I guess I am having difficult understanding. Is the electrical grid broken? What is broken about it? How come it worked fine until fairly recently?
Couldn’t the electric company mine its own Bitcoin to reduce the cost to users and “use up” excess electricity?
Something else going on here?
So the basement dwelling nerds jamming 20 high performance graphics cards, using enough electricity to power the local Walmart, THAT’S helping the electric grid???
Are there enough Bitcoin miners in Texas to make a difference?
Anyone who can buy electricity during non-peak hours is helping. This would include crypto miners who ramp up production when electricity costs are low, and people who store electrical energy. The latter group could include EV car owners who charge vehicles at night, etc.
This allows non-peak consumers to save money AND peak consumers as well, because the non-peak consumers are lowering the overall energy production costs. This is because it is expensive to ramp up production to accommodate peak demands.
Seems to me there is no problem as long as operators winterize their plant equipment before winter hits. Weather has been downright balmy here in Texas, no need for panicked, slipshod procedures.