SLP470 Correcting NYT Disinformation on Bitcoin with Pierre Rochard
Stephan Livera Podcast
00:00
The Economics of Bitcoin Mining
On other days, when there's zero wind, it's 0%. And that causes periods of time where the price of electricity goes up. Bitcoin miners turn off their mining rigs for one hour, two hours, three hours so that they're not mining at a loss. The second scenario is a Bitcoin miner who has purchased a 10-year PPA,. power purchase agreement, which is essentially a fixed rate derivative.
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