The following is a contributed article by Steve Wright, former CEO, Bonneville Power Administration and Chelan County PUD, and Hassan Shaban, chief technology officer at WattCarbon
Crypto mining has experienced significant growth in the past decade, consumes more energy every year and is increasingly located in the United States. Given the growth in cryptocurrency production in the U.S., there is growing federal, state and local interest in the crypto-mining impacts on electricity costs and carbon emissions.
In January, Steve testified at a U.S. Congressional hearing on cryptocurrency production and its impacts on electric utility operations, a complicated relationship that is worth deeper consideration.
An option explored here is to examine whether coordination between crypto miners and utilities can be a win-win for both parties. A recent Utility Dive article laid out the nuances of treating crypto mining as a grid resource and, in a nutshell, “it’s complicated”.
The crypto-grid...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...