In this episode, Nik is joined by Bitcoin researcher Daniel Batten to unpack the latest Cambridge report on Bitcoin mining and energy. They reveal how years of misinformation—driven by central banks and amplified by the media—have distorted public perception of Bitcoin’s environmental impact. Drawing on new data, Daniel explains how miners are increasingly using off-grid and stranded energy, stabilizing power grids and accelerating renewable adoption. From landfill methane in Latin America to hydropower in Ethiopia, this conversation highlights Bitcoin’s growing role in global energy innovation.
Link to article: https://www.jbs.cam.ac.uk/wp-content/uploads/2025/04/2025-04-cambridge-digital-mining-industry-report.pdf
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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc
Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball
Researcher Demian Schatt's Twitter: https://x.com/demianschatt
Chapters:
00:00:00 Misinformation and Bitcoin Adoption
00:04:10 The Decline of Bitcoin Crime Narratives
00:08:24 Harnessing Stranded Energy with Bitcoin Mining
00:12:09 Using Bitcoin Mining for Energy Stabilization
00:16:00 Bitcoin's Environmental Impact: Over estimations and Emission Reductions
00:20:13 Impact of Ethiopia's Dam and Bitcoin Mining on Energy Distribution
00:23:52 Expanding Renewable Energy with Revenue from Grid Operators
00:27:43 Debunking Bitcoin E-Waste Myths
00:32:03 Bitcoin Mining Efficiency and Moore's Law
00:36:15 Closing Remarks
The Bitcoin Layer and its guests do not provide investment advice.