Daz B

Coming soon….Citadel Power Systems Off-grid ✅ Self-sovereign ✅ Solar + Batteries + Grid Forming Inverters ✅✅✅ Backup diesel generator ✅ Integrated bitcoin miners ✅ Hands up if you want one for your citadel?

Guess what I witnessed on the weekend? I witnessed a Bitcoin transaction get broadcast in one hop, over 16km via LORA @TheMeshtastic from a remote location to a connected Bitcoin node 16km away. One transmitter….one receiver….16km!!!! 🤯🤯🤯 “What if they shut down the internet?” 🥴🥴🥴 Our beautifully autistic nerds will simply route round that shit that’s what!!! Where do you witness these things? At the @bitcoinbushbash…. That’s where. nostr:npub10jnx6stxk9h4fgtgdqv3hgwx8p4fwe3y73357wykmxm8gz3c3j3sjlvcrd

It was such an honour to be involved in your 150th episode. Real proof of work. @BTC_honeybadger It was also great fun to get back to basics in this one and explore what is money, how to buy bitcoin and how to store it. Listeners can tap into a free consultation on custody solutions with me. Just slide into the DMs and say the Honeybadger sent you. nostr:note1j3ltd39ahj6j57euph5ef5c4hryy00kr9x3at9j8v2ssfkpcmg0s3fwnqk

Watching cowboys game (NRL) and a pretty based Bitcoin ad comes on from @krakenfx Nice

Taxes on unrealised gains is a very dangerous precedent. It would be worth your while letting your local MPs and senators know your views on this proposal https://www.afr.com/policy/tax-and-super/savers-with-3m-plus-super-could-pay-double-tax-on-earnings-experts-20240421-p5flf8

2 from 2 favourite chats this year. First it was @bramk and now this chat with Tony from Basecamp For Men podcast. This was a really natural conversation about bitcoin, wage-earners, finance and the general state of the world. https://t.co/aJXfXV87IG https://t.co/C6hkuSdHVe

I’ve got to say, this was one of the most enjoyable podcasts and conversations I’ve had. I loved the convo and the opportunity to come on for a chat @bramk https://lookingglasseducation.com/bitcoin-for-millennials-podcast-i-changed-my-life-through-bitcoin-daz-bea/

Wifey just posted this video to me. I’m like Morpheus: “At last, she’s beginning to believe” https://m.primal.net/HvSj.mov

New to primal… Gamechanger

Unknown truth: The electrification of everything in terms of energy grids will use far more aluminium than copper. Few

The truth is, a future toward 100% renewables penetration can never be achieved in an economically responsible way without flexible demand-side loads. If we look at wind energy as an isolated solution, ignoring the various nuances, simply using this as a test case…depending on the installed location we can expect an average capacity factor of approximately 30%. Capacity factor being a measure of the installed capacity that can be utilised on an average basis. If we want to achieve a safe, reliable and stable grid, it stands to reason that with a capacity factor of only 30% we would need a grid that is 3x our maximum demand. Sounds reasonable. However when we stop to think about what maximum peak demand represents, it represents our maximum billable revenue. Therefore, with this simply example we can start to identify a problem. If we can only generate revenue from 1/3 of our maximum capacity, where do we find the capital to backstop the other 2/3 of capacity required without a hope of generating revenue from that installed capacity. The simple solution is two-fold: 1. Directly through energy consumer bills and purchase agreements; or 2. Indirectly through the taxpayer via government funded programs and subsidies. Unless…. We can introduce flexible demand-side loads to introduce new revenue sources that can soak up a large % of the remaining 2/3s of the installed capacity, generate revenues for the operators but most importantly, can be switched off in a matter of seconds to supply critical demand-side response when the energy is needed. Bitcoin Miners play this role unlike any demand-side load we have ever known. Bitcoin mining will be a major tool that will be used to help capitalise energy projects while minimising the cost to consumers and taxpayers. It is only a matter of time before we see this coming to the fore with energy projects the world over. Bitcoin mining is THE game-changer for energy grids and energy operators.

Sometimes it is easy for people to mistakenly frame bitcoin mining as the panacea to fix all the problems of the future of energy grid. Nobody is suggesting it will be the ultimate solution, but it will certainly be a key player in the future energy/demand mix. Bitcoin mining will play a part alongside a host of other solutions such as hydro, pumped hydro, battery storage and hydrogen production to name just a few. What is apparent, however, is that Bitcoin mining can help reinforce the economics behind all of these projects. Flexible Demand-Side loads ARE the panacea for future energy grids, Bitcoin mining is not the ONLY demand-side flexible load. It is simply the BEST demand-side flexible load.

Put simply, Bitcoin Miners are the ideal customer for energy grids. 1. Grids are built for maximum peak demand. However, maximum peak demand occurs within a fraction of any given day and a fraction of any given season. Maximum demand also represents your maximum billable revenue source. The opportunity lies between the maximum profitable operating zone and the efficient operating region of the generators, above the normal demand threshold. 2. Increases in renewables are impacting grid stability. Solar penetration is causing what is known as the Duck-Curve Effect (see attached). Too much solar generation, where there is not enough load, causes instability in the heartbeat (frequency) of the grid. Rotating machines create the frequency, but they need sufficient load to operate effectively. Too much solar puts pressure on this system. Bitcoin Mining is one of the only completely flexible load centers that can soak up this excess generation and entirely switch off as required with little effect on the broader bitcoin network. 3. Bitcoin Miners can help stabilize wholesale energy markets. Quite often, we experience excess renewables capacity that exceeds our billable demand. The effects on the wholesale market often see the bid-price for energy swing negative, meaning generators are actually being charged to produce energy. The inverse is also true when demand exceeds generation capacity. Bitcoin Mining, as a flexible and controllable demand-side operator, can very quickly ramp-up load to provide a revenue source for excess capacity and ramp-down to provide this excess and controllable demand back to the grid in peak demand periods. This smooths out volatility in generation bid-price and aids operators in better forecasting demand and generation. 4. Monetization of capital projects. Energy projects are extremely capital-intensive, often relying on government-funded programs, partnerships, rebates, and subsidies to get them off the ground. Often, it is the connection of the energy source to the transmission network that incurs significant costs. Bitcoin Mining operators are partnering with these projects all throughout the world to provide them with a direct monetization stream for their energy. Never before have we been able to bring profitable energy consumers directly to the energy source, and at the scale with which Bitcoin Miners are able to deliver it. Bitcoin Miners are assisting these projects to build out in stages, bringing a revenue source early within the project lifecycle. When the services of the miners are no longer needed, when there is sufficient competition for the energy they are using, or when the economics no longer make sense, they pick up their containers and move on to the next energy source. Understanding Bitcoin Mining will be crucial for grid operators and generators into the future. Reach out if you would like to know more.

“Close your eyes a little” nostr:note17kewt5nmaqv2qac37mfjw9js754l5usnanfvtua20hmsy556tn6qkf878w