How Bitcoin Mining Can Catalyze Solar Development w/ Max Webster • Contrarian Climate Ep. 1 • The Impact
We talked with Max Webster from Version One VC about how Bitcoin Mining with Solar can help accelerate the adoption of solar. His thesis is that when Bitcoin Mining is used to mine Bitcoin during times of abundant or excess solar power you can make solar more profitable. As Bitcoin’s price stabilizes and continues to grow, Bitcoin becomes a great source of value for excess solar power that would have been lost. He also discusses how Bitcoin Mining can and should be explored as a flexible load for solar.
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Timestamps:
0:00 Intro
1:40 Meet Max Webster
5:10 Max’s Intro & Relationship With Bitcoin
7:24 How Bitcoin Mining
Bitcoin mining is the process by which new bitcoins are entered into circulation.Learn more Unlocks Solar’s Potential
8:10 Bitcoin is the buyer of last resort
12:30 Relation between Bitcoin price & solar price
16:00 Why Bitcoin Mining can be variable
20:00 Bitcoin is an accelerant
Edited by: twitter.com/storyofian
The Impact is a publication providing analysis on emerging technologies and trending news in the clean-tech space — Op-Ed pieces written by operators within the industry.
