WBD492 - Bitcoin Energy Markets with Shaun Connell (). We discuss:
- Trading & hedging in energy markets
- Balancing grids with energy demand-response
- Ramping nuclear energy with #Bitcoin mining
- Viability of renewables, mining, & the grid
whatbitcoindid.com/podcast/bitcoi
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“Since your Bitcoin mining site can be dialled up and dialled down... you’ve just put a supercharger on your nuclear plant; you can now actually provide flexibility to the grid because you have the ability to ramp your nuke, through the Bitcoin mining.”
— Shaun Connell
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Incredible episode. My mind is blown yet again. Feels like decarbonisation of the grid can not happen in the desired time frame without #Bitcoin mining. Mining revenue trending towards zero over time also seems necessary. Puts an end to the e-waste FUD too.
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So as we build out renewable grids we need Bitcoin to balance load and fossil fuels are important as emergency generation if renewables have bad periods.
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thanks for sharing all that info, learned a lot!
I didn't quite get how miners get grid rates for turning off during a demand spike
Is the arrangement: miner pays power provider fixed rate & gets paid grid rate in return?
Any suggested readings to learn more?
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