The Block Reward | Real Stories. Real Impact. All Powered by Real Money - Bitcoin 33: Daz Bea ON: How Bitcoin Mining Can Improve Energy Grids
In this episode of The Block Reward, host Scott Dedels dives deep with guest Daz Bea, an expert in energy grids and Bitcoin mining. They explore the transformative potential of Bitcoin not only as a financial asset but as a revolutionary approach to managing and capitalizing on energy resources. Discover how Bitcoin mining could lead to more efficient energy grids and help usher in a future powered by 100% renewable energy. Tune in as we unravel the complexities of energy consumption, grid stability, and the undeniable connection between cryptocurrency and sustainable energy practices.
Daz is Chief Operation Officer and Co-Founder of Looking Glass Education. He is co-author of Amazon's bestselling book B is For Bitcoin alongside The Block Rewards very own Seb Bunney. He is an Electrical Engineer and High Voltage Electrician with intimate knowledge of energy grids, energy markets and the implication of Bitcoin mining for our energy future.
Daz is a part time musician having played guitar since he was a young boy. But his greatest role and achievements are that of being a husband and a Dad to two young boys.
Key Topics Discussed:
- Bitcoin's role as an alternative to real estate investment
- The impact of Bitcoin mining on renewable energy grids
- Negative aspects of government-controlled digital currency
- Using Bitcoin for efficient monetary transactions
- Benefits of education on cryptocurrency fundamentals
Timestamps:
06:03 Beers for Bitcoin course overview.
13:32 The Gold Standard Eras.
24:56 Maximum demand/ eak energy use.
28:51 To meet energy demand, grid needs 3x capacity.
32:26 Inadequate generational capacity leads to unreliable grids and rolling blackouts.
40:32 Private operators prioritize profit in energy decisions.
44:53 Maximizing hydropower efficiency.
47:25 Bitcoin mining adjusts quickly to maintain stability.
59:05 Concerns about privacy and digital surveillance.
Guest Socials:
Daz Bea | X (Formerly known as Twitter)
Looking Glass Education | Website