Thread by @thetrocro

1/n A new wat to stack sats... without spending a dime.

2/n I want to tell you about a company I advise: @anadroenergy.

They install solar systems--panels, inverters, batteries--on rooftops in California.

Here's some of their work:

@anadroenergy 3/n Solar installers in CA haven't been doing so well lately. Utilities complained that there's too much home solar coming into the grid. They lobbied to cut "net metering," and won.

@anadroenergy 4/n So the economics of home solar in CA isn't great... at least not without something that could use, and pay for, excess electricity. Something flexible and scalable, portable, on-site. Something like... bitcoin mining.

5/n @anadroenergy doesn't just install solar systems on rooftops. They install and operate bitcoin miners at each residence too.

They over-provision the rooftop with up to 3x what the homeowner typically uses and mine bitcoin with the excess.

@anadroenergy 6/n The founders--@dhruv and @chase--aren't just running a solar company. They're also bitcoiners. @dhruv was a core dev. This is @chase 👇.

@anadroenergy @dhruv @Chase 7/n What these residential mining installs look like varies. It may be a custom indoor unit or an @upstreamdatainc black box. But it's quiet and out of the way.

@anadroenergy @dhruv @Chase @upstreamdatainc 8/n By over-provisioning the solar, @anadroenergy solves a major issue: right-sizing for the future.

As homes electrify, adding EVs, heat pumps, and induction stoves, they use a lot more electricity.

@anadroenergy @dhruv @Chase @upstreamdatainc 9/n But it's expensive to size up an existing solar system. Better to build it larger in the first place!

The problem is that building too big is an excess cost up front with no use for the excess electricity before the homeowner can use it.

The economics don't work.

@anadroenergy @dhruv @Chase @upstreamdatainc 10/n By mining bitcoin on site, that waste energy is monetized: @Bquittem's pioneer species in real life.

Well and good. How does that translate to YOU stacking sats for free?

@anadroenergy @dhruv @Chase @upstreamdatainc @Bquittem 11/n If you have a qualifying home in CA, @anadroenergy will install a solar system for you, complete with backup batteries, as well as bitcoin miners, for free. You pay nothing for this.

@anadroenergy @dhruv @Chase @upstreamdatainc @Bquittem 12/n But you do pay them for the electricity you use that's generated by your own roof. They charge you the lowest utility electrical rate.

You also receive 80% of the bitcoin mined by the machines at your home with your own power. They take the other 20% of the bitcoin.

@anadroenergy @dhruv @Chase @upstreamdatainc @Bquittem 13/n So that's the deal. Lend us your roof space and a space for a box of miners, and you can stack sats for free.

(If you're in California.)

@anadroenergy @dhruv @Chase @upstreamdatainc @Bquittem 14/n I love the idea that you can decentralize hashrate and energy at the same time... without selling your stack.

For those of you who've followed me and @resistancemoney from the beginning, this is a great case of mining your values. coindesk.com/markets/2021/0…

@anadroenergy @dhruv @Chase @upstreamdatainc @Bquittem @resistancemoney 15/n I can vouch for the professionalism and integrity of the founders. Dhruv and Chase are both experienced founders.

They're not energy people dabbling in bitcoin.
They're bitcoiners who saw possibilities for energy.

@anadroenergy @dhruv @Chase @upstreamdatainc @Bquittem @resistancemoney 16/n @anadroenergy is small, but fast-growing. It's not just an idea. They're executing on it.

Already, they've completed installs in 36 homes and have a waiting list.

@anadroenergy @dhruv @Chase @upstreamdatainc @Bquittem @resistancemoney 17/n Hope you enjoyed the 🧵and can forgive my typos.

Sovereignty in energy and money is what I want.

This is a step towards both.

anadro.com

My attempts to tag @Chase_Beach actually tagged the bank! Sorry, Chase!