Daniel Batten
Daniel Batten|Sep 30, 2025 13:57
Vibe shift: Bitcoin mining described by Reuters as preventing wasted renewable energy and helping grow the clean energy economy. Apart from calling it crypto-mining (It's not, it's bitcoin mining), @Reuters got their facts pretty much bang on. "Crypto mining companies are actively negotiating contracts with Brazilian electricity providers... that would benefit from the South American country's surplus renewable power" "Crypto miners can rapidly scale operations up or down based on energy availability, providing a flexible consumer base for excess energy without straining the grid during peak demand periods" "Some [renewable energy] plants now waste as much as 70% of the power they generate." "The work could help energy providers prepare to enter the data center industry, which the Brazilian government is trying to attract as a strategy to grow the clean energy economy."(Daniel Batten)
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