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Daniel Batten 2y ago

People who don't know grids or Bitcoin say:

"Bitcoin is waste by design"

Renewable operators say:

"Bitcoin prevents waste by design"

Here's how: ever heard of a Load Bank?

It's probably the only piece of hardware in the world that was designed to waste electricity.

Why?

Sometimes, renewable generators get asked to curtail energy suddenly.

Powering down can create a lot of wear and tear however, so many renewable operators prefer to send some of that power to a load bank, which does nothing other than chew up surplus electricity.

A 500kW Loadbank will set you back $28,490 and is a far more challenging e-waste conundrum than any Bitcoin miner.

https://genelite.com.au/cart/?add-to-cart=4289…

When renewable operators replace their loadbanks with even some old Bitcoin miners, they not only help secure a sound-money network, they earn Bitcoin.

Bitcoin Mining is the cure for waste-by-design, by obsoleting the need for Load Banks, and helping renewable operators become more profitable, so they can expand their operations.

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Discussion

Alejandro 2y ago

Great as always. So good to see you posting here Daniel 🤙🏻

The Daniel ⚡️ 2y ago

And so affordable, too!

Daniel Batten 2y ago

Complete the set. There’s one for every family member.

HumbleSatsMan 2y ago

Who would want a load bank???

Daniel Batten 2y ago

Load Bank be like Silicon Valley Bank

You put something in. You get nothing back.

Matt 2y ago

The charge controller I'm looking to get for my solar/wind turbine set up includes a small dump load - am I right in assuming the electricity essentially just gets burned up and turned to heat energy?

Daniel Batten 2y ago

Yep. Like an industrial hairdryer

Matt 2y ago

Awesome, ty - basically the plan is to let it do its thing and try to keep some of the chill off in the boat this winter...may work, may not, but I'm gonna try

Capt Stab 2y ago

Bitcoin mining was built for this purpose….. gives serious life to the less efficient older generation ASICs.

Potentially MORE value on less efficient machines as you need less of them to create the load. S9 getting bid up as load banks…. ? Not a crazy idea.

Daniel Batten 2y ago

S9s would be the perfect candidate for a bitcoin mining load bank.

Capt Stab 2y ago

What’s the clearing price of bulk S9 units…. $50, $25, $10?

Seems an opportunity to create an S9 load bank and give it away, with commercials around sharing the Bitcoin mined. So much opportunity.

Capt Stab 2y ago

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Daniel Batten 2y ago

It’ll cost more than loadbanks. But u like load banks it’ll earn bitcoin.

1.3kW per S9. 13 Th/s. So work out how many bitcoin that would mind for 500kW of S9s to get a sense for the time to get ROI based on different network hashrate and bitcoin price.

Capt Stab 2y ago

Yeah cheers - good start. Visited my first methane flare at the local land fill today. Getting 15,000 ACCU per year for burning into the air.

Tried to meet the Ops Manager but he was on holiday. You’ve inspired me to do the leg work. Based on what I can find looks like $700k Capex and $600 per day rev in btc off this spot.

Just need to find out the annual spend on maintaining/running the flare before I pitch my idea to take it to $0. Try do a JV with the landfill company or long term agreement to take the energy on site. Not going to die wondering…. 😂😎🦖🔥