ArticleiScience2026
Local electricity price effects of Bitcoin mining in renewable-rich energy systems.
Article in iScience, 2026. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.
What it found
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The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
The trial behind it
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Authors and funding
3 authors.
Funding
No grant is acknowledged in the PubMed record.
Abstract
Load-shifting is increasingly important in renewable-rich energy systems. Bitcoin mining is often cited as a large, theoretically flexible load. Despite electricity consumption rivaling medium-sized industrial economies, the energy market behavior and impacts of Bitcoin miners remain largely unexplored. We exploit the large-scale relocation of Bitcoin mining to Texas, which became the world's largest mining hub following China's 2021 ban, to estimate its effects on local wholesale electricity prices. Combining a hand-collected dataset on mining facility locations with high-frequency wholesale price data, we identify price impacts using a DiD design. We find that miners select into renewable-rich, high-GDP per capita counties with initially lower electricity prices on average. Entry has no robust effect on daytime prices but raises nighttime prices by 19.9%. Price separation widens most in already-stressed hours. Miners may curtail under extreme scarcity, but do not shift load across ordinary price cycles to complement renewable generation.
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