Blake King (Galaxy Digital) on Mining, Transmission, and Curtailment (EP.362)
On The Brink with Castle Island
Is ERCOT a Better Grid Resource? Part Two
Bitcoin miners using renewables basically inhibits the signal that would prompt the build out of long range transmission. The idea is that there's all this cheap electricity over in West Texas but not enough transmission capacity to bring it over. Because we don't have enough transmission capacity, we now have to use more expensive generation in the east to serve the load. So if we raise prices in the west, well, then we're no longer saving money by building new transmission because that power's being eaten up.
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