In reality, miners and renewable power producers are natural allies
When paired together, they solve one another’s biggest challenges
Bitcoin miners function as a “time and location independent energy buyer of last resort.”
They’re the only entity with a large demand for power that has the geographic flexibility to position their operation in the remote locations where renewable energy is most often produced.
Last week, the Blockware team hosted several clients on a tour of our partner facility operated by @Soluna Holdings (NASDAQ: SLNH) in the Texas Panhandle.
The site sits adjacent to a sprawling wind farm, and it perfectly illustrates the symbiotic relationship between Bitcoin miners and renewable energy generators.
Before Bitcoin mining came to this region, the wind farm faced a serious problem: a huge portion of its energy had nowhere to go. Located hundreds of miles from any major city, with limited transmission capacity, much of the electricity produced couldn’t be delivered to the grid economically.
As a result, more than 40% of the farm’s output was dumped into the ground. With no large-scale buyers nearby, this was the only option for surplus power
By co-locating next to the wind farm, Bitcoin miners turned this wasted energy into economic value. Instead of curtailing power when the grid can’t absorb it, Bitcoin miners serve as a buyer of last resort.
This not only makes the wind farm more profitable but also strengthens the economics of renewable energy development.
Rather than relying on government subsidies, wind farms such as this one can rely on Bitcoin miners to be a free-market based consumer of their power.
Far from being adversaries, Bitcoin miners and renewables are proving to be a perfect match.
You can start mining Bitcoin right now at this exact facility with Blockware’s ‘Mining as a Service’
You can use our self-service marketplace to acquire miners immediately. As soon as your payment is confirmed, the miner will begin sending rewards to your BTC wallet.
Payment can be made with Bitcoin On-Chain, Bitcoin Lightning, ACH, or Credit Card.
marketplace.blockwaresolutions.com…
If mining is new to you and you have some questions, schedule a free 30-minute consultation with a member of the Blockware team.
We’ll create a customized Bitcoin Mining plan to help you achieve your financial goals.
mining.blockwaresolutions.com/consult
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