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Rich Godwin
@rich__godwin
Optimizing energy markets with Bitcoin Co-Founder, EVP - Cormint ERCOT Power Trader
Mining CompanyWest Texascormint.comJoined June 2013
1,789 Following
1,590 Followers

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Rich Godwin
@rich__godwin
I look at each of these eras as a protocol upon which the next layer is built. Protocol improvements and optimizations further down the stack produce non-linear benefits up the stack.
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Cory Swan.com #Bitcoin WORKS
@coryklippsten
Bitcoin is the 6th Technological Revolution 1) Industrial - beginning c. 1771 2) Steam & Rail - 1829 3) Steel, Electricity & Heavy Engineering - 1875 4) Oil, Autos & Mass Production - 1908 5) Information & Telecommunications - 1971 6) Bitcoin - 2009
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Rich Godwin
@rich__godwin
As a miner, I do not care nor do I want to know what you want to put in block space as long as you pay me enough to include it in a block.
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Rich Godwin
@rich__godwin
People who seek out work environments like this are also those who produce the least amount of value. Bull markets provide margins that can sustain paying these people. The little work they actually do still provides some marginal benefit. Bears markets make them expendable.
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unusual_whales
@unusual_whales
Who didn't see this coming?
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Rich Godwin
@rich__godwin
My little guy can name just about any construction vehicle he sees. So he was pumped to get to ride the skid steer today!
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Rich Godwin
@rich__godwin
Nice work with this game,
@PlaySHAmory
! Got it as a Christmas gift for my daughter and I to play. Neat and creative way to explain to my 4 year old what my company does to support the Bitcoin network!
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Rich Godwin
@rich__godwin
Might be a controversial take, but I gotta say it Marfa SUCKS $20 breakfast sandwich $12 lattes $150 for a couple pizzas, salads, and wings Everyone is so haughty and pretentious The community puts on that they're so inclusive but literally prices out everyone.
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Rich Godwin
@rich__godwin
ERCOT will never be a truly deregulated market if ERCOT can run RUCs after DA pricing is set. RUCs are a loophole for ERCOT to reduce pricing volatility which lends to the perception of increased reliability. But reduced price volatility /= increased reliability.
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Doug Lewin
@douglewinenergy
Reliability Unit Commitments (RUCs) are out of control. These out-of-market actions have massively distorted the market. They're RUC-ing units on days where there's no reason to do so. #txlege #txenergy ercot.com/files/docs/202
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Rich Godwin
@rich__godwin
Bitcoin mining is a really interesting development, because bitcoin itself sits atop the entire stack in this list. Yet, mining optimizes for the efficient delivery of electrons and for the efficient consumption of energy - both of which are underlying protocol improvements.
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Rich Godwin
@rich__godwin
The "imminent" return of Freeport is overstated.
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Celsius Energy
@CelsiusEnergyFM
#Natgas gaps down in Sunday electronic trading, dropping below my $6/MMBTU downside target after the near-term temperature outlook trended milder for Dec 5-12. Prices are likely approaching a near-term bottom due to the prospect of Freeport’s imminent return & a colder mid-month.
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Rich Godwin
@rich__godwin
McCarthy Building Companies is suing Core Scientific for failure to pay re: construction performed at Core's Denton, TX site. $4.7M + interest + attorney's fees
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Rich Godwin
@rich__godwin
Listen to this and tell me it wasn't orchestrated:
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Whitney Webb
@_whitneywebb
NEW - @MartyBent and @LibertyBlitz joined me to unravel the network behind the rise of Sam Bankman-Fried & FTX. We went far beyond the fraud at FTX & looked at the networks that brought SBF to power & were using him as a front for a dangerous agenda. rokfin.com/post/109744/Th
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Rich Godwin
@rich__godwin
My theory is that FTX blew up before the orchestrators intended. They wanted FTX to sink its teeth into the tradfi system to multiply the magnitude of the failure. Now they're manufacturing the narrative they would have more easily spun had FTX collapsed when it was intended.
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Izabella Kaminska
@izakaminska
Whoa. Thought this might be ironic at first. But looks real. We are now at the point of late stage system corruption where outright fraud is being represented as being something supposedly genius. It’s Mavrodi crossed with Robin Hood/Pablo Escobar. cepr.net/sam-bankman-fr
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Rich Godwin
@rich__godwin
The *actual* rules of the game are being revealed. As long as you donate some of your loot to the Democratic party, you can perpetrate as much financial crime as you like.
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WSJ Markets
@WSJmarkets
When Sam Bankman-Fried’s crypto empire went down in flames, so did his plans to save the world on.wsj.com/3OG0l91
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