Blockspace

MINING: Big Oil Wants Dollars, Not Bitcoin w/ Chris Alfano


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Chris Alfano, CEO of 360 Energy, joins us to talk about the integration of Bitcoin mining and oil & gas. We discuss the recent investment from Halliburton and what it signals for the industry. Chris explains why major oil companies prefer giving away waste gas for free over taking hash price exposure, the technical challenges of dirty fuel gas, and the shift from individual wellheads to large-scale pipeline deployments.

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Notes:

* Hash price hit all-time low of $29/PH/day.

* China ban cut 80% of global hash rate.

* 5 of last 6 difficulty adjustments negative.

* AI infrastructure costs $10-$15M per megawatt.

* Bitcoin price dropped to $65,000 level.

* Sub-50 MW sites are the new frontier.

Timestamps:

00:00 Start

03:22 AI boom & China mining ban

08:30 What edge do miners have over hyperscalers?

13:23 Energy production limits

21:23 Small scale HPC

24:23 Batteries

35:46 Secondary effects

36:51 Pleb miners

39:55 IS US mining doomed?

45:57 Powershell vs Neocloud

👉CleanSpark, America's Bitcoin Miner!

CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.

 

 

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