Bitcoin Course | Big Picture Basics 1.4 - Stranded Renewables - Not All Electricity Is The Same

“Not All Electricity is the Same”. So the solution is to build more renewables? At first glance, the answer to this question deserves an unequivocal ‘yes’. But deeper examination reveals nuances. Envision expansive regions rich with persistent sun, strong winds, or abundant water flow. These places are ideal for harnessing renewable energy, but often they are remote and removed from populous areas.

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Video Transcript:

[Music] is stranded energy stranded energy is essentially a site that can produce power typically Renewables but because they’re in the middle of nowhere where it’s really wet really windy or really sunny they have no ability to sell power to people because nobody lives there and so we need grid infrastructure those huge transmission lines to transfer the power and obviously money goes in the opposite direction and so that economic cycle of being able to sell your power as a renewable energy producer is the exact Lifeline that you need to run your business and imagine that imagine starting a business and opening opening your doors is is how you make money but you couldn’t open your doors for 3 years you wouldn’t run your business and that’s the the issue the gridlock issue of of running a renewable energy site is that you need to have grid connection otherwise you’re stranded and so the problem arises there that we need a buyer of energy to come in that can fill that gap between when the site is producing power but doesn’t have a good connection you need someone that uses a lot of power power a flexible amount of power and wants to consume it directly on site those are the exact properties of a Bitcoin minor and so in a world where people have contested that Bitcoin is wasting power what if the power was already wasted and the mining comes in to monetize it which helps that renewable site Finance their operation of building more Renewables which is exactly what everyone wants [Music] oh

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