On The Brink with Castle Island

Ray Cline, Lancium CTO, and Shaun Connell, EVP Power at Lancium, join the show. We cover the changing Texas grid, several models for renewable based mining, and how miners can serve as a controllable load. In this episode: Personal backgrounds and crossing the threshold from energy to Bitcoin Origins of Lancium Features of Texas grid Why Texas is so suitable for renewables How Texas is the ‘Saudi Arabia’ of renewable generation Why renewables grew so fast in Texas Two reasons why prices reach negative prices Three models for mining Grid connected with new gen miners Renewable colocation with new gen miners Off grid renewable colocation with old gen miners How different ASIC vintages affect the power price you can tolerate for the units and what interruptibility they can deal with ERCOT’s surplus renewable power How the Texas grid is splitting in half How Bitcoin is a ‘premium customer’ for energy assets Why miners depreciate their miners over 4-5 years, and not 1-2 years as Digiconomist claims Are energ