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Local electricity price effects of Bitcoin mining in renewable-rich energy systems

Maximilian Gill1, Jona Stinner1,2, Marcel Tyrell1

  • 1Department of Philosophy, Politics & Economics, Witten/Herdecke University, Alfred-Herrhausen-Straße 50, Witten, Germany.

Iscience
|October 5, 2026
PubMed

Keywords:
Bitcoin miningdemand flexibilityelectricity marketsenergy and sustainability

Related Concept Videos

Electrical Energy01:10

Electrical Energy

Using electric appliances for a longer period of time consumes more electrical energy and results in a higher electric bill. The energy produced by the transfer of electrons from one point to another is known as electrical energy. If power is delivered at a constant rate, the electrical energy can be defined as the product of power used by the device for a period of time. The energy unit on electric bills is the kilowatt-hour, where one kilowatt-hour is equivalent to 3.6 × 106 joules. The...
Energy Associated With a Charge Distribution01:21

Energy Associated With a Charge Distribution

The work done to bring a charge through a distance r is given by the potential difference between the initial and the final position. To assemble a collection of point charges, the total work done can be expressed in terms of the product of each pair of charges divided by their separation distance, defined with respect to a suitable origin. Solving this expression gives the energy stored in a point charge distribution.
Electrical Power01:07

Electrical Power

Electric power is the product of current and voltage, represented in units of joules per second, or watts. For example, cars often have one or more auxiliary power outlets with which you can charge a cell phone or other electronic devices. These outlets may be rated at 20 amps and 12 volts, so that the circuit can deliver a maximum power of 240 watts. Consider a 25 Watt bulb and a 60 Watt bulb. The conversion of electrical energy produces heat and light, while the kinetic energy lost by the...
Back EMF01:24

Back EMF

Generators convert mechanical energy into electrical energy, whereas motors convert electrical energy into mechanical energy. A motor works by sending a current through a loop of wire located in a magnetic field. As a result, the magnetic field exerts a torque on the loop. This rotates a shaft, extracting mechanical work from the electrical current sent in initially. When the coil of a motor is turned, magnetic flux changes through the coil, and an emf (consistent with Faraday's law) is induced.
Energy and Power Signals01:17

Energy and Power Signals

In an electrical system with a resistor, voltage and current signals facilitate the measurement of power and energy across the resistor. For a continuous-time signal, the total energy over a time interval is defined as the integral of the square of the signal's magnitude over that interval. Mathematically, this is expressed as:
Power and Energy01:12

Power and Energy

The power and energy delivered to an element are subjects of great significance in the field of electrical engineering. It is a well-known fact that a 100-watt light bulb emits more light than a 60-watt one. Therefore, power and energy calculations play a crucial role in the analysis of electrical circuits.
Power, defined as the time rate of expending or absorbing energy, is quantified in units called watts (W). The relation between power and energy is mathematically given as