Although some believe bitcoin mining is a wasteful activity, on today's show we dig into the relative world of constant fuel production, lumpy demand and bitcoin-based load balancing.
After years of bitcoin mining domination by China-based miners, some U.S. power producers, both professional and incidental, are beginning to get into the game as a way to be more green. It's a narrative reversal if ever we've seen one and if proven successful by the early players could change the bitcoin mining landscape as we know it.
But even without a "green bitcoin" narrative in the U.S., one of China's two major mining advantages has evaporated as Moore's Law stretches out the useful lifespan of modern bitcoin miners hardware.
Marty Bent's "Great American Mining" episode (1)
Correction: Before installing miners, Greenidge Generation previously shut down during off-peak season. During the episode Adam incorrectly stated that it previously shut down during off-peak hours.
Today's episode features Andreas M. Antonopoulos, Stephanie Murphy, Jonathan Mohan and Adam B. Levine.
This episode features music by Jared Rubens and Gurty Beats. Today's show is edited by Jonas, and sponsored by eToro.com.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.