So the "cryptobros" think this is new and exclusive for crypto? No and no. Their hype to damage ratio is starting to match those of tobacco companies.
Eg: google/facebook datacenters, aluminum smelters, factories, etc.
Just turn off fossil based plants and you reduce needed max capacity.
Didn't know we have too much energy with a low carbon footprint.
Also there is economic harm in shutting down mining I.e loss of mining fees.
https://www.bloomberg.com/news/articles/2021-12-22/europe-s-...
> "I think it's clear that one of the issues facing aluminum is that it is costly to bring down smelting capacity and even more costly to bring it back up again," Harvey said during a virtual presentation at the Bank of America Securities Global Metals, Mining & Steel Conference. "I think it has tended to be a relatively slow process for producers to come to those decisions."
> Harvey said each potline at a smelter requires about $25 million to restart, which made it challenging for operators to reach curtailment decisions.
https://www.spglobal.com/platts/en/market-insights/latest-ne...
For industrial, they can establish peak-times and broadcast the pricing info. So maybe not "seconds" but they can react to demands and pricing. It is possible (and depending on the industry, likely) that some industries do have backup power on site, so they switch to that and stop using grid power.
Boggles my mind how some think it's acceptable.
Nest Thermostat offers many features to automatically do this if users want it, both to save money, as well as to help the planet. Full disclosure, I work at Google, but not Nest.
https://support.google.com/googlenest/answer/9244031