Hashrate Happy Hour Podcast
Hashrate Happy Hour Podcast
Ep. 22 How to Partner with Your Utility Company

Today's show is one of those shows that you will most likely re-wind and relisten to more than once. I had the pleasure of talking with Michael Carter of Bits Be Trippin. For those that don’t know Michael, he is on of the O.G.s of bitcoin mining and the pioneer of YouTube content about bitcoin and crypto mining. Michael started Bits Be Trippin in 2012 as a way to help educate the general community on the different techniques and strategies behind bitcoin and cryptocurrency mining. He now is developing large scale deployments and consulting on institutional grad facility builds. Michael also comes to the conversation with more than 25 years of broad business experience in corporate America and government which have helped him establish the best practices for building out facilities and project management.

During today’s show, we start by talking about how Michael was so early to the mining scene that he was doing SETI & FOLDING when mining hit the scene, and I will be honest I still am not really sure what that is! We dive into how the dog days of bitcoin mining most people weren’t even concerned about the power mix because the technology hadn’t gotten to a place where it was necessary to yet and what the transition to ASICs was like for the space; we discuss how Michael and his team are working with a local Co-op power company to establish a bitcoin mining facility at a substation; we talk through how long it takes to establish a new rate with a power company and how to approach the conversation with the power company; we do a deep dive into what is needed to get a facility started and how to map out the project management so that things run smoothly; and we wrap up with Michaels advice to young entrepreneurs looking to build a mining facility. Honestly guys and gals, just get a notebook ready to take notes because this really is a look behind the curtain of how to begin a relationship with a power company and how to build a facility.

Today’s podcast is brought to you by our sponsor, the Texas Blockchain Council; a bitcoin-first nonprofit industry organization working to make Texas the jurisdiction of choice for bitcoin mining and blockchain innovation. They will be hosting North America’s premiere policy conference for the bitcoin and digital asset ecosystem on November 15-17 in Fort Worth Texas. For more information, please visit their website at texasblockchaincouncil.org

Support for today's show comes from SunnySide Digital, the leading wholesale distributor of data center and digital mining hardware and infrastructure.. Contact their sales team today at sales@sunnysideinc.ca.

bitcoin, cryptocurrency, mining, energy consumption, renewable energy, sustainability, power grid, blockchain, technology, innovation, business, finance, investment, climate change, environment, energy efficiency, electricity production, utility companies, power companies, energy industry

Leave a Reply

Your email address will not be published. Required fields are marked *