As a unique energy buyer, the Bitcoin network will accelerate the renewable transformation of global energy. If the Bitcoin mining method is combined with renewable energy production and storage, it is particularly suitable for accelerating the transformation of energy. Bitcoin miners are unique energy buyers because they provide a highly flexible and easily adjustable interruptible load.
The bitcoin clean energy investment plan (Bitcoin Clean Energy Initiative) was announced by payment company Square this year, and a rather brief research paper presents an interesting perspective: Bitcoin mining is especially suitable for expediting energy transformation when paired with renewable energy production and storage.
In addition to the research, ARK Invest, a well-known investment firm, offered an open source model demonstrating how developments in Bitcoin mining can improve these renewable energy production + storage systems, as well as deliver higher grid base load. The global energy proportion, thereby assisting all humans in bringing ample clean energy into the future.