MW

Mr_Bob_Ferguson

This is quite the serious scale project! >*The project plans to develop a 241 MW renewable power generation park in the Metapan region of El Salvador, funded by a total commitment of $1 billion from Bitcoin industry leaders.* > >*the Bitcoin mining farm’s initial computational power is projected to exceed 1.3 EH/s, placing Volcano Energy within the top 20 mining pools by hashrate. With such an equivalent hashrate to NiceHash and KuCoin* It may be what brings the most financial success for the El Salvador government, more-so than their well-documented bitcoin purchases. >the Lava Pool will be maintained by Volcano Energy, a public-private partnership that has pledged to commit 23% of its net income to the Salvadoran government.

Aakarsh_K

One of the unexpected nation that's embracing crypto is Bhutan. A little hilllocked nation in Himalaya. Its home to many miners and recently became home to a massive new 100 MW crypto mining data center.

-_-DarthVader

The first phase of the Volcano Energy project involves the construction of a 241-megawatt (MW) renewable energy park in Metapán that will comprise 169 MWs of photovoltaic solar energy and 72 MWs of wind power.

Nirbhik

> The first phase of the Volcano Energy project involves the construction of a 241-megawatt (MW) renewable energy park in Metapán that will comprise 169 MWs of photovoltaic solar energy and 72 MWs of wind power. Okay now it makes sense…Volcano mining..bruhhh

coinfeeds-bot

tldr; Bitfarms, a Canadian Bitcoin mining firm, has increased its mining operations and generated 411 BTC in September. This is a 7.3% increase from the previous month. The company sold 362 BTC, earning $9.5 million, and currently holds 703 BTC. Bitfarms has been installing new miners and expanding its Argentina facility, reaching a total operating capacity of 233 MW. Despite the growth, the mining pace is slightly lower compared to last year. The company believes that the upcoming Bitcoin halving in April 2024 will provide opportunities for growth. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

nadhsib

Small Bitcoin mines can be immediately profitable, and can therefore fund a renewable minigrid and supply power to the community at no cost. And, if this seems too good to be true, it gets even better. First, some numbers, and they are pretty shocking. According to the International Energy Agency, 600 million Africans (43%) have no access to electricity. Neither are they likely to get access to electricity. Why? Because it is expensive to erect pylons, string cable and build substations to distribute electricity to small communities or villages in far-flung areas – the capex costs overwhelm the return, especially given the light demand in areas without industrial activity of any kind. This means the only way to electrify those areas is with minigrids powered by renewables, usually between 20kW and 1MW, depending on the size of the community. But here, too, are many challenges. A recent paper by The Green Africa Mining Alliance lays out the scale of the task. “… \[T\]he number of minigrids in Africa needs to grow from 3,100 in 2021 to 160,000 in 2030, more than 50 times over nine years, with a cumulative investment of $91-billion by 2030. “If the current pace of minigrid development continues, only about 44,800 minigrids will be installed by 2030, serving only around 80 million people in Africa.” We first have to recognise some of the economic peculiarities of renewable minigrids in rural areas. One is that community demand peaks from 6-9pm when the sun goes down. So the grid has to be “overbuilt” to handle that critical period. While consumption is likely to grow over time as energy-consuming businesses start to cluster around the available energy, the initial period of the build and deployment is at the apex of financial risk, with high upfront costs to satisfy community peak demand and then a long and unpredictable wait for new business customers to come on to the grid and pay for it. Commercially minded investors take one look at this equation and quietly leave the room. This means that the only way to electrify these underserved communities is to rely on development/aid institutions or governmental “universal” access programmes to fund renewable-powered minigrids. But, sadly, most governments in Africa do not have the fiscus, nor will nor execution capacity. Most development institutions are both stretched across many demands and extremely slow to move from aspiration to funding. Worse, they are often subject to the whims of politics. In short, whatever help is coming to these communities is nothing more than a dribble, consigning hundreds of millions to lives of exclusion. It is no surprise that many of the minigrid initiatives promised on paper for decades have simply withered on the vine. An answer There is a solution to all of this, and the calculus is simple. The first piece of the calculus is that rural communities are often close to rivers, a critical natural resource for poor, underserved, under-employed and mainly subsistence communities. Additionally, Africa benefits from an abundance of sunlight over most of the continent. Two rich, renewable energy resources, almost entirely stranded and unused – solar and hydro. The critical second item of the calculus is the lack of an anchor tenant who will buy electricity reliably and hungrily, such as a large industrial plant. Sadly, such businesses have no reason to come to these places. So what is going to use the stranded renewable energy, and happily pay for the renewable minigrids from flowing water and abundant sunlight, powering up surrounding structures with lights and TVs and ovens and chargers? Bitcoin mines, that’s what. Bitcoin mines need power to run. Even small mines can run profitably if the power is cheap. And in this case, the power is free – from unexploited renewable sources. A single container of computers running Bitcoin mining software can be profitable because the only real cost is electricity. The other costs (the machines, the air-conditioning, the cables, the solar panels or water turbines) are negligible by comparison. Small Bitcoin mines can be immediately profitable, and can therefore fund a renewable minigrid and supply power to the community at no cost. And, if this seems too good to be true, it gets even better. The Bitcoin mines can reduce their consumption at the flick of a remote switch, making them perfect load balancers for the 6-9pm spike, or any other reason. Why does this seem like magic? Because standard energy demand requires the transport of power to population centres to find a consumption market (both citizens and industry); it is they who pay for the electricity which funds generation and distribution. That is the way it works, even for big renewable projects – their electrons end up mainly flowing to population centres. But Bitcoin mines are happy to churn away far from cities and towns, quietly securing crypto transactions and producing revenue. Bitcoin mines are unlike any other industry. They can live anywhere. And, if the energy is stranded, uncontested and free, you have a perfect marriage where everyone benefits – the community, the investors, even the Bitcoin bros. Unlike any other buyer of bulk electricity, Bitcoin mines are a buyer of first resort (when no one else is buying), a buyer of last resort (when there is no other demand) and a grid balancer of last resort, keeping the grid stable at all times. No other energy-consuming enterprise has this profile. Bitcoin mines have been slowly moving into this space, with multiple projects under way (with companies like Bitcoin Lake in Rwanda and Gridless in Nigeria). It can only accelerate – they are extremely fast to set up and face fewer regulatory hurdles than larger renewable initiatives which feed into a national grid. This is a delicious irony, given the number of furious and outraged column inches dedicated to Bitcoin’s energy usage over the past couple of years, when in fact it is likely to be part of the solution for the rural poor, excluded and energy deprived. DM Steven Boykey Sidley is a professor of practice at JBS, University of Johannesburg. His new book, It’s Mine: How the Crypto Industry is Redefining Ownership, published by Maverick451 in SA and Legend Times Group in the UK/EU, is available now.

polloponzi

Small Bitcoin mines can be immediately profitable, and can therefore fund a renewable minigrid and supply power to the community at no cost. And, if this seems too good to be true, it gets even better. The surprising, simple answer to Africa’s rural energy problems – Bitcoin mining The surprising, simple answer to Africa’s rural energy problems – Bitcoin mining © Copyright (c) Daily Maverick , All Rights Reserved First, some numbers, and they are pretty shocking. According to the International Energy Agency, 600 million Africans (43%) have no access to electricity. Neither are they likely to get access to electricity. Why? Because it is expensive to erect pylons, string cable and build substations to distribute electricity to small communities or villages in far-flung areas – the capex costs overwhelm the return, especially given the light demand in areas without industrial activity of any kind. This means the only way to electrify those areas is with minigrids powered by renewables, usually between 20kW and 1MW, depending on the size of the community. But here, too, are many challenges. A recent paper by The Green Africa Mining Alliance lays out the scale of the task. “… \[T\]he number of minigrids in Africa needs to grow from 3,100 in 2021 to 160,000 in 2030, more than 50 times over nine years, with a cumulative investment of $91-billion by 2030. “If the current pace of minigrid development continues, only about 44,800 minigrids will be installed by 2030, serving only around 80 million people in Africa.” We first have to recognise some of the economic peculiarities of renewable minigrids in rural areas. One is that community demand peaks from 6-9pm when the sun goes down. So the grid has to be “overbuilt” to handle that critical period. While consumption is likely to grow over time as energy-consuming businesses start to cluster around the available energy, the initial period of the build and deployment is at the apex of financial risk, with high upfront costs to satisfy community peak demand and then a long and unpredictable wait for new business customers to come on to the grid and pay for it. Commercially minded investors take one look at this equation and quietly leave the room. This means that the only way to electrify these underserved communities is to rely on development/aid institutions or governmental “universal” access programmes to fund renewable-powered minigrids. But, sadly, most governments in Africa do not have the fiscus, nor will nor execution capacity. Most development institutions are both stretched across many demands and extremely slow to move from aspiration to funding. Worse, they are often subject to the whims of politics. In short, whatever help is coming to these communities is nothing more than a dribble, consigning hundreds of millions to lives of exclusion. It is no surprise that many of the minigrid initiatives promised on paper for decades have simply withered on the vine. An answer There is a solution to all of this, and the calculus is simple. The first piece of the calculus is that rural communities are often close to rivers, a critical natural resource for poor, underserved, under-employed and mainly subsistence communities. Additionally, Africa benefits from an abundance of sunlight over most of the continent. Two rich, renewable energy resources, almost entirely stranded and unused – solar and hydro. The critical second item of the calculus is the lack of an anchor tenant who will buy electricity reliably and hungrily, such as a large industrial plant. Sadly, such businesses have no reason to come to these places. So what is going to use the stranded renewable energy, and happily pay for the renewable minigrids from flowing water and abundant sunlight, powering up surrounding structures with lights and TVs and ovens and chargers? Bitcoin mines, that’s what. Bitcoin mines need power to run. Even small mines can run profitably if the power is cheap. And in this case, the power is free – from unexploited renewable sources. A single container of computers running Bitcoin mining software can be profitable because the only real cost is electricity. The other costs (the machines, the air-conditioning, the cables, the solar panels or water turbines) are negligible by comparison. Small Bitcoin mines can be immediately profitable, and can therefore fund a renewable minigrid and supply power to the community at no cost. And, if this seems too good to be true, it gets even better. The Bitcoin mines can reduce their consumption at the flick of a remote switch, making them perfect load balancers for the 6-9pm spike, or any other reason. Why does this seem like magic? Because standard energy demand requires the transport of power to population centres to find a consumption market (both citizens and industry); it is they who pay for the electricity which funds generation and distribution. That is the way it works, even for big renewable projects – their electrons end up mainly flowing to population centres. But Bitcoin mines are happy to churn away far from cities and towns, quietly securing crypto transactions and producing revenue. Bitcoin mines are unlike any other industry. They can live anywhere. And, if the energy is stranded, uncontested and free, you have a perfect marriage where everyone benefits – the community, the investors, even the Bitcoin bros. Unlike any other buyer of bulk electricity, Bitcoin mines are a buyer of first resort (when no one else is buying), a buyer of last resort (when there is no other demand) and a grid balancer of last resort, keeping the grid stable at all times. No other energy-consuming enterprise has this profile. Bitcoin mines have been slowly moving into this space, with multiple projects under way (with companies like Bitcoin Lake in Rwanda and Gridless in Nigeria). It can only accelerate – they are extremely fast to set up and face fewer regulatory hurdles than larger renewable initiatives which feed into a national grid. This is a delicious irony, given the number of furious and outraged column inches dedicated to Bitcoin’s energy usage over the past couple of years, when in fact it is likely to be part of the solution for the rural poor, excluded and energy deprived. DM Steven Boykey Sidley is a professor of practice at JBS, University of Johannesburg. His new book, It’s Mine: How the Crypto Industry is Redefining Ownership, published by Maverick451 in SA and Legend Times Group in the UK/EU, is available now.

NeedCaffine78

A 1MW solar farm is huge. Problem with desert heat though is you lose solar efficiency, need to find somewhere that stays sunny and cool at the same time. A better idea might be though. Set up the solar farm. Buy bitcoin with the money you were going to pay for the machines. Sell the solar power to grid company. Then you have bitcoin and an income stream. If you wanted to go deep. Try and combine the solar farm with something like a normal farm. Use the panels as shelter for plants/animals to grow out of the harsh sunlight, profit from both ends

igadjeed

Batteries are not free. They're about $400k per MW-hour

igadjeed

The devil is in the details, the specific numbers, which you're unable to comprehend by writing "low cost". Do not be vague. Be specific At $0.90 per watt, the OP is going to spend $900k on a 1MW system. His Bitcoin miners will never recover that cost

neroht

A MW of solar? ! That's got to be a high six figure capex . All I see in the replies are red flag after red flag. I sincerely think you'd be way better off just rolling all this planned capex (and the monthly opex) into buying actual bitcoin today that you can self custody. I understand you want to mine it and think you're going to come out ahead but I'm extremely doubtful. ​ I do wish you the best of luck if you proceed though.

wereqryan12

>. Do you already own the solar? How many kilowatt hours do you produce per day? Don't own solar yet. Plan is to generate 4000 kWs daily. Probably need 1 MW solar panel farm.

Last-Ad318

How many moons is your country minimum wage? In my country the MW is around 900 moons with the price around 30c.

MachaMacMorrigan

> The amount of sunlight ... that is collectible and able to be beamed to Earth, is finite. Sure. It's about 1.3 kW/sq m. That's 500 MW per sq. km. at 50% efficiency. But space is **big**. There's nothing to stop me using *lots* of sq km and building *dozens* of powersats. Pretty soon, I'm generating hundreds and hundreds of GW. I'm not going to run out of power any time soon. My point is really just this: eye-wateringly huge amounts of clean power are available if we want them. There are no real *technical* resource constraints on dirt cheap electricity for humanity.

Scary_Ordinary_4448

I did but I was 12 and didn't really pay much attention to it but I first heard of it on MW2 from some random guy, I'm not even sure it had come out yet when he mentioned it

DonerTheBonerDonor

Getting a 15 kill streak in the old MW2 If you know you know👀

coinfeeds-bot

tldr; Oman plans to capture 7% of the global Bitcoin hash rate by June 2025, according to a report by Bitcoin mining expert Jaran Mellerud. Currently, Oman has a 0.2% share of the global hash rate, with 20 MW of mining capacity in operation. By the end of 2023, this could increase to 0.9% due to Exahertz's expansion to 100 MW. By the second half of 2024, Exahertz and Green Data City could push Oman's total hash rate to 2.6% of the network. The long-term vision for both companies is to scale up to 800 MW and 400 MW, respectively, potentially generating a total of 54.8 EH/s, equating to an estimated 7% of the Bitcoin hash rate by June 2025. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Scary_Ordinary_4448

Guy in 2009 on MW2 said there was this thing called bitcoin coming out. I remember obsessing about it for a day with crazy fomo then a week later I forgot about it. I have a very faint memory of trying to buy some off libertystandard with a visa gift card lmao. I feel like if you knew it halved and you played MMO'S that was all it took to make it click. Unfortunately I never even looked at the whitepaper. Now I'm poor

KannMuttLoeppt

It's a form of blackmail. Give us money or we'll stomp your power grid to the ground with our 100-MW-nitcoin-mining operation.

conceiv3d-in-lib3rty


coinfeeds-bot

tldr; The Kentucky Public Service Commission has denied a proposed contract between Ebon International and Kentucky Power Company, which would have allowed a mining firm to receive discounted electricity rates for a crypto mining facility. The contract involved a $50 million investment in a mining operation that would have started at 100 MW and increased to 250 MW by 2024. Environmental groups praised the commission's decision, claiming that incentivizing crypto mining would burden taxpayers and contribute to climate change. Kentucky is one of the major Bitcoin mining hubs in the US, along with Texas, Georgia, and New York. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

random1111990

Online services such as… Used to run MW2 lobbies and instant halo3 50s back in the JTAG era of Xbox360. Then moved onto providing boosting services. Use to sell OG account names for Xbox live, Instagram, snap ect Need someone banned on Instagram? 100-1500$+ depending on the account. Doxxing services, just general script kiddie shite from hackforum days. Know most the old heads in there made a killing from being early into crypto too lol

BaldWithABeardTwitch

I clicked notifications, saw it said empty and realised Reddit was just being a potato. Bought MW2 and chilled.

RoosterTail99

Yeah I’m involved myself in managing a small mining group. We are moving to $.04/kw electric we just secured. We were on off grid gas but had issues with the provider. We were touch and go for a while with prices at $16k we had to shut down. We don’t have 350 units but have 600MW space container. Looking to expand and also have been hosting other miners units

officeDrone87

This is nothing like that. The reason they were forced into downloadable music was because of piracy. You can't pirate MW2 skins into CSGO.

officeDrone87

But it doesn't even need crypto. Infinity Ward could allow you to carry over skins from MW1 to MW2 with very minimal effort. But they don't, and they won't because it's a stupid idea for stupid cryptobros who don't care about games they just see it as another avenue to pump their shitty investments

officeDrone87

And they parrot this shit everywhere and never bother responding when you refute it. Infinity Ward doesn't even let you carry a skin from MW1 into MW2, why the FUCK would they or valve allow you to import skins into games from other developers? These people have no sense.

officeDrone87

It should seem obvious, otherwise they'd all be doing it already. You can't even use the same skin in CoD MW2 that you earned in MW1. The idea that valve or infinity ward would make it so you can use CSGO skins in MW2 is so implausible it's laughable.

soundingdemo

LTC was a bad choice in 2018. At least now they have MW.

AnonAzy2

Max TPS = (P * 1,000,000 * 8760 * 0.9) / (B * 1,000,000) Where: P = current global energy grid power capacity in megawatts (MW) B = current Bitcoin network's estimated annual electricity consumption in terawatt-hours (TWh) 8760 = number of hours in a year 0.9 = conservative estimate of the capacity factor of the energy grid Max TPS = maximum number of Bitcoin transactions that can be processed with the current energy grid power capacity.

killah10killah

Big flashbacks to the MW2 Spec Ops breach and clear missions.

MyWayToTheTop

There was a Bitcoin Mining firm that just raised $35M to build 150MW hosting site

zoomercoomer9000

Aha, so because they have a population of only 370,000 but use 130MW of electricity on mining, this gives Iceland the highest hash rate production per capita.

Consistent_Many_1858

Of course they are. Recently Russia expanded it's Bitcoin mining capacity to 500MW. (mega Watts)

PillarOfJustice

MW2. Games I've been meaning to play but havnt since I installed it - Horizon Forbidden West, God of War, Sifu, Stray, Returnal and Dead Space. Can't really recommend much thats come out recently as I spent most of last year on Elden Ring.

yasabi

I don't believe the "for the future" statement is just in regards to the tech itself, but also and possibly more importantly the project principles. I mentioned before, but to elaborate further they're usually considered to be: fairness, fungibility, scalability, and simplicity. The project considers all four to be required to perform as an autonomous digital currency, and thus each one in particular needs to be weighed against the other in any given decision. An example of this is that the output linkability issue has been a known issue since the initial MimbleWimble whitepaper, written years before the Grin codebase began. As you probably know, the first two MimbleWimble implementations were Beam and Grin. Despite sharing a protocol design, however, they took wildly different design and organizational directions - Beam was written by a for-profit private company, and stressed having advanced features first; while Grin, in contrast, emphasized being a non-hierarchical community project, and keeping things simple (which is a longstanding priority in the oldschool free software movement, often referred to as the KISS principle - for 'Keep It Simple, Stupid'). This difference between the two wound up driving further divergence on the issue of output linkability later on as well. Beam chose to implement decoy transactions and later on even the Lelantus schema (originally from Zcoin), the latter of which dramatically improved their privacy set. It came at the cost, however, of considerable complexity to their codebase (meaning larger surface area for potential exploits), as well as breaking the MW 'cut-through' property which is what enables previously spent outputs to be automatically pruned, effectively shrinking the chain size on its occurrence. Grin took an oppositional stand to doing the same thing, despite the significant privacy benefits it would've provided, as it would've contradicted the principles of scalability and simplicity. The current CoinSwap debate is in the same vein, and is IMO a better solution than if they had implemented Lelantus simply to compete with Beam. So they are still incrementally improving the tech itself but with keeping to the philosophical position that the project adheres to overall. At risk of a WoT, I think the way to view Grin vis a vis Monero is that the latter offers excellent privacy and pretty good scalability, and the former offers excellent scalability and pretty good privacy.

tachitoroci

I’ve never understood the skins fad. I really dgaf what my characters look like in games. However, plenty of people do. Some of my friends will open their wallets without a second thought of how long they will play this game for where it will be worth it to them. MW2 for example uses many similar skins to MW1. Why can’t I use my MW1 assets in MW2? Because not enough people care to question it where Activision needs to change their model. I believe that gamers will benefit from owning their own assets, but it will take a major game (and shift of mindset in the majority of gamers) that uses the ability to own/lend/sell your skins and other collectibles to get there.

coinfeeds-bot

tldr; The Interim Voluntary load curtailment program for Bitcoin miners and other large load consumers in Texas proved successful during winter storm ‘Elliott’ in 2022. The program returned up to 1,500 MW of energy to the grid, enough to heat “over 1.5 million small homes or keep 300 large hospitals fully operational” *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*

MyWayToTheTop

I know mining is part of the blockchain ecosystem, but 150MW is a lot of energy used

Thelamadalai190

I mined off a solar grid with 1250 panels out in California. Had access to 1.5MW of power and only used like 1/8th of it...had liek 50 3080 (or higher version) GPUs. The gpus decrease in value VERY quickly, but if you can own the land and leverage the BTC and funding, it can work. It's just hard as fuck so you also need to know about trading/investing on top of everything else plus your competitors have access to billions. I actually forsaw that it would start failing due to my modelling and should have sold but I really wanted it to workout. The facility just needed too many upgrades (cooling) and I already spent around $160k on mining equipment.

SL-Gremory-

I wouldn't own it, I'd use it. Which is what I do to pay several of my overseas contractors and it's always worked beautifully. With the MW upgrade? It's fantastic, it's stable, it does exactly as advertised no questions asked. It doesn't try to be more than its primary use case.

PolarBearLaFlare

Like games from the same studio? Like COD:MW -> COD:MW2 ? Possibly, but i don't see why they would do that when they can just sell everyone a brand new skin each year. Speaking of cross-compatibility as well, if an item's source code doesn't exist in another game, how would that be transferred? This requires cooperation from every studio to frequently share their designs/IP so that they can be incorporated into other games. The chances of that happening and actually working well?? Slim to none.... too many hurdles and questions for these concepts to work the way you're describing.

Meatsim001

Doing some of my own math, to run 30k asic miners at 5500 watts (min requirement to mine BTC profitably) your looking at 165MW at full capacity. They claim to only be receiving 100MW. So they don't intend to run 30,000 ASICS. Or at least not all at once maybe...

coinfeeds-bot

tldr; Hut 8 Mining and US Bitcoin will combine in an all-stock merger of equals. The combined company will have access to approximately 825 MW of gross energy across all six sites with self-mining, hosting, and managed infrastructure operations. New Hut will have 5.6 EH/s of installed self- mining capacity and 244 MW of total energy available at five sites. The transaction is expected to establish Hut 8 as a large-scale publicly traded Bitcoin miner focused on economical mining. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

s1n0d3utscht3k

> new “Hut 8 Corp” to create a preeminent digital asset mining, hosting, managed infrastructure operations, and high performance computing organization > "Our established track record of creating shareholder value through organic growth and strategic acquisitions while maintaining a balance sheet-first approach has positioned us perfectly to advance our growth trajectory through this business combination," said Jaime Leverton, CEO, Hut 8. "Bringing together Hut 8's operational track record and diversified revenue streams with US Bitcoin's scalable mining sites, sizeable hosting business, and industry-leading managed infrastructure operations not only accelerates our diversified strategy and positions us for near-term growth, but also establishes us as a strong, U.S.-based player that is ready and able to seize additional opportunities as they arise." > [https://www.coindesk.com/business/2023/02/07/bitcoin-miners-hut-8-us-bitcoin-corp-announce-merger/](https://www.coindesk.com/business/2023/02/07/bitcoin-miners-hut-8-us-bitcoin-corp-announce-merger/) > Shares of Hut 8 Mining (HUT) slid 9% on Nasdaq Tuesday, closing at $2.17, after the bitcoin mining firm said it agreed to merge with U.S. Bitcoin Corp. > The two firms will become wholly owned subsidiaries of the newly formed Hut 8 Corp. Shareholders of the two will each own about 50% of the merged company, they said in a Tuesday press release. The deal will have existing shares of Toronto-based Hut 8 consolidated five-to-one in the new company, which will have access to about 825 megawatts (MW) of energy capacity.

s1n0d3utscht3k

> new “Hut 8 Corp” to create a preeminent digital asset mining, hosting, managed infrastructure operations, and high performance computing organization > "Our established track record of creating shareholder value through organic growth and strategic acquisitions while maintaining a balance sheet-first approach has positioned us perfectly to advance our growth trajectory through this business combination," said Jaime Leverton, CEO, Hut 8. "Bringing together Hut 8's operational track record and diversified revenue streams with US Bitcoin's scalable mining sites, sizeable hosting business, and industry-leading managed infrastructure operations not only accelerates our diversified strategy and positions us for near-term growth, but also establishes us as a strong, U.S.-based player that is ready and able to seize additional opportunities as they arise." > [https://www.coindesk.com/business/2023/02/07/bitcoin-miners-hut-8-us-bitcoin-corp-announce-merger/](https://www.coindesk.com/business/2023/02/07/bitcoin-miners-hut-8-us-bitcoin-corp-announce-merger/) > Shares of Hut 8 Mining (HUT) slid 9% on Nasdaq Tuesday, closing at $2.17, after the bitcoin mining firm said it agreed to merge with U.S. Bitcoin Corp. > The two firms will become wholly owned subsidiaries of the newly formed Hut 8 Corp. Shareholders of the two will each own about 50% of the merged company, they said in a Tuesday press release. The deal will have existing shares of Toronto-based Hut 8 consolidated five-to-one in the new company, which will have access to about 825 megawatts (MW) of energy capacity.

JuggaliciousMemes

Fara was cool in MW

bawdyanarchist

Bitcoin has "privacy features" with coinjoin. Eth has "privacy features" with Tornado. Dash has "privacy features." Even zcash has "privacy features." The difference is that optional "privacy features," don't work, and never will. A tiny fraction of people actually use it. The ones that do are very often pwned by the ones who don't. Or often, people are pwned by their own mistakes, sometimes years after the fact. And even for those compsci ninjas who actually get it right ... optional privacy still fails to confer fungibility. Fungibility means the indistinguishability of one coin from another, and it must be conferred on the network as a whole. People that choose to use "privacy features," now have coin that is specifically distinguishable from coin that did not use those features. MW was more like a marketing gimmick than anything. Zcash is already a better BTC code-fork that offers superior privacy in their shielded pool, as MW is weak, and likely attackable.

KAX1107

She's absolutely correct. It might be a good idea to gain [some understanding](https://np.reddit.com/r/Bitcoin/comments/xer6rz/brace_yourselves_for_the_upcoming_campaign/ioieugn/) of the cost, incentive dynamics of energy systems, how we actually produce energy and how much energy we waste before trying to have a crude opinion on the subject. The part about Germany from that linked comment is [being put into practice](https://np.reddit.com/r/Bitcoin/comments/10ddnb3/germany_spends_750_million_out_of_taxpayer/) and covered in German media now. We waste 70% primary energy. 59% lost in generation process. We waste more than we consume. This is both monetary waste and climate waste. We're a very primitive, inefficient civilization. We haven't even figured out how to efficiently consume energy. Energy consumption is not a burden, it should never be. The burden is inability to produce energy efficiently. Higher civilizations learn to produce more and more energy efficiently. This is how civilizations evolve. A civilization's ability to efficiently command energy sources is the measure of its evolution ([Kardashev Scale](https://futurism.com/the-kardashev-scale-type-i-ii-iii-iv-v-civilization)). Humans are at 0.7 on the Kardashev scale. Our fossil resources would not suffice the needs of a > Type 1 civilization for even 2 months. We don't need to save energy and this is not what bitcoin does except obviously with regards to heat repurposing as an efficient reuse of energy. Bitcoin mainly helps to produce more energy affordably, sustainably and most critically reduce energy waste. There's plenty of energy to be harnessed but it's not economically viable without natural, direct cost subsidies and flexible, location agnostic solutions. These properties are unique to bitcoin. Bitcoin is the singular solution. It's the most effective solution we have. Every energy producer will mine bitcoin. It would be daft not to. Every home and business will have a bitcoin miner. It would be daft not to. **It would be daft not to capitalize on a flexible, interruptible, location agnostic energy consumer of last resort that can directly subsidize energy costs, mitigate methane emissions, monetize curtailment, expand renewable infrastructure, stabilize grids, provide energy access to remote places and allow us to scale sustainable energy production.** The integration of bitcoin into the global energy infrastructure has already begun. [Abu Dhabi and Oman sovereign wealth funds move into bitcoin with Crusoe energy stakes](https://www.coindesk.com/business/2022/06/03/middle-east-oil-producers-move-into-bitcoin-mining-with-crusoe-energy-stakes/) [Oman Sovereign Wealth Fund launches 200MW Bitcoin mining centre as part of its Green Data City project](https://np.reddit.com/r/Bitcoin/comments/zuwfvh/oman_sovereign_wealth_fund_launches_200mw_bitcoin/) [Japan's largest power company, TEPCO to mine bitcoin with excess energy](https://bitcoinmagazine.com/business/tepco-to-mine-bitcoin-with-excess-power) [Jack Dorsey’s Block backs bitcoin mining company that wants to bring 25-cent electricity to rural Africa](https://www.cnbc.com/2022/12/06/jack-dorseys-block-backs-bitcoin-mining-firm-bringing-affordable-electricity-to-africa.html) [Gridless Compute expands to rural Malawi, lowering cost of power for 1600 families](https://nitter.net/GridlessCompute/status/1616759775257133057#m) [In an attempt to protect its forests and famous wildlife, Virunga National Park has become the first national park to mine bitcoin](https://www.technologyreview.com/2023/01/13/1066820/cryptocurrency-bitcoin-mining-congo-virunga-national-park/) [Hydro plant in Costa Rica shut down for 9 months due to being economically unviable gets new lease on life mining bitcoin and bringing clean energy to a rapidly expanding business](https://twitter.com/Reuters/status/1482494052704690177) [Stabilizing the Texas power grid: An explanation of the Nash equilibrium between ERCOT and Texas Bitcoin miners](https://blogs.cornell.edu/info2040/2022/09/26/stabilizing-the-texas-power-grid-an-explanation-of-the-nash-equilibriums-between-ercot-texas-bitcoin-miners/) [Stabilizing and decarbonizing the Texas grid with computation and Bitcoin](https://www.austinchamber.com/events/stabilizing-and-decarbonizing-the-texas-grid-with-computation-and-bitcoin) [ERCOT study shows bitcoin mining is beneficial to the grid](https://nitter.net/Crypto_Mags/status/1598735428307554304#m) [Governor of New Hampshire recommends the Department of Energy to review how Bitcoin mining can help stabilize the electricity grid, build more sustainable generation projects, and lower costs for consumers](https://twitter.com/DocumentingBTC/status/1616153358225506329) [Ark Invest: Bitcoin is key to an abundant, clean energy future](https://assets.ctfassets.net/2d5q1td6cyxq/2D2BnksJjavw4a6SUvAPwZ/c42a9e3a520b0cc3b230cda3b43eead5/BCEI_White_Paper_.pdf) Increasingly people are replacing natural gas heating systems with bitcoin. 40-room hotels like [this](https://nitter.net/DCX_Immersion/status/1578812160641478656#m), warehouses like [this](https://nitter.net/BitcoinBrabant/status/1577644318399029250#m), greenhouses like [this](https://nitter.net/BitcoinBrabant/status/1590579757963354112#m) and apartment complexes like [this](https://youtu.be/a5VdJSz6Tlk). Current nat gas heating accounts for 40% of world's CO2 emissions. Bitcoin 0 emissions and you actually get paid to heat your home. I've been getting paid to heat my home since 2019. Useful links below. [Single ASIC home immersion system](https://github.com/satoshi-anonymoto/pleb-miners/blob/main/immersion_cooling/pleb_builds/buildimmersion.md) [The future of $250 space heaters](https://www.cryptocloaks.com/the-future-of-space-heaters-s9-bitcoin-asic/) [DIY Bitcoin Space Heater](https://github.com/NakamotoHeating/BitcoinSpaceHeater) [Heat repurposing](https://imgur.com/diIbTCE) [DCX Immersion Mining + Heating](https://pbs.twimg.com/media/FenduPzXkAAcatX?format=jpg&name=4096x4096) [(https://cryptocooling.eu/)](https://cryptocooling.eu/) [The future of sustainable heating](https://youtu.be/nTRdmYX-0h8)

KAX1107

>“monetizes surplus energy” id such a BS point There's nothing as stupid as to talk about a subject you have [no understanding](https://np.reddit.com/r/Bitcoin/comments/xer6rz/brace_yourselves_for_the_upcoming_campaign/ioieugn/) of and you clearly have no understanding of cost, incentive dynamics of energy systems, how we actually produce energy and how much energy we waste. We waste 70% primary energy now. 59% lost in generation process. We waste more than we consume. This is both monetary waste and climate waste. We're a very primitive, inefficient civilization. We don't even know how to efficiently consume energy. Energy consumption is not a burden, it should never be. The burden is inability to produce energy efficiently. Higher civilizations learn to produce more and more energy efficiently. This is how civilizations evolve. A civilization's ability to efficiently command energy sources is the measure of its evolution ([Kardashev Scale](https://futurism.com/the-kardashev-scale-type-i-ii-iii-iv-v-civilization)). Humans are at 0.7 on the Kardashev scale. Our fossil resources would not suffice the needs of a > Type 1 civilization for 2 months. We don't need to save energy and this is not what bitcoin does except obviously with regards to heat repurposing as [an efficient reuse of energy](https://youtu.be/nTRdmYX-0h8). Bitcoin mainly helps to produce more energy affordably, efficiently and sustainably and most critically reduce energy waste. There's plenty of energy to be harnessed but it's not economically viable without natural, direct cost subsidies and flexible, location agnostic solutions. These properties are unique to bitcoin. Bitcoin is the singular solution. It's the most effective solution we have. Every energy producer will mine bitcoin. It would be daft not to. Every home and business will have a bitcoin miner. It would be daft not to. It would be daft not to capitalize on a flexible, location agnostic energy consumer of last resort that can directly subsidize energy costs, mitigate methane emissions, expand renewable infrastructure, monetize curtailment, stabilize grids, provide energy access to remote places and allow us to scale sustainable energy production. [Abu Dhabi and Oman sovereign wealth funds move into bitcoin with Crusoe energy stakes](https://www.coindesk.com/business/2022/06/03/middle-east-oil-producers-move-into-bitcoin-mining-with-crusoe-energy-stakes/) [Oman Sovereign Wealth Fund launches 200MW Bitcoin mining centre as part of its Green Data City project](https://np.reddit.com/r/Bitcoin/comments/zuwfvh/oman_sovereign_wealth_fund_launches_200mw_bitcoin/) [Japan's largest power company, TEPCO to mine bitcoin with excess energy](https://bitcoinmagazine.com/business/tepco-to-mine-bitcoin-with-excess-power) [Jack Dorsey’s Block backs bitcoin mining company that wants to bring 25-cent electricity to rural Africa](https://www.cnbc.com/2022/12/06/jack-dorseys-block-backs-bitcoin-mining-firm-bringing-affordable-electricity-to-africa.html) [Stabilizing the Texas power grid: An explanation of the Nash equilibrium between ERCOT and Texas Bitcoin miners](https://blogs.cornell.edu/info2040/2022/09/26/stabilizing-the-texas-power-grid-an-explanation-of-the-nash-equilibriums-between-ercot-texas-bitcoin-miners/) [Stabilizing and decarbonizing the Texas grid with computation and Bitcoin](https://www.austinchamber.com/events/stabilizing-and-decarbonizing-the-texas-grid-with-computation-and-bitcoin) [ERCOT study shows bitcoin mining is beneficial to the grid](https://nitter.net/Crypto_Mags/status/1598735428307554304#m) [Governor of New Hampshire recommends the Department of Energy to review how Bitcoin mining can help stabilize the electricity grid, build more sustainable generation projects, and lower costs for consumers](https://twitter.com/DocumentingBTC/status/1616153358225506329) [In an attempt to protect its forests and famous wildlife, Virunga National Park has become the first national park to mine bitcoin](https://www.technologyreview.com/2023/01/13/1066820/cryptocurrency-bitcoin-mining-congo-virunga-national-park/) Increasingly people are replacing natural gas heating systems with bitcoin. 40-room hotels like [this](https://nitter.net/DCX_Immersion/status/1578812160641478656#m), warehouses like [this](https://nitter.net/BitcoinBrabant/status/1577644318399029250#m), greenhouses like [this](https://nitter.net/BitcoinBrabant/status/1590579757963354112#m) and apartment complexes like [this](https://youtu.be/a5VdJSz6Tlk). Current nat gas heating accounts for 40% of world's CO2 emissions. Bitcoin 0 emissions and you actually get paid to heat your home. I've been getting paid to heat my home since 2019. Useful links below. [Single ASIC home immersion system](https://github.com/satoshi-anonymoto/pleb-miners/blob/main/immersion_cooling/pleb_builds/buildimmersion.md) [The future of $250 space heaters](https://www.cryptocloaks.com/the-future-of-space-heaters-s9-bitcoin-asic/) [DIY Bitcoin Space Heater](https://github.com/NakamotoHeating/BitcoinSpaceHeater) [Heat repurposing](https://imgur.com/diIbTCE) [DCX Immersion Mining + Heating](https://pbs.twimg.com/media/FenduPzXkAAcatX?format=jpg&name=4096x4096) [(https://cryptocooling.eu/)](https://cryptocooling.eu/)

coinsRus-2021

Well let's get technical then. Is PR an acronym or an intialism? [Merriam-Webster](https://www.merriam-webster.com/words-at-play/whats-an-acronym) speaks on this. >*Words are made up of letters, but a group of letters doesn’t necessarily become a word. Think of FBI or HMO or TSA or TGIF—perfectly common expressions that we encounter every day, but no one would call them words.* MW (not a word, but an initialism) then goes on to talk about the classification of some acronyms vs initilialism. >*They are commonly called acronyms, but there’s a more specific term that’s used by linguists and people who like being precise about these things: initialism. Acronyms like 'scuba' ("self-contained underwater breathing apparatus") are pronounceable as words. Initialisms like 'FBI' are not.* Conclusion: NASA = acronym == word PR = intialism =/= word

fnetma

Tell me you don't understand energy production and use without telling me you don't understand energy production and use. The mining facility will use 48 MW of power and the nuclear facility will be producing 2.5 GW of power. Educate yourself.

SethDusek5

> Unless they're legally required to turn off on-demand at minimum priority to the rest of the grid, this argument doesn't work. Miners have no incentive to shutdown at high load, and generally don't in practice. Miners operate on pretty thin profit margins. If the price of electricity goes up too much, they'll essentially be "forced" to shutoff. >Using places like Texas as a positive example of power grid management will make you a laughingstock outside of subs like this one or a specific niche of American conservatives, you don't seem to realize how bad a look this is everyone else. Texas did a lot better in the snowstorms this year, with miners turning of 1500 MW of power during peak demand. Again, they do subsidize the grid, and having a constant demand load that can also be easily shut off with the flick of a switch is incredibly helpful.

KAX1107

[Abu Dhabi and Oman sovereign wealth funds move into bitcoin with Crusoe energy stakes](https://www.coindesk.com/business/2022/06/03/middle-east-oil-producers-move-into-bitcoin-mining-with-crusoe-energy-stakes/) [Oman Sovereign Wealth Fund launches 200MW Bitcoin mining centre as part of its Green Data City project](https://np.reddit.com/r/Bitcoin/comments/zuwfvh/oman_sovereign_wealth_fund_launches_200mw_bitcoin/) [Japan's largest power company, TEPCO to mine bitcoin with excess energy](https://bitcoinmagazine.com/business/tepco-to-mine-bitcoin-with-excess-power) [Jack Dorsey’s Block backs bitcoin mining company that wants to bring 25-cent electricity to rural Africa](https://www.cnbc.com/2022/12/06/jack-dorseys-block-backs-bitcoin-mining-firm-bringing-affordable-electricity-to-africa.html) [Stabilizing the Texas power grid: An explanation of the Nash equilibrium between ERCOT and Texas Bitcoin miners](https://blogs.cornell.edu/info2040/2022/09/26/stabilizing-the-texas-power-grid-an-explanation-of-the-nash-equilibriums-between-ercot-texas-bitcoin-miners/) [Stabilizing and decarbonizing the Texas grid with computation and Bitcoin](https://www.austinchamber.com/events/stabilizing-and-decarbonizing-the-texas-grid-with-computation-and-bitcoin) [ERCOT study shows bitcoin mining is beneficial to the grid](https://nitter.net/Crypto_Mags/status/1598735428307554304#m) [Governor of New Hampshire recommends the Department of Energy to review how Bitcoin mining can help stabilize the electricity grid, build more sustainable generation projects, and lower costs for consumers](https://twitter.com/DocumentingBTC/status/1616153358225506329) I see you have a buttcoin flair. I don't think you read anything I linked in the prior comment at all. You're not going to read any of these either and that's okay! If you don't like bitcoin, I understand why these facts may make you angry. But the world is moving on to the [energy standard](https://medium.com/capriole/the-energy-standard-b726edeed588) whether you like it or not. Do you know why? [If you want to get people to do something, all you gotta do is make it profitable to do](https://np.reddit.com/r/Bitcoin/comments/xer6rz/brace_yourselves_for_the_upcoming_campaign/ioieugn/) [The future of sustainable heating](https://youtu.be/nTRdmYX-0h8)

ArtxcusEcho

560 units each? What is that 2MW per container?

KAX1107

You think they haven't started yet? [Abu Dhabi and Oman sovereign wealth funds move into bitcoin with Crusoe energy stakes](https://www.coindesk.com/business/2022/06/03/middle-east-oil-producers-move-into-bitcoin-mining-with-crusoe-energy-stakes/) [Oman Sovereign Wealth Fund launches 200MW Bitcoin mining centre as part of its Green Data City project](https://np.reddit.com/r/Bitcoin/comments/zuwfvh/oman_sovereign_wealth_fund_launches_200mw_bitcoin/)

KAX1107

>Unlike bitcoin, tcp/ip doesn't require the energy footprint of belgium Sure. It also doesn't directly subsidize energy costs, mitigate methane emissions, monetize curtailment, stabilize grids, expand renewable infrastructure, provide energy access to remote places and allow us to scale sustainable energy production. These oblivious comments are fun to read for someone who's worked in the energy industry 8 years and is watching in real time [a quantum leap](https://np.reddit.com/r/CryptoCurrency/comments/zf10j5/ethereums_energy_switch_saves_as_much_electricity/iz9ibgw/) in energy innovation driven by bitcoin. [Abu Dhabi and Oman sovereign wealth funds move into bitcoin with Crusoe energy stakes](https://www.coindesk.com/business/2022/06/03/middle-east-oil-producers-move-into-bitcoin-mining-with-crusoe-energy-stakes/) [Oman Sovereign Wealth Fund launches 200MW Bitcoin mining centre as part of its Green Data City project](https://youtu.be/M00n7hLAbGE) [Japan's largest power company, TEPCO to mine bitcoin with excess energy](https://bitcoinmagazine.com/business/tepco-to-mine-bitcoin-with-excess-power) [Jack Dorsey’s Block backs bitcoin mining company that wants to bring 25-cent electricity to rural Africa](https://www.cnbc.com/2022/12/06/jack-dorseys-block-backs-bitcoin-mining-firm-bringing-affordable-electricity-to-africa.html) [Stabilizing the Texas power grid: An explanation of the Nash equilibrium between ERCOT and Texas Bitcoin miners](https://blogs.cornell.edu/info2040/2022/09/26/stabilizing-the-texas-power-grid-an-explanation-of-the-nash-equilibriums-between-ercot-texas-bitcoin-miners/) [Stabilizing and decarbonizing the Texas grid with computation and Bitcoin](https://www.austinchamber.com/events/stabilizing-and-decarbonizing-the-texas-grid-with-computation-and-bitcoin) [ERCOT study shows bitcoin mining is beneficial to the grid](https://nitter.net/Crypto_Mags/status/1598735428307554304#m)

KAX1107

[Abu Dhabi and Oman sovereign wealth funds move into bitcoin with Crusoe energy stakes](https://www.coindesk.com/business/2022/06/03/middle-east-oil-producers-move-into-bitcoin-mining-with-crusoe-energy-stakes/) [Oman Sovereign Wealth Fund launches 200MW Bitcoin mining centre as part of its Green Data City project](https://np.reddit.com/r/Bitcoin/comments/zuwfvh/oman_sovereign_wealth_fund_launches_200mw_bitcoin/) [Japan's largest power company, TEPCO to mine bitcoin with excess energy](https://bitcoinmagazine.com/business/tepco-to-mine-bitcoin-with-excess-power) [Jack Dorsey’s Block backs bitcoin mining company that wants to bring 25-cent electricity to rural Africa](https://www.cnbc.com/2022/12/06/jack-dorseys-block-backs-bitcoin-mining-firm-bringing-affordable-electricity-to-africa.html) [Stabilizing the Texas power grid: An explanation of the Nash equilibrium between ERCOT and Texas Bitcoin miners](https://blogs.cornell.edu/info2040/2022/09/26/stabilizing-the-texas-power-grid-an-explanation-of-the-nash-equilibriums-between-ercot-texas-bitcoin-miners/) [Stabilizing and decarbonizing the Texas grid with computation and Bitcoin](https://www.austinchamber.com/events/stabilizing-and-decarbonizing-the-texas-grid-with-computation-and-bitcoin) [ERCOT study shows bitcoin mining is beneficial to the grid](https://nitter.net/Crypto_Mags/status/1598735428307554304#m) Increasingly people are replacing nat gas heating systems with bitcoin. 40-room hotels like [this](https://nitter.net/DCX_Immersion/status/1578812160641478656#m), warehouses like [this](https://nitter.net/BitcoinBrabant/status/1577644318399029250#m), greenhouses like [this](https://nitter.net/BitcoinBrabant/status/1590579757963354112#m) and apartment complexes like [this](https://youtu.be/a5VdJSz6Tlk). Current nat gas heating accounts for 40% of world's CO2 emissions. Bitcoin 0 emissions and you actually get paid to heat your home. I've been getting paid to heat my home since 2019. Useful links below. [Single ASIC home immersion system](https://github.com/satoshi-anonymoto/pleb-miners/blob/main/immersion_cooling/pleb_builds/buildimmersion.md) [The future of $250 space heaters](https://www.cryptocloaks.com/the-future-of-space-heaters-s9-bitcoin-asic/) [DIY Bitcoin Space Heater](https://github.com/NakamotoHeating/BitcoinSpaceHeater) [Heat repurposing](https://imgur.com/diIbTCE) [DCX Immersion Mining + Heating](https://pbs.twimg.com/media/FenduPzXkAAcatX?format=jpg&name=4096x4096) [(https://cryptocooling.eu/)](https://cryptocooling.eu/)

KAX1107

>We need to be factoring in efficiency Correct. Efficiency improves the [economics of energy production](https://np.reddit.com/r/Bitcoin/comments/xer6rz/brace_yourselves_for_the_upcoming_campaign/ioieugn/) and scales our ability to harness more energy. Energy consumption is not a burden. The burden is inability to produce energy efficiently. Higher civilizations learn to produce more and more energy efficiently. This is how civilizations evolve. A civilization's ability to command energy sources is the measure of its evolution ([Kardashev Scale](https://futurism.com/the-kardashev-scale-type-i-ii-iii-iv-v-civilization)). >I did find awkward the commentary around using energy use as an assessment of how advanced a civilization is (the whole Kardashev reference) Only if you haven't critically thought about why it's the measure of how advanced a civilization is. Any civilization that can consume more energy by the very fact has learned to harness energy with greater efficiency than one that consumes less. We currently waste more than we consume. 70% energy waste globally. 59% lost in generation process. We're a very primitive species at 0.7 on the Kardashev scale. Our fossil resources would not suffice the needs of a Type 1 civilization for 2 months. We don't need to save energy and let's be clear this is not what bitcoin does. Bitcoin helps to produce more energy affordably, efficiently and sustainably and most critically reduce energy waste. There's plenty of energy to be harnessed but it's not economically viable without natural, direct cost subsidies and flexible, location agnostic solutions. These properties are unique to bitcoin. Bitcoin is the singular solution. It's the most effective solution we have. Every energy producer will mine bitcoin. It would be daft not to. Every home and business will have a bitcoin miner. It would be daft not to. It would be daft not to capitalize on a flexible, location agnostic energy consumer of last resort that can directly subsidize energy costs, mitigate methane emissions, expand renewable infrastructure, monetize curtailment, stabilize grids, provide energy access to remote places and allow us to scale sustainable energy production. I'm speaking from 8 years of experience involved in the nitty gritty of energy systems and the integration of bitcoin into our energy infrastructure has already begun in the last 12-18 months. [Here](https://twitter.com/GridlessCompute/status/1577643514267156481) is a very impactful example in Kenya where Bitcoin is reducing energy cost for local communities by 90%. Jack Dorsey's Block has now [invested](https://www.cnbc.com/2022/12/06/jack-dorseys-block-backs-bitcoin-mining-firm-bringing-affordable-electricity-to-africa.html) in this grassroots mining company and they're going to deploy this all across Africa harnessing remote energy sources which were not previously economically viable and bring cheap, easily accessible power to Africa where 58% of overall population and more importantly 92% of rural Africa doesn't have electricity access. [Oman Sovereign Wealth Fund launches 200MW Bitcoin mining centre as part of its Green Data City project](https://np.reddit.com/r/Bitcoin/comments/zuwfvh/oman_sovereign_wealth_fund_launches_200mw_bitcoin/) [Stabilizing the Texas power grid: An explanation of the Nash equilibrium between ERCOT and Texas Bitcoin miners](https://blogs.cornell.edu/info2040/2022/09/26/stabilizing-the-texas-power-grid-an-explanation-of-the-nash-equilibriums-between-ercot-texas-bitcoin-miners/) [Stabilizing and decarbonizing the Texas grid with computation and Bitcoin](https://www.austinchamber.com/events/stabilizing-and-decarbonizing-the-texas-grid-with-computation-and-bitcoin) [Ercot study shows bitcoin mining is beneficial to the grid](https://twitter.com/Crypto_Mags/status/1598735428307554304) [Japan's largest power company, TEPCO to mine bitcoin with excess energy](https://bitcoinmagazine.com/business/tepco-to-mine-bitcoin-with-excess-power) Increasingly people have started replacing their nat gas heating systems with bitcoin. 40-room hotels like [this](https://twitter.com/DCX_Immersion/status/1578812160641478656), warehouses like [this](https://twitter.com/BitcoinBrabant/status/1577644318399029250), greenhouses like [this](https://twitter.com/BitcoinBrabant/status/1590579757963354112) and apartment complexes like [this](https://youtu.be/a5VdJSz6Tlk). Current nat gas heating accounts for 40% of world's CO2 emissions. I'm personally mining off solar and repurposing heat for my home. [Arcane Research: How Bitcoin Mining Can Transform Our Energy Infrastructure](https://arcane.no/research/how-bitcoin-mining-can-transform-the-energy-industry-summary)

100_Jose_Maria_001

You have to understand that the 2 main issues holding renewables back, are 1- The nature of the inconsistent energy production. Basically, the sun doesn't always shine. The wind doesn't always blow. So if a 200MW plant burning coal is all you needed for a population center, to replace it with 100% renewables you would need 400MW or more of capacity. That way, if the wind blows but the sun doesn't shine, or viceversa, you can still keep your lights on. But building THAT MUCH excess capacity doesn't come cheap. Energy producers rely on industrial energy buyers to monetize their excess capacity. They sell the electricity at cheaper prices because when there is not enough power to supply the grid, industrial buyers are contractually obligated to shut down. That is called VARIABLE LOAD. **Without variable load, you can't make it financially feasible to create enough renewables capacity to supplant fossil fuels.** The only PROBLEM, is that not all variable loads are very flexible. You can't shut down an aluminum plant at a moment's notice, or turn it back on within minutes. Industrial processes are cumulative, meaning that stopping it before completion will waste all the progress thus far. Industrial furnaces take a long time to turn on and off. Etc. etc. It turns out, the most flexible variable load on the planet is Bitcoin mining. It can be turned off and on at moment's notice, without affecting the work being done before shutdown (every guess is probabilistically the same as the previous one, which is why we say we are ALWAYS 10 minutes away from a new bloc, no matter how many minutes have passed). In Texas' ERCOT grid, you can see how during times of peak demand, the utility companies can afford to pay buyers for the electricity they return to the grid. So either way, mining operators are getting paid. 2- The remoteness of certain renewable energy intensive locations. The sun shines the brightest, and the wind is the strongest in remote areas, away from urban/industrial centers. That means you not only have to build renewables at 2x, 3x, 4x the capacity that would be needed with fossil fuels, you also need to build the infrastructure and transmission lines. The initial sunken costs are simply unfeasible. Lo and behold, Bitcoin miners can be shipped anywhere in the world, and help monetize the energy right away. Let's say a little local town in a semi-dessert area only needs 5MW of power. You can now afford to build 100MW and can monetize it right away without having to build a transmission line to the main national grid. Now that 100MW can help the town grow, attract more people, and as things progress, you can then afford to build more infrastructure with the revenues from mining. This is just a peek into it. There is a lot of information out there. Just google it.

Ceago

I'm getting really tired of explaining this to dumbasses who think they know what they're talking about but don't have a fucking clue how power generation works. Here's as cut and dry an explanation I can muster. Example 1: Grid runs without any miners and the average load during normal operation is 1,000 MW. The power companies will design their facilities to create as close to 1,000 MW of power as possible at all times so as not to lose efficiency and waste excess energy. You build your facilities to accommodate this amount of power draw and not much more because you simply can't spool up a brand new generator at the flip of a switch. Now what happens when a winter storm hits is that all of a sudden the power demand goes to say 2,000 MW and all of a sudden there is not enough power to supply the demand. Example 2: Grid runs with miners and is designed to accommodate an average load of 2,000 MW as the miners are drawing a constant additional power amount. This is not wasteful for the energy company and the miners turn a profit from using the energy. Now when a winter storm hits, the miners shut off their operation which is far easier than spooling up new facilities which then allows for an additional 1,000 MW of energy to be available for public consumption that would not have existed before. This is what they are referring to in these articles that nobody bothers to read and instead make snide fart sniffing remarks like the overconfident pseudo intellectuals this website attracts.

KAX1107

The guy wrote his own dumb headline for an article about public miners under stress because they were inefficient. Meanwhile hashrate is at ATH, more than double what it was at ATH. ASICs do one thing. They go from inefficient miners to efficient miners. That's all. There's no small or large scale. It's only how efficient you are and whether you keep innovating to optimize for cost. I'm a home miner getting paid to heat my home. S9 costs around $100-150 now and would give you 4700BTU/h. If you have surplus like me, it's a no brainer monetizing it while also saving on heating costs. I'm running an immersion setup with m30s+. Break even on capex around 9 months. I've been getting paid to heat my home since! [Single ASIC home immersion system](https://github.com/satoshi-anonymoto/pleb-miners/blob/main/immersion_cooling/pleb_builds/buildimmersion.md) [The future of space heaters](https://www.cryptocloaks.com/the-future-of-space-heaters-s9-bitcoin-asic/) [DIY Bitcoin Space Heater](https://github.com/NakamotoHeating/BitcoinSpaceHeater) [Heat repurposing](https://imgur.com/diIbTCE) [DCX Immersion Mining + Heating](https://pbs.twimg.com/media/FenduPzXkAAcatX?format=jpg&name=4096x4096) [(https://cryptocooling.eu/)](https://cryptocooling.eu/) Increasingly people are replacing nat gas heating systems with bitcoin. 40-room hotels like [this](https://nitter.net/DCX_Immersion/status/1578812160641478656#m), warehouses like [this](https://nitter.net/BitcoinBrabant/status/1577644318399029250#m), greenhouses like [this](https://nitter.net/BitcoinBrabant/status/1590579757963354112#m) and apartment complexes like [this](https://youtu.be/a5VdJSz6Tlk). Current natural gas heating accounts for 40% of world's CO2 emissions. Bitcoin 0 emissions and you can get paid to heat your home. Apart from home miners, there are also grassroots stranded energy projects like [this](https://nitter.net/GridlessCompute/status/1577643514267156481#m) in Kenya where bitcoin improves the economics of energy production, cutting energy costs for local communities by 90%. Block has now invested in Gridless Compute. They're going to deploy this all across Africa harnessing remote energy sources which were not previously economically viable and bring cheap, easily accessible power to Africa where 58% of overall population and more importantly 92% of rural Africa doesn't have electricity access. A lot of American hash power is going to migrate to places like the middle east, Russia, Paraguay, Oceania. [Abu Dhabi and Oman sovereign wealth funds move into bitcoin with Crusoe energy stakes](https://www.coindesk.com/business/2022/06/03/middle-east-oil-producers-move-into-bitcoin-mining-with-crusoe-energy-stakes/) [Oman Sovereign Wealth Fund launches 200MW Bitcoin mining centre as part of its Green Data City project](https://np.reddit.com/r/Bitcoin/comments/zuwfvh/oman_sovereign_wealth_fund_launches_200mw_bitcoin/) Several public miners in America were inefficient miners. Regardless of scale, if you're not innovating then those who are innovating will take your ASICs off you. Hashrate simply migrates to efficient miners. That's all.

anonymouscitizen2

Nobody is setting up MW renewable plants just to mine but miners now act as a buyer of last resort giving new and existing plants reliable buyers. It does help the calculus when expanding green energy production. In 2019 hydro producers were selling energy to bitcoin miners at 0.021-0.027 per kwh. Very few dirty energy sources can compete with that.

crownpoly

No that was 11. I just had a lot of fun hanging with friends drinking monsters playing guitar hero and MW2. Chatting with girls on aim messenger lol. Good times

KAX1107

I'm not really surprised. Being in the energy industry, I can tell you middle east is going big on bitcoin. Crusoe and Big Block Bitcoin Green Services have been working in the region since about a year ago. [Abu Dhabi and Oman](https://www.coindesk.com/business/2022/06/03/middle-east-oil-producers-move-into-bitcoin-mining-with-crusoe-energy-stakes/) sovereign wealth funds are heavily invested in bitcoin mining already. [Oman Sovereign Wealth Fund launches 200MW Bitcoin mining centre as part of its Green Data City project](https://np.reddit.com/r/Bitcoin/comments/zuwfvh/oman_sovereign_wealth_fund_launches_200mw_bitcoin/)

JacobLambda

Well this year they rolled out Extension Blocks which are a system for rolling out new functionality without significant changes to the core protocol. This was then used to implement privacy preserving transactions via MW. I attached an article that explains it better. https://medium.com/interdax/litecoins-mimblewimble-extension-block-proposal-209337b38b11

Odysseus_Lannister

I stand corrected, it spiked in may 2021. Again the silver to gold narrative just isn’t true in terms of value for it. I agree that LTC has a lot of uses and has recently added privacy in the form of MW, but if I wanted a privacy coin I’d just use XMR. If I want to transfer a crypto quickly and for cheap, I’ll use XLM. There’s a lot of things LTC does and it’s reliable, but it’s not exactly the best at any particular thing and it’s definitely not killing other projects, it continued to survive. I’ve even acknowledged that it’s reliable and has utility but I’m not going to buy some in hopes of making significant monetary gains.

KAX1107

Largest any individual mining company has is Core Scientific with 4% Core Scientific filed for bankruptcy last week Next in with 2% hashrate is Riot and then Marathon with around 1.5% Bitfarms, CleanSpark, Iris energy, Hut, Argo all have 1-1.5% Over the next few months, quite a bit of US hashrate could shift to middle east and Africa Abu Dhabi and Oman sovereign wealth funds have started mining. Oman SWF just [inaugurated](https://youtu.be/M00n7hLAbGE) a 200MW facility with plans to add another 400MW

KAX1107

Oman sovereign wealth fund just set up a 200MW facility in Mirbat Public American bitcoin miners getting rekt as more efficient miners on other continents pick up the slack

ndgoLiberty

Did anyone see even 1MW worth of miners in this video. They are at least 6 months away from being at even 10MW

SatStandard

I found these articles https://www.omanobserver.om/article/1126765/business/energy/oman-backed-bitcoin-miner-announces-new-acquisition https://www.omanobserver.om/article/1129432/business/markets/mirbat-facility-to-be-omans-first-crypto-mining-data-centre Phase one uses immersion cooling technology. It says phase two will add a further 400MW capacity with patented deep-sea water cooling.

broken_clock_EU

200MW on paper. Where is the infrastructure on the video?

coinfeeds-bot

tldr; Iris Energy, a leading owner and operator of institutional-grade Bitcoin mining data centers powered by 100% renewable energy, announced that its 160MW of data center capacity is not affected by the Government of British Columbia’s suspension on new and early stage BC Hydro connection requests from cryptocurrency mining projects due to unprecedented interest. Construction of the first 20MW data center at its 600MW project in Childress, Texas remains on track. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Big-Yogurtcloset2731

They are asking very big miners (>5 MW) only for that transparency. So I support it.

Odysseus_Lannister

I doubt it tbh. I don’t see an army of XRP supporters or DOGE here and most old coins have either died or faded into irrelevance. LTC has stuck around but it’s not really good at one thing aside from being dependable and around. MW gives privacy but not as good as XMR and the lightning network for BTC makes a negligible speed difference.

KAX1107

[87MW solar farm](https://www.pv-tech.org/87mw-solar-powered-bitcoin-mining-centre-becomes-operational-in-texas/) >You're trying to comment about a business you have no experience in Worked in the energy industry 8 years. Advising hydro mining projects. You don't know where this industry is going. You're living in 2017.

Kancho_Ninja

The reason it’s not done is shareholders. Turbines have to spin at a certain RPM to be efficient. Much like your car, they perform best in a certain range. So if a power plant produces 1000MW at the most efficient speed, and only 800MW are used, that 200MW are “lost”. That’s why power plants are built with multiple turbines. If the demand increases, they spool up another turbine. If demand decreases, they shut one down. It’s not an always-on produce 1000MW every day deal. They can run 8 turbines and produce the 800MW demanded. From what I read, it sounds like Texas is proposing to run the power plants at capacity and sell the electricity to BTC miners. It’s like someone said “Hey, we’re only using an average of 900MW per day - how can we keep all 10 turbines working and profit? Oh! Let’s encourage BTC miners to use electricity!” So, the point is, there is no “excess” electricity - or very little. If demand is for 750MW and you produce 800MW because you must spin 8 turbines, you’re wasting a small amount. That excess could be reclaimed with many, many, different projects which are proven, usually compressed air or a gravitational-type solution. Instead, Texas wants to run at 100% capacity all the time and hope BTC miners voluntarily decide to lose money and turn off their rigs when demand exceeds supply.

LWKD

True, but guess what? People are! Foottraffic is highest since start covid. Mainly due to launches, MW2, GoW and Pokemon stuff.

KnackeredParrot

TLDR: Crypto mining and staking firm Foundry will buy two "turnkey" crypto mining assets with a total of 17 megawatt (MW) computing capacity from bitcoin miner Compute North, which filed for Chapter 11 bankruptcy protection in late September. Also have an option to buy a third.

KAX1107

All the average costs you're reading about are wrong. There is no average cost when you're monetizing curtailment, energy waste, capturing methane or repurposing heat. Bitcoin plays a critical role in transforming our energy infrastructure as a flexible, location agnostic energy consumer of last resort. The recognition of this invaluable utility is growing in the energy industry. Bitcoin improves the economics of renewables by monetizing energy waste (we waste way more energy than we actually use). Energy waste is monetary loss. When you monetize it, you can produce more energy cheaply. Like [here](https://nitter.it/hash_bender/status/1577354828551962624#m) in Kenya where Bitcoin reduces energy cost by 90% for local communities. These mini grids are now being deployed all across Africa. It also makes removing methane emissions, which are just harmful waste economically viable by making it a profitable venture, as [Exxon has been doing](https://www.cnbc.com/2022/03/26/exxon-mining-bitcoin-with-crusoe-energy-in-north-dakota-bakken-region.html) since last year. The grid mix issue is not a Bitcoin issue at all. In fact Bitcoin improves grid mix making renewables cheaper and more viable. Bitcoin emits no carbon, only heat which can be easily repurposed like [this](https://nitter.it/DCX_Immersion/status/1578812160641478656#m) 40-room hotel or [this](https://nitter.it/BitcoinBrabant/status/1577644318399029250#m) warehouse in Netherlands where they replaced natural gas heating with heat repurposed from Bitcoin miners powered by solar. [Repurposing Bitcoin mining heat can solve global energy crisis](https://cointelegraph.com/news/repurposing-bitcoin-mining-heat-can-solve-global-energy-crisis-arcane) But even if we wrongly attribute grid mix issue as a Bitcoin issue, the network is still on track to be [carbon negative by end of 2024](https://batcoinz.com/50-landfills-mining-bitcoin-a-zero-emission-bitcoin-network/). 123 x 1.5 MW units mining from vented methane would make the bitcoin network carbon negative. There are 1404 landfills in the US alone without methane capture or flaring infrastructure. [Vespene Energy](https://vespene.energy) is currently working on the problem. I explain more [here](https://np.reddit.com/r/Bitcoin/comments/xer6rz/comment/ioieugn/) [Arcane Research: How Bitcoin can transform the energy industry](https://arcane.no/research/how-bitcoin-mining-can-transform-the-energy-industry-summary)

MoarWhisky

Monero because of its privacy and ASIC resistance, and Bitcoin due to the large number of miners. Litecoin gets an honorable mention for its implementation of MW.