Bitcoin Mining to Reduce the Renewable Curtailment: A Case Study of Caiso

@article{Shan2019BitcoinMT,
  title={Bitcoin Mining to Reduce the Renewable Curtailment: A Case Study of Caiso},
  author={Rui Shan and Yaojin Sun},
  journal={Development Economics: Agriculture},
  year={2019},
  url={https://api.semanticscholar.org/CorpusID:219382864}
}
A case study on CAISO, analyzing the profitability of deploying the Bitcoin mining machines at renewable power plants to mitigate curtailment and there is a tradeoff between curtailment usage rate and machines’ capacity factor.
View on SSRN
doi.org
11 Citations
Highly Influential Citations
2
Background Citations
2

11 Citations

Bitcoin’s Carbon Footprint Revisited: Proof of Work Mining for Renewable Energy Expansion

Overall, the paper suggests a re-evaluation of the environmental impact of Bitcoin mining, highlighting its potential role as a facilitator for renewable energy expansion, and decarbonization more broadly.

Bitcoin's Carbon Footprint Revisited: Proof of Work Mining for Renewable Energy Expansion

It is found that a net-decarbonizing effect led by renewable-based mining is indeed plausible and systematized both the strengths and the limitations of mining to provide FLR services for energy grids.

SoK: Bitcoin, Energy Consumption and Environmental Impact

It is shown that a net-decarbonizing energy grid decarbonization led by renewable-based mining is indeed plausible and systematized both the strengths and the limitations of mining to provideible load response services for energy grids.

Hedging renewable energy investments with Bitcoin mining

Cryptocurrency mining to hedge renewable energy investments: A decision-support tool

Cryptocurrency mining has been proposed to supplement conventional electricity exporting as a revenue stream with a view to improving the financial performance of renewable energy projects. To…

A Simulation Approach to Investigate the Interaction of Digital Currency Mining Farms and Greenhouse Crop Production

A new approach based on simulation for the integration of digital currency mining and planting and harvesting systems of greenhouse products is presented, paying more attention to the interactions between the energy dynamics of digital currency extraction and climate characteristics in the production of greenhouse products.

Market Mechanisms for Reducing Emissions and the Introduction of a Flexible Consumption Tax

Since its founding institutions the European Economic Community and Eratom, the European Union has paid great attention to energy issues. However, its powers have been updated in relatively recent…

Exponential Science Discussion Paper Series

,

Energy Efficiency Improvement by Integrating Cryptocurrency Miners in An Energy Hub Framework

Can Texas mitigate wind and solar curtailments by leveraging bitcoin mining?

20 References

Bitcoin's Growing Energy Problem

Solar energy curtailment in China: Status quo, reasons and solutions

Bitcoin for energy commodities before and after the December 2013 crash: diversifier, hedge or safe haven?

ABSTRACT We study the relationship between Bitcoin and commodities by assessing the ability of Bitcoin to act as a diversifier, hedge, or safe haven against daily movements in commodities in general,…

Bitcoin mining and its energy footprint

It is concluded that specialist hardware is usually required to make Bitcoin mining profitable, and it is shown that the power currently used for Bitcoin mining is comparable to Ireland's electricity consumption.

Modeling and Simulation of the Economics of Mining in the Bitcoin Market

The goal of this work is to model the economy of the mining process, starting from GPU’s generation, the first with economic significance, and reproduces some “stylized facts” found in real-time price series and some core aspects of themining business.

Wholesale electricity market design with increasing levels of renewable generation: Revenue sufficiency and long-term reliability

Overbuilding & curtailment: The cost-effective enablers of firm PV generation

The Carbon Footprint of Bitcoin

The external costs of Bitcoin are gauged to inform the broader debate on the costs and benefits of cryptocurrencies and determine the annual electricity consumption of Bitcoin to be 45.8 TWh and carbon emissions to be 22.9 MtCO2.

Decarbonizing Bitcoin: Law and policy choices for reducing the energy consumption of Blockchain technologies and digital currencies

Automated Bitcoin Trading via Machine Learning Algorithms

This project attempts to apply machine-learning algorithms to predict Bitcoin price by modeling the price prediction problem as a binomial classification task, experimenting with a custom algorithm that leverages both random forests and generalized linear models.