Nick Bowick

@SuffolkBitcoin @joetidy @DSBatten @bitcoinpolicyuk Happy to answer any questions you have, Joe.

@joetidy @DSBatten See also this briefing paper written by @DarthPeebles for @bitcoinpolicyuk for how bitcoin mining can use otherwise curtailed energy to the benefit of the grid and consumers: uk.bitcoinpolicy.net/wp-content/upl…

MARA's announcement they recycling heat from Bitcoin mining rigs to heat the homes of almost 80,000 residents (1.4% of Finland's population) is the largest application yet for heat recycling. Here's why it's significant. Finland's grid is mostly clean energy, however 25% of home heating is still fossil fuel-based. By running mining rigs on clean energy, and recycling the heat they produce for home heating, Bitcoin mining, if scaled up could obviate the need for fossil fuel based heating in homes across Finland Bitcoin has already been shown to have a decarbonizing impact on the world in peer reviewed research by 1. mitigating methane (Rudd et al, 2024), 2. replacing the need for gas peaker plants (Bruno et al, 2023), 3. allowing grids to be build with higher amounts of renewable energy (Rhodes et al) and 4. accelerating the green energy transition (Lal et al, 2023) 5. accelerating renewable energy based microgrids development (Moghimi et al, 2024) The heat recycling efforts @MARAHoldings is now pursuing at scale provides a 6th way that Bitcoin is an environmental force for good.

@MerrynSW Hi Merryn, the UK's intermittent wind oversupply will increase as we overbuild renewables. That means diminishing returns on renewables, or even greater curtailment costs Batteries will help, but we need a demand-sink. I wrote a brief on this... uk.bitcoinpolicy.net/wp-content/upl…

Do we need to rethink wind?

@LynAldenContact @MerrynSW Hi Lyn, big fan here. I work with Bitcoin Policy UK and I've recently published a little analysis paper that looks at this exact problem. The solution is probably no surprise to you... uk.bitcoinpolicy.net/wp-content/upl…

@MerrynSW Wind and solar often produce power at times when it’s not needed, resulting in curtailed/wasted power, unless there is a flexible demand source or huge batteries.

@PeterMcCormack GFY

Everywhere they goooooooo

@fistPUMPerio @LynAldenContact Yeah that was awesome. I had no idea if it was gonna land, or if I could even explain it. Really glad it worked out.

If one wants to successfully analyze the current global monetary system, start with a systems engineering framework rather than an economics framework. Economic topics need to inform the systems engineering framework, but ultimately it is about modeling a human-designed system.

@un_censorable @PeterMcCormack @LynAldenContact He will!

@PeterMcCormack @DarthPeebles he will be! this interview for me was way better then some from @LynAldenContact (sorry Lyn) and many other incredible geniuses in this space! @PeterMcCormack will he be at the conference tomorrow?

With Lyn, Saylor and Mallers, a show will always do over +100k listens...but @DarthPeebles deserves some love with his first ever podcast interview, discussing systems design and #bitcoin. Check the comments, don't miss it, Nick is going to be big!!! youtube.com/watch?v=-sSviL…

@FurstAde @WhatBitcoinDid Ya know, it wasn’t really a single spreadsheet, I did a whole bunch of them over the years. Idea was always modelling min/avg/max of my situation vs the cost of living. There’s a whole bunch scattered across various work and personal laptops. I’d encourage everyone to try it!

@DarthPeebles Thank you for your discussion with @WhatBitcoinDid . Do you think you could publish your graph of "this is all a scam" money chart? It would be marvellous to share 🙏

@CryptoDoc20 @PeterMcCormack Caol Isla 2008. Not for the faint hearted!

I enjoyed this conversation between @DarthPeebles and @PeterMcCormack . What was the name of that whiskey 🥃? If you said it in Scottish, my American ears couldn’t understand it! 🤣

@WhatBitcoinDid Had an absolute blast with you guys, thanks so much for having me on. Enjoy the rest of the whisky, it’ll put hair on your chest!