0 sats \ 2 replies \ @BTCMiner OP 28 Jun 2022 \ on: 🎧 Blake King on How Grids can Accommodate Bitcoin Mining (EP.330) | On the Brink Podcast bitcoin
- Why the grid is undergoing a radical transformation today
- Blake’s background in electrical engineering, power system modeling, and renewable development
- The origin of Blake’s papers on bitcoin mining and the grid
- Bitcoiner misconceptions about mining?
- Why Bitcoin is not a battery
- Why you can’t just arbitrarily add load to the grid
- Why Bitcoin mining does not generally increase energy prices during scarcity or peak load
- Why rational actors curtail or sell power during scarcity events
- Are grid planning models correctly estimating the risk of furloughing thermal generation?
- Is it possible to make the green energy transition as currently envisioned?
- Why renewable generation requires more transmission
- How renewable generation costs are increasingly upfront as compared to thermal generation
- Are bitcoiners overrating the importance of controllable load?
- Why Bitcoin miners may be over ambitious in terms of modeling ancillary service payments
- Are ancillary markets going to increase in size with more renewable generation?
- Economic demand response versus formal ancillary services
- Different types of ancillary services products
- Why load resources are able to bid out thermal generation in ancillary services markets
- How exactly Bitcoin miners get signals to curtail their load during scarcity events
- Does being a load resource imply ‘voluntary’ curtailment?
- Why miners owe it to the grid operator to be transparent in their breakeven price and operating plans
- How weather in Texas could affect block arrival times in Bitcoin
- Why the commodification of ASICs would increase the integration of the renewable energy sector and bitcoin mining
- Why ERCOT hit the pause button on the addition of new mining loads
- ERCOTs level of sophistication around Bitcoin mining
- Will miners toggle between Bitcoin, green hydrogen, and other location-agnostic uses of power?
- Do the economics of green hydrogen make sense relative to BTC mining?
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