Bitcoin mining could be good for US energy independence: Research

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Congressman Pete Sessions from Texas feels that you should be looking towards Bitcoin mining if you are worried about America’s dependence on foreign energy.

Despite those concerns, various researchers have suggested that the growing mining market in Texas could reduce its net environmental impact and energy demands on the public energy grid.detailed how flexible data centers could promote renewable energy resources. A flexible data center generates its own energy either from a small dedicated renewable power plant or draws power from the grid depending on the grid's current state.wind power generator.

“Hence, the may contribute to grid stability by locally using generated electricity instead of feeding it into the grid.”last October. It concluded that as the mining industry grows and more operations implement a flexible data center model, it will likely prevent energy grid shortages while promoting the growth of renewable energy resources. Researcher Joshua D. Rhodes, Ph.D. said in the paper.

“As grids move towards incorporating higher levels of intermittent resources, such as wind and solar, flexible demand will play an ever more important role in keeping the electrical grid system stable.”

 

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