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
Appeared on finance legend Jeffrey Wernick’s podcast yesterday. Discussed bitcoin mining and renewable energy. Would love it if you clicked the link and listened. Fascinating guy. #btc#bitcoin#Renewables#BitcoinMining
https://t.co/wCT7G1O0c3 (https://t.co/wCT7G1O0c3)
JUST IN: 🇺🇸 ERCOT recommends that #Bitcoin mining be integrated as a Controllable Load Resource to ensure grid reliability.
They are starting to understand 🙌
It’s unbelievable how, in the few instances when we witness moral clarity, it’s so refreshing that it’s as if the norm is total moral bankruptcy. Apparently it is.
@RepDanGoldman, thank you.
@matslats@Meowfurian@dannyfeld23@bksmarr @PeirceColin @MJayBe You can mine profitably, using only BTM power (used vs. unused is not an appropriate distinction), with ~ 80% uptime. Here is a table on a 200 MW wind farm that is experiencing heavy curtailment showing various BTM mine sizes.
There's 1.8M - 2M #Bitcoin left on exchanges.
My assumption is that BlackRock will acquire 1M BTC for the ETF.
Then, there are 12 other ETFs, plus public companies, that are now incentivized by FASB to adopt fair value accounting.
#Bitcoin this cycle will be deemed an "ESG asset." which Financial Times is already reporting. Then, we could get nation-states mining through renewable energy, plus acquiring as a treasury asset.
Couple with low float, 78% of the supply is deemed illiquid.
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.
BREAKING: Ross Stevens, CEO of Stone Ridge Asset Management, sent a letter to @Penn telling them that he is withdrawing a $100M donation over President Liz Magill's anti-semitism comments before Congress.
via @axios
https://t.co/mjqc4X1yJm