As the cryptocurrency industry evolves, mining Bitcoin (BTC) is becoming increasingly popular, with arguments in favor of its use to offset energy waste despite criticism over its effect on the environment. In fact, a study has shown that Bitcoin mining can reduce this effect by working together with solar storage systems.

Indeed, incorporating crypto mining into solar energy systems can improve the grids’ stability and scalability while at the same time keeping them cost-effective, as per the annual report ‘Big ideas 2023’ published by an American investment advisor and management company ARK Invest on January 31.

Specifically, the study states that “by increasing the size of its battery 4.6x and incorporating a Bitcoin miner, a solar system could provide 99%+ of end-user demand without sacrificing profitability”.

According to the company, this is because “Bitcoin mining machines are a useful energy tool: modular, moveable, and flexible, they pair well with intermittent energy resources like wind and solar installations.”

(ByAna Nicenko)