Square report: Bitcoin mining is "the key to a clean energy future."

Square report: Bitcoin mining is "the key to a clean energy future."

2021/4/23

A joint research report published yesterday by payment giant Square and asset management company Ark Invest showed that Bitcoin mining farms and renewable energy facilities could help each other create a "rich and clean energy future." According to the white paper, several obstacles hinder the development of solar and wind energy facilities. One of them is the intermittent nature of the output because both depend on the time of day or weather conditions, and these times may not always coincide with peak energy consumption times. By "connecting" Bitcoin mining facilities to solar and wind power plants, developers can solve several problems in these two industries. Bitcoin mining can act as the "buyer of last resort," ready to consume any electricity at all times. This can enable the construction of more renewable energy plants (even if the grid is not yet ready) because the mining industry's profits can make up for the shortage of consumers. Therefore, combining Bitcoin with solar and wind energy facilities will help "green" the mining industry itself and enable developers to expand the total number of existing renewable energy plants beyond the current sustainable range.


NOTICE
This is an original piece. Reproduction in whole or part without written permission is prohibited.
0
About products purchase, please contact our sales manager:
[email protected]

About miner repair and after-sale issues, please contact the repair manager email:
[email protected]

For business cooperation, please contact:
[email protected]

COMPLAINTS & SUGGESTIONS
If you have any dissatisfaction during the transaction or have valuable suggestions for us, please contact us via this email address:
[email protected]
Here is a list of scammers who scamming our customers, if you are chatting with them, please stop chat and let us know immediately:
Telegram:
@Zeusminingcrypto
@ZEUSMININGCRYPTOOFFICIAL
@bearacong

The scammers will change the accounts when they know they are exposed. So please be sure we only have these legal contact accounts which this page: https://www.zeusbtc.com/Contact-us.asp

CLOSE