
SLP348 Nick Hansen Luxor - Bitcoin Mining Narratives & Hash Rate Derivatives
Stephan Livera Podcast
00:00
The Grid Isn't Able to Support That Demand for Energy
Last year, texas had a unprecedented colt cold snap. And their grid was not able to support it. People were gentithout power. They're geting ready to go through another very big cold streak here. But we've had a whole year of some of the biggest mining companies in the world building out on the ercot grid. The story that they've been telling for a whole year is that we're going to use up like, a bunch of extra energy. It's also instantaneously a rampable, so you can turn it up and down almost effectively instantly.
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