15/11/2024 –, Nakamoto Stage
Bitcoin mining is a powerful tool for enhancing modern energy systems. With the flexibility of Proof-of-Work mining, Bitcoin miners can balance electricity grids, absorb surplus energy, and drive the development of energy infrastructure. Their ability to adjust energy consumption in real-time makes them ideal partners for grid operators, while also unlocking economic value from underutilized energy sources.
Bitcoin mining has emerged as a powerful and versatile tool for enhancing modern energy systems. By harnessing the unique capabilities of Proof-of-Work mining, Bitcoin miners can balance electricity grids, efficiently consume surplus energy, and drive the development of energy infrastructure. Unlike traditional data centers, Bitcoin mining operations are highly flexible, able to scale their energy consumption up or down in response to fluctuations in energy supply and demand, making them ideal partners for grid operators. Furthermore, Bitcoin miners can tap into otherwise stranded or underutilized energy sources, helping to unlock new economic value from underutilized assets.
Dennis Porter is the CEO and Co-Founder of Satoshi Action Fund, and the Founder and President of Satoshi Action Education. Dennis has successfully spearheaded the passage of Bitcoin-protective laws at the state level, including the widely recognized "Right to Mine" bill, enacted in two states in 2023, and the "Bitcoin Rights," passed in two states in 2024. In addition to his policy work, Dennis has co-authored several peer-reviewed research papers on Bitcoin mining.