Ep. 9 Energy Strategies for Bitcoin Mining

04/19/23 • 74 min

On today's show, my guest is Nathan Sprague. Nathan is the COO at Outlaw Mining, a company that specializes in sourcing and developing access to dirt-cheap power supply, at scale, designed to power high-power computing applications. They work to bring a turnkey solution to individuals and companies wanting to build a bitcoin mining site by pinpointing access to cheap power, developing the land, and getting the site container ready for a mining operation. Nathan brings over a decade of experience and knowledge of utility companies, energy markets & trading, as well as years of executive level experience at bitcoin mining companies.

On todays show, Nathan and I talk through how Outlaw Mining creates these turnkey sites for bitcoin mining by working directly with power generators, where most of these opportunities for bitcoin miners are in the US and the nuances of the different grid systems, which power generators are typically the most advantageous for bitcoin mining facilities and why they stand to gain the most from having a co-located bitcoin mining facility on site, and finally we wrap up by discussing how bitcoin mining benefits utility companies because of their high load factor. This conversation was incredible and I’ve already re-listened to it twice now just to soak up all of the information that Nathan shares. If you want to hear more about how and why bitcoin mining is the perfect tool for increasing more renewable energy then buckle up for a great conversation.

Today’s podcast is brought to you by our sponsor, the Texas Blockchain Council; a bitcoin-first nonprofit industry organization working to make Texas the jurisdiction of choice for bitcoin mining and blockchain innovation. They will be hosting North America’s premiere policy conference for the bitcoin and digital asset ecosystem on November 15-17 in Fort Worth Texas. For more information, please visit their website at texasblockchaincouncil.org

Support for today's show comes from SunnySide Digital, the leading wholesale distributor of data center and digital mining hardware and infrastructure.. Contact their sales team today at [email protected].

bitcoin, cryptocurrency, mining, energy consumption, renewable energy, sustainability, power grid, blockchain, technology, innovation, business, finance, investment, climate change, environment, energy efficiency, electricity production, utility companies, power companies, energy industry

Previous Episode

Ep. 8 Bitcoin Mining Software Deep Dive

On today's show, my guest is Matt Lousteau. Matt is the Business Development Manager at Luxor, they are a software company focused on the bitcoin mining space. They are building a full-stack suite of bitcoin mining software and financial services products. They offer everything from a mining pool, to ASIC trading desk, to their brand new 3rd party ASIC firmware.

Truth be told, this is a change of pace for the Hashrate Happy Hour, where normally I am focused on the energy component to bitcoin mining and how those two worlds are colliding, but on todays show Matt and I go down the bitcoin mining software rabbit hole. We talk about Matt’s overlapping experience in the oil & gas industry and how it lead him to bitcoin mining, the full suite of products that Luxor offers its customers and how their customers are utilizing the software for things like curtailment, how their new firmware, LuxOS, is revolutionizing the way miners will be able to manage their fleets and how it can be leveraged as a better way to manage op-ex budgets, and we ended the conversation with what in the world are Ordinals and why miners should be excited about them. I really enjoyed the conversation discussing the software side of bitcoin mining and how miners can better leverage these tools.

Next Episode

Ep. 10 Bitcoin Mining and Demand Response Programs

On today's show, my guest is Joe Dillion. Joe is the CEO and Founder of Adakon Energy Solutions, Adakon is focused on providing solutions to utilities, power generation, developers, and municipalities to help them manage or procure large flexible loads and generation for their stakeholders. Their focus is on bitcoin mining, where there areas of practice are site development to consulting utilities, to site optimization. Joe is coming to the show with not only decades of experience in the power and electricity industry but a deep past of bitcoin mining as well.

On todays show, Joe and I talk about legacy demand response and energy consumption control products that have been around for a long time and how bitcoin mining is disrupting that industry, four different products in a bitcoin mining facility that help optimize the total economic output of the operation, how legacy Fortune 500 companies such as Honeywell are starting to catch on to the benefits of bitcoin mining facilities as a tool for the grid, and we wrap up the conversation with Joe’s perspective on what each industry could do to have a better approach to their energy strategy. This was one of the more memorable conversations I have had on the show and the information that Joe shares in this episode will not disappoint.

Support for this podcast also comes from SunnySide Digital, the leading wholesale distributor of data center and digital mining hardware and infrastructure. Contact their sales team today at [email protected].