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by Eddy_Viscosity2 1001 days ago
Why doesn't the market decide, if the bitcoin miners got 20,000% rate increases they would stop on their own for free. If the rate goes to zero, they will surely jump in an use as much as their hardware can burn. Why are payments outside of rate changes necessary at all?
1 comments
bradfa 1001 days ago
Because the grid needs a very large consumer to stop RIGHT NOW and be under contract to do so when told. To get this contract, the grid promises money. There is no guarantee that adjusting the power cost for a customer will make them stop consuming power when it is needed. The contracts are in place to ensure the grid operator KNOWS that they can achieve stability when they need it.
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Eddy_Viscosity2 1001 days ago
Why can't the grid operator just put "we reserve the right to shut off your power if demand exceeds our capacity" in their TOS?
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