US' 2nd-Largest Power Company Eyes Bitcoin Mining ⚡🪙
Duke Energy, the second-largest electric power company in the US, is studying Bitcoin mining to integrate it into its demand response strategy.
The company is running tests on how Bitcoin mining could help balance the grid during peak energy use.
Duke's grid already supports small-scale Bitcoin mining, but this study aims to scale it up. The idea? Use crypto mining to reduce stress on the grid while maintaining energy reliability. 🏗️
This comes as states like Texas welcome miners to support energy infrastructure through demand response programs.
