spencer

building big infrastructure projects. president of @sanghasystems. electricity, bitcoin, and redistribution of wealth

[spencer @bksmarr]

@robertwarren Let’s talk. DM me

[🇵🇷 DIRTY COIN: THE BITCOIN MINING DOCUMENTARY @DirtyCoinDoc]

Sangha Systems is screening STRANDED next week in New York City. It’s a free event with a really cool group of folks. 😊✊🗽

Eventbrite link to sign up:
https://t.co/XvEmCQjPDr

#stranded #bitcoinmining #documentary

[spencer @bksmarr]

@PoW_Blockspace @SanghaSystems @matslats @Meowfurian @dannyfeld23 @PeirceColin @MJayBe Feel free to DM me

[spencer @bksmarr]

@PoW_Blockspace @SanghaSystems @matslats @Meowfurian @dannyfeld23 @PeirceColin @MJayBe Yes

[spencer @bksmarr]

@asicsandapes @SanghaSystems @MJayBe @dannyfeld23 @PeirceColin

[spencer @bksmarr]

Looking forward to this chat with @SanghaSystems alum @asicsandapes. We get to kick it on old things and new things at the intersection of mining x energy x ordinals. https://t.co/nQILvozNAd

[Willem Middelkoop @wmiddelkoop]

Impressed with the team at Sangha Renewables (@sanghasystems), an energy-first #BTC #mining development firm, leading the way in working with renewable energy producers to provide curtailment mitigation services. They identify renewable energy sites with revenue headwinds and develop bitcoin mines that enhance the economics of selling renewable energy while keeping the cost of mining very competitive. #innovation

Reach out to my friend @bksmarr to get involved.

[spencer @bksmarr]

@AB_Brammer @adam3us Love that you’re taking up this charge, bro. Shit drives me nuts.

[Daniel Feldman @dannyfeld23]

#Bitcoin mining computers are valued by terra hash (TH), the unit used to rate data processing power. Each TH is 1 trillion hashes per second. Current miners run at over 100 TH/s. 18 months ago they cost up to $100 / TH. Now they cost $15. How much will they cost post halving?

[Daniel Feldman @dannyfeld23]

Over the last five years, a renewable energy producer deploying the best Bitcoin miners, would have received ~ $200/MWh, 5x typical solar and wind revenue in the United States.

[Daniel Feldman @dannyfeld23]

Instead of a market restricted by wires and poles, as @bksmarr says, “renewable energy companies can utilize 0s and 1s to sell electricity into a location-agnostic, instantaneous, highly liquid marketplace.”

[Daniel Feldman @dannyfeld23]

Bitcoin mining creates a global market for electricity that will encourage investment into renewable energy projects with a new revenue frontier. This is an historical and revolutionary technological advancement.

[Daniel Feldman @dannyfeld23]

When local demand is low, renewable sites face congestion and curtailment issues with no global market to sell into. These revenue constraints will worsen over time, not improve.

[Daniel Feldman @dannyfeld23]

Electricity is a local commodity that cannot be stored in warehouses or shipped, unlike global commodities, e.g., gold, oil, grains, gas, spices. Pricing, even in mature electricity markets, reflects local market dynamics.

[spencer @bksmarr]

Proud of the @SanghaSystems team for this!

[Robert F. Kennedy Jr @RobertKennedyJr]

Interesting argument that bitcoin not so bad for the environment after all. At the very least, environmental argument should not be used as smokescreen to curtail freedom to transact. #Kennedy24

https://t.co/0BNbIJ9eoD

[Willem Middelkoop @wmiddelkoop]

Bitcoin Mining & Renewable Energy

[spencer @bksmarr]

Good thread by @dannyfeld23 @MJayBe @PeirceColin and myself.

[Willem Middelkoop @wmiddelkoop]

Bitcoin Mining & Renewable Energy

[spencer @bksmarr]

@wmiddelkoop Bitcoin mining is the nexus of multiple converging commodity classes. Our work at @SanghaSystems is creating greater opportunities for energy companies to sell into a global market for electricity. This is unprecedented.

[Daniel Feldman @dannyfeld23]

A perfect match: Renewable Energy and Bitcoin Mining Their symbiotic relationship solves problems and makes the other better. This thread will explain why. Thread also by @bksmarr @peircecolin @MJayBe

[spencer @bksmarr]

@SolarInMASS Hey, I’d love to chat

[spencer @bksmarr]

@InternetHippo I went to high school with this guy, couldn’t be stupider.