How Bitcoin Benefits Power Grids with Justin Orkney (WiM356)

Justin Orkney joins me to discuss his Bitcoin mining journey, how Bitcoin can improve the environment, different types of Bitcoin mining, and Bitcoin’s positive influence on rural revitalization. Justin Orkney is the Commercial Director at Standard Power. He is also a senior advisor for Satoshi Action Fund. Twitter: https://twitter.com/jorkney5 Website: https://standardpwr.com/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ Wasabi Wallet: https://wasabiwallet.io/ Casa (use discount code BREEDLOVE): https://keys.casa/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00 - Coming up 00:46 - Intro 02:19 - Helping Lightning Startups with In Wolf's Clothing 03:05 - Introducing Justin Orkney 03:51 - Career Pathway and Bitcoin Involvement 07:50 - Brief Description of Standard Power 09:44 - What is Demand Response? 10:50 - Bitcoin's Compatibility with Power Grid 15:35 - Bitcoin as a Digital Commodity 17:01 - No Counterparty in Bitcoin Mining 19:24 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 20:20 - Different Types of Bitcoin Mining 25:14 - Most Efficient Type of Bitcoin Mining 27:37 - Explaining Bitcoin Mining to Policymakers 30:30 - Describing Bitcoin Mining to Electric Utility Operators 33:12 - Bitcoin Mining for Rural Revitalization 37:19 - Benefits of Different Forms of Power Generation 41:03 - Buyer of Last or First Resort 44:06 - Balancing Out the Nuclear Output 46:08 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 46:59 - Hold Bitcoin in the Most Secure Custody Model with Casa 47:47 - Reducing Blackout Risk 51:00 - Bitcoin as an Ideal Customer 52:52 - Where to Find Justin on the Internet// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22