Thread by @LynAldenContact

In the BMC Q3 Livestream today, the CEO of $MARA said several of the largest utilities in North America have teams researching #bitcoin mining and co-location.

In other words, on-site bitcoin mining as a utility load balancer and profit maximizer.🧵

The CEO of $MARA also said he believes that power companies will likely become some of the largest bitcoin miners/hosters over time. I think that's true (in addition to a healthy amount of off-grid miners).

There are always-on sources of power like nuclear, hydro, geo, and then variable power like solar/wind.

Demand fluctuates too.

During times when power supply exceeds demand, utilities need a way to profitably use that power, or they waste it. Enter co-located bitcoin mining.

Bitcoin miners, unlike most other electricity consumers, can co-locate at power generators, and can easily shut off if demand reaches supply.

This strengthens the grid and makes always-on power sources more cost-effective, in lieu of efficient utility-scale battery storage.

The reason to do it on-site of the source of power generation is that it eliminates transmission loss and duplicate security for btc miners. A profitable on-site load balancer.

This is already happening with flare gas and will increasingly happen with utility power providers.

I described this in my bitcoin energy article, and I was interested to hear further confirmation today that it's increasingly being looked at by large-scale utilities.
lynalden.com/bitcoin-energy/