Who wants to help end Bitcoin ESG-FUD, take the network emission negative and remove the final obstacle for institutional adoption ... while helping save the planet?
We're financing companies doing vented-methane based mining from Q4
Room for 1 more fund manager
Details:
A fund manager with
* Decade+ fund management experience
* Project-based infrastructure financing experience
* Knowledge of energy sector & Bitcoin mining economic knowledge a bonus, but not essential
CH4Capital fund size: Fund 1: 50M. Goal = 350M through follow-on funds
Standard LP/GP structure
Expected LP return: 17-21%
Life of each fund: 5 years
Mission:
1. While providing an attractive steady yield to our wholesale investors during challenging economic times, also maximize emissions mitigated per dollar. We do this through decarbonization at scale within the landfill gas sector.
2. Wherever it is the best economic decision (which will be almost all cases) use bitcoin miners as the offtakers for electricity generated by landfill gas combustion.
This serves our secondary purpose which is to help take the entire Bitcoin network carbon negative (220 MW will do it - and a $350M fund can do this).
How: Provide project infrastructure finance for Datacenter companies who form PPAs with landfill operators to offtake their power and use it to power their datacenters onsite. These will predominantly be Bitcoin mining centers because the economics work out better
DM to enquire
Who wants to help end Bitcoin ESG-FUD, take the network emission negative and remove the final obstacle for institutional adoption ... while helping save the planet?
We're financing companies doing vented-methane based mining from Q4
Room for 1 more fund manager
Details:
A fund manager with
* Decade+ fund management experience
* Project-based infrastructure financing experience
* Knowledge of energy sector & Bitcoin mining economic knowledge a bonus, but not essential
CH4Capital fund size: Fund 1: 50M. Goal = 350M through follow-on funds
Standard LP/GP structure
Expected LP return: 17-21%
Life of each fund: 5 years
Mission:
1. While providing an attractive steady yield to our wholesale investors during challenging economic times, also maximize emissions mitigated per dollar. We do this through decarbonization at scale within the landfill gas sector.
2. Wherever it is the best economic decision (which will be almost all cases) use bitcoin miners as the offtakers for electricity generated by landfill gas combustion.
This serves our secondary purpose which is to help take the entire Bitcoin network carbon negative (220 MW will do it - and a $350M fund can do this).
How: Provide project infrastructure finance for Datacenter companies who form PPAs with landfill operators to offtake their power and use it to power their datacenters onsite. These will predominantly be Bitcoin mining centers because the economics work out better
DM to enquire
Who wants to help end Bitcoin ESG-FUD, take the network emission negative and remove the final obstacle for institutional adoption ... while helping save the planet?
We're financing companies doing vented-methane based mining from Q4
Room for 1 more fund manager
Details:
A fund manager with
* Decade+ fund management experience
* Project-based infrastructure financing experience
* Knowledge of energy sector & Bitcoin mining economic knowledge a bonus, but not essential
CH4Capital fund size: Fund 1: 50M. Goal = 350M through follow-on funds
Standard LP/GP structure
Expected LP return: 17-21%
Life of each fund: 5 years
Mission:
1. While providing an attractive steady yield to our wholesale investors during challenging economic times, also maximize emissions mitigated per dollar. We do this through decarbonization at scale within the landfill gas sector.
2. Wherever it is the best economic decision (which will be almost all cases) use bitcoin miners as the offtakers for electricity generated by landfill gas combustion.
This serves our secondary purpose which is to help take the entire Bitcoin network carbon negative (220 MW will do it - and a $350M fund can do this).
How: Provide project infrastructure finance for Datacenter companies who form PPAs with landfill operators to offtake their power and use it to power their datacenters onsite. These will predominantly be Bitcoin mining centers because the economics work out better
DM to enquire
Who wants to help end Bitcoin ESG-FUD, take the network emission negative and remove the final obstacle for institutional adoption ... while helping save the planet?
We're financing companies doing vented-methane based mining from Q4
Room for 1 more fund manager
Details:
A fund manager with
* Decade+ fund management experience
* Project-based infrastructure financing experience
* Knowledge of energy sector & Bitcoin mining economic knowledge a bonus, but not essential
CH4Capital fund size: Fund 1: 50M. Goal = 350M through follow-on funds
Standard LP/GP structure
Expected LP return: 17-21%
Life of each fund: 5 years
Mission:
1. While providing an attractive steady yield to our wholesale investors during challenging economic times, also maximize emissions mitigated per dollar. We do this through decarbonization at scale within the landfill gas sector.
2. Wherever it is the best economic decision (which will be almost all cases) use bitcoin miners as the offtakers for electricity generated by landfill gas combustion.
This serves our secondary purpose which is to help take the entire Bitcoin network carbon negative (220 MW will do it - and a $350M fund can do this).
How: Provide project infrastructure finance for Datacenter companies who form PPAs with landfill operators to offtake their power and use it to power their datacenters onsite. These will predominantly be Bitcoin mining centers because the economics work out better
DM to enquire
Who wants to help end Bitcoin ESG-FUD, take the network emission negative and remove the final obstacle for institutional adoption ... while helping save the planet?
We're financing companies doing vented-methane based mining from Q4
Room for 1 more fund manager
Details:
A fund manager with
* Decade+ fund management experience
* Project-based infrastructure financing experience
* Knowledge of energy sector & Bitcoin mining economic knowledge a bonus, but not essential
CH4Capital fund size: Fund 1: 50M. Goal = 350M through follow-on funds
Standard LP/GP structure
Expected LP return: 17-21%
Life of each fund: 5 years
Mission:
1. While providing an attractive steady yield to our wholesale investors during challenging economic times, also maximize emissions mitigated per dollar. We do this through decarbonization at scale within the landfill gas sector.
2. Wherever it is the best economic decision (which will be almost all cases) use bitcoin miners as the offtakers for electricity generated by landfill gas combustion.
This serves our secondary purpose which is to help take the entire Bitcoin network carbon negative (220 MW will do it - and a $350M fund can do this).
How: Provide project infrastructure finance for Datacenter companies who form PPAs with landfill operators to offtake their power and use it to power their datacenters onsite. These will predominantly be Bitcoin mining centers because the economics work out better
DM to enquire
Who wants to help end Bitcoin ESG-FUD, take the network emission negative and remove the final obstacle for institutional adoption ... while helping save the planet?
We're financing companies doing vented-methane based mining from Q4
Room for 1 more fund manager
Details:
A fund manager with
* Decade+ fund management experience
* Project-based infrastructure financing experience
* Knowledge of energy sector & Bitcoin mining economic knowledge a bonus, but not essential
CH4Capital fund size: Fund 1: 50M. Goal = 350M through follow-on funds
Standard LP/GP structure
Expected LP return: 17-21%
Life of each fund: 5 years
Mission:
1. While providing an attractive steady yield to our wholesale investors during challenging economic times, also maximize emissions mitigated per dollar. We do this through decarbonization at scale within the landfill gas sector.
2. Wherever it is the best economic decision (which will be almost all cases) use bitcoin miners as the offtakers for electricity generated by landfill gas combustion.
This serves our secondary purpose which is to help take the entire Bitcoin network carbon negative (220 MW will do it - and a $350M fund can do this).
How: Provide project infrastructure finance for Datacenter companies who form PPAs with landfill operators to offtake their power and use it to power their datacenters onsite. These will predominantly be Bitcoin mining centers because the economics work out better
DM to enquire
Who wants to help end Bitcoin ESG-FUD, take the network emission negative and remove the final obstacle for institutional adoption ... while helping save the planet?
We're financing companies doing vented-methane based mining from Q4
Room for 1 more fund manager
Details:
A fund manager with
* Decade+ fund management experience
* Project-based infrastructure financing experience
* Knowledge of energy sector & Bitcoin mining economic knowledge a bonus, but not essential
CH4Capital fund size: Fund 1: 50M. Goal = 350M through follow-on funds
Standard LP/GP structure
Expected LP return: 17-21%
Life of each fund: 5 years
Mission:
1. While providing an attractive steady yield to our wholesale investors during challenging economic times, also maximize emissions mitigated per dollar. We do this through decarbonization at scale within the landfill gas sector.
2. Wherever it is the best economic decision (which will be almost all cases) use bitcoin miners as the offtakers for electricity generated by landfill gas combustion.
This serves our secondary purpose which is to help take the entire Bitcoin network carbon negative (220 MW will do it - and a $350M fund can do this).
How: Provide project infrastructure finance for Datacenter companies who form PPAs with landfill operators to offtake their power and use it to power their datacenters onsite. These will predominantly be Bitcoin mining centers because the economics work out better
DM to enquire
Ran some numbers.
Lower threshold (if Bhutan bought at the Q4 ‘21 peak of ASICS price/Th) = 53 MW
Likely size (assuming they got a midrange price of $56/Th and bought S19JPro equivalents): 100 MW.
That’s over 3 EH.
In other words, Bhutan now likely have just under 1% of global hashrate, running on hydro.
Go Bhutan!
https://www.forbes.com/sites/iainmartin/2023/04/30/bhutan-bitcoin-mining-crypto/?sh=dbfdf2f1f1b6
“Between 9am and 5pm, wholesale electricity prices were negative in South Australia and Victoria, 60 per cent and 55 per cent of the time respectively,"
Sounds like a good place to do Bitcoin mining!
Oh wow.
Just did a calculation. Based on JW Minings discovery that bitcoin mining increases renewable profitability by 12% - Bitcoin is ALREADY decarbonizing 28 mega tonnes of CO2e each year. Considering the network has scope2 emissions of 35 mega tonnes CO2e per year, the network is close to carbon neutral already based on ERCOT grid decarbonising alone.
Assumptions: 80% of renewable profit is reinvested into further renewable development.
You heard it on Nostr first.
Brad Jones, former CEO ERCOT just confirmed that Bitcoin mining
· Makes renewable operators more profitable
· Accelerates the renewable transition
· Does not compete with other users of electricity
· Drives electricity costs for all users DOWN
As an expert on grids who's seen Bitcoin mining on grids firsthand, he's the person most qualified to make an objective assessment
Here’s what he said:
Bitcoin mining makes renewable operators more profitable
“In the last 2 years there was 1100 hours of negative pricing. That means we are paying consumers to consume electricity.
The reason that occurs is that we have a lot of renewables in the State. When the wind is really blowing, we simply can’t use all that power.
Bitcoin allows those renewables to earn money during those times rather than having to shut off their service, or even having to pay customers to use their power.”
Bitcoin mining assists the renewable transition
“Bitcoin mining helps to sustain those markets for renewables and drives more renewables.”
Bitcoin does not compete with other users of electricity
“And then when prices go up [because many people want power at the same time], Bitcoin comes offline because its not economical.”
Bitcoin drives the cost of electricity for all consumers DOWN
“The real value of Bitcoin is its flexibility. The capability for us to use it in our ancillary services at the lowest possible cost means cost for all consumers of in the state of Texas.”
~ Brad Jones, former CEO ERCOT post-Winter Storm Uri
Brad Jones, former CEO ERCOT just confirmed that Bitcoin mining
· Makes renewable operators more profitable
· Accelerates the renewable transition
· Does not compete with other users of electricity
· Drives electricity costs for all users DOWN
As an expert on grids who's seen Bitcoin mining on grids firsthand, he's the person most qualified to make an objective assessment
Here’s what he said:
Bitcoin mining makes renewable operators more profitable
“In the last 2 years there was 1100 hours of negative pricing. That means we are paying consumers to consume electricity.
The reason that occurs is that we have a lot of renewables in the State. When the wind is really blowing, we simply can’t use all that power.
Bitcoin allows those renewables to earn money during those times rather than having to shut off their service, or even having to pay customers to use their power.”
Bitcoin mining assists the renewable transition
“Bitcoin mining helps to sustain those markets for renewables and drives more renewables.”
Bitcoin does not compete with other users of electricity
“And then when prices go up [because many people want power at the same time], Bitcoin comes offline because its not economical.”
Bitcoin drives the cost of electricity for all consumers DOWN
“The real value of Bitcoin is its flexibility. The capability for us to use it in our ancillary services at the lowest possible cost means cost for all consumers of in the state of Texas.”
~ Brad Jones, former CEO ERCOT post-Winter Storm Uri
Brad Jones, former CEO ERCOT just confirmed that Bitcoin mining
· Makes renewable operators more profitable
· Accelerates the renewable transition
· Does not compete with other users of electricity
· Drives electricity costs for all users DOWN
As an expert on grids who's seen Bitcoin mining on grids firsthand, he's the person most qualified to make an objective assessment
Here’s what he said:
Bitcoin mining makes renewable operators more profitable
“In the last 2 years there was 1100 hours of negative pricing. That means we are paying consumers to consume electricity.
The reason that occurs is that we have a lot of renewables in the State. When the wind is really blowing, we simply can’t use all that power.
Bitcoin allows those renewables to earn money during those times rather than having to shut off their service, or even having to pay customers to use their power.”
Bitcoin mining assists the renewable transition
“Bitcoin mining helps to sustain those markets for renewables and drives more renewables.”
Bitcoin does not compete with other users of electricity
“And then when prices go up [because many people want power at the same time], Bitcoin comes offline because its not economical.”
Bitcoin drives the cost of electricity for all consumers DOWN
“The real value of Bitcoin is its flexibility. The capability for us to use it in our ancillary services at the lowest possible cost means cost for all consumers of in the state of Texas.”
~ Brad Jones, former CEO ERCOT post-Winter Storm Uri
Brad Jones, former CEO ERCOT just confirmed that Bitcoin mining
· Makes renewable operators more profitable
· Accelerates the renewable transition
· Does not compete with other users of electricity
· Drives electricity costs for all users DOWN
As an expert on grids who's seen Bitcoin mining on grids firsthand, he's the person most qualified to make an objective assessment
Here’s what he said:
Bitcoin mining makes renewable operators more profitable
“In the last 2 years there was 1100 hours of negative pricing. That means we are paying consumers to consume electricity.
The reason that occurs is that we have a lot of renewables in the State. When the wind is really blowing, we simply can’t use all that power.
Bitcoin allows those renewables to earn money during those times rather than having to shut off their service, or even having to pay customers to use their power.”
Bitcoin mining assists the renewable transition
“Bitcoin mining helps to sustain those markets for renewables and drives more renewables.”
Bitcoin does not compete with other users of electricity
“And then when prices go up [because many people want power at the same time], Bitcoin comes offline because its not economical.”
Bitcoin drives the cost of electricity for all consumers DOWN
“The real value of Bitcoin is its flexibility. The capability for us to use it in our ancillary services at the lowest possible cost means cost for all consumers of in the state of Texas.”
~ Brad Jones, former CEO ERCOT post-Winter Storm Uri
Brad Jones, former CEO ERCOT just confirmed that Bitcoin mining
· Makes renewable operators more profitable
· Accelerates the renewable transition
· Does not compete with other users of electricity
· Drives electricity costs for all users DOWN
As an expert on grids who's seen Bitcoin mining on grids firsthand, he's the person most qualified to make an objective assessment
Here’s what he said:
Bitcoin mining makes renewable operators more profitable
“In the last 2 years there was 1100 hours of negative pricing. That means we are paying consumers to consume electricity.
The reason that occurs is that we have a lot of renewables in the State. When the wind is really blowing, we simply can’t use all that power.
Bitcoin allows those renewables to earn money during those times rather than having to shut off their service, or even having to pay customers to use their power.”
Bitcoin mining assists the renewable transition
“Bitcoin mining helps to sustain those markets for renewables and drives more renewables.”
Bitcoin does not compete with other users of electricity
“And then when prices go up [because many people want power at the same time], Bitcoin comes offline because its not economical.”
Bitcoin drives the cost of electricity for all consumers DOWN
“The real value of Bitcoin is its flexibility. The capability for us to use it in our ancillary services at the lowest possible cost means cost for all consumers of in the state of Texas.”
~ Brad Jones, former CEO ERCOT post-Winter Storm Uri
Brad Jones, former CEO ERCOT just confirmed that Bitcoin mining
· Makes renewable operators more profitable
· Accelerates the renewable transition
· Does not compete with other users of electricity
· Drives electricity costs for all users DOWN
As an expert on grids who's seen Bitcoin mining on grids firsthand, he's the person most qualified to make an objective assessment
Here’s what he said:
Bitcoin mining makes renewable operators more profitable
“In the last 2 years there was 1100 hours of negative pricing. That means we are paying consumers to consume electricity.
The reason that occurs is that we have a lot of renewables in the State. When the wind is really blowing, we simply can’t use all that power.
Bitcoin allows those renewables to earn money during those times rather than having to shut off their service, or even having to pay customers to use their power.”
Bitcoin mining assists the renewable transition
“Bitcoin mining helps to sustain those markets for renewables and drives more renewables.”
Bitcoin does not compete with other users of electricity
“And then when prices go up [because many people want power at the same time], Bitcoin comes offline because its not economical.”
Bitcoin drives the cost of electricity for all consumers DOWN
“The real value of Bitcoin is its flexibility. The capability for us to use it in our ancillary services at the lowest possible cost means cost for all consumers of in the state of Texas.”
~ Brad Jones, former CEO ERCOT post-Winter Storm Uri
Brad Jones, former CEO ERCOT just confirmed that Bitcoin mining
· Makes renewable operators more profitable
· Accelerates the renewable transition
· Does not compete with other users of electricity
· Drives electricity costs for all users DOWN
As an expert on grids who's seen Bitcoin mining on grids firsthand, he's the person most qualified to make an objective assessment
Here’s what he said:
Bitcoin mining makes renewable operators more profitable
“In the last 2 years there was 1100 hours of negative pricing. That means we are paying consumers to consume electricity.
The reason that occurs is that we have a lot of renewables in the State. When the wind is really blowing, we simply can’t use all that power.
Bitcoin allows those renewables to earn money during those times rather than having to shut off their service, or even having to pay customers to use their power.”
Bitcoin mining assists the renewable transition
“Bitcoin mining helps to sustain those markets for renewables and drives more renewables.”
Bitcoin does not compete with other users of electricity
“And then when prices go up [because many people want power at the same time], Bitcoin comes offline because its not economical.”
Bitcoin drives the cost of electricity for all consumers DOWN
“The real value of Bitcoin is its flexibility. The capability for us to use it in our ancillary services at the lowest possible cost means cost for all consumers of in the state of Texas.”
~ Brad Jones, former CEO ERCOT post-Winter Storm Uri
Brad Jones, former CEO ERCOT just confirmed that Bitcoin mining
· Makes renewable operators more profitable
· Accelerates the renewable transition
· Does not compete with other users of electricity
· Drives electricity costs for all users DOWN
As an expert on grids who's seen Bitcoin mining on grids firsthand, he's the person most qualified to make an objective assessment
Here’s what he said:
Bitcoin mining makes renewable operators more profitable
“In the last 2 years there was 1100 hours of negative pricing. That means we are paying consumers to consume electricity.
The reason that occurs is that we have a lot of renewables in the State. When the wind is really blowing, we simply can’t use all that power.
Bitcoin allows those renewables to earn money during those times rather than having to shut off their service, or even having to pay customers to use their power.”
Bitcoin mining assists the renewable transition
“Bitcoin mining helps to sustain those markets for renewables and drives more renewables.”
Bitcoin does not compete with other users of electricity
“And then when prices go up [because many people want power at the same time], Bitcoin comes offline because its not economical.”
Bitcoin drives the cost of electricity for all consumers DOWN
“The real value of Bitcoin is its flexibility. The capability for us to use it in our ancillary services at the lowest possible cost means cost for all consumers of in the state of Texas.”
~ Brad Jones, former CEO ERCOT post-Winter Storm Uri
S9 miners just hit $69
That means you could in theory use one as a home heater and it’ll pay itself off in just over a year.
Here’s how
As S9 is basically a 1300W resistance heater that mines bitcoin on the side.
Amount of bitcoin available to be mined this year: 328500 (6.25 every 10 mins)
S9 Hashrate: 13 Th/s
Current network hashrate: 358.6 Eh/s = 358,000,000 Th/s (168hr moving avg)
So assuming the S9 belongs to a pool if it were switched on all year it will mine around
(13x328500)/358,000,000 BTC = 0.0119 BTC =$325 (just under a dollar a day)
Assuming you use the heater 20% of the year for heating as the primary purpose (BTC mining a side benefit) then that’s $65 a year, so it’ll almost pay itself off.
A one year ROI.
Of course it will be a bit noisy 🤣🤣