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?

32:01 Regulation

43:24 Should we change Bitcoin?  

48:15 Volunteering censorship  

Audio Version

Read more: "An Elephant in the Grid" by Steve Barbour

Hosted by Will Foxley