BTC mining companies are HELPING electric grids.

You read that right.

Many have partnered with grid companies.

You see, it is hard for the utilities to adjust- throttle production up and down. It takes days and there’s a lot of waste. So many have agreements with large mining companies. It is much easier for server farms to throttle usage. So what they are doing is now the utility companies get to run at a more constant rate. When demand goes up, mining rigs are turned down. When demand goes down, mining rigs are turned up. The mining companies get a discounted rate for being so cooperative and the electric companies are more efficient by running a constant rate. Everybody wins.