Engineer turned into CFO | Financial Modelling Craftsman | I write about using Excel and Python to make sense of data | Learning Addict
The First Bitcoin Mine 100% Powered By Solar Energy Is Under Construction.
It is becoming real. Construction started in April 2022 in Texas, USA. Blockstream and Block have joint forces to build a 100% off-grid renewable energy bitcoin mining facility. It consists of 3.8MW of solar panels combined with 4 Tesla Megapack battery units with the capacity to store up to 12MWh of energy. Some technical details: ● The total cost of the plant is $12 million; ● Out of the 3.8MW of solar power installed, 1MW will be used to mine bitcoins and 2.8MW will be used to charge the b...
The First Bitcoin Mine 100% Powered By Solar Energy Is Under Construction.
It is becoming real. Construction started in April 2022 in Texas, USA. Blockstream and Block have joint forces to build a 100% off-grid renewable energy bitcoin mining facility. It consists of 3.8MW of solar panels combined with 4 Tesla Megapack battery units with the capacity to store up to 12MWh of energy. Some technical details: ● The total cost of the plant is $12 million; ● Out of the 3.8MW of solar power installed, 1MW will be used to mine bitcoins and 2.8MW will be used to charge the b...
Would You Like To Mine One Bitcoin? Install 106 kW Of Solar Power.
I know, this statement might sound way too simplistic; let me elaborate and provide you with some details of my back-of-the-envelope calculation. As of March 24, 2022, the Bitcoin network hash rate is around 201 ExaHash per second (EH/s). Explained in lay terms a hash is a complex mathematical operation. 201 ExaHash is equal to 201 followed by 18 zeros, which is a pretty high number of complex mathematical operations per second. It represents the computational power provided by all bitcoin mi...
Would You Like To Mine One Bitcoin? Install 106 kW Of Solar Power.
I know, this statement might sound way too simplistic; let me elaborate and provide you with some details of my back-of-the-envelope calculation. As of March 24, 2022, the Bitcoin network hash rate is around 201 ExaHash per second (EH/s). Explained in lay terms a hash is a complex mathematical operation. 201 ExaHash is equal to 201 followed by 18 zeros, which is a pretty high number of complex mathematical operations per second. It represents the computational power provided by all bitcoin mi...
Imagine You Are Bullish On Bitcoin. What Would You Do?
Chances are, you would buy some bitcoin.Now imagine you are very bullish on bitcoin.You would scrap all your investments and put the cash together with the balances of your savings accounts. Then you would use up the money to buy more bitcoin. Let’s take it one step further.Imagine you are super bullish on bitcoin. What would you do?You would go to the bank and take out a loan. A loan as leveraged as your collateral permits. You would then use the proceeds to buy as much bitcoin as possible. ...
Imagine You Are Bullish On Bitcoin. What Would You Do?
Chances are, you would buy some bitcoin.Now imagine you are very bullish on bitcoin.You would scrap all your investments and put the cash together with the balances of your savings accounts. Then you would use up the money to buy more bitcoin. Let’s take it one step further.Imagine you are super bullish on bitcoin. What would you do?You would go to the bank and take out a loan. A loan as leveraged as your collateral permits. You would then use the proceeds to buy as much bitcoin as possible. ...
Brutal Similarities Between the Demise of the Roman Empire and the Collapse of Terra
Commodus became Emperor following Marcus Aurelius' death. The succession ushered in the beginning of the decline of the Roman Empire. A few months ago, we witnessed the collapse of Terra. Terra was a blockchain empire that went from a market capitalization of +$30bn to $0 in a few days. Below are the four similarities shared by the collapses of both empires:Monetary PolicyThe Roman Empire required massive funding to finance wars and expansion. Instead of increasing collection and/or lowe...
Brutal Similarities Between the Demise of the Roman Empire and the Collapse of Terra
Commodus became Emperor following Marcus Aurelius' death. The succession ushered in the beginning of the decline of the Roman Empire. A few months ago, we witnessed the collapse of Terra. Terra was a blockchain empire that went from a market capitalization of +$30bn to $0 in a few days. Below are the four similarities shared by the collapses of both empires:Monetary PolicyThe Roman Empire required massive funding to finance wars and expansion. Instead of increasing collection and/or lowe...
Financing Renewable Energy Projects
We all know about global warmingWe all also know about the main advantage of renewable energy projects: reduction of CO2 emissionsRequired low-carbon investment levels in green infrastructure to keep temperature increase below 1.5ºC threshold are enormous ($460B/yr until 2030, $1560B/yr thereafter)*There are additional considerations:What if your country does import oil and/or gas?Take advantage of your local resourcesFuel is free! All countries have wind and/or solar to some extentBenefits t...
Financing Renewable Energy Projects
We all know about global warmingWe all also know about the main advantage of renewable energy projects: reduction of CO2 emissionsRequired low-carbon investment levels in green infrastructure to keep temperature increase below 1.5ºC threshold are enormous ($460B/yr until 2030, $1560B/yr thereafter)*There are additional considerations:What if your country does import oil and/or gas?Take advantage of your local resourcesFuel is free! All countries have wind and/or solar to some extentBenefits t...
