# Bitcoin as Battery

<https://www.nickgrossman.xyz/2021/bitcoin-as-battery/>

- Host: [nickgrossman.xyz](https://links.thingelstad.xyz/hosts/nickgrossman.xyz/)
- Saved: March 25, 2021 (2021-03-26T01:11:38Z)
- Record: https://links.thingelstad.xyz/links/b7e721f4d88d/
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## What Jamie wrote

This is an interesting take on the electricity consumption of blockchain and Bitcoin. 

> So, if we think of Bitcoin as a battery, what can we do with it?  The key properties of Bitcoin’s battery are: 1) always on and permissionless (no need to find customers, just plug and go) and 2) naturally seeking low-cost electricity: it will always buy when the price is right.

It is true that Bitcoin miners seek out, and are very adaptive, to power costs.

## Facts

- Kind: [Page](https://links.thingelstad.xyz/kinds/page/)

## Appears in

- [WT179: Weekly Thing #179 / Nemawashi, Transformation, Geldingadalur](https://weekly.thingelstad.com/archive/179/), Recommended Links

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## Elsewhere

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