further balance the supply and demand of electricity to its grid using Bitcoin miners. Similar to Texas, Canada also endures temperature extremes. The wild variations require expert grid balancing.
“And in whatever increment, we can take the entire 62 megawatts down and feed the grid if it's during a snowstorm, any type of peak demand activity, we can power down and feed the entire amount or as little as half a megawatt.” Crucially, conversations and educational drives among policymakers might be made easier given that Bitcoin miners are now the largest taxpayers in the region where Hut 8 operates.
gazza_jenks JaimeLeverton I was trying to think where we are in the market right now, created these images to show my comparison with previous old bottom...trying to see if current bottoming looks familiar....and where we are currently positioned...thought it was interesting 😉
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