The Mining Pod | Bitcoin Mining News

Welcome back to The Mining Pod! For this week’s roundup, Will, Colin, and Matt discuss the bombshell news that Swan Bitcoin is suing its former employees and contractors, alleging that the cabal stole proprietary aspects of Swan’s bitcoin mining business. Speaking of corporate sparring, the gang also covers the news that Riot and Bitfarms have settled (for now, at least) their dispute over Riot’s attempts to acquire its rival. They also discuss Bitdeer’s new SEAL02 ASIC chip, which Bitdeer claims is capable of 13.5 J/TH power efficiency, and why bitcoin mining ASICs are not securities despite some reporting to the contrary. Finally, in this week’s cry corner, they address the indefatigable, maddening myths that persist about Bitcoin’s global electricity use (no Bill Maher, Bitcoin does not use 8% of the world’s electricity, but thank you for playing!).

Enjoying the show? Check out our newsletter at miningpod.blockspace.media!

Timestamps:

CHAPTERS

00:00 Start

00:14 Swan mining lawsuit

11:01 Difficulty update

17:03 Riot vs Bitfarms

27:14 Bitdeer’s SEAL02 chip

35:25 Green Mining SEC suit not dismissed

38:59 Hut 8 GPU-as-a-Service Goes Live

42:47 Cry corner: Bill Maher is wrong

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!

And NiceHash (@NiceHashMining), the world's most powerful hashrate marketplace!

"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer, Damien Somerset.  

Learn more about your ad choices. Visit megaphone.fm/adchoices

For this week's Bitcoin Mining Stock Show, Colin sits down with Taras Kulyk, the CEO and co-founder of Synteq Digital. The fellas open the show by talking about the differences between the AI/HPC and ASIC hardware markets, why its (much) easier for traditional data center operators to access capital markets than bitcoin miners, and whether or not Core Scientific can capitalize on its AI promises. For the second half of the show, Taras dives into what has changed in the ASIC market since the April 2024 Halving, plus the great migration of older models like the S19 and M30 series to lower cost areas in the global South. Finally, Taras shares his views on Bitmain's new U3S21EXPH hydro-cooled ASIC miner and his vision for the future of data center cooling.

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Welcome back to The Mining Pod! For this week’s show, Colin interviews Rob Warren, the author of The Bitcoin Miner’s Almanac. Standing up a bitcoin mining operation is a herculean task. From managing ASICs, to standing up infrastructure, to navigating power contracts, bitcoin miners have to learn everything from IT management to hardware maintenance – and everything in between. That’s why Rob wrote The Bitcoin Miner’s Almanac, to help newcomer and veteran miners alike easily navigate the daunting, complicated minutiae of bitcoin mining. In our conversation, we touch on what inspired the book, Rob’s experience researching and writing it, and what he plans to include in the second edition. This isn’t your grandfather’s almanac…

You can purchase The Bitcoin Miner’s Almanac on Amazon or the Bitcoin Magazine store.

Enjoying the show? Check out our newsletter at miningpod.blockspace.media!

Timestamps:

00:00 Start

03:03 The Bitcoin Miner's Almanac

12:21 Forget about Bitcoin

20:14 Making sense of the energy industry

28:37 Energy monopolies

33:01 Pros & cons of energy production

40:33 Book version 2

52:26 Machine form factors

1:02:41 Interviewing miners

1:10:23 Stranded energy opportunities

1:15:49 Wrap up

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!

And NiceHash (@NiceHashMining), the world's most powerful hashrate marketplace!

"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer, Damien Somerset.  

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For this week’s news roundup, the crew dives into Hut 8’s partnership with Bitmain on the manufacturer’s new hydro-cooled ASIC model, the U3S21EXPH. Matt also gives everyone a geography lesson with his overview of Bhutan and its hoard of 13,011 BTC worth $780 million, the fourth largest BTC reserve of any nation, and Colin covers Rober F. Kennedy Jr.’s letter to the editor in the Economist in which he defends Bitcoin mining for its utility as a flexible load for renewable energy. Plus, a former President, a bitcoin mining CEO, and a pub owner walk into a bar, and everyone leaves with a burger paid in bitcoin (yes, every outlet has covered this story, but we are too). And finally in this week’s cry corner, the unfortunate story of a Norwegian town whose residents will pay more for power after a bitcoin mine ceased operations.

Enjoying the show? Check out our newsletter!

Timestamps:

00:00 Start

01:38 Difficulty update

03:36 Fractal fees

07:23 Hut 8 and Bitmain ASIC partnership

12:50 Bhutan got them bags!

19:19 RFK Economist letter to the editor

23:12 Trump's Bitcoin Burger

29:32 Cry Corner: Norwegian energy costs rise

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Pow.re Co-founder and CTO Ian Descoteaux joins us today to talk about all things ASIC miners. In the conversation, we speak at length about the Antminer S21, including his experience deploying this model, its quirks / failure rates, and its performance. We also touch on ASIC prices and manufacturer competition, including why MicroBT’s Whatsminers are more expensive than other models, and whether or not Auradine and Canaan will be competitive in the near-future.Finally, we close on his takes regarding Bitmain’s newest hydro model, the U3S21EXPH.

Enjoying the show? Check out our newsletter at miningpod.blockspace.media!

Timestamps:

00:00 Start

01:29 Update

03:11 New ASIC frustrations

04:16 ASIC price competition

06:20 Why MicroBT expensive

06:57 Canaan & Auradine

07:52 S21 deployment experience

09:46 ASIC failure rate

10:51 Repairs

12:46 Paraguay ASIC repair cost

14:44 S21 deliveries

16:07 S21 quirks?

18:39 New Bitmain units

20:02 Current ASIC market

23:05 U3S21EXPH Rack System

27:08 New equipment pushing market split

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

Follow our host on Twitter: @wsfoxley

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Will and Colin hop on for another duo pod this week for one of the most eclectic roundups yet. The numbers are in for August for the public bitcoin mining world, and these companies are slowly (but steadily) expanding their hashrate, while also collectively selling more than 1,200 BTC over the month. In a testament to bitcoin mining’s utility for utilities, Japan’s largest power company, Tokyo Electric Power Company (TEPCO), is mining bitcoin with a portion of its renewable energy assets. Finally, the lads breakdown the juicy details of sidechain Fractal Bitcoin’s first week. And in this week’s cry corne – in which Darryl Cooper (Martyr Made) gets BSV-pilled – they touch on the irony of an alternative historian storing his podcasts on a blockchain launched by a man who tried rewriting the history of Bitcoin.

Timestamps:

00:00 Start

02:05 Difficulty update

05:03 August miner updates

11:29 Tokyo mining BTC!

17:49 Fractal Bitcoin update

25:12 Cry Corner: Darryl Cooper BSV pilled

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley, @asilayhodling.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Sam Tabar, CEO of NASDAQ-listed Bit Digital, joins us today to talk about Bit Digital’s post-Halving mining strategy and (more importantly) what the company is doing to scale its AI business line. Bit Digital earned $12.5 million with its HPC services in Q2-2024, the most of any AI-focused public bitcoin miner. During the show, Tabar discusses how they executed to reach this milestone, their aspirations to book $700 million in AI revenue over the next five years, and more – including a few choice words regarding miners who plan to retrofit existing bitcoin miners for AI/HPC jobs. Note, this podcast is for educational purposes only and is not financial advice.

Enjoying the show? Check out our newsletter at miningpod.blockspace.media!

Timestamps:

00:00 Waiting room

02:02 Introduction

03:00 Biggest changes to bitcoin mining since Q1 2020

7:10 Why Bit Digital is committed to asset-light bitcoin mining

15:00 Four models for bootstrapping AI/HPC load

20:20 HPC compute pricing structures

23:00 Bit Digital sale-leaseback financing for HPC GPUs

25:20 $700m Boosteroid agreement details

29:20 Final thoughts

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Show links: https://hashrateindex.com/blog/tokenizing-hashrate-blockstream-mining-note-2-bmn2/

Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!

"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer, Damien Somerset.  

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Today we are joined by Adam Back, cryptographer and CEO of Blockstream. Well known for its sidechain software Liquid, among other projects, Blockstream is actually a large private Bitcoin miner. In today’s show, we go through Blockstream mining with Back, including its profile as a miner (energy, locations, fleet). Then we dive into the BMN2, a new financial instrument to help people mine Bitcoin without ever touching a Bitcoin miner! Note, this podcast is for educational purposes only and is not financial advice.

Enjoying the show? Check out our newsletter at miningpod.blockspace.media!

Timestamps:

00:00 Start

02:11 Blockstream's mining background

08:46 Mining Note details

16:53 Secondary markets & Mining Notes

19:49 Typical investor profile

28:39 Why not self mine?

32:07 Where does Blockstream profit?

36:39 Production costs & cycle timing

42:05 Upgrading ASICs or not?

45:29 Lessons learned, changes made

50:31 Post Interview Discussion

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Show links:  https://hashrateindex.com/blog/tokenizing-hashrate-blockstream-mining-note-2-bmn2/

Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!

"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer, Damien Somerset. 

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Rhodium is filing for Chapter 11 bankruptcy, and they’re going to need cash to get through the restructuring. So in comes Galaxy Digital, which is offering a $30m (or 500 BTC!) loan, in a move that could be a savvy attempt to acquire Rhodium assets. Turning to the ASIC market, bitcoin miner prices are down – a lot – and Bitmain could have a hand in the sluggish demand given how quickly it is releasing new versions of the S21. For a bit of lighthearted news, the guys get cosmic pontificating on interstellar bitcoin mining, while also taking a less lighthearted look at drooping crypto market sentiment. And to close the show, they roast – and we wish we were joking here – a tokenized vaping product(because who doesn’t want to get paid to contract popcorn lung?).

Timestamps:

00:00 Start

02:24 Difficulty update

05:32 Galaxy offers $30M to Rhodium

12:18 Too many ASICs!

22:04 Mining in spaceeee?!

28:10 Sentiment is bearishh :(

34:13 Cry Corner: Web3 Vaping…?

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Before 2023, most folks probably associated AI with the far-off dystopias of The Terminator, The Matrix, or other depictions in pop culture. Now, AI is permeating every corner of our culture and economy as applications like Chat-GPT have taken a place alongside Google as the habitual tools of the internet’s citizenry. At the core of all of these applications – as with every facet of the Internet – is computing power, and bitcoin miners are betting big on becoming key producers of this compute. On this episode of the Bitcoin Stock Show, Tom Masiero of Cathedra Bitcoin shares his vision for how bitcoin miners factor into the most consequential technological revolution since the Internet.  

@FarmahTom Director @CathedraBitcoin $CBIT 

CathedraBitcoin.com

Timestamps:

00:00 Livestream waiting room

11:15 Show introduction 

12:30 Tom introduction and background

14:30 Breakdown of different HPC datacenter strategies

20:50 Difference between datacenter tiers

22:25 Types of HPC services bitcoin miners provide

27:30 Are clusters of compute the same as concentrated compute?

29:40 What is a mullet miner anyway?

33:45 Differences between small and large datacenters

37:40 Breakdown of different HPC strategies from bitcoin miners

44:45 The role of bitcoin miners in the AI race

52:40 Bitcoin miners and AI/HPC are PB&J

54:50 Why is Nvidia so dominant?

1:03:56 Is the H100 the S17 of AI?

1:09:50 Three categories of bitcoin miners 

Live streamed every Wednesday, The Bitcoin Stock Show is brought to you by The Mining Pod and features interviews and analysis related to the world of public Bitcoin companies. Subscribe to receive notifications when we stream and publish shows! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our hosts on Twitter, @wsfoxley and @AsILayHodling.

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

The Mining Pod is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! This week we are joined by Brandon Bailey (a.k.a. Bitcoin Beezy), a co-founder of Second Gate advisory and a former VP of mining at Galaxy Digital, to discuss his recent research note on Bitdeer. He argues that the public miner, which is sometimes overlooked for some combination of language barriers and the team’s geographic distance from North America, is massively undervalued. He digs into Bitdeer’s bitcoin mining business and its burgeoning ASIC miner manufacturing line to make the case that the company deserves a valuation comparable to Riot, Marathon, CleanSpark, and Core Scientific. 

Timestamps:

00:00 Start

02:11 Bitdeer Research Note

03:46 Bitdeer as public company underdog

08:12 2025 Projected Growth

12:42 market segments

14:59 Total Revenue

16:10 Self mining vs hosting

18:34 New ASICs

23:46 ASIC manufacturing at scale

30:13 Advantages of vertical integration

35:08 Bitdeer can shift market segments

37:03 AI & HPC

41:11 AI training profitability

45:34 3 AI Compute approaches

50:43 Final thoughts

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our hosts on Twitter, @wsfoxley and @AsILayHdoling.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! 

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Blockspace broke news this weekend that Texas-based bitcoin miner Rhodium is going bankrupt, and we follow up in today’s show about what we do and don’t know regarding the incipient restructuring. As Rhodium starts restructuring its debt, other bitcoin miners have been expanding, with mergers and acquisitions becoming the second hottest trend this summer in the mining sector. The hottest trend, though, is AI, and we’ve got the straight skinny on how public bitcoin miners are approaching the hyped-up sector. And in this week’s Cry Corner, the gang addresses yet more quibbling about Bitcoin’s energy use (when Solomon said that there’s nothing new under the sun, he was really talking about energy FUD…).

Timestamps:

00:00 Start

01:19 Difficulty report

03:27 Rhodium files for bankruptcy

08:28 Bitfarms acquires Stronghold

09:07 GDA expansion

09:28 Cipher Mining's new site

15:04 AI & HPC industry update report

22:09 Cry Corner

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to the show! We’re sitting down with film maker and documentarian Alana Mediavilla to discuss her new film “Dirty Coin,”  which premiered on the Bitcoin Halving this year and will go to market in late 2024! In this sit-down interview at Bitcoin Nashville, we discuss film work in Bitcoin, various locations filmed and the stories behind them and how Bitcoin mining is the “hands and feet” of Bitcoin compared to the ‘Number Go Up’ strategy most people consider.

If you enjoyed the show, keep an eye out for Dirty Coin at a theater near you and follow the social accounts at @DirtyCoinDoc and @AlanaMediavilla!

Timestamps:

00:00 Start

01:35 Starting Dirty Coin

04:01 Background

12:17 Funding

14:23 Screening

14:47 Bitcoin Film festival;

15:57 Reception of the film

16:42 Made for no-coiners

18:11 CLIP: Monetizing Waste

24:21 CLIP: Seneca Lake

29:26 CLIP: History of the Electrical Grid

36:18 The goal of the movie

42:59 Final thoughts

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! On Thursday, Bitcoin transaction fees soared to their highest levels since April, but it has nothing to do with runes or inscriptions. This go around, it was all thanks to the launch of Babylon Chain, a new off-chain BTC staking platform.  We also tackle Bitfarms’ merger with Stronghold and what it could mean (or not mean) for Riot’s ongoing attempt at a hostile share takeover of Bitfarms. Finally, we close on the latest Q2 figures and operational updates from public bitcoin miners, and Colin rants about why the IMF needs to take their bitcoin miner tax proposal and shove it...someplace where it won’t see the light of day. 

Timestamps:

00:00 Start

02:33 Difficulty report

04:45 ASIC prices

12:13 Babylon staking

15:51 Bitfarms Expands with $175M Stronghold Merger

16:47 Riot vs Bitfarms Poison Pill

25:30 Public Miner Reports

32:19 IMF Idea to Tax Bitcoin Miners

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to the show! This week, we’re joined by ‘The Coin Dad,’ one of the familiar faces around Bitcoin mining conferences (and mines!) with an extensive history in the small, young sector. The Coin Dad takes us through his personal life–including an overseas deployment to the Middle East–to his time entering Bitcoin mining, including deploying tens of thousands of machines for some of the largest mining companies and fabricating entire container designs. We fininish with a conversation about the Bitcoin Mining Museum, a passion project begun multiple years ago to preserve the history of Bitcoin mining hashrate!  

Timestamps:

00:00 Start

01:31 Coin Dad's background

10:27 Starting mining

13:37 Altcoin fail

19:30 Start working in Bitcoin

33:46 Mining museum

44:06 Bitcoin shoes

47:34 Time for a brick & morter

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! How much have public miners raised since Q2? A lot – like, $2.2 billion kind of a lot. The majority of this liquidity flows from at-the-market (and other) stock offerings in Q2, while a handful of miners have also turned toward convertible notes for financing in Q3. In addition to that news, we also cover a story that Blockspace broke regarding CleanSpark’s desire to launch its own mining pool, and we finish the feel good underdog story that yes, solo miners are still out there (and they’re actually making money).  

Timestamps:

00:00 Start

01:43 Bitcoin mining market / metric update

7:50 Publicly traded Bitcoin miners raise $2.1 billion since Q2

10:00 Bitdeer $150 million convertible note

12:46 Marathon $250 million convertible note to buy BTC

14:21 Core Scientific $350 convertible note to pay down debt

17:13 When CleanSpark pool? 

23:48 Bitaxe and solo mining 33:54

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! This week we are joined by Zach Bradford, CEO of Cleanspark, to discuss Cleanspark’s exlplosive 2024 growth. From purchasing peer miner Griid to new sites in multiple states, Bradford goes through Cleanspark’s last twelve months, why the company is focused on Bitcoin and Bitcoin only, why Cleanspark is focused on building in the US (but maybe not forever!), comparative strategies like MARA’s new HODL and possibly some tech developments worth listening to the end of the show for.

Timestamps:

00:00 Start

02:15 12 month recap of operations

05:57 Why not pivot to AI?

11:19 Texas is too crowded

13:27 International power locations

15:56 Griid acquisition

19:24 Swapping Griid's old rigs?

21:28 Texas vs Georgia

24:46 Bitcoin treasury

29:18 Marathon's current strategy

31:55 Growth strategies

37:15 Launching a pool?

38:02 Bitcoin Core development

38:55 New rigs

40:06 Wen zetahash?

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! This week we’re in studio talking about Bitcoin and Bitcoin mining news! Colin Harper, our new Editor-in-Chief, walks us through important updates including mining revenue bottoming to historic lows, Iris Energy (IRENE) struggling after a failed hedging strategy this summer in Texas, a flopped narrative violation on China banning (or not banning, depending on the quality of your research) Bitcoin mining and Paraguay trying to bring more Bitcoin mining down south!

Timestamps:

00:00 Start

02:44 Difficulty report

06:13 Miner Mag: $150M into new ASIC design

09:43 Core Scientific Signs AI Contract

20:49 Iris Energy Power Usage Spike

24:43 Miners Holding BTC

30:27 Paraguay Mining

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! This week we are joined by Bitcoin Mechanic, arguably the face of Ocean Pool. Ocean launched in November 2023 with a lot of hope, excitement and promise, even getting a node from former Twitter CEO Jack Dorsey with an investment. The Ocean Pool team promised to decentralize Bitcoin mining through novel block template options for individual miners, a new payout structure called Tides and, to much criticism, the filtering of Ordinals and Inscription projects natively. 

In this interview, we go through what happened over the course of 2024 with Ocean Pool, how its attracting hashrate, revisiting the ‘spam’ problem, block template construction and the future of Bitcoin in regards to MEV and future soft forks.

Timestamps:

00:00 Start

02:08 Bitcoin Mechanic bio

05:26 Start9 & node runners

06:43 What's Ocean?

08:20 Who is Ocean different?

13:25 Block template centralization

22:27 Closed Source firmware

23:55 Ocean Biz Dev

25:03 How to attract miners?

34:56 PPLNS vs FPPS

45:03 Why would a miner switch?

49:39 How big is the market for hobbyist miners?

56:36 Corporate pools

59:31 Corporate MEV

1:03:04 Template construction

1:13:01 OPCAT & the future of BTC

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Charlie, Will and Matt jump on the mic to discuss this week’s Bitcoin and Bitcoin mining news, including the largest Bitcoin mining difficulty adjustment since January 2023 at 10.5%, Riot’s increasing pressure on Bitfarms for control over the latter company’s future, new ASIC models debuting at Bitcoin Nashville from Auradine and MicroBT, Cantor Fitzgerald rolling out a $2 billion book for Bitcoin companies and MARA’s $100 million HODL position

Timestamps:

00:00 Start

02:30 Difficulty update (NGU edition)

07:04 MinerMag: Return of the HODL

09:13 Russia Legitimizes Mining

14:57 MinerMag: Aint No Love w/ Riot & Bitfarms

18:38 Cantor Enters BTC Lending

25:17 New MicroBT rigs

26:33 New Auradine rigs

29:06 Marathon goes full HODL mode

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Hive Digital is the oldest publicly listed Bitcoin mining stocks. It’s also one of the most conservative and efficient miners on the market. So why does it want to lean into AI and HPC so aggressively? We brought on Frank Holmes and Aydin Kilic of Hive Digital to understand the Canadian Bitcoin miners play, including the team’s background, the expectation on hardware turnaround time, using a Bitcoin treasury, expanding operations in Paraguay and reducing the cost to mine Bitcoin on the corporate level.

Timestamps:

00:00 Start

02:22 Frank background

04:24 Aydin background

08:39 Operations update

09:58 Hardware ROI 1 yr

12:46 BTC treasuries

17:39 Conservative growth

20:13 Paraguay mining operations

26:08 Zambia plans

31:46 Reducing costs of international expansion

39:00 Mining vs HPC vs AI profitability

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Ever wonder what to do with your mining stock equity, Bitcoin or other assets so you don’t get hit with a huge tax burden, financial issue or other inconvenience in life? Enter Bespoke Group, a family office and advisory focused on problems Bitcoiners face. We talk with Bespoke about managing your stack in a responsible way, from startup equity to tax structures to trusts.

Timestamps:

00:00 Start

03:26 Matt's bio

04:09 Jack's bio

06:53 What is Bespoke?

14:38 Anon Bitcoiner that led to Bespoke

23:07 Convincing skeptical Bitcoiners

32:01 What's the pitch?

39:42 Stock option wealth planning

43:20 BTC income planning

56:00 Ordinals inheritance (no.. seriously)

1:00:47 What to do with gains?

1:05:33 Planning before the gains happen

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! In this week’s news roundup, we touch on Bitcoin network metrics, Bitcoin miners increasingly moving to AI, IREN’s short report and what it meant for the stock, Tether’s bid to take over Bitcoin mining (or, diversify revenue and asset holdings) and Charlie’s Ordinals report!

Timestamps:

00:00 Start

02:58 Difficulty report

06:08 Miners pivot to AI

14:07 Iris Energy Short Report

18:40 Tether & Northern Data

23:30 Ordinals report

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Today we’re joined by Matt Lousteau of Giga to discuss what you need in the field for mining Bitcoin! From immersion to containers to transformers, we go through your potential needs to mine Bitcoin. 

Timestamps:

00:00 Start

02:24 What's new w/ Matt?

04:03 10MW deployment

04:35 Plans for Giga

07:01 Giga products

09:09 Sourcing transformers

11:17 Miner transformer needs

13:04 ASIC hardware changes

16:15 Hydro & immersion

20:08 Hydro solution form factor

22:47 Dry coolers

27:06 What are miners buying?

30:22 Transformer competition

30:50 Geopolitical sourcing risks

33:21 AI growth

35:16 Wrap

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Today we are joined by Patrick Fleury, the CFO of publicly traded mining company TerraWulf to discuss public mining markets, TerraWulf itself and how mining shareholders should think about Bitcoin mining companies!

Timestamps:

00:00 Start

02:24 Patrick's background

05:08 Terawulf partnerships

09:17 Financials

16:38 Nondisclosure is bull$#!T

20:15 Shareholder dilution

27:01 Issuing equity at a terahash value

35:27 Current lab projects

40:58 Terawulf lines of business

46:48 Cloud & GPU contracts

52:44 Energy contracts as assets

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! On today’s show, we’re sitting down with Leo Zhang of Alkimiya Protocol to discuss their novel trading solution for Bitcoin blockspace. Yes, you read that right! Alkimiya enables parties like wallets, miners or professional traders to take a position on Bitcoin blockspace. Widespread usage of this trading platform could enable wallets or others to issue on-chain transactions even when fees are high, balancing out the long term volatility of Bitcoin transaction fees. For miners, it might open up doors for trading a new commodity: Blockspace. 

Timestamps:

00:00 Start

03:04 What's Alkyamya?

17:41 How can miners use?

22:54 How does it work?

24:31 Tech design of Alkyamya

26:05 Alkyamya & L2s

26:42 Building on Bitcoin

33:53 New Bitcoin proposals

39:11 Degen spillover

41:20 Final thoughts

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Will, Charlie and Matt jump back behind the mic to chomp on this week’s Bitcoin and Bitcoin mining news–and what a week it was! We cover Cleanspark’s plans to purchase Bitcoin miner Griid, Northern Data and Genesis Digital Assets (GDA)eyeing public markets for the first time and we wrap up with a short local story on ASIC theft. 

Timestamps:

00:00 Start

05:18 Cleanspark Acquisition

14:07 Northern Data IPO

20:05 GDA IPO

26:28 Bad Boys: ASIC thief

28:08 Ordinals number go down :(

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Industry expert Ian Descôteaux from Pow.Re discusses evidence of pool consolidation, risks to Bitcoin, and potential solutions for decentralization. This podcast explores the growing centralization of Bitcoin mining pools, focusing on proxy pools and their potential impact on the network.

Timestamps:

00:00 Start

02:48 Checksum's bio

03:34 Canada & South America hash rate

06:42 Mining pool centralization

09:14 Proxy pools

11:57 Proxy pool diagram

13:57 F2Pool use proxy?

15:14 F2Pool block template

16:09 Cobo yield & risk

19:31 Merkle tree evidence

25:28 UTXO accelerator

29:59 Selfish mining & 51%

33:35 Covenants

36:26 Antpool incentives

38:38 Block withholding attacks

40:17 How to fix?

43:32 Are new pools likely?

45:52 Final thoughts

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset.  Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Portland Hodl, a Bitcoin developer with Marathon Digital, discusses Slipstream, Bitcoin Core, soft forks, and the future of Bitcoin. He shares insights on mining innovations, blockchain reorganizations, and the importance of Bitcoin education. The conversation covers technical aspects and broader implications for Bitcoin's development and adoption.

Timestamps:

00:00 Start

02:54 Thought on Bitcoin

06:24 Slipstream

12:42 Consensus vs standardness

19:35 Slipstream technical challenges

26:35 Slipstream profitability

29:00 Why don't more pools MEV?

34:46 Not enough developers

41:17 The infamous/famous M block

49:12 Bitcoin has always been a data storage network

52:19 Re-org of Testnet4

59:39 Testnet3 hijinks

1:06:48 Thoughts on Bitcoin Core

1:13:15 Client diversity

1:17:58 Softforks

1:24:48 Consequences of softforks

1:34:42 Orange-pilling people

1:37:20 What Bitcoiners DON'T understand

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz. 

Learn more about your ad choices. Visit megaphone.fm/adchoices

Will and Charlie jump on the microphone to discuss Bitmain’s newest ASICs, the S21 XP and S21 XP Hydro miners! We compare against other ASICs like Canaan, Bitdeer and MicroBT while taking a larger view about how the ASIC market is going to transform over the next few years. We cover topics like AI infrastructure, commoditization of chips and how to compete in a centralized ASIC market!

Timestamps:

00:00 Start

04:11 S21 Hydro

06:53 Rackspace & rigs swapping

13:46 AntSpaces

15:56 Bitmain competitors

22:54 Rig "commoditization"

26:18 New Rig makers

42:46 Final thoughts

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Ben Weng and Payne Cong of Foundation Logic, the team behind the new ElphaPex Dogecoin/Litcoin miner, join The Mining Pod to discuss their new ASIC mining startup, competing with industry giants, and the future of script mining. Learn about hardware startups, profitability comparisons, and the potential for diversifying mining revenue.

Chapters:

00:00 Start

03:20 Ben Weng background

04:29 Payne Cong background

06:32 Litecoin+Dogecoin ASIC

09:40 Why these coins?

14:50 Is Litecoin the main revenue?

18:39 Profitability

21:10 Other revenue sources

24:40 Calculators

25:50 Hardware form factor

28:15 Repairs

33:41 Chips & production

35:56 What foundry

36:50 Chip allocations from Samsung

38:40 Bitmain competition

42:46 Final thoughts

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Ryan Nuckolls, a 10th-generation Texan and Bitcoin veteran, discusses the intersection of energy and Bitcoin mining in Texas. He shares insights on optimizing mining infrastructure, the benefits of Bitcoin for the Texas grid, and the industry's future. Nuckolls believes Texas is poised for significant growth in Bitcoin mining.

Chapters:

03:12 Ryan's background

04:38 Infrastructure as a service

08:24 Generation vs demand

11:03 When Bitcoin came to ERCOT

13:47 Example deal

16:26 Due diligence beforehand

17:13 Capital intensive ops

19:25 Demand on ERCOT

21:43 Trading energy on ERCOT

25:35 What is energy trading?

30:06 The future of ERCOT & Bitcoin

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wonder if this flare gas thing with Bitcoin mining is real? Can it actually scale to solve real world climate issues? And how would someone go about making a project like that in the first place?

Justin Ballard, General Counsel at Akon Energy & Founding Partner at Firm 21, shares insights on Bitcoin mining's legal landscape, energy deals, flare gas mining, and the industry's future. He discusses the challenges and opportunities in navigating this space, drawing parallels to the oil and gas industry.

Chapter Markers:

00:00 Start

04:37 Justin's background

08:37 Mining legal structures

15:41 Energy deal examples

18:55 Flare gas reality check

23:30 Legal gas mining deals

30:00 Learnings big/small operations

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

The hardware game is becoming more competitive, with new entrants like Jack Dorsey’s Block, Marathon Digital-backed Auradine and more. And then there’s this whole AI thing which mining CEOs and others keep talking about! 

To make it straight, we brought on ePIC Blockchain co-founder Earl Mai to discuss ePIC’s hardware product line, the difficulties of getting a hardware startup off the ground, what its like to compete against Bitmain and how mining–and AI–could converge together over the next few years!

Chapter Markers:

00:00 Start

03:07 Earl's background

04:51 ePIC's products

05:45 Earl's early mining days

09:50 Moving from alts to bitcoin

12:46 ASIC design process

15:36 Why Bitmain dominates?

20:15 Bitmian chip design

21:51 Don't fight Bitmain

24:41 Components

26:18 Shoebox form factor

27:39 How not to get scammed

29:37 Next gen ASICS

30:34 Intel update

31:20 Competition in the space

33:14 Is Bitmain slowing template propagation?

39:06 Competitive edge on open network

40:43 Where's the new competitive edge?

44:20 AI and Bitcoin Mining

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Will and Charlie dig into this week’s Bitcoin and Bitcoin mining news, including the short report leveled at Riot Platforms, CoreWeave’s declined bid to purchase Core Scientific, BitDeer buying a fabless ASIC manufacturer for $140 million in shares and lastly, Cleanspark’s involvement in the Cheyenne, Wyoming Bitcoin mining slapped with an executive order by the Biden administration.

Timestamps:

00:00 Start

02:31 Difficulty update

04:51 Mining stocks

08:04 Riot & Bitfarms

16:30 Core Scientific rejects Coreweave

22:00 Desiweminer (new AISC)

27:21 Cleanspark vs White House

Satoshi Action Fund's Poker Tournament at Mining Disrupt!

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we’re joined by Sven Hildebrandt and Frederik Vyncke of the European Bitcoin Mining Association (EBEA) to discuss the growing regulatory threat to Bitcoin mining in Europe. Sven and Frederik detail the mining landscape, how the new MiCA regulation will affect mining, the EBEA’s push to collect mining data and how other high intensity energy industries compare to Bitcoin mining in Europe.

Check out the EBEA at https://ebea.work/

Follow our guests on Twitter: @vyncke_frederik @SvenHildebrandt

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

Timestamps:

00:00 Start

03:32 Frederik Vyncke background

04:31 Sven Hildebrandt background

06:13 European Bitcoin Energy Association

11:13 Perception of mining in EU now?

17:34 MICA regulation & mining

20:12 Data required by MICA

21:28 What if no data?

22:09 Service providers on the hook not miners

23:01 This seems stupid...

24:30 Energy mix data

29:08 Complying with regulations as a miner

32:20 Where is hashrate in the EU?

35:39 South East EU mining

37:36 AI power demand

42:48 Regulatory wishlist

45:21 Public data vs proprietary data

46:04 Convincing miners to comply

49:48 Wrapping up

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

What’s happening in the Bitcoin mining market? Did the halving bring us into a new landscape? And how are miners surviving in such hostile revenue territory? We sit down with Shanon Squires, a long time Bitcoin miner and current Chief Mining Officer at Compass Mining.

Timestamps:

00:00 Start

03:02 Shannon intro

06:45 Green field vs rack ready sites

08:23 US mining vs global

10:05 Self taught

11:04 Compass mining move

12:30 Compass business update

14:58 Why has hosting survived?

17:13 The Accelerated program

18:04 How does Accelerated work?

20:18 Facility sizes

22:04 10 megawatts or bust

25:14 Cost per megawatt?

25:42 Transformers are abundant now, right? Right?

27:30 Halving bankruptcies?

28:50 S19 rig bear market

30:38 ASIC sales

32:24 Repair market

35:31 Why are manufacturers training technicians

36:56 Predictions

38:33 $400k per megawatt

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

👉 Watch our livestream on Samourai Wallet!

Follow our host on Twitter, @wsfoxley.

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

We're off at Consensus 2024 so we're airing one of our favorite shows from The Gwart Show, one of our other podcasts on the Blockspace Podcast Network. We'll be back next week with EXTRA Mining Pod shows, but enjoy this Bitcoin podcast in between!

Allen Farrington, co-founder of Axiom, joins The Gwart Show to discuss scaling Bitcoin, the role of venture capital in Bitcoin’s ecosystem, his thoughts on DeFi, NFTs, and stablecoins, and the potential for Bitcoin to supplant fiat money. He also shares his insights on the ordinals debate and the future of Bitcoin infrastructure.

Follow the show by going to one of these links!

Spotify: https://open.spotify.com/show/7CGboRclb7QaNOhLGgpuMg

Apple: https://podcasts.apple.com/us/podcast/the-gwart-show-bitcoin-tech-culture/id1725892826

YouTube: https://www.youtube.com/watch?v=55oAYu4Hc5A&t

RSS: https://feeds.megaphone.fm/thegwartshow

Website: https://blockspace.media/podcast/laser-eyes-stay-on-with-allen-farrington/

Follow our guest on Twitter: @allenf32

Follow our host: @gwartygwart

👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.

Questions or want to sponsor? [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

Chief Research Officer at Bitcoin miner Griid, Mike Hamilton is an experienced & well-known Bitcoin miner. But even more impressive might be his feat snagging of the second Runes ticker once the moment the protocol launched last April. 

Mike talks about how his experience with Bitcoin and tinkerer mentality let him beat all the other teams competing for the top Runes spots. Mike also discusses Bitcoin mining, the role miners may play going forwards, and his personal project “Mutable Trees.”

Follow along on your favorite podcast player of choice by clicking here.

Chapters:

00:00:00 Start

00:02:55 Mike intro

00:08:12 What is etching & hard coding?

00:09:59 Acquiring the Runes ticker

00:15:01 Building Runes tools

00:19:24 Airdropping

00:23:54 Miners learning Runes

00:26:38 Managing UTXOs

00:32:17 Including Runes in business model

00:34:26 Block templates

00:38:43 Miners vs Maxi

00:40:16 Fix the filters?

00:42:35 Mutable Trees

00:48:34 OP_CAT

00:52:07 Miners & soft forks

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

👉 Watch our livestream on Samourai Wallet!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! On today’s news roundup, we discuss Bitcoin mining stocks, Venezuela banning Bitcoin mining, the FIT21 bill passing the US House of Representatives, MetaMask possibly adding Bitcoin, the Rabbit AI founder’s murky Bitcoin past and more!

Enjoying the show? Subscribe to the RSS feed for the podcast here.

Timestamps:

00:00 Start

02:29 Difficulty update

05:02 FIT21 bill

12:07 Venezuela illegal mining

16:44 Metamask + Bitcoin

26:28 Rabbit AI

👉 Check out our NEW referral network!

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! On today’s show, we’re joined by Storm Rund of the Oklahoma Bitcoin Association to discuss the groundbreaking Bitcoin legislation passed in the state of Oklahoma! In this show, Storm gives an overview of Bitcoin mining in OK (nearly over 1 gigawatt in size!), the legislative process, what the law does for Bitcoiners and what future bills Storm is working on with the OKA!

Enjoying the show? Subscribe to the RSS feed for the podcast here.

Timestamps:

00:00 Start

03:28 Storm intro

06:12 Mining power usage in OK

08:16 Legislative process & bill

15:27 The OPA mission

17:59 Upcoming bills

19:28 Practical miner considerations

22:58 Why is BTC legislation uncommon?

27:29 Red Team vs Blue Team

30:34 Story:FUD flyer

33:03 What resonates w/ politicians

38:20 Become a member

👉 Check out our NEW referral network!

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt Kimmell and Will Foxley of Blockspace Media jump into this week’s Bitcoin and Bitcoin mining news including a network healthy check, mining stocks slowly bleeding out while Bitcoin ETFs continue to grow in strength, the Biden administration forcing the divestment of a Bitcoin mining farm from Chinese owners outside a nuclear power plant in Wyoming, and Bitfarms’ lawsuit with its former CEO!

Enjoying the show? Subscribe to the RSS feed for the podcast here.

Timestamps:

00:00 Start

03:34 Difficulty update

08:24 Inefficient miners exit: JP Morgan

10:18 ETF updates

14:06 Choppy for public miners

17:39 US blocks China miners

22:35 Bitfarms exec shakeup

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Taras Kulyk, CEO of Sunnyside Digital, one of the largest hardware distributors in North America, joins The Mining Pod to discuss the post-Bitcoin halving mining market, including ASIC prices, infrastructure, global shipping and M&A in the mining industry.

Chapter Markers:

00:00:00 Start

00:02:18 Taras Kulyk intro

00:04:45 ASIC market update

00:07:53 ASIC buyer hesitation

00:10:29 S21 vs T21 performance

00:12:46 Where are older ASIC migrating to?

00:14:39 Electrical infrastructure procurement

00:15:57 Supply chain

00:17:03 GPS jamming

00:18:11 West vs East coast shipping

00:19:32 Intl vs domestic shipments

00:20:34 Procurement advice for new miners

00:23:14 ASIC market maturing?

00:24:49 Institutional ASIC buyers

00:26:23 M&A for big miners

00:30:27 Servicing miners

00:31:01 Why miners aren't staffing up?

00:32:54 Big miner predictions

00:33:42 Wrap up

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week’s Mining Pod, Will and Matt dig into Bitcoin and Bitcoin mining news including: difficulty dropping 5.5%, Arkansas putting restrictions around Bitcoin mining and large Bitcoin miners pivoting into artificial intelligence (AI) infrastructure.

00:00:00 Start

00:02:07 Hashrate go down

00:06:35 Texas grid spikes

00:10:57 Canaan Avalon A15

00:17:26 Arkansas hates noise & communists

00:25:01 Miners pivot to AI infrastructure

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish 

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Chapter Markers:

00:00:00 Start

00:02:35 Open Timestamps does election fraud

00:07:19 Timestamp the internet?

00:08:19 Peter Todd Intro

00:10:45 Antpool block template use

00:16:33 Does Stratum V2 solve pool control?

00:17:18 Ocean Pool

00:18:19 Developers Incentivisation

00:20:19 Mining Testnet

00:21:30 Resetting Testnet

00:21:56 Ordinal Streisand Effect

00:24:16 OP_RETURN

00:24:58 1MB Runes incoming w/ Libra Relay?

00:28:23 MEV is dangerous

00:30:35 RBF transactions

00:31:20 MEV types

00:32:53 Libra Relay vs Core filters

00:34:50 Libra Relay is a political project

00:36:10 Suggestions for miners

00:37:36 OP_CAT

00:42:40 OP Code prediction

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week’s Mining Pod, Charlie, Matt, Will and special guest Walt Smith of Cyber Fund discuss the talks from Bitcoin developer conference Bitcoin ++ in Austin, Texas, with special focus on new soft forks for Bitcoin that could bring more programmability on-chain.

00:00 Start

01:37 What is Bitcoin ++?

05:09 Specter of MEV on Bitcoin

11:49 Defining MEV

17:23 Slipstream & Data Blobs

21:08 Protocol Ossification

23:56 OP_CAT

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week’s Mining Pod, we talk with the Galaxy Digital Bitcoin mining team about their Helios Bitcoin mine in Spur, Texas, population 900! We discuss the latest film, The Big Empty, how it was received by the community and what it means to have a Bitcoin miner join rural American towns like Spur.

Chapter Markers:

00:00:00 Start

00:02:01 Guest Intros

00:02:36 Helios Mine Scale

00:03:21 Guest Bios

00:07:59 Helios Facility Size

00:11:26 Immersion Mining Process

00:13:21 Living in Dickens County

00:20:13 Suspicion of New Companies

00:23:42 Bitcoin Adoption in Towns

00:27:15 Community Interactions

00:29:32 Money & State Separation

00:33:41 Communication Barriers

00:35:06 The Legendary Pool

00:38:50 Wrapping Up

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

Learn more about your ad choices. Visit megaphone.fm/adchoices

We go through this week’s news in Bitcoin and Bitcoin mining, including ViaBTC’s 33.3 BTC auction reward, Jack Dorsey’s Block announcing its 3 nm chip plans for a Bitcoin ASIC, and a behind the scenes look at TSMCs Arizona chip fab!

00:00:00 Start

00:07:27 Post-Halving Difficulty 

00:12:16 Via BTC's Epic Sat Sale

00:16:14 Block's 3nm Mining Chip

00:20:01 Challenges for New ASICS

00:24:28 Jack Dorsey's Support

00:27:28 TSMC's Arizona Fab Issues

00:32:26 Wrap-up

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!

👉 Watch our livestream on Samourai Wallet!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Alex Gladstein of the Human Rights Foundation and Diverter, a pseudonymous Bitcoiner known for his non-KYC Bitcoin guides, joins The Mining Pod to discuss why Bitcoin mining matters for individual liberty and how Bitcoiners can take mining to the next level.

Chapter Markers:

00:00:00 Start

00:03:13 Diverter's Bitcoin Journey

00:06:12 Alex Gladstein's Bitcoin Story

00:10:22 Why Mining Matters

00:13:07 Value of Non-KYC Mining

00:20:27 Mining & Financial Sovereignty

00:24:27 Clean Spark Ad

00:24:47 Bitcoin Mining Bifurcation

00:28:45 Vitamin Ad

00:29:26 Mining: Suits vs. Home Miners

00:37:36 Regulatory Capture of Mining

00:51:50 Bitmain Ad

00:52:37 Compromising on Privacy

00:57:53 Inevitability of Bitcoin Adoption

01:03:17 Cypherpunk Ethos & Nuance

01:04:20 What if Bitcoin Succeeds?

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out our other shows and content by going to Blockspace.media today.

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt, Will and Charlie dig into this week’s biggest news stories ahead of the Bitcoin halving, where Bitcoin’s rewards are dropped by 50% by the network! We go through Bitcoin data, Riot energizing Corsicana and Foundry playing halving block games!

Chapter Markers:

00:00:00 Start

00:02:15 Bitcoin Having Discussion

00:04:28 Sponsor: Clean Spark

00:06:06 Miner Mag Data Review

00:09:17 Miner Sell Pressure

00:11:18 Riot's 1 GW Mine

00:14:23 Sponsor: Foreman

00:15:25 Foundry's Rare Sat Auction

00:20:36 Sponsor: Bitmain

00:21:24 Testnet Reorgs & Hash Bender

00:31:39 Mining Innovations & Topics

00:33:42 Upcoming Shows & Events

00:35:36 Wrap-up

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out our other shows and content by going to Blockspace.media today.

👉 Join our Bitcoin Halving party in Denver, Colorado on April 20th! 

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Parker Merritt from Coin Metrics and Will Foxley discuss key metrics, trends, and insights in Bitcoin mining. Topics include mining pools, hash rate, transaction fees, hardware fingerprinting, energy consumption, miner efficiency, and the performance of publicly traded mining stocks.

Chapter Markers:

00:00:00 Start

00:01:45 Foreman ad

00:02:28 Sponsor message

00:02:52 Introductions

00:03:50 Bitcoin Halving update

00:05:12 Bitcoin Cash price surge

00:09:08 Bitcoin Cash mining revenue

00:11:23 Bitcoin Cash blockchain growth

00:13:41 Big blocks in Bitcoin

00:17:35 Mining pool distribution

00:20:40 Mining pool payout analysis

00:25:53 ASIC breakeven power costs

00:28:50 ASIC fingerprinting methodology

00:34:20 Bitcoin energy consumption

00:35:58 Mining & grid load balancing

00:38:50 Average network efficiency

00:41:52 CleanSpark's on-chain data

00:45:53 Miner market cap dominance

00:49:01 Miner stocks vs. Bitcoin in 2024

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out our other shows and content by going to Blockspace.media today.

👉 Join our Bitcoin Halving party in Denver, Colorado on April 20th! 

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt, Charlie and Will discuss Bitcoin and Bitcoin mining news, from Bitmain’s large US operations to Ordinals marketcap projections to mining pools playing games with new transaction types. Senator Elizabeth Warren might even drop by!

Watch a video version of the show here.

Chapter Markers:

00:00:00 Start

00:01:54 Intro & Bitcoin Halving

00:03:27 Difficulty Adjustment 

00:05:01 Bitmain & BitFuFu

00:07:08 New US ASIC Maker

00:10:07 Promising or Flop?

00:11:15 Ordinals Corner

00:15:31 Ordinals Hype Chart

00:18:33 Ordinals vs. ETH NFTs

00:20:15 Ordinals & Block Space

00:23:45 Ordinals: JPEGs for BTC?

00:26:16 Mining Fees & Ordinals

00:28:41 Bitcoin Pool Revenues

00:31:17 Pool Decentralization

00:33:20 Sen. Warren on Crypto

00:37:15 Wrapping Up

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out our other shows and content by going to Blockspace.media today.

👉 Join our Bitcoin Halving party in Denver, Colorado on April 20th! 

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Steve Barbour, owner of Bitcoin mining and oil and gas services company Upstream Data, joins the show to discuss who should get into Bitcoin mining, what problems Bitcoin mining solves and what he expects going into another Bitcoin bull market.

Watch a video version of the show here.

Chapter Markers:

00:00:00 Start

00:02:30 Introducing Steve Barbour

00:04:12 Bitcoin mining & energy

00:07:33 Upstream Data's origins

00:14:13 Upstream Data's naming

00:19:35 Canadian oil vs. Bitcoin

00:24:35 Upstream Data's services

00:32:54 Colorado oil & Bitcoin

00:36:11 Bitcoin vs oil cycles

00:41:45 Bitcoin & AI

00:45:00 Water vs. air cooling

00:49:05 Advice for new miners

00:53:59 Mining contract tips

00:57:19 When to start mining

01:01:31 Steve on Bitcoin ordinals

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

👉 Check out our other shows and content by going to Blockspace.media today.

👉 Join our Bitcoin Halving party in Denver, Colorado on April 20th! 

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the news roundup! Today we chat about potential delays to TSMCs chip production from the earthquake in Taiwan, Franklin Templeton on Ordinals and Poolin selling its 100 MW farm for a fair chunk of change.

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

Chapter Markers:

00:00:00 Start

00:01:07 Intro

00:04:21 The Big Empty Documentary

00:05:40 Taiwan Earthquake Impact

00:10:55 Bitcoin Ordinals Corner

00:15:33 Mining Pool Centralization

00:24:23 Stratum V2 Discussion

00:29:35 Poolin Sells Texas Assets

00:35:18 Sauna Miner Test: S21 vs M60

00:38:08 Outro

👉 Check out our other shows and content by going to Blockspace.media today.

👉 Join our Bitcoin Halving party in Denver, Colorado on April 20th! 

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt Williams of Luxor Tech joins the podcast to discuss hashrate futures, a new trading product that allows miners to forecast and act on the future price of hashrate. We discuss the product, similar Bitcoin futures products on the CME and how mining pool games with Ordinals could alter the equation.

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 

Timestamps:

00:00:00 Start

00:02:52 Matt Williams Intro

00:04:11 Matt's Background

00:09:50 English Major & Skiing

00:12:37 CME & Bitcoin Futures

00:19:58 Luxor Hashrate Futures

00:28:06 Luxor's Product Suite

00:32:37 CME Bitcoin Futures

00:36:14 Futures Explained

00:41:34 Changing Pool Models

00:44:30 Transaction Fee Hedging

00:48:55 Volatility & Derivatives

00:50:54 Futures & Options

Check out our other shows and content by going to https://blockspace.media/ today.

Join our halving party in Denver, Colorado on April 20th! 

https://www.meetup.com/denver-bitdevs/events/299059050/

Follow our host on Twitter, @wsfoxley.

-

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Alan Schroeder of Synota joins The Mining Pod to go through the ins-and-outs of the energy credit system and how the Lightning Network can make it more efficient through real time settlement for energy usage. 

Join our Bitcoin Halving Party! https://www.meetup.com/denver-bitdevs/

Join our newsletter: https://blockspace.media/

Questions or want to sponsor? [email protected]

Thanks to Foreman Mining for sponsoring the show. Foreman Mining, Master Your Mining.

https://foreman.mn/

Learn more about your ad choices. Visit megaphone.fm/adchoices

More transactions? More users? More fees? Zero Knowledge-based Rollups might be the holy grail of scaling solutions Bitcoiners are looking for. We sit down with Orkun Kılıç of Chainway Labs to discuss the latest in ZKRs.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Charlie, Matt and Will join the news roundup to talk this week’s Bitcoin and Bitcoin mining news, including public miners offering large ATMs, Bitcoin MEV from Ordinals and ViaBTC’s stale block problem.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin hit another all time high last week, but Bitcoin mining stocks keep lagging. We’re joined by Brandon Bailey, a Bitcoin mining analyst previously with Galaxy Digital Holdings, to break down the price performance. 

Questions or want to sponsor? ⁠[email protected]⁠

Thanks to Foreman Mining for sponsoring the show. Foreman Mining, Master Your Mining.

https://foreman.mn/

Learn more about your ad choices. Visit megaphone.fm/adchoices

Should Bitcoin miners think about AI? Is it too late to get in on the game? How should Bitcoin miner’s construct JV deals or other structures? We are joined by John Belizaire of Soluna Digital Holdings to dig into this and more.

Join our Bitcoin Halving Party! https://www.meetup.com/denver-bitdevs/

Questions or want to sponsor? [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

The Cathedra Bitcoin and Kungsleden have merged, creating a new mining entity with both self-mining and hosting operations as revenue drivers.

We are joined by Drew Armstrong (President Cathedra), Tom Masiero (Founder Kungsleden, Standard Bitcoin) and Marty Bent (Ten31, Cathedra) to discuss the merger of the two companies.

Join our Bitcoin Halving Party! https://www.meetup.com/denver-bitdevs/

Join our newsletter! https://blockspace.media/

Learn more about your ad choices. Visit megaphone.fm/adchoices

We recorded at ETHDenver on the next generation of crypto mining ASICs: Zero Knowledge (ZK) miners.

Michael Gao of Fabric Crypto and Nazar Khan of TeraWulf join the show to discuss bleeding edge inquiry into ZK ASIC hardware, including how they could fit into a Bitcoin mining playbook.

Please subscribe to our newsletter: https://blockspace.media/

Questions or want to sponsor? [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

Brian Morgenstern of Riot Platforms and Lee Bratcher of the Texas Blockchain Council join the show to discuss the latest in Washington DC overreach, with Elizabeth Warren asking the Department of Energy’s EIA to locate and document Bitcoin mining operations in the US.

Please subscribe to our newsletter: https://blockspace.media/

Questions or want to sponsor? [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

Santiago Varela is the co-founder of Kardashev BTC, a Mexican Bitcoin mining operation focused on harnessing waste and stranded energy sources for mining Bitcoin.

Please subscribe to our newsletter: https://blockspace.media/

Questions or want to sponsor? [email protected]

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Will and Charlie go through this week’s Bitcoin news, including mining stock flows, Braiins adding Lightning and a DL News hit piece on Bitcoin miners.

Please subscribe to our newsletter: https://blockspace.beehiiv.com/subscribe

Questions or want to sponsor? [email protected]

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The return of the GigaChad! In our final TAKOVER episode, guest hosts Marc Fresa of Vnish and Taylor Monnig of Cleanspark dig into Chad Everett Harris’ Bitcoin genesis, his time at Riot Platform’s and H3 Data Solutions, his new venture.

Please subscribe to our newsletter: https://blockspace.beehiiv.com/subscribe

Questions or want to sponsor? [email protected]

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Charlie, Matt and Will go through this week’s most important Bitcoin headlines, including the 8% difficulty adjustment, Coinmint’s $14 million payout and Justin Sun’s Bitcoin ambitions.

Please subscribe to our newsletter: https://blockspace.beehiiv.com/subscribe

Questions or want to sponsor? [email protected]

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Sam Tabar, CEO of BitDigital, joins the show to discuss the Bitcoin miner’s strategy, its AI investments and how he thinks of the upcoming halving.

Please subscribe to our newsletter: https://blockspace.media/

Questions or want to sponsor? [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

Charlie, Matt and Will talk about Bitcoin mining news this week, including price, Hut 8’s leadership change, the EIA seeking energy data and French Montana shilling his latest Bitcoin NFT.

Please subscribe to our newsletter: https://blockspace.media/

Questions or want to sponsor? [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

Celsius Mining recently completed its Chapter 11 restructuring, and is now managed by Hut 8. Are creditors getting a good deal?

Celsius Mining was one of the only truly functional parts of Celsius, a defunct lending firm that went belly up in mid-2022. The mining firm recently transitioned to its own entity, Ionic, and is working with Hut 8 to run its mining assets. But did creditors get a good deal? We brought on citizen journalist and long time skeptic ‘ChazzonKe’ to learn more.

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Questions or want to sponsor? [email protected].

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Swan launched a large mining company out of stealth. The question is…how?

Bitcoin financial services company announced its 4.5 EH/s Bitcoin mining operation the other week, turning heads across the Bitcoin ecosystem. Why is a financial services company getting into Bitcoin mining and how did they do it so sneakily? We find out with Rapha Zagury, CIO of Swan and head of Swan Mining.

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Questions or want to sponsor? [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

Texas is Bitcoin country, right? Over 2 gigawatts of energy is now mining Bitcoin in Texas, but it might be bad for the long term stability of the Texas energy grid. Tom Masiero of Standard Bitcoin walks us through why, in addition to insights on mining Bitcoin in the Tennessee Valley.

Thanks for our sponsor, Foreman Mining for making this show possible! https://foreman.mn/

Please subscribe to our newsletter: https://blockspace.media/

Questions or want to sponsor? [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

Will and crew go through the top stories in Bitcoin and Bitcoin mining, including data on the upcoming Bitcoin halving, Swan announcing its 4.5 EH/s mining operation and Core Scientific re-listing on the Nasdaq. Charlie also gives us an overview of what’s happening in the Ordinals ecosystem this week!

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Questions or want to sponsor? [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wanted to mine Bitcoin at home? Well you can with FutureBit! Founder and CEO John Stefanopoulos joins us to talk about how to mine Bitcoin at home and why it's important for network decentralization.

Please subscribe to our newsletter: blockspace.media

Questions or want to sponsor? [email protected].

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OG Bitcoin miner Michael Carter walks us through how he is investing and building out Bitcoin mines going into 2024's bull run, including infrastructure, buying ASICs and GPUs for AI.

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Questions or want to sponsor? [email protected].

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Today we are joined by Amanda Fabiano, founder of Fabiano Consulting, to look into the Bitcoin mining market post-Bitcoin ETF, using the gold mining industry as a comparative example.

Please subscribe to our newsletter: blockspace.media

Questions or want to sponsor? [email protected].

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Bitcoin mining stocks took a nose dive after the launch of the Bitcoin ETFs yesterday. We jumped on a livestream as the market closed to speculate on why mining stocks tumbled and first takes on Bitcoin’s big tradfi day.

Please subscribe to our newsletter: Blockspace.media

Questions or want to sponsor? [email protected].

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On the eve of a possible Bitcoin ETF, we conduct the first ever BITCOIN MINING STOCK DRAFT! We each pick 5 Bitcoin mining stocks to watch over the next 3 months based on public information.

Please subscribe to our newsletter: Blockspace.media

Questions or want to sponsor? [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices

Happy New Year! We kick off our first show with Charlie and Matt to talk about what happened with Ordinals in 2023. If you’re lost on what Ordinals are or want to catch up on the current trends, this is the show for you.

Please subscribe to our newsletter: Blockspace.media

Questions or want to sponsor? [email protected].

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Happy New Year! We’re joined by Russell Cann, Head of Mining at Core Scientific. Today we discuss Russell’s history in Bitcoin mining, CoreSci’s take on immersion mining and lessons from his years of experience in the mining business.

Please subscribe to our newsletter: Blockspace.media

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Welcome back to the Mining Pod! Today we are joined by Philip Salter, an OG Bitcoin miner with Genesis Digital Assets (GDA), one of the largest private miners in the world. Philip teases a new Bitcoin ASIC from GDA, among other topics.

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Parker Merritt of CoinMetrics joins Charlie, Matt and Will to talk about the top highlight in Bitcoin mining from 2023 and some thoughts on what to look ahead at in 2024.

Please take a moment to fill out our survey and subscribe to our newsletter!

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Bob Bodily, CEO of Bioniq, joins the show to talk about rollups as a scaling solution for Bitcoin that could bring massive amounts of transactions to Bitcoin and Bitcoin miners. We talk about Rollups, Ordinals and other scaling solutions and how miners should think about them.

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Taylor Monnig (CLSK) and Marc Fresa (Vnish) flip the desk, interviewing top experts in the Bitcoin mining space. Austin Storms from Galaxy Digital joins the show to discuss his own mining story and how he manages the largest immersion Bitcoin mining in North America with Galaxy Digital.

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The Mining Pod goes to PUBKEY to do a show with Thomas Pacchia and Drew Armstrong. We go through some mining highlights and talking points for the second half of 2023.

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We are joined by Spiderchain creator and founder of Botanix Labs Willem Schroe to discuss his proposal to bring a fully functioning EVM to Bitcoin. What does this mean for applications and fees on Bitcoin?

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Mining takeover! Taylor Monnig from Cleanspark and Marc Fresa of Vnish flip the desk and interview top guests in the mining industry! In this show we interview Ben Gagnon, Chief Mining Officer from Bitfarms.

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Samourai Wallet joins the news show to talk about their interesting experience with Luke Dashjr’s lawyer (and Luke).

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We’re joined by the Hut 8 team to talk about the recent merger between the two entities, including the motivations for merging, the details of the listing process and the next steps for the Celsius asset acquisition.

Subscribe to our newsletter: https://theminingpod.substack.com/

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News time! We’re joined by Charlie and Matt to discuss this week’s happenings in Bitcoin mining, including the Ocean Pool post-launch controversy, Antpool trying to return (?) the 83 BTC fee and a special drop in guest.

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Bob Burnett of Barefoot Mining joins us to discuss the launch of Ocean Pool, backed by Jack Dorsey, live from the South Carolina debut.

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Today we are joined by Alejandro De La Torre, a Bitcoin miner announcing the launch of the first Stratum v2 Bitcoin mining pool: Demand. We talk with Alejandro about what Stratum v2 means for Bitcoin, how it works and the state of the Bitcoin mining pool game.

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Welcome back to the show! We have a news roundup and mining stocks with Anthony Power in one show today. First, we discuss Antpool’s $3 million transaction fee and F2Pool censoring certain transactions before digging into mining stocks with Anthony Power.

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Adam Sullivan of Core Scientific joins us to discuss rebuilding Core Scientific - formerly the largest Bitcoin miner in the world. We discuss Core’s facilities, its Chapter 11 exit plan and what it expects in 2024.

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Today we are joined by Dennis Porter of the Satoshi Action Group to discuss the politics of Bitcoin mining in the US. We discuss recent pushback on Bitcoin mining in certain rural regions and national security concerns from Bitcoin miners with CCP ties.

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We are joined by Asher Genoot and Scott Duffy of US Bitcoin and the Celsius Creditor’s Committee to discuss US Bitcoin’s successful bid to purchase the mining fleet of now-defunct Celsius, now under new management as Fahrenheit, in collaboration with its consortium partners Arrington Capital, Proof Group, Steve Kokinos, and Ravi Kaza.

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Today we are joined by Tether Inc. CTO and incoming CEO Paolo Ardoino to discuss Tether’s move into Bitcoin mining, including its $600 million unsecured loan to Northern Data, why its mining Bitcoin versus other investments and how it thinks about site selection.

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We’re talking about Biden’s AI order, Core exiting Chapter 11 in the next few months and Tether’s $600 million unsecured loan to Northern Data.

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Today we are joined by Dan Roberts, Co-CEO of Iris Energy, to discuss its 2023 financials, recent Antminer S21 pre-order and its experiment with AI/HPC.

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Welcome to the news roundup! We’re talking about if you should buy ASICs before a mega-price pump, why and how Marathon Digital is diluting shareholders with a $750 million equity offering and Siphon, a novel Ordinals bot that kneecaps BRC-20 mints but causes MEV on Bitcoin.

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Reggie Smith, lead FinTech analyst at JP Morgan, joins us to discuss his recent research into Bitcoin mining stocks including Riot, Marathon, Cleanspark and Cipher Mining.

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Matt and Charlie join to talk about Bitcoin’s pop above $30,000, ASIC rig prices changing after the S21 appearing on the scene and what Taproot assets mean for Bitcoin.

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Today we are joined by Paul Sztorc and James McAvity of Layer2 Labs and Cormint, respectively. We discuss the pressing issue of crypto fees, how to think about L2 designs for Bitcoin, criticisms of BIP 300/301 and why Bitcoin miners arn’t more involved in Bitcoin governance.

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Today we are joined by Tatum and Matt to talk about Lancium and Foreman’s on-going litigation around demand response, Inscribing WikiLeaks documents on Bitcoin, BitVMs potential for mining and the NY Times latest Bitcoin mining slander against Chinese Bitcoin miners.

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Today we are joined by Wolfie Zhao of The Miner Mag and Anthony Power, an independent analyst, to discuss the Bitmain cash flow rumors and monthly mining production numbers, respectively.

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Happy weekend! We’re talking about SBF’s big week in Federal court, an Op-Ed in Bitcoin Magazine over Drivechains from prominent Bitcoin miners and Antpool’s return to hashpool dominance.

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On this week’s show we talk with Jan Capek, co-founder and co-CEO of Braiins. We discuss their new control board, the pool’s state of growth, funding Braiins and the new Bitmain Antminer S21 coming to the mining market.

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News is back! We talk about Marathon testing in prod, Bitmain and others new ASICs and Casey Rodarmor’s newest protocol (or blog turned protocol) Runes!

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We speak with Chain Reaction co-founder Alon Webman about his new Israeli startup building Bitcoin ASICs. We discuss his background at Mellanox Technologies, purchased by Nvidia for $7 billion in 2019, to forming Chain Reaction and taking on the incumbent players in Bitcoin mining.

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Welcome back to the show! Today we are joined by Barun Kar and Rajiv Khemani of Auradine, a new Bitcoin miner manufacturer to talk about their new 4nm Bitcoin miner. 

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Welcome back to the show! Today we are joined by Dylan LeClair of BTC Inc. to talk about his viral tweet concerning Bitcoin’s ‘security budget,’ macro flows into Bitcoin, and how mining stocks are poised for a breakout (after a recession, Dylan says).

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Welcome back to the show! A few things to announce:

The show is now independent. If you'd like to reach me, email [email protected]. Second, we now have sponsors! Give our sponsors some love and reach out if you are interested in sponsoring! Lastly, we are giving away free hashrate to celebrate the another season of the podcast. Subscribe to our email list to be entered!

https://theminingpod.substack.com/

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Today we are joined by Alen Makhmetov a miner in Kazakhstan to talk about the realities of operating in that country.

Alen Makhmetov: https://twitter.com/alenmakhmetov

Will Foxley: https://twitter.com/wsfoxley

SPONSOR

MinerMag is a research and data portal focusing on institutional bitcoin miners, consolidating company-level and network-wise data to produce coherent research articles on the state of bitcoin mining.

https://theminermag.com

TIMESTAMPS:

00:00 Start

00:48 Alen profile

02:49 Mining in Russia

03:56 Mining is Kazakhstan

05:05 New regulation

07:13 Energy landscape

08:33 On-grid mining ops

09:35 China ban effect

11:47 Grid outages

15:09 4 points of new laws

17:16 National mining pool

20:34 Russia war

22:16 Importing ASICs

23:41 Russia energy cost

25:15 Crypto payments in ops

26:03 Future of mining in K and R

27:44 Large miners in K

28:25 Will R increase mining

29:14 The halving

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Today we are joined by Anthony Power to go over June’s monthly mining numbers. 

https://compassmining.io/education/bitcoin-mining-stock-roundup-june-monthly-numbers/

Anthony Power: https://twitter.com/cazenove

Will Foxley: https://twitter.com/wsfoxley

TIMESTAMPS:

00:00:00 Start

00:02:40 Mining Metrics

00:04:40 Texas Energy Challenges

00:05:54 Full CP Program Benefits

00:07:35 Mining Stock Surge

00:09:09 Market Cap Disparities

00:10:05 Clean Spark & Cipher Momentum

00:11:56 Preparing for the Halving

00:13:28 Potential Breakout Miners

00:14:46 TerraWulf & Clean Spark Potential

00:16:22 Market Cap Considerations

00:17:57 Potential Mergers Impact

00:19:18 Investing in New Miners

00:21:14 Potential Valuation Shifts

00:23:09 Market Focus on Production

00:24:53 Importance of Financial Metrics

00:25:12 Q1 Analysis

00:26:11 Bitcoin Margin

00:27:33 Good Cash Costs

00:30:06 Bitcoin Production

00:31:20 Bitfarms Steady

00:32:13 DMG's Poor Month

00:33:27 Argo's Immersion Cooling

00:35:40 Twitter Questions

00:36:03 Actual All-in Cost?

00:38:15 Positive EPS in Q2?

00:40:09 Potential Mergers

00:49:29 Conclusion

MINE

Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1

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LISTEN

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Spotify https://spoti.fi/3tSf9G1

Amazon https://amzn.to/3557cqg

Anchor https://bit.ly/3rmb7UF

Fountain https://bit.ly/3NeNTec

RSS https://bit.ly/3chpULV 

LEARN

Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD

Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are joined by James McAvity, CEO of Cormint about their new yield product, immersion, and the realities of mining in Texas.

https://cormint.com

James: https://twitter.com/jamesmcavity

Will Foxley: https://twitter.com/wsfoxley

TIMESTAMPS:

00:00 Start

01:12 James background

02:43 Cormint background

05:07 Why immersion?

06:44 Balance Sheet

08:47 Yield on BTC

10:47 Yield product details

13:38 Wind power + debt

16:56 Why not more traditional capital raise?

19:26 Ordinal war bond

21:02 Community response to ordinals

24:26 IPO?

27:38 Future of Texas energy

31:42 ERCOT, heat, dust.. oh my!

34:55 Wrap

36:23 Dogecoin is the final boss

MINE

Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1

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LISTEN

Apple Podcasts https://apple.co/3fNfrdi

Spotify https://spoti.fi/3tSf9G1

Amazon https://amzn.to/3557cqg

Anchor https://bit.ly/3rmb7UF

Fountain https://bit.ly/3NeNTec

RSS https://bit.ly/3chpULV 

LEARN

Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD

FOLLOW

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Today we are talking about the hashrate and how it don’t give a f^#$, Binance laying off 1000 people and XRP gets some news in it’s case.

https://mempool.space/mining

https://www.coindesk.com/business/2023/07/14/binance-cut-1000-workers-in-recent-weeks-wsj

https://www.coindesk.com/consensus-magazine/2023/07/13/ripple-labs-ruling-throws-us-crypto-token-regulation-into-disarray/

Matt Kimmell: https://twitter.com/MatthewKimmell

Will Foxley: https://twitter.com/wsfoxley

TIMESTAMPS:

00:00 Start

01:01 Hashrate go up

03:03 Public miners at 25%

04:45 Binance cuts 100 staff

07:35 XRP trading surges

MINE

Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1

WATCH https://youtube.com/c/CompassMining?sub_confirmation=1

LISTEN

Apple Podcasts https://apple.co/3fNfrdi

Spotify https://spoti.fi/3tSf9G1

Amazon https://amzn.to/3557cqg

Anchor https://bit.ly/3rmb7UF

Fountain https://bit.ly/3NeNTec

RSS https://bit.ly/3chpULV 

LEARN

Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD

FOLLOW

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Today we are joined by Karim Helmy, an independent researcher. Karim walks us through his novel use of nonce analysis to study the ASIC topography of the Bitcoin network and energy footprint.

https://twitter.com/karimhelpme/status/1668592283871244288

https://coinmetrics.io/special-insights/bitcoin-nonce-analysis

Karim Helmy: https://twitter.com/karimhelpme

Will Foxley: https://twitter.com/wsfoxley

TIMESTAMPS:

00:00 Start

00:47 What is nonce analysis?

03:19 Karim's nonce research

06:29 Why aren't the chips random?

08:10 Why are models showing before their release date?

10:22 Top rigs mining the network

12:56 Antminer dominates the chart

13:57 Energy draw of the network

18:03 Is Cambridge obsolete?

21:02 Data next steps

23:21 Using data to inform purchasing times/prices?

24:31 Charting new machines

MINE

Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1

WATCH https://youtube.com/c/CompassMining?sub_confirmation=1

LISTEN

Apple Podcasts https://apple.co/3fNfrdi

Spotify https://spoti.fi/3tSf9G1

Amazon https://amzn.to/3557cqg

Anchor https://bit.ly/3rmb7UF

Fountain https://bit.ly/3NeNTec

RSS https://bit.ly/3chpULV 

LEARN

Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD

FOLLOW

Twitter: https://twitter.com/compass_mining

LinkedIn: https://www.linkedin.com/company/compassmining

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Today we are talking about the miners pivoting to AI and what’s up with Bored Apes?

Listener Survey

https://docs.google.com/forms/d/e/1FAIpQLSdvmgIN36Uz8Xul73lNiLADM0vyUxHCuy5WKFDsgI1qiTznuw/viewform

https://www.coindesk.com/business/2023/07/07/bitcoin-mining-is-a-game-of-survival-consolidation-and-potential-ai-diversification-bernstein/

https://www.coindesk.com/business/2023/06/30/applied-digital-stock-surges-12-after-announcing-its-third-ai-deal/

https://archive.ph/226PQ

https://www.coindesk.com/business/2023/06/30/bitcoin-miner-hive-blockchain-touts-privacy-of-ai-models-running-on-its-gpus/

Matt Kimmell: https://twitter.com/MatthewKimmell

Will Foxley: https://twitter.com/wsfoxley

TIMESTAMPS:

00:00 Start

01:53 Miner's pivot to AI

12:08 Bored Ape

MINE

Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1

WATCH https://youtube.com/c/CompassMining?sub_confirmation=1

LISTEN

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Spotify https://spoti.fi/3tSf9G1

Amazon https://amzn.to/3557cqg

Anchor https://bit.ly/3rmb7UF

Fountain https://bit.ly/3NeNTec

RSS https://bit.ly/3chpULV 

LEARN

Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD

FOLLOW

Twitter: https://twitter.com/compass_mining

LinkedIn: https://www.linkedin.com/company/compassmining

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Today we are joined by Blake King, Power Markets Engineer at Galaxy Digital. We discuss how ERCOT works, what signals energy traders look for and how battery and Bitcoin mining loads interact on the grid.

Blake King: https://twitter.com/hhornblower95

Will Foxley: https://twitter.com/wsfoxley

TIMESTAMPS:

00:00:00:00 Start

00:01:38:17 Hot in Texas

00:03:55:03 ERCOT

00:08:21:01 Demand calculations

00:10:44:29 What signals are miners looking at

00:14:19:17 Renewable issues & day ahead costs

00:19:24:06 Process for forward pricing

00:23:14:21 What to expect this summer

00:27:59:25 Flexible residential loads

MINE

Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1

WATCH https://youtube.com/c/CompassMining?sub_confirmation=1

LISTEN

Apple Podcasts https://apple.co/3fNfrdi

Spotify https://spoti.fi/3tSf9G1

Amazon https://amzn.to/3557cqg

Anchor https://bit.ly/3rmb7UF

Fountain https://bit.ly/3NeNTec

RSS https://bit.ly/3chpULV 

LEARN

Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD

FOLLOW

Twitter: https://twitter.com/compass_mining

LinkedIn: https://www.linkedin.com/company/compassmining

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Today we are joined by Frank Holmes and Aydin Kilic of Hive Blockchain to discuss their recent ASIC acquisitions and jump into AI processing.

https://hiveblockchain.com

Will Foxley: https://twitter.com/wsfoxley

TIMESTAMPS:

00:00 Start

01:11 Pivot to AI

02:34 Ordinals

04:09 Balance sheet

06:03 ASIC ROI

11:18 6 exahash by year end

14:46 Uncommon sats

16:10 Greenhouse project

18:52 GPUs

21:16 Hive cloud

26:17 Super micro servers

28:50 AI profitability vs mining

MINE

Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1

WATCH https://youtube.com/c/CompassMining?sub_confirmation=1

LISTEN

Apple Podcasts https://apple.co/3fNfrdi

Spotify https://spoti.fi/3tSf9G1

Amazon https://amzn.to/3557cqg

Anchor https://bit.ly/3rmb7UF

Fountain https://bit.ly/3NeNTec

RSS https://bit.ly/3chpULV 

LEARN

Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD

FOLLOW

Twitter: https://twitter.com/compass_mining

LinkedIn: https://www.linkedin.com/company/compassmining

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Today we are joined by Jason Goodman Co-Founder of Bathhouse a thermal bath & spa facility in New York that utilizes Bitcoin mining to heat their pools. We discuss infrastructure, energy costs and public reaction to learning the source of their heat. 

Instagram: https://instagram.com/bathhouse

Location: 103 N 10th St, Brooklyn, NY 11249

Booking: https://na.spatime.com/abh11249/73814252/home

Jason Goodman: https://www.linkedin.com/in/jason-goodman-422780192

Will Foxley: https://twitter.com/wsfoxley

TIMESTAMPS:

00:00 Start

00:26 When the story was posted

04:58 Jason's story

07:01 Immersion setup

13:50 Temps & heat loss

17:20 Planning

23:28 I'll never buy another pool heater

24:08 Energy costs

27:49 Treasury management

28:57 Other heating ideas

MINE

Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1

WATCH https://youtube.com/c/CompassMining?sub_confirmation=1

LISTEN

Apple Podcasts https://apple.co/3fNfrdi

Spotify https://spoti.fi/3tSf9G1

Amazon https://amzn.to/3557cqg

Anchor https://bit.ly/3rmb7UF

Fountain https://bit.ly/3NeNTec

RSS https://bit.ly/3chpULV 

LEARN

Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD

FOLLOW

Twitter: https://twitter.com/compass_mining

LinkedIn: https://www.linkedin.com/company/compassmining

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Today we are joined by Justin Orkney, Mining. Commercial Director at Standard Power. We discuss building a one gigawatt site in Ohio, nuclear power, and the future of demand response in North America.

https://twitter.com/StandardPower