On The Brink with Castle Island cover image

Daniel Roberts (Iris Energy) on Sustainable Bitcoin Mining (EP.278)

On The Brink with Castle Island

00:00

The Bitcoin Miner Is Monotizing These Renewable Assets

The bitcoin miner is monotizing these renewable assets by virtue of its presence on the grid. So it's making those acids more valuable, so that as an economic pressure, which improves their economics. It just so happens to have this additional positive effect where it can throtten, throttle itself down during a time of crisis. But remember, a lot of these markets don't have an under supply they've got an over supply issue.

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