menu
search

Podcasts: Mining Bitcoin with Nuclear Energy with Ryan MacLeod 🔗 8 days ago

What Bitcoin Did

“Bitcoin mining can be plugged into the existing nuclear fleet as it and shore up the economics right now, because a lot of the reactors that are being shut down are because they’re not economically competitive on a grid that has a large share of wind and solar.”
— Ryan MacLeod

Ryan MacLeod is a Bitcoiner working in the reactor research and safety programs at Canadian Nuclear Labs. In this interview, we discuss the importance and safety of nuclear energy, and how Ryan is trying to orange pill the nuclear industry by showing how Bitcoin aids the economic case.

- - - -

The growing consensus is that nuclear energy needs to play a critical part in providing society's energy needs. It is both a low-carbon energy source, energy-dense, and (dependent upon operation) reliable. And yet, nuclear only provides 10% of the world’s energy needs, down from 18% in 1996. Whilst the IAEA forecasts only a 12% contribution by 2050 in its high-case projection.

The issue to date has been the safety concerns regarding nuclear energy. High-profile accidents have clouded the public’s perception of the nuclear industry and influenced anti-nuclear policies in numerous countries. The build-out of new nuclear capacity dropped significantly after Chernobyl, an accident that some feared had come close to making half of Europe uninhabitable.

The reality is that Chernobyl was an accident unlike any other, which indicated the malaise of a waning superpower, rather than an industry that was inherently dangerous. Since then, reactor technology and the treatment of waste have continued to improve. We are now on the cusp of countries being able to roll out Small Modular Reactors that are cheaper, safer and more scalable than existing designs. It has the potential to revolutionize nuclear power just when we need it.

And yet, the economics of nuclear energy are still challenging. High capital costs mean that nuclear facilities need to have a high capacity to make the investment worthwhile. Cheaper energy from solar and wind are adding to the complexity of the issue. There are other uses for nuclear energy that can be monetised, but these have their own specific infrastructure and operational requirements.

This is where Bitcoin mining could provide a bridge. It eliminates the concept of surplus baseload generation, bolstering the economic bottom line of both old and new reactors. And it can do this from day one. So, could Bitcoin mining be the catalyst for a renaissance of the nuclear industry? If so, it will be young professionals such as Ryan MacLeod who are helping to lead the change.

- - - -

This episode’s sponsors:
Gemini - Buy Bitcoin instantly
Ledn - Financial services for Bitcoin hodlers
Bitcasino - The Future of Gaming is here
Pacific Bitcoin - Bitcoin‑only event, Nov 10 & 11, 2022
Ledger- State of the art Bitcoin hardware wallet
Wasabi Wallet - Privacy by default
Texas Blockchain Summit - Nov 17-18, 2022 | Austin, Texas
BCB Group - Global digital financial Services


-----

WBD557 - Show Notes

-----

If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

Become a Patronand get access to shows early or help contribute

Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
QR Codes: Bitcoin
If you do send a tip then please email me so that I can say thank you

Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer| TuneIn | RSS Feed

Leave a review on iTunes

Share the show and episodes with your friends and family

Subscribe to the newsletter on my website

Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium|YouTube

If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

More from this author

26th September 2022 12:50

23rd September 2022 02:37

16th September 2022 01:09

14th September 2022 12:42

12th September 2022 11:43

10th September 2022 12:44

8th September 2022 12:04

Feel free to send a tip using tippin.me

Or alternatively you can send a few sats directly:

btc logo BTC ln logo BTC (Lightning)

btc tip qr

33ELQ1ye29gB6YVQY6zRLFVCNYkJez9jMh

lightning tip qr

lnurl1dp68gurn8ghj7cm0d9hxxmmjdejhytnfduhkcmn4wfkz7urp0yhn2vryv5ukvdm995ckydph956rvv3h94sk2dny95mkgv34xdsnvvrpv4jxz6whyrn