2min chapter

The "What is Money?" Show cover image

Bitcoin Mining on the Ocean with Nathan and Michael (WiM239)

The "What is Money?" Show

CHAPTER

What Are the Hiccups?

With Bitcoin, you can basically do this type of energy harnessing operation anywhere. You just plug in your wallet address on land, and by the time you've mined it, it's already back at shore. So instead of selling it to the grid, you're selling it to Bitcoin miners. What are the hurdle? I mean, this sounds kind of simple and straightforward. We have an old technology that works. We have a new technology that buys the energy now. The problem is at the 10 megawatt scale where it makes those costs scale linearly versus exponentially.

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