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To: Pollard

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.


17 posted on 12/06/2021 10:34:52 AM PST by unlearner (Be ready for war.)
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To: unlearner

That’s what I make of it. They’d be able to smooth out the highs and lows. The only problem from the crypto aspect is that when they ramp down, that could make crypto transactions take longer but I suppose someone else in the world will take up the slack. Amazing how many things crypto is finding use for and moreso, the blockchain.


18 posted on 12/06/2021 11:11:14 AM PST by Pollard (PureBlood -- youtube.com/watch?v=VXm0fkDituE)
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To: unlearner

Thank you for the first posting on this thread that offered an explanation of what was meant by bitcoin mining, etc.


23 posted on 12/07/2021 6:29:25 AM PST by octex
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