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I wrote this in one of my newsletters:
Mining is a buyer of last resort for electrons when no one else needs them, and a seller of first resort when the grid is stressed. It is the most agile load the power sector has ever seen.
Yes, there is still a lot of opportunity.
The obvious low-hanging fruit has mostly been identified: flare gas, curtailed hydro, stranded wind and solar, remote generation with no transmission, weak grids with excess off-peak power. People know where many of these pockets are.
There's still a massive educational effort that needs to happen with energy and utility companies. They hear Bitcoin and come to all the wrong conclusions.
But we've had good success in places like Brazil where there's a ton of excess wind and solar built with limited distribution.
they hear Bitcoin and come to all the wrong conclusions.
This is definitely my experience. So many people are really unwilling to think of bitcoin as anything but a scam.
Stranded energy and Bitcoin mining seem like a match made in heaven. Do you think there is a lot of new opportunity here, or have people identified most of the low hanging fruit?