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The telecommunications giant Deutsche Telekom is behind the Mining project.
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They are looking for Bitcoin miners to stabilize energy production peaks.
Deutsche Telekom, through its subsidiary MMS, in collaboration with the German bank Bankhaus Metzler, began a pilot project to use Bitcoin mining to stabilize Germany’s electrical grid. This project takes advantage of surplus energy from renewable sources, which would otherwise not be used, due to grid access limitations and lack of storage options.
The main objective is to validate if mining Bitcoin can work effectively as a power regulator in Germany, similar to what has already been successfully tested in the United States and Finlandas explained in a press release this Monday.
According to Deutsche Telekom, in the long term, the data collected in this pilot project could contribute to the stabilization of the network during energy fluctuations that stress it. Additionally, wind and solar energy producers could benefit, thus solving the challenge of unpredictable power regulation.
The company explains that the Bitcoin miningthanks to its flexibility in energy use, could play a crucial role in balancing the supply and demand of electricity.
The mining company Metis Solutions GmbH will manage the accommodation of Bitcoin miners for this project. The mining containers are located at the facilities of Riva GmbH Engineering, in the city of Backnang, a company that also generates its own electricity through solar panels.
Deutsche Telekom MMS, for its part, will handle the operation of the devices. Together with Bankhaus Metzler, “data tests and evaluations are being defined and analyzed, also exploring the possibilities of financial services with digital assets,” the company notes.
Oliver Nyderle, head of Web3 Infrastructure at Deutsche Telekom MMS, commented that they are “testing the regulatory effect of Bitcoin miners on the energy network.” “We convert surplus energy into digital values, which we call digital monetary photosynthesis,” he said.
Now, the company It does not clarify what type of Bitcoin mining ASIC they will use, nor the brand, model or even quantity of devices that will be used to mine and at the same time contribute to the German electrical grid.
In any case, Telekom has already been linked to Bitcoin. In a blog published today, Telekom researcher and blogger Benjamin Balzer, mention that Bitcoin is not only an asset, but also an energy converter. It indicates that the miners They can regulate their energy consumption in a matter of secondsallowing them to flexibly adjust to excess energy on the grid.
The cases that inspire Deutsche Telekom
Overall, the Deutsche Telekom project is inspired by cases seen in Texas, United States, where Bitcoin miners use excess energy from oil production to contribute to the stability of the electrical grid in that region.
An iconic case is the one that dates back to 2022, when Texas went through a major heat wave and the miners decided, of their own free will, turn off machines due to high energy demand peaks by the population of that southern US state, as reported by CriptoNoticias.
Since then, it began to be demonstrated that, faced with peaks in energy supply and demand, Bitcoin miners They can turn their equipment on and offwhich is convenient for national electrical networks.
For Balzer, Bitcoin has evolved from a revolutionary idea to an established digital asset, with a growing impact on both the financial world and the energy industry. Although it consumes a large amount of energy, its benefits such as decentralization, security, resistance to censorship, and the ability to convert energy into digital value, justify its use, in his opinion.
Another notable case is Finland, where there are plans for Bitcoin miners to Protect the families of the town of Satakunta from the cold. As reported by CriptoNoticias, the Marathon company wants to take advantage of the heat emitted by the machines to bring district heating to the more than 11,000 inhabitants of that town.
This pilot project joins other initiatives in Germany to integrate Bitcoin into its economy. Recently, major German banks have begun offer Bitcoin services to its customers, and a strong community has influenced even in the German Parliament, as reported by CriptoNoticias.
The Deutsche Telekom and Bankhaus Metzler experiment not only seeks an energy solution, but also opens the door to new applications of Bitcoin, promising a deeper interaction between this emerging technology and energy management.
This article was created using artificial intelligence and edited by a human Editor.
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