pull down to refresh

0 sats \ 2 replies \ @BTCMiner OP 28 Apr 2022 \ on: ERCOT (Texas) projecting 17 GW for bitcoin mining in 2026 bitcoin

To clarify, this is referring to bitcoin mining occurring on the ERCOT (Texas) grid.

Today, all bitcoin mining combined might be in that approximate range of 17 GW, using CBECI's estimate:

https://ccaf.io/cbeci/index

There are reasons to not take these projections at face value though:

National Grid guy asked how much of this they expected to really come online, ERCOT guy couldn't give a straight answer, but later I thought I heard someone give a historical number of ~30%. They didn't clearly detail on what basis they made this forecast, either.
view on twitter.com
On the call it sounded like maybe 30% of this comes online.
view on twitter.com
write
preview
0 sats \ 0 replies \ @BTCMiner OP 28 Apr 2022

And then there's this:

Papers on DR suggest a DR program has diminishing returns after certain size. If payouts shrink, that becomes a constraint on DR participation, too. I don't think ERCOT is considering the next bitcoin halving either.
view on twitter.com
reply
0 sats \ 0 replies \ @BTCMiner OP 28 Apr 2022

And this was a surprising take:

The new problem Texas and ERCOT is facing, with the massive buildout of renewables, is that price of electricity may go to ZERO.
view on twitter.com
reply