Bitcoin Mining Masterclass with Dan Roberts (WiM194)
The "What is Money?" Show
00:00
The Advantage of Bitcoin Mining in Energy Markets
The advantage of bitcoin mining, to come to your point, is while the machines are on, they're generating bitcoin. There's no customer contracts, no up time guarantees, no consequential loss. But you can actually throttle the frequency on these chips and dynamically reduce or increase their energy consumption. You just throttle down the chips, call it 70 %, go back to 30 megawots of load. Give that 70 megawots back to the market that needs it - by definition, because they're bid in for high power prices. And then often paid, in these markets, additional revenue lines, because you're providing that kind of loadl a service as last resort.
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