Bitcoin Mining
topic on 7 shows · 12 statements across 8 episodes
Lenny's Podcast 
My First Million 
Capital Allocators 
Catalyst 
the Green Blueprint 
the a16z Podcast 
20VC
12 statements about Bitcoin Mining, every show
Koerner: Generated $9.8M organically on Facebook Marketplace in three months
“That one ad, and I had it going on multiple accounts, we would refresh it, but no paid, did 9.8 million dollars all on Facebook Marketplace in three months. Profitably.”
Local compute avoids the abuse that ruins free tiers on cloud servers
“Cause the other problem, the server is like, you end up, if you have a free tier, people are mining Bitcoin on it. They're DDoS and people using your servers, right? So inevitably you have to nerf these things and roll them back, but if it's all done on the en…”
Horowitz: Bitcoin mining energy use is tiny compared to AI
“Campaigning against crypto because of the like Bitcoin mining, which is like tiny, tiny, tiny compared to what people are using on AI now.”
Hertz-Shargel: US Bitcoin mining capacity is around 3.9 gigawatts
“So right now total capacity is around 3.9 gigawatts. And that is the finding of this New York Times study that I'm sure we'll be talking about a little bit later. Mines themselves, well, in terms of geography, they are scattered across the country, and we're Y…”
Hertz-Shargel: Bitcoin Miners Restart Defunct NY Fossil Plants
“They also chase defunct oil and gas plants because those can be sort of rehydrated and turned on and used directly for mining. And so that has happened a lot, especially in New York, these sort of mothballed plants that are able to be turned on and run Pretty …”
Hertz-Shargel: Bitcoin mining raises Texas power bills by $1.8B annually
“So collectively, it's 1.8 billion conservatively per year. And that's sort of a run rate, I would say. And that represents around a five percent increase in costs of Texans, of, you know non-Bitcoin mining consumers. And that, that's across all the different s…”
WattTime finds 85% of Bitcoin mining load is powered by fossil fuels
“And so Watt Time, that is the general methodology that they use. They found that 85% of incremental load from Bitcoin mining comes from coal and natural gas plants.”
Hertz-Shargel: US Bitcoin mining capacity will double or triple soon
“I think roughly speaking, it's certainly set to double or triple in the next few years. I don't have a precise number, but it's certainly large enough that it's going to have an outsized impact.”
Wood: ExxonMobil mines Bitcoin to capture flared gas in six fields
“So Exxon's doing that. It's six different, maybe many more now, fields around the world.”
Lacey: Bitcoin mining consumes 0.5% of world's electricity with double-digit annual growth
“Bitcoin mining today uses a half percent of the world's electricity, and every year, as more shipping containers and warehouses full of high-powered computers are deployed to unlock more Bitcoin, energy use grows by double digits.”
Sonnenshein: Bitcoin mining is predominantly powered by renewable energy sources
“Bitcoin mining and the fact that it's more often than not done with renewable energy sources, and that's another big misconception that's out there.”