Bitcoin miners
3 statements across 1 episodes · 0 bullish · 2 bearish · 1 people on the record · first statement May 11, 2023 by Ben Hertz-Shargel · across every show →
Everything said about Bitcoin miners, oldest first
May 11, 2023 negative
Hertz-Shargel: Many Bitcoin miners run even at $4,000/MWh power prices
“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.”
May 11, 2023 neutral
Hertz-Shargel: Some Bitcoin mining PPAs mandate over 85% load factor
“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…”
May 11, 2023 negative
Hertz-Shargel: Grid power resale by Bitcoin miners creates no public good
“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…”