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VOICE ARCHIVE

Daniel Batten

@dsbatten
7 posts
2024-02-24
@EIAgov It's the right move. It was discriminatory to take a more hostile, “comply or be fined 10K per day” approach to Bitcoin datacenters while taking a softly-softly approach to the energy consumption of AI datacenters. One rule for all consumers of energy please.
2024-02-24 View on X
Reuters

The US DOE says it will suspend its mandatory survey of energy use by crypto miners, following a lawsuit by bitcoin miner Riot Platforms and an industry group

The U.S. Department of Energy (DOE) on Friday agreed to temporarily suspend its emergency survey of energy use …

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2023-11-30
Why the @BBCNews article on Bitcoin and Water is a monument to journalistic laziness https://www.bbc.com/... The day after the Independent publish the results of a high quality independent study on Bitcoin, the BBC publish the junk-science of a known anti-Bitcoin lobbyist using...
2023-11-30 View on X
The Verge

Analysis: crypto mining used ~1,600 gigaliters of water in 2021 when bitcoin peaked at $65K, or 16K liters per transaction, around 6.2M times a credit card

Bitcoin mines aren't just energy-hungry, it turns out they're thirsty, too.  The water consumption tied to a single Bitcoin transaction …

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2023-05-01
At their Q4 '21 peak, ASICS were $106.17/Th So if they bought at the worst time, since an S19JPro is 110Th/3.25kW, they would have purchased - 53 MW - 1.78 EH of ASICS
2023-05-01 View on X
Forbes

Bhutan has quietly been mining bitcoin since 2019, becoming the second country after El Salvador known to have a state-run mine, and is planning a 100 MW mine

The Himalayan kingdom confirmed it has been running a bitcoin mining operation as mystery surrounds the scale of its earlier cryptocurrency investments.

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The Forbes article also said a source indicated they intended to build 100MW. For them to achieve this, they would have needed to buy @ $56/Th. Looking at the ASICS price curve, they could easily have locked in this average buy-price - especially for a big order.
2023-05-01 View on X
Forbes

Bhutan has quietly been mining bitcoin since 2019, becoming the second country after El Salvador known to have a state-run mine, and is planning a 100 MW mine

The Himalayan kingdom confirmed it has been running a bitcoin mining operation as mystery surrounds the scale of its earlier cryptocurrency investments.

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Based on today's Forbes article, Bhutan's Hydro-based Bitcoin mining is * at least 53 MW/ 1.78 EH (if they bought at the peak) * Most likely to be 100 MW/ 3.37 EH ( which would be a little under 1% of global hashrate) Pretty significant. Calculations enclosed https://twitter.com/...
2023-05-01 View on X
Forbes

Bhutan has quietly been mining bitcoin since 2019, becoming the second country after El Salvador known to have a state-run mine, and is planning a 100 MW mine

The Himalayan kingdom confirmed it has been running a bitcoin mining operation as mystery surrounds the scale of its earlier cryptocurrency investments.

View original
Bhutan bought a total of 141M + 51M in chips, 2.2M of which was likely the baseline of non-ASICS chips. So that's 189.8M on new ASICS. As they were purchased in '21 and '22, we can assume they were most likely S19JPro equivalents. source: https://www.forbes.com/...
2023-05-01 View on X
Forbes

Bhutan has quietly been mining bitcoin since 2019, becoming the second country after El Salvador known to have a state-run mine, and is planning a 100 MW mine

The Himalayan kingdom confirmed it has been running a bitcoin mining operation as mystery surrounds the scale of its earlier cryptocurrency investments.

View original
2023-04-10
Here's 2 quick reasons why we should have zero-trust in the NYTimes article on Bitcoin. First have a look at the table they compiled on the top 6 miners (the full table is much longer) I have the actual data from these miners (and the others in their table) compiled over an 8... https://twitter.com/... https://twitter.com/...
2023-04-10 View on X
New York Times

A look at the impact of 34 US bitcoin mines and their extreme demand for energy, as the cost of electricity for locals increases in Texas and other areas

Bitcoin mines cash in on electricity — by devouring it, selling it, even turning it off — and they cause immense pollution.

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