THE MINING POD: Bitcoin Mining In Australia
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 11 March 2025
⏱️ 53 minutes
🧾️ Download transcript
Summary
Could Australia’s volatile energy markets be the next ‘Texas’ for Bitcoin mining?
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Welcome back to The Mining Pod! Today, Daniel Leslie, CTO of Coin Safe Limited, joins us to discuss Bitcoin mining in Australia. Despite Australia's massive size, its mining footprint remains tiny at around 100MW total capacity. Daniel explains how Australia's renewable-heavy grid (35-39%) creates price volatility and operational challenges similar to Texas. He shares insights on how miners could become crucial grid-balancing assets by consuming excess renewable energy and acting as "buyers of last resort." With abundant resources and a secure business environment, Australia could follow Texas's path to becoming a mining powerhouse.
Notes:
• Australia has ~100MW of Bitcoin mining capacity
• 79% of installed renewable capacity gets curtailed
• Miners operate at grid edge due to price volatility
• Nuclear plants proposed for each Australian state
• Energy operators now open to Bitcoin mining JVs
• Grid regulates coal down when renewables produce
Timestamps:
00:00 Start
02:30 Australian Bitcoin mining market
04:47 Homegrown mining or foreign investment?
06:30 Energy mix
13:41 have renewables hindered mining growth?
19:45 Using coal as flex generation
24:41 Gov incentives for grid connection
27:29 New interest in BTC mining
34:16 Grid connection approval times
41:10 Huddles to adoption
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Transcript
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| 0:49.7 | What's up, y'all? Welcome back to the mining pod. For this week's show, we welcome |
| 0:54.0 | Daniel Leslie, |
| 0:55.0 | the chief technology officer of CoinSafe Limited and the development director at Zander |
| 0:59.5 | and Black Labs. Daniel is a Bitcoin miner in the down under in Australia and he's going to be |
| 1:05.1 | giving us a rundown of the Bitcoin mining industry in that massive country. Now, Australia is big, but its Bitcoin mining footprint is |
| 1:13.0 | still pretty tiny. Daniel breaks down why that is and what could potentially change in the future |
| 1:18.8 | and why there's a lot of promise in Australia, given that its grid is pretty similar to Ercot. |
| 1:25.8 | So with all of that as background, let's hop right into it. |
| 1:28.6 | Hope you all enjoy the show. |
| 1:29.8 | Are you retail or institutional investor interested in Bitcoin mining companies? |
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