I went to a convention in Melbourne recently and at the exhibition centre, the convention happening next door to the one I was at was an energy convention. While waiting at the coffee cart I got to speaking with a bloke who runs a large solar company. I asked him whether his company had looked into bitcoin miners to regulate load etc and he had absolutely no idea about anything related to bitcoin. By the end of the conversation he was very interested as he could see the value to his company. We are earrrrly. These power guys are gonna drive this forward. Especially with the green energy push. It’s all about the incentives.
An iris is a perennial plant, a flower. It's also the colored part of the eye that surrounds the pupil. It regulates the amount of light that enters the eye. Iris translates to rainbow. The name also means strength, brightness, and hope. The flower blooms in springtime around Easter and for that reason is sometimes associated with the Passion of Christ and the resurrection. New life. It appears the iris can represent a great many things. I really enjoyed this interview. It goes without saying that combining Iris and Energy into the name of this business is a statement in itself. "Iris Energy" seems like the perfect name for a forward looking AI compute/data service provider that headlines as an energy load balancing Bitcoin miner. Well played Dan. Keep bringing in more light, theres so much more yet for us to see. I will be bringing some of my excess energy to the venture. Thank you
That was a great interview, although it seems you missed the opportunity to ask if Bitcoin is going to be used as payment for autonomously operating AI systems. Feels like the current trajectory of combining BTC mining with AI data centers makes this an obvious next step.
Such an insightful conversation. With any emerging innovation or technology, the ones who benefit the most are those who build and manage the infrastructure. Bitcoin mining and Generative AI is no different. Daniel is positioning Iris Energy for exponential returns.
Let’s keep up the education. It’s so important we all play our part in advocating for Bitcoin. I’m a BTC maxi although do also hold Filecoin which I don’t in any way see as an alt to BTC, but rather a utility token which holds real promise with a project that is making money and scaling fast. Bitcoin for decentralised money. Filecoin for decentralised data storage.
Every Greggs in the UK has a "hot to go" shelf, which pumps out enormous heat, straight out the open door of the shop, simply for the convenience of customers. This alone uses more energy than bitcoin mining in the UK. I can give countless more examples.
Another common misconception here. If there is a 51% attack, the remaining 49% will create 0 blocks due to nefarious majority orphaning the 49% blocks perpetually. The next block DOES NOT necessarily need to be created from the tip of the chain. The 51% simply needs to broadcast a longer chain, and can ignore whatever blocks the 49% creates because 51>49 and therefore (given enough time) they WILL broadcast the longest chain. The “5%” of unregulated miners would be left unable to complete any permanent transactions.
As your esteem guest explains or breaks down the composition of the utility of bitcoin, one realizes bitcoin along with a algorithm to regulate demand of a inefficient grid. Everyone assumes grids are maxed out with efficiency, but there not. These utility companies will not find anything that captures or works with the grid that has its capability to reach maximum efficiency. If you take the market price of speculation in bitcoin and look at it as a tool to sharpen and maximize power distribution, it's a no brainer.
I have a hard time with his accent. He sounds like those people on that autistic dating show. I thought he was going to breakout and go on a tangent about dinosaurs.
I went to a convention in Melbourne recently and at the exhibition centre, the convention happening next door to the one I was at was an energy convention. While waiting at the coffee cart I got to speaking with a bloke who runs a large solar company. I asked him whether his company had looked into bitcoin miners to regulate load etc and he had absolutely no idea about anything related to bitcoin. By the end of the conversation he was very interested as he could see the value to his company. We are earrrrly. These power guys are gonna drive this forward. Especially with the green energy push. It’s all about the incentives.
An iris is a perennial plant, a flower. It's also the colored part of the eye that surrounds the pupil. It regulates the amount of light that enters the eye. Iris translates to rainbow. The name also means strength, brightness, and hope. The flower blooms in springtime around Easter and for that reason is sometimes associated with the Passion of Christ and the resurrection. New life. It appears the iris can represent a great many things.
I really enjoyed this interview. It goes without saying that combining Iris and Energy into the name of this business is a statement in itself. "Iris Energy" seems like the perfect name for a forward looking AI compute/data service provider that headlines as an energy load balancing Bitcoin miner. Well played Dan. Keep bringing in more light, theres so much more yet for us to see. I will be bringing some of my excess energy to the venture. Thank you
Thanks Peter, Danny and Daniel. 🍻
Great topic and guest! Thank you both🙂👍
Thank you Peter. You're the best 🎉
Daniel has better than 20/20 insights on mining and markets! ⚡️✌️
This was great
Cracking show!
Nice Anchorwatch hat!
Daniel plugging wreck-it-ralph! John C Reilly kicked ass in that one... I knew u were cool when I saw your name was Dan 😊
That was a great interview, although it seems you missed the opportunity to ask if Bitcoin is going to be used as payment for autonomously operating AI systems. Feels like the current trajectory of combining BTC mining with AI data centers makes this an obvious next step.
Such an insightful conversation. With any emerging innovation or technology, the ones who benefit the most are those who build and manage the infrastructure. Bitcoin mining and Generative AI is no different. Daniel is positioning Iris Energy for exponential returns.
Let’s keep up the education. It’s so important we all play our part in advocating for Bitcoin.
I’m a BTC maxi although do also hold Filecoin which I don’t in any way see as an alt to BTC, but rather a utility token which holds real promise with a project that is making money and scaling fast.
Bitcoin for decentralised money. Filecoin for decentralised data storage.
50:11 How will the shortage of KWH in the next cycle of BTC affect the potential availability of mined BTC at the projected peak?
Consider coming to Thailand? Somehow we're over producing electricity by 20-30%. Bitcoin as an energy storage is such a good idea.
Every Greggs in the UK has a "hot to go" shelf, which pumps out enormous heat, straight out the open door of the shop, simply for the convenience of customers. This alone uses more energy than bitcoin mining in the UK. I can give countless more examples.
I love my UA-cam cat vids!
Question I would put to Dan would be,
Q: What is the comparison $•kWh revenue from AI compute, in comparison to $•sats•kWh
Another common misconception here.
If there is a 51% attack, the remaining 49% will create 0 blocks due to nefarious majority orphaning the 49% blocks perpetually. The next block DOES NOT necessarily need to be created from the tip of the chain.
The 51% simply needs to broadcast a longer chain, and can ignore whatever blocks the 49% creates because 51>49 and therefore (given enough time) they WILL broadcast the longest chain.
The “5%” of unregulated miners would be left unable to complete any permanent transactions.
As your esteem guest explains or breaks down the composition of the utility of bitcoin, one realizes bitcoin along with a algorithm to regulate demand of a inefficient grid. Everyone assumes grids are maxed out with efficiency, but there not. These utility companies will not find anything that captures or works with the grid that has its capability to reach maximum efficiency. If you take the market price of speculation in bitcoin and look at it as a tool to sharpen and maximize power distribution, it's a no brainer.
Great guest Peter, and as it seems a great sponsorship.
IREN going to take over as the next big BTC play? I might load if it breaks $9 it looks like it can go right to $15 sir
BITCOIN GAMING. XBOX AND PS5. IMO. PEACE.
I have a hard time with his accent. He sounds like those people on that autistic dating show. I thought he was going to breakout and go on a tangent about dinosaurs.