In this interview, I talk to Harry Sudock, the Vice President of Strategy at Griid. We discuss the energy consumption of Bitcoin mining, energy generation & the power grid and the case for renewable energy.

SHOW NOTES:
https://www.whatbitcoindid.com/podcast/the-truth-about-bitcoins-energy

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TIMESTAMPS:
00:00:00 Introduction
00:02:55 How does the energy sector work?
00:08:16 Why not just not use the energy?
00:12:33 Do you have to Overbuild?
00:15:07 Where does Loss Happen?
00:17:10 How the Grid Works
00:27:15 Bitcoin's Double Standard Critics
00:30:19 Curtailing energy
00:33:36 Do Ethics Guide Miners?
00:38:50 Nuclear Energy
00:43:51 Nuclear Risks?
00:48:24 Next Generation Nuclear
00:49:50 Solving the Coal Problem
00:53:59 Harry's Blind Spots?
00:58:44 Energy Overproduction
01:02:53 The Bitcoin Energy FUD is Stupid
01:03:30 The Bitcoin Mining Council
01:07:13 Colocation with Energy Producers
01:10:27 Bitcoin Mining is Blue Collar
01:13:42 Why is Harry bullish?
01:18:09 What about ETH & DeFi?

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****

“The whole energy argument...it doesn’t take into account the physics and engineering of how the energy is produced, and it doesn’t take into account the economic reality that we are always seeking out lower cost power.”
— Harry Sudock

Location: Miami
Date: Monday 7th June
Project: Griid Infrastructure
Role: WP of Strategy

Bitcoin mining has been subjected to a considerable amount of criticism over recent years, but the number of articles disseminating misinformation has exploded over the last few months.

Almost every mainstream media outlet has shared ill-researched hit pieces, and several hugely influential figures, from Elon Musk to Elizabeth Warren, have publicly questioned its energy usage.

While the conversation about Bitcoins energy usage is worthwhile, almost all of the criticisms come from a misunderstanding of Bitcoin and the energy sector. However, the reach of these articles is widespread and potentially damaging.

To address this FUD, I talk to Harry Sudock, the Vice President of Strategy at Griid. We discuss the energy consumption of Bitcoin mining, energy generation & the power grid and the case for renewable energy.