On The Brink with Castle Island cover image

Blake King on How Grids can Accommodate Bitcoin Mining (EP.330)

On The Brink with Castle Island

CHAPTER

Is the Controlable Load Argument Overcooked?

Energy pragmatist, i think with reason. I want to talk about controlable load. This is one thing where, like, maybe bickhorn has went too far and touting it. The main problem that i've seen is that viko miners have been baking in these, these payments into their models of power price. So now you've taken a ten to 20 dollar per magawat hour, which would be, what is that? One to two cents a kilawat hour,. But you're also kind of cannibalizing the market. You're bidding this service into an auction in the daahead market...that is also going to cannibalize itself"

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