Store of Energy

Simple power plant economics intro: Power plants all over the world operate on same cycle (in a phase shift, depending where they are): high demand, energy shortage, high price during day-hours; low consumption, energy surplus, low price during night-hours. Power companies trade energy all the time, paying premium during the day, and invest lots in storing surplus energy over the night (to sell during the day when the price is high). There isn't an efficient way to store electrical energy.

Enter Bitcoin.

Why don't they mine BTC with cheap energy surplus they got during the night? And then, obviously, buy energy with it during the day. As volatile BTC may be, the price can't change that much in 12 hours. Then BTC effectively becomes a Store of Energy: SoF. I think have a new new paradigm here!

submitted by /u/hipokampa
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