PG Entropy 🔋 @PgEntropy

2 years since mainstream media have quoted de Vries on Bitcoin In Mar 2024, a peer reviewed paper by Sai & Vranken discredited the entirety of de Vries' work. His Bitcoin "studies" haven't been used by the media since ...not before 1000s of articles quoting him were circulated

Failure to mine bitcoin wastes huge amounts of energy. Indian's state of Rajasthan is now facing 48% solar curtailment in peak hours. That’s almost half of all the solar energy it produces wasted by not mining bitcoin.

What a timeline. An SEC commissioner quoting A Cypherpunk’s Manifesto.

One of the smartest minds on the planet

Why should a merchant accept Bitcoin? Let’s break it down 🧵👇

This is what we’re doing, in rural Africa: Bitcoin mining means 100% capacity uptake *from day one* of a new energy site, which completely changes the financing dynamics! bitcoinmagazine.com/bitcoin-mining…

Bitcoin is a time machine for value.

#Bitcoin proves honesty is the best policy.

$300 million in dollars are printed per day. Only 450 Bitcoin are mined per day. Over time the amount of dollars will continue to increase while the Bitcoin issued per day will decrease. Dollars are infinite, Bitcoin is finite, Choose wisely.

Would large scale Bitcoin mining deployment have prevented the power outages in Spain/Portugal? Short answer: "Yes" Before the outage hit, Spain was running its grid with very little of what's called "dispatchable spinning generation" (also known as inertia). The image below is a snapshot from 12.30pm local time, 5 minutes before the outage occurred. "Dispatchable spinning generation" means power plants, like gas or nuclear, that can quickly adjust their output to keep the grid stable. The name "spinning" refers to the turbines that traditional generation plants such as coal, gas, nuclear that use spinning turbines help with this. Traditional plants provide this with their spinning turbines, but renewables don't, making the grid more fragile if you don't have a way to very rapidly load-balance in the case of an outage. This likely contributed to the outage that hit Spain, Portugal, and parts of France, as the grid couldn't handle sudden disruptions well. We don't need to speculate what would have happened had they had wide-scale Bitcoin mining operations: Texas provides a blueprint of what would have happened: Bitcoin minings would have been instantly notified of the major outage, and within under a second would have adjusted their demand, stablizing the frequency of the grid by preventing a major demand-supply imbalance. Texas for context has the highest solar&wind penetration of any grid in US. On one recent day power from solar and wind was 76% of total Texas grid demand (canarymedia.com/articles/clean…), but Texas' (ERCOT) grid also has 3 GW of controllable load in the form of Bitcoin mining that it uses heavily in the case of outages or sudden unanticipated peak demand. What happened in Spain and Portugal is not an inherent risk of renewables, its what happens when the renewable energy transition is done in a partial way, without due considerable to load balancing. Batteries are part of the solution too. Bitcoin mining and Batteries have different unique advantages. Bitcoin mining has the advantage of being modular, and low cost to deploy. Bitcoin mining also keeps the cost of power low for retail users by reducing the expensive curtailment fees that grid operators would otherwise have had to pay solar and wind operators. We have the solutions right under our noses, let's start using them.

The true KPIs of successful businesses:

@sazmining 100% with renewables! #RNGY

21 Truths of Bitcoin 1. Bitcoin is an Ideology. 2. Bitcoin is a Protocol. 3. Bitcoin is an Asset. 4. Bitcoin is a Network. 5. Bitcoin is Immaculate. 6. Bitcoin is Ethical. 7. Bitcoin is a Commodity. 8. Bitcoin is a Digital Commodity. 9. Bitcoin is Digital Scarcity. 10. Bitcoin is Digital Gold. 11. Bitcoin is Digital Money. 12. Bitcoin is Perfect Money. 13. Bitcoin is Legitimate. 14. Bitcoin is Corporate. 15. Bitcoin is Global. 16. Bitcoin is Immortal. 17. Bitcoin is Digital Energy. 18. Bitcoin is a Digital Energy Network. 19. Bitcoin is a Digital Economic System. 20. Bitcoin is a Digital Defense System. 21. Bitcoin is an Emerging Star System.

BREAKING: The #Bitcoin Network just broke ONE SEXTILLION HASHES (1k EH/s) for the first time in history!! 1,000,000,000,000,000,000,000 (one thousand million million million) And you are f*cking bearish 🤡🤡

Bitcoin mining just got harder. Shipping to the US 🇺🇸 faces stricter checks—and total tax is up to 45%! What’s happening & how to save 👇

Before October 2024:
 🟢 Bureaucracy was low—customs were smooth and fast. 🟢 Import tax from China was 25% of the declared value. 🟢 Orders under $800 had zero import tax. Then things changed—still under Biden.
 🔴 Miners started getting held at customs. 🔴 One theory—Bitmain’s ties to 🇨🇳 government contracts (AI and facial recognition) & Taiwan (TSMC chip production) could be making the US more careful. And since Bitmain dominates the market, all mining shipments got hit. 🔴 The $800 tax exemption was canceled—adding even more workload to busy customs. 🔴 Customs scrutiny increased 10x—they now check if declared values truly match the real price for all packages. This delays all shipments as customs processes everything more carefully. And now, even bigger changes. Trump first announced an additional 10% tariff in February, bringing the total to 35%. This week, he added another 10% tariff on Chinese imports. 🟠 As of March 4, total import tax jumped to 45%. 🟠 Nobody knows yet if customs will require even more paperwork and cause further delays. I’ll report back once I see how shipments are moving. How to save money?
 ✅ Bitmain’s overseas factories in Malaysia, Indonesia, and Thailand ship miners with just ~3% import tax. ✅ Not all models are available everywhere—stock varies by region. ✅ Ask me, and I’ll help you find the best units based on availability and import costs. How I can help:
 🟢 Since 2017, we’ve handled tax & shipping for tens of thousands of units. 🟢 Bureaucracy is a mess—we’ll make it easy for you. Bitcoin mining is hard—but getting your machines doesn’t have to be. If you need help, just reach out.

Satoshi?

Arjun Khemani @arjunkhemani

a year ago

Peter Thiel (2009): “The fate of our world may depend on the effort of a single person who builds or propagates the machinery of freedom that makes the world safe for capitalism.”

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@BTCMedellinConf This is why PGE wants to preserve it! ⚡️🧡

Colombia’s greenery is something out of a dream! 🌿✨ From lush mountains to endless jungles, nature thrives in every direction. A true paradise filled with life, color, and fresh air. 🌎 #BitcoinMedellin