Podcasts Other On The Brink with Castle Island Blake King (Galaxy Digital) on Mining, Transmission, and Curtailment (EP.362)

Blake King (Galaxy Digital) on Mining, Transmission, and Curtailment (EP.362)

Published: Oct. 17, 2022, 2:43 p.m.

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For another episode of the mining miniseries, Nic sits down with Blake King, power markets engineer at Galaxy Digital, for his second OTB appearance. In this episode:\\xa0

  • Blake reacts to the White House OSTP report on crypto mining
  • Does mining actually reduce the incentive for utilities to build additional transmission?
  • How transmission building decisions get made
  • How are ERCOT planners taking the price of Bitcoin into account?
  • The merits of proactive transmission construction
  • Why the existence of strong property rights makes transmission much harder to build
  • Can Bitcoin be understood as the electrification of gold?
  • Is there really 17-25 GW worth of Bitcoin miners in the process of connecting to the Texas grid?
  • How should we think about interconnection and load queues
  • Why would ERCOT exaggerate the planned scale of Bitcoin mining in Texas?
  • Do miners using renewables \\u201cnot count\\u201d because they displace other consumers of renewable energy?
  • Why Blake expects the $/MWh revenue for Bitcoin to continue to trend down over time
  • Are Bitcoin miners forcing grids into grid scarcity events?
  • Economic curtailment versus formal demand response
  • Are Bitcoiners overestimating the importance of demand response for miners?

Content mentioned in this episode:

Intro and outro: Daniel Allan\\u2019s Collage #344

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