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Tesla has applied to Ofgem for a licence to sell electricity to UK homes and businesses. Pair that with Powerwalls, Megapacks and Bitcoin mining and you have a perfect grid balancing tool that can soak up excess wind power and power down instantly when needed. At @BitcoinPolicyUK we have long argued this makes business sense and it clearly does. Why can’t our government and energy companies get on board? The challenge? UK politics, regulation and outdated mining FUD. The full BBC article: https://www.bbc.co.uk/news/articles/c3v3333rlp7o Read our demand response paper: https://img1.wsimg.com/blobby/go/aea8e937-fd18-400f-afd9-c3513112c757/downloads/d3850229-208c-4385-9b86-2e82fd55cc6c/UK%20Power%20Grid%20Bitcoin%20Mining%20as%20a%20Demand%20Side%20.pdf
2025-08-12 11:04:51 from 1 relay(s) 1 replies ↓
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Well done paper. Is it targeting the government policy or industry or both? Given what I’ve witnessed of the UK gov’t these past few years, it would seem a lost cause to even attempt to give them anything logical to do. Better to just promote direct to individual business owners who might be able to negotiate better electrical pricing rates with energy suppliers, or building their own “renewable” solar and wind projects and getting kickbacks from the gov’t while running their own Bitcoin mining ops to profit themselves. The UK (and multinational) banks certainly wouldn’t want this policy to succeed. It would improve stability, not create arbitrage “opportunities” (aka, famine, war, plague, etc).
2025-08-12 11:19:46 from 1 relay(s) ↑ Parent Reply