Video Transcript

Bitcoin miners supply and demand electricity let me explain typically Bitcoin miners demand energy they’ll buy their energy cheap in a contract say 5 cents run the electricity through their mining machines to produce hash power and turn that into 12 cents of Bitcoin per kilowatt but then you might be wondering

How on Earth are Bitcoin miners supplying energy to the grid let me show you bit coin miners have three things at their disposal they have an energy contract locked in at a cheap rate their computers and obviously the Bitcoin that they can produce with that kilowatt so

The value of that kilowatt to a minor has 12 cents but what if the price of energy on the grid was to rise to 15 cents instead of mining Bitcoin they could switch the machine off and Supply that power back to the Grid at 15 cents selling the price of energy down and

Stabilizing the grid