How Bitcoin Will Help Stabilize the Texas Grid and Lower Electricity Rates
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It’s no surprise that bitcoin has found its way to Texas in a big way. The Texas ethos and bitcoin ethos are perfectly aligned. Texas culture embraces individualism, hands-off government, and personal sovereignty. Add to that a business-friendly environment, low taxes and cheap electricity and it becomes clear why the bitcoin mining industry is flocking to Texas.
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Highlights:
* Miners act as shock absorbers in the system
* When demand for electricity is low, they can use the excess power being generated by the system
* When demand and spot electricity prices spike, they can curtail their operations to relieve strain from the grid
* They will increase the overall capacity of the Texas grid and make it more stable at the same time.
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[https://www.vaultelectricity.com/how-bitcoin-will-help-stabilize-the-texas-grid-and-lower-electricity-rates/](https://www.vaultelectricity.com/how-bitcoin-will-help-stabilize-the-texas-grid-and-lower-electricity-rates/)
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