Ray Cline, Lancium CTO, and Shaun Connell, EVP Power at Lancium, join the show. We cover the changing Texas grid, several models for renewable based mining, and how miners can serve as a controllable load. In this episode:

Personal backgrounds and crossing the threshold from energy to Bitcoin
Origins of Lancium
Features of Texas grid
Why Texas is so suitable for renewables
How Texas is the 'Saudi Arabia' of renewable generation
Why renewables grew so fast in Texas
Two reasons why prices reach negative prices
Three models for mining
- Grid connected with new gen miners
- Renewable colocation with new gen miners
- Off grid renewable colocation with old gen miners
How different ASIC vintages affect the power price you can tolerate for the units and what interruptibility they can deal with
ERCOT's surplus renewable power
How the Texas grid is splitting in half
How Bitcoin is a 'premium customer' for energy assets
Why miners depreciate their miners over 4-5 years, and not 1-2 years as Digiconomist claims
Are energy producers aware of the importance of Bitcoin mining as an alternative energy buyer?
Introduction to Demand Response
What a Controllable Load Resource is and how Bitcoin miners uniquely satisfy the requirements
History of Controllable Load in ERCOT
Why controllable load is so useful to grid operators
Why Bitcoin miners can be flexible load, and why other industrial consumers of energy cannot
Why the economics of operating an interruptible load as a miner make sense
Are other grid operators looking to build programs for BTC miners?
Do Bitcoin miners decarbonize the Texas grid in the final analysis?
Will Bitcoin mining improve the reliability of the grid?

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