Bitcoin, a battery of value. Part 2

Bitcoin is currently an alternative to using energies like::

Unused energies

Energies from generation sources that generate a surplus to their needs, or generation sources that cannot use an already installed maximum supply capacity and that are not used sufficiently due to a lack of infrastructure for the distribution of the surplus or due to asynchrony between the availability of energy and your energy Demand.

One case study is renewable energies, those energies obtained from virtually inexhaustible natural sources, either because of the immense amount of energy they contain or because they can be regenerated naturally.

Bitcoin, a battery of value. Part 2
Bitcoin, a battery of value. Part 2

Include renewable energies Wind, geothermal, hydropower, tides, sun, wave energy, biomass and biofuels.

Read on: Bitcoin, a battery of value. Part 1

Wind power

Wind energy is the energy that is obtained from the wind In other words, it is the use of the kinetic energy of the air masses, which in daily human activities can be converted into mechanical energy and from that into electricity or other useful forms of energy.

Wind energy is nothing new Along with thermal energy, it is one of the oldest energies. Wind as a driving force has been used since ancient times. The wind has moved ships by means of sails or made the machines of the mills run by moving their blades. After a period when it was gradually abandoned from the 1980s onwards, this type of clean energy was reborn.

The winds are created by the uneven heating of the earth’s surface due to solar radiation. between 1 and 2% of the energy coming from the sun turns into wind. During the day, continents transmit more solar energy into the air than water masses, which causes the air to heat up and expand and thus become less dense and rise. The colder and heavier air that comes from the seas, oceans and great lakes is set in motion to take up the space that the hot air leaves behind.

In order to be able to use wind energy, it is important to know the daily, nocturnal and seasonal fluctuations in the winds, the fluctuations in wind speed with height above the ground, the unit of gusts in short periods of time and the maximum values ​​that have occurred. in historical data series with a minimum duration of 20 years.

Wind energy is fairly stable and predictable on an annual scale, although it fluctuates significantly over smaller periods of time. As the proportion of wind power generated in a given region or country increases, it is important to make a number of improvements to the local power grid. Various energy control techniques, such as For example, increased energy storage capacity, a wide geographical distribution of wind turbines, the availability of backup energy sources, the ability to export or import energy to neighboring regions, or the reduction in demand when wind production is lower and can contribute to these problems to mitigate considerably. Also, Wind generation forecasts are extremely important in order to prepare grid managers and anticipate the foreseeable fluctuations in wind generation that can occur in the short term.

The installation of wind energy requires a significant initial investment but does not incur any fuel costs later. . The price for wind energy is therefore much more stable than the prices for other fossil energy sources, much more volatile. The marginal costs for wind power are usually less than 1 US cent per kWh after the plant has been built and operated.

Wind energy is an abundant, renewable and clean resource that helps reduce greenhouse gas emissions by replacing fossil fuel-based energy sources. In addition, the environmental impact of this type of energy is generally less of a concern than that of other energy sources.

Bitcoin can serve as storage for wind energy. An alternative to mitigating the variability of winds, although predictable in the long run, is an option in Bitcoin mining, as Bitcoin’s energy consumption is constant and uninterrupted.

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Wind, a driving force with low marginal costs but inconsistencies in availability, means that there is not a perfect match between the supply of energy from installed capacity and the demand for energy consumption.

Bitcoin can be used as a battery of value to monetize unsaved energy and serve as collateral for maximizing the efficiency of the wind power business model.

solar power

Solar energy is a renewable energy that is obtained through the use of electromagnetic solar radiation. The solar radiation that reaches the earth has been used by humans since ancient times through various technologies that have evolved. The heat and light from the sun can now be used with various collectors such as photo cells, heliostats or solar collectors and converted into electrical or thermal energy. It is one of the so-called renewable or clean energies that could help solve some of the most pressing problems that living things are facing right now.

The earth receives 174 petawatts of incident solar radiation (solar radiation) from the highest layer of the atmosphere. About 30% return to space, while clouds, oceans, and landmasses absorb the rest. The electromagnetic spectrum of sunlight on the earth’s surface is mainly occupied by visible light and the infrared range with a small part of ultraviolet radiation.

The radiation output varies depending on the time of day, the atmospheric conditions that dampen them, and the latitude. Under acceptable radiation conditions, the power at the earth’s surface is approximately 1000 W / m². This force is called irradiance. Note that globally practically all radiation received is re-emitted into space, otherwise an abrupt warming would occur. However, there is a notable difference between the radiation received and the radiation emitted.

Radiation absorbed by oceans, clouds, air and land masses increases their temperature. The heated air contains evaporated water that rises from the oceans and partly also from the continents and causes atmospheric circulation or convection. As the air rises to the upper layers, where the temperature is low, its temperature drops until the water vapor condenses into clouds. The latent heat of the condensation of the water increases the convection and creates phenomena such as wind, storms and anticyclones. Solar energy, absorbed by the oceans and land masses, keeps the surface at 14 ° C. For photosynthesis of green plants, solar energy is converted into chemical energy, which produces food, wood and biomass, which are also used to produce fossil fuels.

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The total energy absorbed by the atmosphere, oceans and continents is estimated at 3,850,000 exajoules per year. In 2002, this energy in one hour was equivalent to the global energy consumption for one year. Photosynthesis captures around 3000 EJ per year in biomass that it is only 0.08% of the energy received from earth. The amount of solar energy received annually is so great that it is roughly twice as much as all energy ever produced by other non-renewable energy sources such as oil, coal, uranium and natural gas.

Solar radiation peaks around noon, but energy demand peaks in the morning and late afternoon, which represents a discrepancy between electricity generation and demand. This results in the creation of excess energy that is reduced, wasted, or sold at low or negative prices. Bitcoin mining constantly consumes energy and provides a mechanism for responding to demand that can help stabilize the energy grid by removing price spikes, balancing energy needs, and realigning economic incentives. Eventually, it would be possible to reduce the negative prices that allow the further growth of renewable energy sources.

Bitcoin can be used as a battery of value to minimize the impact of the discrepancy between power generation and demand, as a backup means for power consumption on site and at the time of availability.

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