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Podcast: On The Brink with Castle Island
Episode: Blake King on How Grids can Accommodate Bitcoin Mining
Description: Blake King, power markets engineer at Galaxy, formerly of Oak Ridge national lab and ERCOT, joins us to talk about how changing grids are accommodating an influx of load from Bitcoin miners. In this episode:Â Why the grid is undergoing a radical transformation today Blake's background in electrical engineering, power system modeling, and renewable development The origin of Blake's papers on bitcoin mining and the grid Bitcoiner misconceptions about mining? Why Bitcoin is not a battery Why you can't just arbitrarily add load to the grid Why Bitcoin mining does not generally increase energy prices during scarcity or p...