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TFTC: A Bitcoin Podcast
Bitcoin Offtake Unlocks Oil Production | Chris Alfano, Center of Hash E003
Marty Bent • Technology
Marty Bent • Technology

Value for Value ⚡️

Creating A Tangible Opportunity To Mine Bitcoin

Episode Summary

Chris Alfano, co-founder and CEO of 360 Energy, discusses his firm’s strategy as a service company in oil & gas fields, how bitcoin mining is helping to unlock oil production while reducing an environmental liability and how bitcoin is allowing owners and operators with stranded natural gas to monetize an energy asset that would otherwise be wasted or under-utilized.
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Transcript

Chapters

  • Introduction
  • Chris' Summer
  • Upstream Mining
  • Football Season
  • Topic of The Day
  • Chris' Background
  • Chris' Company Before 360
  • Making Analysts More Efficient
  • Starting 360 Energy
  • Falling In Love With Bitcoin
  • Natural Gas
  • Building a Team
  • The Company's Objective
  • Two Questions
  • Bitcoin Rabbit Hole
  • Money Printing Is Not Good
  • First Experience With Bitcoin
  • How Your Strategy Has Evolved
  • Building The Model
  • Natural Gas Side
  • The Company Turning Point
  • Bitcoin Mining, Means To An End
  • Selling It As A Service
  • Zooming Out
  • Electric Power Being Used To Mine Bitcoin
  • Natural Gas Is Extremely Abundant
  • Natural Gas Is Highly Localized
  • The Market For Natural Gas
  • Two Dollar Discount
  • Some Of Those Dynamics That Cause That
  • A Tight Band To Henry Hub
  • Widely Different Revenue Generation Potential
  • Hainesville And The Permian
  • Henry Hub
  • Waha Was Negative
  • Having To Pay To Get That Gas Taken Away
  • A Really Good Distinguisher
  • Associated Gas
  • Tier One Acreage
  • Continued Growth Of Natural Gas
  • If There Was No Oil In The Permian
  • The Primary Asset
  • The Connection
  • Opportunity To Mine Bitcoin
  • Gas Well Out In West Texas
  • Has To Go Into A Pipeline
  • Stranded Gas
  • Our Opportunity Set
  • Pipeline Connected Gas Wells
  • Wharton County
  • All Those Guys Are Effectively Stranded Now
  • Map Out The Picture
  • Creating A Tangible Opportunity To Mine Bitcoin
  • Bitcoin In The Oil Field
  • Environmentally
  • Getting Harder To Flare
  • Oil and Gas Company
  • Taking A Step Back
  • Burning Gas is Better
  • The Primary Driver
  • This Great Oil Well
  • What We've Really Done Is Unlocked Their Ability
  • Finishing Long Winded Answer
  • Unlocking An Asset
  • Opportunities
  • Economic Value Prop
  • Oil And Gas Companies Don't Know About Bitcoin
  • Customers That Have Done That Model
  • Not Feeling The Pain
  • Even if You Did Have That Family Owned Gas Company
  • Natural Gas
  • Spread
  • Hash Rate Is Gonna Be Created Anywhere
  • The Gas Well
  • Traditional
  • Meter The Gas
  • Hardest Part About This Business
  • The Different Scales
  • Same Air Cooled Data Center
  • Commercial Models
  • Those Customers Prefer Best In Class Miners
  • Rental Model
  • They Dont Want To Custody Bitcoin
  • They'll Pay Fixed Flat Monthly Cost
  • High Sensitive To Hash Price
  • Marginal Profit Center
  • Can't Drill Another Well
  • Making 1350
  • Good Time To Do That
  • Volatility In Hash Price
  • Bitcoin Mine In Fort Worth
  • Natural Gas
  • $40 To Mine Bitcoin
  • Worth Deploying That Infrastructure
  • Macroeconomic Tailwind
  • Revenue Optionality
  • Revenue With Energy Transfer
  • Optionality
  • Acreage Dedication
  • Dedications
  • Acreage Dedicated
  • Bad Economic Terms
  • Acreage Dedications
  • Evaluation
  • Negotiating Power
  • The Midstream Companies
  • Build Pipe
  • Bitcoin Is Facilitated
  • Mobile
  • How Decline Is Managed
  • Production History
  • Drop Off
  • Artificial Lift
  • Proposed Something
  • Upstream Energy Problem
  • 360 Think About Bitcoin
  • Sustainable
  • Fixed 21 Million
  • What I Frame It
  • Rental
  • Change How They See The Map
  • Scam
  • Solution
  • Addressable Market
  • Question Of Scale
  • Half A Percent
  • Three Things
  • Bitcoin Or Natural Resource
  • What Gets Us Excited
  • A Few Years Out
  • Distributed
  • As Miners Incentivize
  • Changes Being Considered
  • Changes Being Proposed
  • Quantum
  • Take That Opportunity To Wrap
  • Strategically Focused
  • Halliburton
  • What We're Doing Is Massive
  • SMU

    • Clips

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