Bitcoin mine

also referred to as: bitcoin mines

6 statements across 1 episodes · 1 bullish · 2 bearish · 1 people on the record · first statement May 11, 2023 by Ben Hertz-Shargel · across every show →

Everything said about Bitcoin mine, oldest first

May 11, 2023 positive
Opinion
Hertz-Shargel: Flared-gas Bitcoin mining appears to offer a net emissions benefit
“My understanding is that flaring is very kind of deeply imperfect in that you do a lot of methane leakage or more than you'd want, and that if you are properly capturing this flared gas, this gas, and you can run it through, you know, a sort of a gen set to, a…”
Ben Hertz-Shargel May 11, 2023 ▶ 42:31 The great Bitcoin energy debate
May 11, 2023 negative
Insight
Hertz-Shargel: Siting Bitcoin mines beside existing renewables merely displaces clean power
“The reality is that The total number, the total amount of load on the system has grown, and therefore all you've done is displaced other customers who would be served by that renewable generation. So it's, and so your number of pigeons has grown, and so you kn…”
Ben Hertz-Shargel May 11, 2023 ▶ 35:35 The great Bitcoin energy debate
May 11, 2023 negative
Assertion Supported
Hertz-Shargel: Major Bitcoin mines are not signing offtake PPAs with new renewables
“So they are not signing new PPAs with new wind to as off takers to kind of make these plans happen. They're signing PPAs with retailers and utilities mostly conventional types of deals, such as being put on base interruptible rates. So, you know, it provides d…”
Ben Hertz-Shargel May 11, 2023 ▶ 32:10 The great Bitcoin energy debate
May 11, 2023 neutral
Assertion Supported
Hertz-Shargel: Most Bitcoin mines can shed nearly 100% load in seconds
“Most mines can drop up to close to a hundred percent of their load within seconds, if not minutes.”
Ben Hertz-Shargel May 11, 2023 ▶ 24:39 The great Bitcoin energy debate
May 11, 2023 neutral
Assertion Not checkable as stated
Hertz-Shargel: Bitcoin mines operate online 78% to over 90% of the time
“What I have seen surveying a number of mines is they're kind of, they're online roughly in the high seventies in percentage, you know, say 78% of the time, all the way up to the high nineties.”
Ben Hertz-Shargel May 11, 2023 ▶ 8:47 The great Bitcoin energy debate
May 11, 2023 neutral
Assertion Supported
Hertz-Shargel: US Bitcoin mines range from 10MW to 450MW in capacity
“And you know, the mines themselves are pretty broad in terms of the range of capacity. They go down to around 10 megawatts and then up to four 50, which is the largest.”
Ben Hertz-Shargel May 11, 2023 ▶ 5:48 The great Bitcoin energy debate
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