If you follow the bitcoin mining space you would have routinely seen Riot Blockchain, Marathon Digital, Core Scientific and other other large mining farms market themselves as a gift to the grid in North America. But building such large facilities is not without its downsides.
01:20 Why mega-mines might be a folly
12:52 Logistics of decentralized hashrate
15:11 Utility companies
17:52 Unreliable power generation
26:15 Does a BTC standard fix this?
43:24 Should we change Bitcoin?
48:15 Volunteering censorship
Read more: "An Elephant in the Grid" by Steve Barbour
Hosted by Will Foxley