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How utilities actually model Bitcoin miners on the grid

Inside the spreadsheets power companies use to price flexible load.

miningBy Satoshi GazetteJan 8, 2025
#energy#policy

Miners love to say they are a ‘flexible load’. Regulators and grid planners hear that and immediately ask: what does the spreadsheet look like?

In practice, utilities run scenarios that focus on ramp rates, curtailment frequency, and how quickly a site can respond to price signals. They care less about Bitcoin and more about whether your facility behaves like a controllable industrial asset.

Key variables inside the utility model

  • Ramp-down time from full load to safe minimum.
  • Minimum run hours per day for your economics to make sense.
  • How much notice is required before curtailment.
  • Credit quality and length of the offtake agreement.

If you can express your project in those terms — not just terahash and block rewards — you’re speaking the same language as the planner on the other side of the table.

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