Benefits of Bitcoin Mining for Power Grids

Justin Orkney joins me to discuss his Bitcoin mining journey, how Bitcoin can improve the environment, different types of Bitcoin mining, and Bitcoin’s positive influence on rural revitalization. 

Justin Orkney is the Commercial Director at Standard Power. He is also a senior advisor for Satoshi Action Fund. 

Twitter: https://twitter.com/jorkney5 
Website: https://standardpwr.com/

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// OUTLINE // 
00:00 - Coming up 
00:46 - Intro 
02:19 - Helping Lightning Startups with In Wolf's Clothing 
03:05 - Introducing Justin Orkney 
03:51 - Career Pathway and Bitcoin Involvement 
07:50 - Brief Description of Standard Power 
09:44 - What is Demand Response? 
10:50 - Bitcoin's Compatibility with Power Grid 
15:35 - Bitcoin as a Digital Commodity 
17:01 - No Counterparty in Bitcoin Mining 
19:24 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 
20:20 - Different Types of Bitcoin Mining 
25:14 - Most Efficient Type of Bitcoin Mining 
27:37 - Explaining Bitcoin Mining to Policymakers 
30:30 - Describing Bitcoin Mining to Electric Utility Operators 
33:12 - Bitcoin Mining for Rural Revitalization 
37:19 - Benefits of Different Forms of Power Generation 
41:03 - Buyer of Last or First Resort 
44:06 - Balancing Out the Nuclear Output 
46:08 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
46:59 - Hold Bitcoin in the Most Secure Custody Model with Casa 
47:47 - Reducing Blackout Risk 
51:00 - Bitcoin as an Ideal Customer 
52:52 - Where to Find Justin on the Internet

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