00:01:38.820Now, I heard a claim that a coal plant, coal-fired, coal-energy-producing plant, is actually going to produce less carbon if it operates continuously than if it just gets fired up and taken down based on load and demand.
00:02:11.440Yeah, I'm seeing somebody say it's true.
00:02:13.260I don't feel like that's true, but I'm going to treat it like it's true for the point of today.
00:02:19.260But my economics BS detector says, I get the point.
00:02:26.800I understand the point that there's a startup cost, per se, and a shutdown cost, per se, and that they're so great that it's not worth it.
00:02:36.820Maybe, maybe, but I'm going to say that all of my instincts doubt that's true.
00:02:45.600Not 100%, but a serious skepticism about that.
00:02:51.060However, people believe it's true, apparently, and so the opportunity to use the Bitcoin mining to keep all of our power plants operating at whatever is their optimal rate seems like a good combo.
00:03:04.600So you get the Bitcoin money for free, basically, because you've got a power plant that wasn't doing much in that time.
00:03:18.000Yeah, apparently you can still, at least one Bitcoin miner says that the cost of mining one Bitcoin is about $3,000, whereas the Bitcoin itself might be worth somewhere in the neighborhood of $40,000.
00:03:32.780So the margins are pretty good if you've got yourself a big old power plant you can use.
00:03:39.100Well, by the way, I should warn you that none of the news is super interesting today.