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15.02.26 - 03:12
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Bitcoin Mining & The Electricity Grid: A Quiet Savior (ZeroHedge)
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Bitcoin Mining & The Electricity Grid: A Quiet Savior
Authored by Joakim Book via The Mises Institute,
With all eyes on the winter storm raging through America last month, a silent hero was working in the background to keep the lights on.
And I don't primarily mean the emergency workers or the teams of electricians, foresters, and engineers that keep the power lines up and ice-free; these guys operate very much in the foreground, the public well aware of their critical work.
Before and during winter storms, the electricity supply becomes strained and household demand spikes—think space heaters, heat pumps requiring more juice, more lights turned on, and the natural gas system requiring more electricity for ordinary functions.
In Econ101 lingo, the grid is hit with a simultaneous leftward shift in supply and rightward shift in demand, explaining why electricity prices and natural gas prices shot up in recent days.
Most people think of electricity (or “energy” more broadly) as a stati...
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13.02.26 - 21:54
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Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years (ZeroHedge)
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Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years
Authored by Micah Zimmerman via BitcoinMagazine.com,
Brazilian lawmakers have reintroduced a bill to create a national Strategic Sovereign Bitcoin Reserve, known as RESBit, proposing the gradual acquisition of one million bitcoins over five years.
The bill, presented by Federal Deputy Luiz Gastão (PSD/CE), outlines a comprehensive framework to integrate Bitcoin into the country's financial strategy and diversify national reserves.
The proposed legislation establishes several guidelines for RESBit.
First, the plan calls for a gradual accumulation of at least 1,000,000 BTC over five years.
It prohibits the sale of bitcoins seized by Brazilian judicial authorities, ensuring that these assets remain within public control.
The bill also allows for the collection of Brazil's federal taxes in Bitcoin and offers incentives for public companies to engage in Bitcoin mining and storage.
Transparency is a central fea...
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