Bitcoin, every mention
15 scenes (2023) · ← back to Bitcoin
tap a year for its mentions
every year 2023 anyone Shayle Kann 61Sarah Golden 8Drew Baglino 3Sean McAvoy 1Jigar Shah 1Ben Hertz-Shargel 1
Verbatim, from the transcripts: the passages where Bitcoin comes up
What do you do with a 100-hour battery?
- ▶ 49:01 Shayle Kann I noticed that you did not mention my favorite asset, which is my Bitcoin mine on a barge idea.
The great Bitcoin energy debate
- ▶ 0:45 Shayle Kann It's Bitcoin mining.
- ▶ 2:37 Shayle Kann Okay, so the debate over Bitcoin and energy is not new. 6 times in the scene
- ▶ 3:56 Shayle Kann Let's talk about Bitcoin and electricity. 6 times in the scene
- ▶ 6:25 Shayle Kann Interesting that there's a cluster in the Northeast because my sort of incoming assumption here is basically Bitcoin mines chase cheap electricity. 3 times in the scene
- ▶ 8:13 Shayle Kann Okay, so that gets to the next question, which is, and we'll talk more about this, but just high level, um, in terms of the load profile of Bitcoin mines, what have we seen so far? 4 times in the scene
- ▶ 10:48 Shayle Kann Questions that we want to interrogate are around this debate regarding the relationship between Bitcoin mining and both electricity, meaning the market, the prices, and so on, and also emissions as a result of that. 4 times in the scene
- ▶ 19:12 unnamed speaker What if we were to remove Bitcoin as a load on the system? 6 times in the scene
- ▶ 22:45 Shayle Kann Kind of the case where, uh, Bitcoin mining is, is bad from an energy environmental perspective, which is basically, one, it raises prices, especially on retail customers, and two, uh, the load that it introduces onto the grid is met… 6 times in the scene
- ▶ 30:15 Ben Hertz-Shargel Uh, well, let's say where the price of Bitcoin is much higher, they choose to mine, and when prices in the real-time market are, are high, they can choose to, you know, not mine, and instead sell that power back in and make money there.
- ▶ 31:40 Shayle Kann Low, zero, or negative, then you can create enough of an incentive to get that wind built, and if that, uh, new source of load, in this case a bitcoin mine, is not soaking up 100% of that wind, the rest of that goes into the grid and still… 6 times in the scene
- ▶ 38:57 Shayle Kann and so they made the economics, you know, cross over whatever investors IRR threshold that whether otherwise would not have, um, then they enabled new generation to get built, and that some of that new generation was actually going into… 2 times in the scene
- ▶ 41:44 Shayle Kann All right, so let's talk about this last case then, um, which is happening for sure, which is placing Bitcoin mines at otherwise flared natural gas sites. 3 times in the scene
- ▶ 43:36 Shayle Kann Bitcoin mining does not appear to be a benefit to the grid, to electricity consumers, to emissions. 7 times in the scene
Mailbag episode! Biotech, layoffs, battery recycling and more
- ▶ 39:57 Sarah Golden I, I often hear this in the conversation about Bitcoin mining too, which may be less pressing these days, but it often assumes that that's the direction we're heading for energy, which is a big assumption.