The establishment of an ever-present, ever-hungry “energy buyer of last resort” is one of the least intuitive but most profound impacts #Bitcoin has on the world.

Electricity curtailment was estimated at 2.6% in the US in 2019, according to the EIA.

Yes, 2.6% of TOTAL electricity produced was outright wasted. ~107 BILLION kWh produced but not used.

(For context, that is almost 20x the amount of electricity the entire country of El Salvador consumed in 2019.)

Soon, virtually all curtailed energy will be used to mine Bitcoin instead, paying the producers to put it to productive use: securing the world’s most powerful network.