Riot Blockchain’s 2022: Texas Expansion, ERCOT & S19 XPs | Jason Les | The Mining Pod

In this interview, we discuss competition among Bitcoin miners, building the world’s largest bitcoin mine during Covid, how to think about mining equities, the vertically integrated model, working with ERCOT, deploying S19 XPs and bear market mining strategies.

https://www.riotblockchain.com

Jason Les: https://twitter.com/jasonles_

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

SPONSOR

https://foundryacademy.com

Enhance your ASIC education with hands-on courses offered by Foundry. Led by industry-veteran instructors, Foundry’s Mining Technician academy programs cover a range of topics - from identifying issues and troubleshooting common hardware failures, to coursework exploring bitcoin’s global impact.

TIMESTAMPS:

00:00 Start

00:58 Intro

01:50 FTX collapse

03:00 Relationships in the industry

06:48 Miners having trouble

09:11 Bad decisions in mining

14:00 Miner loans and rates

22:20 Building a massive mining site

26:24 Financing expansions

31:21 Risks of mining equity

34:07 The business model of mining

39:44 Working with ERCOT

44:23 ASIC market

49:35 BTC in a broader bear market

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

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