4.8 • 689 Ratings
🗓️ 18 June 2024
⏱️ 37 minutes
🧾️ Download transcript
What does it take to mine Bitcoin in Texas? We found out in this episode with Ryan Nuckolls from DIG.
Follow along on your favorite podcast player of choice by clicking here.
Ryan Nuckolls, a 10th-generation Texan and Bitcoin veteran, discusses the intersection of energy and Bitcoin mining in Texas. He shares insights on optimizing mining infrastructure, the benefits of Bitcoin for the Texas grid, and the industry's future. Nuckolls believes Texas is poised for significant growth in Bitcoin mining.
Chapters:
03:12 Ryan's background
04:38 Infrastructure as a service
08:24 Generation vs demand
11:03 When Bitcoin came to ERCOT
13:47 Example deal
16:26 Due diligence beforehand
17:13 Capital intensive ops
19:25 Demand on ERCOT
21:43 Trading energy on ERCOT
25:35 What is energy trading?
30:06 The future of ERCOT & Bitcoin
Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!
👉 Check out Bitcoin Season 2 and The Gwart Show.
👉 Watch our newest documentary, The Big Empty!
Follow our host on Twitter, @wsfoxley.
-
Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!
"The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Click on a timestamp to play from that location
0:00.0 | Okay, so you want to mine Bitcoin, but you don't know where to start. That's who our guest is today. |
0:04.8 | He's Ryan Knuckles. He's a pumpjack power slash crypto power and then dig a new company that |
0:09.7 | sort of focuses on all these different aspects about how to mine Bitcoin, how to get off the ground, |
0:14.9 | whether you're on a greenfield site or you're sort of like working on an older site, repairing, |
0:20.2 | retrofitting it for Bitcoin mining. |
0:22.3 | There's tons of questions that I get all the time from listeners and for people just in the |
0:26.8 | industry in general, like how to go about building a Bitcoin mining site. |
0:31.0 | And Ryan is one of the best people to talk about for that. |
0:33.7 | So we brought on Ryan Knuckles. |
0:35.4 | Thank you to Ryan for joining the show. |
0:39.1 | As the other shows we've had during this month, these were filmed down at Consensus 24, along with Coin Desk. So these were |
0:43.6 | filmed live there. Before we get into the program, we want to thank Foreman Mining and Clean |
0:49.3 | Spark for being the sponsors for the Mining Pod. Thank you to both of them, and you'll hear |
0:53.1 | advertisements for both of them |
0:54.9 | during the program. Okay, on to the show. Hey, listeners, let's talk about revolutionizing your |
1:00.4 | mining operation with Foreman. This isn't your average management tool. It's an all-in-one solution |
1:05.2 | for reducing costs and significantly boosting your revenue. Foreman brings a cutting-edge |
1:09.2 | dashboard to your fingertips, empowering you with automated energy strategies. |
1:12.6 | This means not only curtailing around real-time prices, but also strategically enhancing your profit margins through demand response. |
1:18.6 | It's about leveraging energy efficiency to its fullest potential. |
1:21.6 | With Foreman, you get a system that scales with your business, inventory management for assets, infrastructure integration, |
1:28.2 | and business intelligence. Foreman elevates the cash flow and production of your entire operation. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.