Bitcoin as Battery
www.nickgrossman.xyz/2021/bitcoin-as-battery
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.