Rabbit Hole Recap #247: BRICS Bucks
Rabbit Hole Recap
00:00
Bitcoin Mining in Texas: A Massive Policy Failure
Bitcoin mining as demand response is a big a big uh competent the biggest competitor for those but come on texas like paker plants and batteries are not as profitable as bitcoin mining. The utilities are gonna get more revenue the state's gonna get more tax revenue it's incredibly short-sighted but that's classic for politiciansYeah politicians suck i still think i mean this goes with your thesis marty which is these large-scale on-grid mining operations are just extremely vulnerable to correct regulators and politicians yes massive targets yeah massive rugs to pullUm that's why standard bitcoin we focus on smaller and we're not going to build 200 megawatt facility.
Transcript
Play full episode
