Energy Realities

Energy Realities


AI vs. Bitcoin Miners - The Fight for Energy

October 14, 2024

We are seeing lots of crazy things in the energy markets, but fights between AI, Big Tech, and Bitcoin miners are about to get dicey. Net Zero has been thrown on the side of the road and not even left with a bottle of water, and now Big Tech is taking on Bitcoin miners. - Who will strike first? You won't want to miss this episode of the Energy Realities Podcast with Tammy Nemeth, Irina Slav, David Blackmon, and Stu Turley. We are live Monday morning at 8:00 Central US from Texas, the UK, and Bulgaria.


#bitcoin #bitcoinnews #brics #energynews #netzero


Highlights of the Podcast


00:11 - Introduction

00:51 - Bitcoin Mining’s Energy Consumption

02:53 - Comparing Big Tech and Bitcoin’s Energy Use

03:38 - Big Tech’s Energy Challenges

05:40 - AI’s Growing Energy Demands

09:32 - Bitcoin’s Potential for Democratizing Finance

13:24 - Bitcoin Regulation and Central Bank Digital Currencies

14:21 - Future of Bitcoin and Energy Consumption

17:10 - BRICS vs. Swift and Global Currency Wars

20:21 - AI's Impact on Natural Gas and Energy Consumption

27:07 - Revival of Coal Plants for AI Power Needs

30:52 - Future of Energy and Tech

34:57 - Washington Post: Big Tech Loves Coal

35:35 - Ronald Stein: It’s Too Soon to Abandon Fossil Fuels

36:41 - Google turns to nuclear to power its data centers

37:05 - Bylaw could allow industrial Power producers to sell back into grid

42:08 - European carmakers plans dozens of cheaper models to survive ‘EV winter’

44:13 - The complexity of capital allocation for oil and gas companies 

46:55 - EPA Power Plant rules require carbon capture, a costly technology not expected until 2055

47:35 - Poll: Voters strongly favor ‘all of the above’ energy approach over rapid green transition