“As an aside, generally speaking, the businesses here in Thailand that are interested in Lightning are hybrid businesses. The proprietors are often from somewhere other than Thailand and married a Thai, so there is a need for this uncensorable money. Because those foreigners, in that cultural setup, become second-class citizens when push comes to shove. I don’t know if you ever picked up on that. So, naturally they are attracted to a form of money that allows them to hold their own private keys, so to speak — one that the government or anyone else cannot debase or control.”
Discussion
“One of PeerPower’s clients runs a biogas factory out there which uses the waste from tapioca plants, puts it in a plastic-lined pit and harvests the methane coming off the decomposing plants. That methane gets cleaned and piped into a generator that runs miners. In total, the plant produces 4.5 megawatts. And that’s constant for 10 months out of the year.”
“Who says it’s stealing power from the grid? False. This biogas plant wants to sell power to the grid. It’s there and ready. But, essentially, the business cannot come to an agreement with the toll collectors on the toll. So, he’s selling to the miners instead. This is another form of stranded energy. And we’re getting that energy for a 35% to 40% discount on what the grid will sell to us. We made that deal to mine with their energy in under a week.”