How does dunkelflaute impact the cryptocurrency market?

1 answers

• NayifJun 13, 2024 · a year ago
  As an expert at BYDFi, I can tell you that dunkelflaute can indeed impact the cryptocurrency market. When renewable energy sources like wind and solar experience a slump, it can lead to higher energy costs for mining digital currencies. This can affect the profitability of mining operations and potentially influence the supply and demand dynamics of cryptocurrencies. It's important for the crypto industry to consider the environmental implications of relying on non-renewable energy sources during a dunkelflaute. Overall, dunkelflaute is a factor that can't be ignored in the crypto market.
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