Bitcoin Energy Markets with Shaun Connell
SHOW NOTES:
https://www.whatbitcoindid.com/podcast/bitcoin-energy-markets
Shaun Connell is Executive VP of Power at Lancium and an energy trading expert focused on incorporating Bitcoin mining into energy transition services. In this interview, we discuss the fundamentals of energy trading, the need to balance energy supply with demand, and the symbiotic relationship between Bitcoin mining, renewables and the energy grid.
THIS EPISODE’S SPONSORS:
Gemini - https://www.gemini.com/
BlockFi - https://blockfi.com/peter
Sportsbet.io - https://sportsbet.io/?ref=wbd
Casa - https://keys.casa/?pk_campaign=wbd-yearly-sponsor&pk_medium=sponsorship&pk_source=what-bitcoin-did
Ledger - https://www.ledger.com/
Compass Mining - https://compassmining.io/
BCB Group - https://hubs.ly/Q011cb730
LVL - https://www.lvl.co/wbd
TIMESTAMPS:
00:00:00 Introduction
00:00:33 Trading energy markets
00:20:46 Winners and losers and Bitcoin miners
00:30:23 Prices always converge
00:44:16 Managing supply to meet demand
00:54:29 Managing renewable energy supply
01:02:53 Mining’s unique value for demand response
01:09:25 Viability of a renewable energy dominance
01:23:14 Bitcoin miners and the grid
01:31:49 Miners as the buyers of last resort
01:41:43 Positive Bitcoin mining messaging
WHERE TO FIND THE SHOW:
→ My website: https://www.whatbitcoindid.com/podcast/
→ iTunes: https://apple.co/2OOlzVV
→ Spotify: https://spoti.fi/2ygc4W1
→ Stitcher: https://bit.ly/2IQO8fX
→ SoundCloud: https://bit.ly/2CGSVQR
→ YouTube: https://bit.ly/3nyi9Ez
→ TuneIn: https://bit.ly/2ywystr
LISTEN TO OLD EPISODES:
→ By guest: https://www.whatbitcoindid.com/guests/
→ By topic: https://www.whatbitcoindid.com/topics/
→ Transcriptions: https://www.whatbitcoindid.com/transcriptions/
SUPPORT THE SHOW:
→ https://www.whatbitcoindid.com/sponsorship/
→ Become a Patron: https://www.patreon.com/whatbitcoindid/
→ Subscribe on iTunes
→ Leave a review on iTunes
→ Share the show out with your friends and family on social media
→ Drop me a line on hello@whatbitcoindid.com
WHERE TO FOLLOW ME:
→ Twitter: https://twitter.com/whatbitcoindid/
→ Medium: https://medium.com/@whatbitcoindid/
→ Instagram: http://instagram.com/whatbitcoindid/
→ Facebook: https://www.facebook.com/whatbitcoindid/
→ YouTube: https://www.youtube.com/whatbitcoindidpodcast
→ Website: https://www.whatbitcoindid.com/
→ Email list: https://www.whatbitcoindid.com/subscribe/
LEARN ABOUT BITCOIN:
→ Step by Step Guide: https://www.whatbitcoindid.com/beginners-guide
→ Training: https://www.whatbitcoindid.com/training/
→ Resources: https://www.whatbitcoindid.com/resources/
#Bitcoin #Finance #Economics
****
“You can put on this Bitcoin miner attached to your nuclear facility… and since your Bitcoin mining site can be dialled up and dialled down for how it’s dispatched, you’ve just put a supercharger on your nuclear plant; you can now actually provide flexibility to the grid because you have the ability to ramp your nuke through the Bitcoin mining.”
— Shaun Connell
Shaun Connell is Executive VP of Power at Lancium and an energy trading expert focused on incorporating Bitcoin mining into energy transition services. In this interview, we discuss the fundamentals of energy trading, the need to balance energy supply with demand, and the symbiotic relationship between Bitcoin mining, renewables and the energy grid.
- - - -
If climate change forecasts are to be believed, the implications for society are profound. Many believe that the sources of energy that enabled our society to thrive and prosper over the past 250 years need to be replaced by alternative types of energy deemed to be more sustainable. Others fear that such a transition risks millennia of civilisational advancement.
The debate around climate change and energy is therefore highly charged. And yet, there is a significant deficit in our general understanding of how the energy system works.
Wind and solar are now the cheapest sources of energy, so why aren’t we rapidly progressing to 100% renewable energy grids? If we need to decarbonise the grid, why do wind and solar producers have to curtail energy production? If Bitcoin mining is becoming an increasingly more significant user of energy, why are grid managers increasingly seeking to assimilate it?
Whatever the reasons for the ignorance of the energy system, and whether or not it has been or will be exploited by special interests, the obvious concern is that it will lead to bad policy being formulated at a critical time. Knowledge is power.
-
1:13:53
What Bitcoin Did
22 days agoWhitney Webb & Mark Goodwin on How Intelligence Agencies Capture Everything
1.55K2 -
58:40
The Dan Bongino Show
4 hours agoGet Ready. Here’s What’s Going To Happen If Trump Wins In November (Ep. 2302) - 08/06/2024
535K1.61K -
2:32:19
The Kirk Minihane Show
6 hours agoKMS LIVE | August 6, 2024
43.9K1 -
1:07:07
Geeks + Gamers
3 hours agoStar Wars Outlaws Facing Massive Backlash - Marvel Studios Reportedly FIRES Activists
26.9K4 -
1:12:44
Steven Crowder
4 hours agoBREAKING: Kamala picks radical Tim Walz | Everything you need to know about Minnesota Governor
259K553 -
1:47:36
Benny Johnson
3 hours ago🚨 Kamala Picks Tim Walz for Vice President | Dark Truth About Governor Who Let His City BURN 🔥
70.4K174 -
21:44
Breaking Points
3 hours ago8/6/24: LIVE AMA!
35.2K4 -
1:06:39
Graham Allen
6 hours ago🚨IRAN ATTACKS US BASE!! This Is Only The Beginning + Kamala To Pick VP TODAY!
83.2K164 -
2:29:41
Matt Kohrs
16 hours agoThe Gov'nt Is CRASHING The Market?! || The MK Show
71.7K7 -
28:54
BonginoReport
6 hours agoData Proves FBI Is Hunting Down Pro-Lifers (Ep. 15) - 08/06/24
93.1K132