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Layer1 stabilizes Texas networks with ‘Bitcoin batteries’

May 23, 2020

The operator of the US Bitcoin Mining Data Center (BTC) USA Layer1 Technologies has used its mining containers as “Bitcoin batteries” that include large energy storage systems.

Layer1 claims that Its Bitcoin batteries will help stabilize the seasonal volatile energy market in Texas by releasing electricity to meet demand.

“By centralizing consumption and release of several megawatts per data center container, Layer1’s Bitcoin batteries stabilize national and local power grids that are often hit by demand shocks,” the company said.

Bitcoin batteries to stabilize the electricity market

Layer1 stabilizes Texas networks with ‘Bitcoin batteries’
Layer1 stabilizes Texas networks with ‘Bitcoin batteries’

With the installation of the Bitcoin batteries, Layer1 co-founder and CEO Alexander Liegl claims that the mining company is “The first company in the global bitcoin mining industry to consume large amounts of energy in times of market demand and start online with the push of a button.”

We are the first company to perfectly match the economic incentives of high power consumption for high-performance computing such as Bitcoin mining or cloud computing and the need for network stabilization by the regulatory authorities. Energy market.

The company plans Use of energy in response to local peaks in consumer demand, e.g. B. during heat waves, in which an increased use of air conditioning systems can threaten power outages.

Layer1 will repatriate 30% of global hash performance

In February, Layer1 Technologies outlined an ambitious plan to repatriate 30% of Bitcoin’s total hash rate in the U.S. by the end of next year.

Layer1 plans to be the industry’s first fully vertically integrated miner to offer 100 percent power generation, proprietary ASIC chips, and mining containers with a patent-pending liquid immersion cooling system that reduces electricity spend by 75%.

Large Chinese miners want to operate in the United States

Speaking to Cointelegraph, Adam Traidman, head of Ripple SBI Asia, testified that he already saw a “massive” east-west shift in the mining sector.

Traidman predicted a “large influx” of “wealthy Chinese miners” [que se mudarán] to the United States “for the next three years to highlight this Texas offers electricity prices that are often well below the $ 0.03 to 0.05 per kilowatt hour that miners in China pay.

However, Traidman noted that President Trump’s tariffs on China “really hurt” and added, “Once they are lifted, it will be a great acceleration.”