3 years ago

204

𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

In this video, I discuss how Bitcoin miners can help to stabilize the electric grid, both by allowing the grid to operate at full capacity and by helping to keep the system frequency at 60 Hz.

Power grids need to be over-built so that they can handle demand spikes. What this means is that most of the time (especially if they are using renewables), they will be wasting electricity.

Bitcoin miners can step in and use that wasted electricity during normal usage times, and then scale back when the grid gets congested. There is no other industry that is as mobile and flexible as Bitcoin mining.

Cryptocurrencies like Ethereum that are moving to proof of stake from proof of work understand nothing about the positive benefits of Bitcoin mining for the environment.

Not investment advice! Consult a financial advisor.

Why Bitcoin Mining Is Good For The Environment:
https://www.youtube.com/watch?v=-j4cXA09Dz0&ab_channel=TraderUniversity
https://vespene.energy/
https://gam.ai/

California heat wave and blackouts:
https://www.foxbusiness.com/energy/california-heat-wave-stress-power-grid-cause-potential-blackouts-officials-say

Neonatal intensive care unit:
https://en.wikipedia.org/wiki/Neonatal_intensive_care_unit

Texans dying from power loss:
https://www.statesman.com/story/news/2022/01/04/246-texans-died-february-freeze-and-power-loss-officials-say/9080688002/

Peaking power plant:
https://en.wikipedia.org/wiki/Peaking_power_plant

Frequency response:
https://www.nerc.com/pa/rrm/Webinars%20DL/Generator_Governor_Frequency_Response_Webinar_April_2015.pdf

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#bitcoinmining
#electricity

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.

Loading comments...