Bitcoin Miners

“Bitcoin miners run at under a quarter of the voltage of GPUs.”

“Some of the power purchase agreements That miners have secured require a high load factor, meaning, you know, you need a high average power relative to your max power, which basically requires you to be on most of the time. And so I've seen one contract that r…”

“Some miners do have a price threshold which empirically is between 103 hundred dollars per megawatt hour but many have basically no threshold, and they will continue running up even into the thousands, up to 4000 dollars per per megawatt hour.”

“But really, the way to view this is, this was a generation that was sitting there that they were otherwise consuming. They are just refraining from consuming it at these, during these periods. So you can't credit them for, Again, for a good, you can only credi…”

“What Brian saw in Lake Seneca is unfolding across the U.S. Coal and gas power plants that are under pressure in Ohio, Montana, Pennsylvania, and even elsewhere in New York are now getting an economic lifeline thanks to partnerships with Bitcoin miners.”

“You see that the block reward is a hefty, like, hundreds of millions of dollars a year, if not a billion at this point, of rewards. And the transaction fees, In comparison, are much smaller. That's why Bitcoin miners don't care about the transaction fee right …”

“And I still think it is decentralized, but maybe not as decentralized as many people think, because there's, yeah, there is a couple of dozen of Bitcoin miners who basically control, could control the whole network.”