These power credits and other demand response payouts give Riot an industry-leading estimated electricity price of $29 per MWh. Other industrial electricity consumers can't achieve such low electricity rates, proving bitcoin miners' unmatched value to the grid.Why do bitcoin miners have the opportunity to provide these demand response services to the grid? Bitcoin mining is an energy-intensive and stable load that can be rapidly adjusted up or down with extreme precision at no extra cost. These factors make it the most flexible electricity-consuming process that exists.
Source: Riot Blockchain (July production update)