💥The giveaways keep coming! 💥
I am giving away another Bitkey
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Winner will be announced on the 22nd Feb
@GreenTyler27@ausgov@AEMO_Energy@PMalinauskasMP@AmandaRishworth@LiberalAus Batteries create energy scarce markets - transferring electrons from low to high value periods without generating more energy, increasing costs.
Bitcoin mining creates energy abundance markets - monetising every electron, incentivising more generation, lowering costs.
@GreenTyler27@prosperity_au@TomPlayford3 Colocated bitcoin mining could easily turn excess renewable energy into value. Consuming behind the meter wind, and potentially providing demand response if required
@GreenTyler27@AEMO_Energy@SenatorRennick It can also be used as a tool for energy security. Large, predictable, flexible loads can provide security to energy assets - underwriting business cases for more growth
@AusBTCIndBody Bitcoin mining also performs FCAS services cheaper than batteries - as the business case doesn’t rely on this revenue.
Additionally, by placing loads in strategic locations on the grid. We will address looming system strength challenges.
@AusBTCIndBody@Strike Although AMP bought Bitcoin, you can’t allocate your super to it (they told me they were still working on it).
Totally agree with the problems with the current payment systems. It’s the biggest choke to greater take up