BitJim

Study Bitcoin ~~~~~ The Orange Pills

[BitJim @BitJim_OP]

Gli effetti di Bitcoin su laggente…

Per gentile concessione di @SpudFNVPN 😁

Orange Pills - Only on #RagnopoliodiStato

[21Mario @DR21Mario]

https://t.co/dzenJIELef

[Daniel Batten @DSBatten]

When there is no negative news about Bitcoin mining any more, one option writers have is non-evidence based speculation about what "could happen in the future"

Just like the WEF ran the headline in 2017 "Bitcoin could use all the World's energy by 2020"

Emulating a 2.0 version of this headline, @bitcoinnews (https://t.co/CazjRY3bY2 News) just ran the headline

"Alert: Bitcoin Mining Could Collapse Paraguay's Power Grid by 2029" by writer @SergioGoschenko's, who's X profile describes himself as a "VeChain & Cardano Community Developer"

Unsurprisingly, the article contains no data, no analysis, no calculations, no trendline examination, no interview with anyone who understands Bitcoin mining, grids, or even Moore's Law that would reveal the absurdity of this claim.

Rather a quote from a single Paraguayan politician, speculating on a hypothetical scenario using parameters that would never eventuate.

Do better @BitcoinCom

[Marco Costanza @marcocostanza_]

Se mi seguissi su YouTube vedresti che ogni mattina parliamo di tutt’altro. Ma perdite di tempo dietro ad altcoin che scompariranno tra 2 anni anche no

[Daniel Batten @DSBatten]

Bitcoin mining works on grids the same way noise cancellation headphones work:

Variable Renewable Energy (VRE) comes in waves.
Bitcoin mining can peak where VRE troughs, and trough where VRE peaks

This puts the grid back in harmony and means you can have more VRE on the grid

[Daniel Batten @DSBatten]

The article you cite has been dismissed by the Digital Assets Research Institute for containing fundamental flaws, and using selective and no-longer contemporary data-sets.
source: https://t.co/VYkDfo08zn

What should we call it when a team of economists with no domain expertise in Bitcoin ignore the scientific consensus (16 of the last 18 studies on Bitcoin and energy) and publish an article in a low ranking journal?

What should we call it when the Bulletin of Atomic Scientists, who claim to care about Climate Science, write up their study while also ignoring the scientific consensus.

Is this not exactly the same tactic that climate deniers use?

Do better.

[BlueWallet @bluewalletio]

Always! Learn and test:

- How to recover your wallet
- How to do a transaction

Start with the simple things 🫡

[Lugano Plan ₿ @LuganoPlanB]

Lugano just brought the “Change My Mind” meme to life.

Yesterday, @giacomozucco took on the public in a fiery debate over “Bitcoin Only” at the brand-new Bitcoin innovation co-working space, @pow_space.

No altcoins. No compromises. Just pure Bitcoin conviction.

Would you step up to the table to debate Giacomo ? 🟧⚡

[Daniel Batten @DSBatten]

So far this year, UK has wasted $417 Million in 78 days by not mining Bitcoin.

(Enough to bring over 100,000 of its pensioners out of winter energy poverty)

[Daniel Batten @DSBatten]

Solar is a cool technology. What's more intuitively appealing than capturing the abundant energy of the sun. It's efficient, renewable, zero marginal cost power

But have government subsidies for solar ever worked? There's a litany of examples of where they haven't

And yes Bitcoin mining fixes every single case, by buying up wasted/ stranded solar energy that got overbuilt in the wrong places due to government subsidies.

Bitcoin mining helps politicians by making short-sighted political decisions look smart after the fact.

Receipts below for the data-hungry

Greece received EU subsidies and national incentives to expand renewables post-2008. Solar farms were built rapidly under feed-in tariffs (FiTs)

They are underutilized due to
1. Grid Congestion: Many solar farms in Crete and the Peloponnese faced curtailment due to insufficient grid capacity to handle surplus solar power

2. Economic Crisis: Reduced energy demand and delayed grid upgrades led to underused capacity. After 2013, subsidy cuts left some projects financially unviable

Northern Territory (NT), Australia received solar subsidies through its "Roadmap to Renewables" program. This incentivized solar farms like the 10 GW Sun Cable project (now paused) and the Darwin-Katherine Battery & Solar Farm

They are underutilized due to

1. Low Population Density meets Transmission Gaps: Few people live in NT, and there's a lack of infrastructure to export surplus energy to more populated southern states

2. Storage Shortfalls: Projects like the Uterne Solar Plant (Alice Springs) struggled with intermittent demand and battery limitations

Spain also received FiTs subsidies. This led to massive solar farms like Andasol (150MW)

They are underutilized due to

1. Post-2010 austerity measures: subsidies were slashed, and without subsidies the projects were uneconomic. This bankrupted operators and lefts plants abandoned (e.g: PS10 near Seville)
2. Grid Overload: Solar oversupply in regions like Extremadura caused curtailment
3. Legacy Plants: Older facilities now operate at reduced capacity due to outdated technology

Texas received solar subsidies through Federal tax credits (ITC) and state incentives (e.g: Roserock Solar Farm, 328 MW)

They are under-utilized due to
1. Grid Constraints: Congestion in W.Texas limits solar export to cities like Dallas
2. Curtailment: Solar farms in the Permian Basin compete with wind and fossil fuels, leading to wasted energy during low-price periods
3. Market Volatility: Subsidies encouraged overbuilding, but falling power prices reduce profitability

China:
Gansu's subsidized "solar bases" in deserts face ~30% curtailment due to grid bottlenecks and overcapacity. In Xinjiang, large farms like Hami Solar Park export under 50% of capacity due to transmission limits

India:
The Rajasthan Solar Zone faces Grid congestion, while delayed transmission projects force curtailment at massive solar parks like Bhadla (2.2 GW). In Andhra Pradesh: after-the-fact tariff renegotiations left solar farms financially strained

South Africa: Subsidized REIPPPP Projects led to solar farms like KaXu Solar One (100 MW) which faces grid instability and load-shedding, reducing utilization

Chile (Atacama Desert): Solar farms like El Romero (246 MW) exports less than 60% capacity due to transmission gaps to Santiago

[Jimmy Song (송재준) @jimmysong]

Bitcoin's UX problems are overrated, the bigger problem is that people aren't used to and don't like taking personal responsibility over their own wealth.

[Daniel Batten @DSBatten]

We are now 2 years in to Bhutan's Bitcoin experiment.
That means we now hae some good data on how it has affected the economy.

The IMF warned that nations embracing Bitcoin would destabilize their economy, be less effective at attracting foreign direct investment, and endanger their decarbonizing and environmental initiatives.

What does the data say:

1. The bitcoin reserves have directly addressed pressing fiscal needs. "In June 2023, Bhutan allocated $72 million from its holdings to finance a 50% salary increase for civil servants"

2. Bhutan was able to "use Bitcoin reserves to avert a crisis as foreign currency reserves dwindled to $689 million"

3. Prime Minister Tshering Tobgay in an interview said that bitcoin also "supports free healthcare and environmental projects"

4. Tobgay also said their Bitcoin reserves helped in "stabilizing [the nation’s] $3.5 billion economy"

5. Independent analysts have now said that "this model could attract foreign investment, particularly for nations with untapped renewable resources"

Considering how the IMF analysis was not just wrong, but roughly 180° off target, it begs the question, was the IMF's predictions ever based on data?

Or maybe they just possibly have had another agenda in predicting the adverse impact of any nation embracing Bitcoin?

[Daniel Batten @DSBatten]

What if the solution were right under our nose?

"The amount of solar/wind a grid can handle is ~50% before you start to max out.

With Bitcoin mining as a load balancer, that increases to ~70%"

Kenji Tateiwa 立岩 健
Energy Expert, CEO at Agile Energy X (subsidiary of TEPCO)

[Federico Rivi⚡️💀 @federico_rivi]

Strategic Bitcoin Reserve.

Daddy Stato ha detto che non venderà i bitcoin ottenuti tramite l'estorsione (e ne siete felici);
Così facendo, Daddy Stato ha legittimato l'immagine di bitcoin agli occhi del mercato (e ne siete felici);
Daddy Stato ha detto anche che forse, in futuro, potrebbe comprare bitcoin vendendo altre proprietà (e ne siete felici).

Avete preso il biscottino che vi aveva promesso Daddy Stato e ora scodinzolate.

Questo siete diventati, cari bitcoiner: gli amici a quattro zampe di chi vi ha promesso il nulla assoluto, condito dal sapore dell'estorsione di Stato. Mi aspetto che diventiate anche i suoi cani da guardia.

We are not the same.

[Bitcoin Italia Podcast @bip_show]

SWAG è fallita e i clienti hanno perso tutto.
Il cloud mining è sempre una truffa, noi ve l’abbiamo detto chiaro e tondo un anno fa al BitCare Forum.
Noi ce la mettiamo tutta ma… forse… è come dice Wanna…

[Documenting ₿itcoin 📄 @DocumentingBTC]

For the first time in a century, this Pennsylvania land has been returned to nature. The Bitcoin mining company Stronghold has removed 150,000 tons of coal waste and restored what was lost for generations.

Before Bitcoin: After Bitcoin:

[Daniel Batten @DSBatten]

If you wanted more evidence that IMF see BTC as a serious threat, IMF loan conditions for El Salvador mention Bitcoin 221 times

(great number by the way 🤣)

And very bullish that they're dedicating so much attention to fighting it

[rikki 🏴‍☠️ @Rikki6ixx]

Now that we know how it ended, can we sit down for a moment and reflect?

What do we need a bitcoin country for?
Why are we rooting for politicians?
Isn't bitcoin from the people for the people?

Honest questions.

[Bitcoin Italia Podcast @bip_show]

I consigli finanziari: quelli veri.

[Bitcoin Italia Podcast @bip_show]

Donald Dump

[Daniel Batten @DSBatten]

Bitcoin mining on landfills remains one of the most outrageously net positive things you can do for the environment.

We're still looking for more landfill sites that are currently venting (not flaring), and are unable to sell power to the grid.