Read_649 - The Continual Power of Intermittent Mining [Zack Voell]

September 03, 2022 00:26:31
Read_649 - The Continual Power of Intermittent Mining [Zack Voell]
Bitcoin Audible
Read_649 - The Continual Power of Intermittent Mining [Zack Voell]

Sep 03 2022 | 00:26:31

/

Hosted By

Guy Swann

Show Notes

"Many aspects of the Bitcoin mining industry are poorly understood and often misrepresented. But one practice in this sector stands apart for the misunderstandings and under-appreciation that surround it: intermittent mining." - Zack Voell One of the most under appreciated aspects of Bitcoin mining is its ability to be interrupted. As a buyer of last resort for energy that is curtailed or produced when it can't be consumed, and also able to turn off without losing its purchaser (i.e. the Bitcoin network), Bitcoin mining becomes a tool to arbitrage production times and smooth energy demand across the peaks and troughs around both production and consumption. Zack Voell brings an excellent short article with BitcoinMagazine that breaks down how! Check out the article plus links to lots of other discussion and related works at the link below: https://bitcoinmagazine.com/business/intermittent-bitcoin-mining-fixes-energy Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

January 03, 2024 01:31:29
Episode Cover

Read_788 - Stone Ridge 2023 Investor Letter

"Since 2017, bitcoin has been Stone Ridge’s treasury reserve asset because of my extreme aversion to risk. We run net short USD – which...

Listen

Episode

October 01, 2021 01:05:57
Episode Cover

Read_565 - Isaiah's Job [Albert Jay Nock]

"The line of differentiation between the masses and the Remnant is set invariably by quality, not by circumstance. The Remnant are those who by...

Listen

Episode

August 28, 2018 00:50:18
Episode Cover

CryptoQuikRead_140 - Lightning Network 2.0 [Part 2]

“That’s right: while we’re here still trying to wrap our minds around Layer 2 solutions, these mad scientists are already proposing a system with ...

Listen