THE MINING POD: Pacific Northwest Bitcoin Mining w/ Beau Turner

Oregon and Washington should be havens for bitcoin miners, but red tape and a lack of curtailment programs are holding the states back.

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Welcome back to The Mining Pod! Today, Beau Turner, the CEO and co-founder of Abundant Mines, joins us to talk about Pacific Northwest Bitcoin mining. Oregon and Washington have some of America's lowest power rates thanks to abundant hydropower, but there's less mining in the region than you might think. Beau explains the barriers keeping hashrate from the PNW, 9.9MW capacity limits, Oregon’s burgeoning curtailment programs, AI competition for power, and how early miners "poisoned the well" in 2018.

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**Notes:**

• Oregon industrial power: 6-8¢/kWh

• Pacific NW has 200-500MW mining capacity

• BPA limits sites to 9.9MW blocks

• 100% bonus depreciation now available

• Texas has several gigawatts vs PNW

Timestamps

00;00;00;00 Start

00;03;28;00 Starting Abundant Mines

00;08;59;09 Pacific Northwest Mining

00;11;24;24 Why not more PNW mining?

00;16;34;12 Industry prospects

00;19;50;29 Smaller is better in PNW

00;22;27;28 Hydro generation

00;24;20;29 Cleanspark

00;24;49;26 Oregon curtailment

00;28;30;23 Power purchase agreements

00;32;09;29 Bitcoin is for Everyone

00;34;05;21 Changes since the halving

00;36;44;25 Depreciating equipment

00;41;57;05 ASIC prices

00;46;20;21 Peak US hashrate?

00;51;30;23 Wrap up

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