Technology company allowed Lancium Houston, Texas Energy consumption up and down during mining Bitcoin.
company collected Lancium Technical and focused on mining Bitcoin 150 $1 million to expand its renewable energy business model in Texas.
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Station has moved CNBC, that the company Lancium Which is based in Houston Houston Develops software systems and technologies for organizing mining operations Bitcoin Uptime based on energy rates and network load.
The more common problem with energy farms is the imbalance between energy demand and supply, which causes price fluctuations and inappropriate operating times.
Procedure Lancium to enable metallic Bitcoin They can easily and easily turn on and off their mining equipment according to the dynamics of the power supply. It also guarantees grid customers cheap and sustainable energy.
West Texas has abundant solar and wind capacity. However, this type of power is intermittent, and the increasing demand for the renewable energy electricity grid raises the question that the grid's supply of electrical capacity will be restricted and not sufficient.
This imbalance problem can be solved by alternative energy sources such as natural gas. However, mining offers Bitcoin substitute.
sites Lancium It works as a large power station, but in the opposite way
The report says:
“Mining mills will consume a lot of renewable energy at times when the power supply exceeds demand, and then crypto assets are mined when there are no other energy buyers.”
On the contrary, they gradually reduce energy consumption when the demand for energy rises in order to adjust the rise and fall of the energy supply depending on the dynamics of supplying the network with energy and demand for it at any time.
Read also: How can supply profit and loss metrics predict bitcoin price rates?
Joint Foundation with the Texas Board of Electricity Efficiency (Irkut) Electric Reliability Council of Texas (ERCOT), a nonprofit that operates the Texas Grid, and pays miners to cut consumption.
Imagine how much they would pay for Amazon Amazon When you ask them to reduce energy consumption, when you ask:
“We kindly ask you to reduce your data center’s electricity consumption!”
Brandon Arvanji Brandon Arvanaghi from Fruit Meow to station CNBC:CNBC
“You can do it easily with Bitcoin All you have to do is pay the miners a small amount, a little more than what they get from the mining Bitcoin at that time."
According to the report, the Lancium It plans to produce 2,000 megawatts.MW) of electrical capacity in a mining plant Bitcoin year in texas 2022 In the amount of 150 Million dollars.
The funding round was led by Hanwha Solutions Hanwha Solutions It is a non-profit clean energy company that provides solutions in collaboration with other companies working in the same field.
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