Duke Energy Corporation, American energy, and natural gas firm is aiming to broaden its scope by tapping into the Bitcoin mining industry, as revealed by insider reports. The company is the second-largest electric provider in the United States, and an interest in Bitcoin mining could spell new heights for the industry.
Bitcoin Mining, to an extent, can help with the grid problem
On a podcast, (“Bitcoin, Energy, and the Environment”) hosted on the audio streaming service, Apple Podcast, Lead Rates & Regulatory Strategy Analyst at Duke Energy, Justin Orkney mentioned the energy provider’s research of Bitcoin mining with an aim of utilizing the activity.
Orkney, who is also an ardent bitcoin proponent, is one of the influences behind this move by the company. He noted how the firm aims to integrate bitcoin mining into the demand response strategy.
In the podcast episode, host Troy Cross and Justin Orkney discussed some of the problems the grid encounters with the introduction of...
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