Return to flip book view

HIGH PAYINGJOBS0102030405BITCOIN MININGAND THE BENEFITSIT HAS TO OFFER By: Dennis Porter CEO & Co-Founderof Satoshi Action FundWhat types of jobs doesBitcoin mining provide?How can local and ruralareas benefit?How does Bitcoin miningplay a positive role instabilizing the grid?How does Bitcoin Miningreduce emissions and helpthe environment?LOCALINVESTMENTGRID STABILITYENVIRONMENTAL CLEANUPENHANCE GREENAND RENEWABLEENERGY PROJECTSHow Does Bitcoin mining helpwith growth of renewables andgreen enerrgy?

BITCOINMININGBASICS OFBITCOINMININGWhat is the purpose of Bitcoin mining andhow does it work?

WHAT IS MINING AND HOW DOES IT WORK?Mining facilities are essentially data centers similar toAmazon or Google except instead of keeping track of ourcat videos, miners compete in a global game to mint newBitcoin & earn fees for processing transactions Once there is a winner the game starts overIn order to win they have to find the answer to a verydifficult math problem. A math problem so difficult tosolve that they are better off guessing the answerIn order for a miner to improve their chances of winningminers will try to guess the answer as quickly as possiblewith specialized hardware built specifically for miningThis process of guessing also doubles as a securitysystem for the Bitcoin networkMining is a data center business paid by the Bitcoinnetwork in Bitcoin to process transactions and securethe Bitcoin network by guessing the answer to a verydifficult math problem as quickly as possible.IN SHORT:SOURCE: WHITE HOUSE REPORT

BITCOINMININGHIGH PAYINGJOBSWhat types of jobs does Bitcoin miningprovide?

Technicians Hardware RepairElectriciansOperational ManagementEngineersSupport JOBS CREATED:WHERE DO JOBS COME FROM?Each mine createsbetween 5 - 200jobs

ARE JOBS BEING CREATED?

BITCOINMININGLOCALINVESTMENTHow can local and rural areas benefit?

BITCOINMININGGRIDSTABILITYHow does Bitcoin mining play a positive rolein stabilizing the grid?

020103How does Bitcoin mining helpwith the buildout of newgeneration?REVENUE FOR NEWGENERATIONHow can Bitcoin mining beplaced anywhere and whydoes that matter?LOCATION AGNOSTIC,INFRASTRUCTURE 0405How Can Bitcoin Mining Play A RoleHow Can Bitcoin Mining Play A RoleIn Generation & Grid Stabilization?In Generation & Grid Stabilization? What is demand response and howdoes Bitcoin mining help?DEMAND RESPONSEWhat is frequency response and howdoes Bitcoin mining help?FREQUENCY RESPONSE How does Bitcoin mininghelp with microgrids?MONETIZE EXCESSGENERATIONALL OF THIS ISALL OF THIS ISVERY GOOD FORVERY GOOD FORRENEWABLESRENEWABLES

BITCOINMININGDEMANDRESPONSEWhat is demand response and how doesBitcoin mining help?

SOURCE: HODL RANCHThe Grid Without Flexible Load

HOW DOES DEMAND RESPONSE HELPPEAK CAPACITYSOURCE: ISO NEDemand response allowscustomers to participate in gridmanagement by interrupting orreducing consumption duringpeak demand.The best customers for thisdemand response programs - Heavy industry- Manufacturing- Data Centers

WHO ELSE PERFORMS DEMAND RESPONSE?

SOURCE: HODL RANCHThe Grid With Flexible Load

BITCOINMININGFREQEUNCYRESPONSEWhat is frequency response and how doesBitcoin mining help?

WHAT IS FREQUENCY?The grid must be kept closeto 60 hertz at all times inorder to remain balanced.IF NOTGrid operators will beforced to perform rollingbrownouts & blackouts orface a system wide outage.

WHAT IS FREQUENCY RESPONSE?Responses to frequency need tobe extremely fast. Our relianceon fast frequency responseincreases as we increaserenewables penetration.Renewables do not have inertiawhich makes them poorcontributors to the grid.If it goes to high or too low thegrid operators must respondor the grid could collapse.

TYPES OF RESPONSE? TYPES OF RESPONSE

If you can place theresposibility onto a largeflexible customer to respondyou will spend less oninfrastructure purposed toprotect outages andmonetize all excess powergeneration.Bitcoin Mining isTHE Most FlexibleLoad Resource BITCOIN MINING IS THE PERFECT CUSTOMERBITCOIN MINING CAN BOOT UP ANDDOWN IN FRACTIONS OF A SECOND

WHAT DOES A RESPONSE LOOK LIKE?

BITCOINMININGREVENUE FORNEW GENERATIONHow does Bitcoin mining help with thebuildout of new generation?

CAN BITCOIN MINING FUND NEW GENERATION?BITCOIN MINERS ARETHE FIRST CUSTOMERTO DEPENDABLY BUYANY NEW POWERSIMILAR TO A HOSPITAL. Hospitalscan't curtailMINERS CAN ALSO BE THE FIRSTCUSTOMER TO WIND DOWN TOPROTECT THE GRID ANDRATEPAYERS The Difference?

BITCOINMININGLOCATIONAGNOSTICINFRASTRUCTURE How can Bitcoin mining be placed anywhereand why does that matter?

CAN BE ANYWHEREIT IS NEEDEDLOCATION AGNOSTICTHIS HELPS BITCOINMINING SOLVE UNIQUEENGINEERINGPROBLEMS

Bitcoin mining can be scaled atsmall increments to achieve anyparticular size. The baseline units are ~3.5 kW. A mining installation can havedozens or 10's of thousands of units.SCALABLE

Fix TheProblemsCreated ByRenewablesTHIS HELPS BITCOIN SOLVEEV ChargingStationsDistributionOptimizationPower PlantOptimization

BITCOINMININGMONETIZEEXCESSGENERATIONHow does Bitcoin mining help withmicrogrids?

MORE SOLAR MEANS MORE WASTETHIS ISCALLEDTHEDUCKCURVE

CAISO'S GROWING CURTAILMENTAS WIND ANDSOLAR GROW THEPROBLEM GETSWORSE By 2030 California willcurtail more energythan the bottom 50 countries consume

BITCOIN CAN SOLVE THIS PROBLEMFIRST TOWIND UPANDFIRST TOWINDDOWNCredit: Level 39

GREAT FOR MICROGRIDSFUNDING MICROGRIDS - DIFFICULTTO ACQUIRE DUE TO THE NEED FORGRID INTERCONNECT WHICH IS ASLOW AND DIFFICULT PROCESS.LACK OF TENANT POWERCUSTOMERS ALSO AN ISSUEACQUIRING GRIDINTERCONNECTS - NECESSARY TOREGULATE EXCESS, BUT SLOW ANDDIFFICULT TO ACQUIRE ASUTILITIES STRUGGLE TO MANAGEEXCESS GENERATION FROMMICROGRIDS. ALSO LACK OF ECONOMIC INCENTIVES.BITCOINMININGFUNDING BTC MICROGRIDS - MINING SERVES AS A BUYER OF FIRSTAND LAST RESORT. THIS MEANS THEREIS LESS NEED GRID INTERCONNECTIONAS MINERS SERVE AS LOAD BALANCEAND RELIABLE OFF-TAKER OF POWERBITCOIN MICROGRIDSINTERCONNECT - NO NEED FOR THEOFF-TAKE AS MINING BUYS UP ALL THEEXCESS GENERATION. IFINTERCONNECTS OCCURS BTCMICROGRIDS CAN PERFORM ANCILLARYSERVICES. BITCOIN MICROGRIDS ARESELF-SUFFICIENT MICROGRIDSCURRENT PROBLEMS WITHMICROGRIDS IN THE USAHOW BITCOIN MININGSOLVES THESE PROBLEMS

BITCOINMININGENVIRONMENTAL CLEANUPHow does Bitcoin Mining reduce emissionsand help the environment?

Bitcoin mining helpswith the economics ofand implementation ofrenewablesRenewablesBitcoin mining canreduce emissions fromlanfdfillsLandfillsBitcoin mining canhelp cleanuporphaned wells whichemit methane into theatmosphereOrphaned WellsBitcoin mining canimprove greenhouseeconomics andcleanup agricultureoperationsAgriculture

Bitcoin mining helpswith the econimics ofand implementation ofrenewablesRenewablesBitcoin mining canreduce emissions fromlanfdfillsLandfillsBitcoin mining canhelp cleanuporphaned wells whichemit methane into theatmosphereOrphaned WellsBitcoin mining canimprove greenhouseeconomics andcleanup agricultureoperationsAgricultureMethane MitigationDemandResponseFrequencyResponseMonetizeExcessWaste HeatImproved EconomicsImproved EconomicsGreenhouse heatNegativeNegativeWITH BITCOIN MINING

BITCOINMININGCONCLUSIONFinal overview of all the potential of BitcoinMining for New Hampshire

HIGH PAYINGJOBS0102030405What types of jobs doesBitcoin mining provide?How can local and ruralareas benefit?How does Bitcoin miningplay a positive role instabilizing the grid?How does Bitcoin Miningreduce emissions and helpthe environment?LOCALINVESTMENTGRID STABILITYENVIRONMENTAL CLEANUPENHANCE GREENAND RENEWABLEENERGY PROJECTSHow Does Bitcoin mining helpwith growth of renewables andgreen enerrgy?Bitcoinmining cansolve many ofthe energyproblems weface todaywhile creatingjobs andeconomicvalue