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Reviewing The Bitcoin Mining Industry's BIG Year With Nico Smid
In this episode of the Compass Mining Podcast, Nico Smid joins Jarrett to dive into the key developments that shaped Bitcoin mining in 2024. They explore critical topics like the Bitcoin halving, network hashrate growth, geographical shifts, and the economics of mining, shedding light on the challenges and opportunities facing the industry.
Nico Smid provides insights into post-halving hash price dynamics, the evolution of ASIC hardware, and the intersection of Bitcoin mining with emerging technologies like AI and high-performance computing (HPC). The conversation also examines the volatility of transaction fees, the role of mining pools, and Bitmain's dominance in the ASIC market.
The episode concludes with a discussion on how AI could influence Bitcoin mining and the strategies public mining companies are using to adapt to evolving market conditions.
Watch on YouTube - https://youtu.be/-T18AaECJz4
⛏️⚡️ EPISODE CHAPTERS ⛏️⚡️
00:00 - Nico's Intro
00:33 - Episode Intro
02:55 - Why Create An Annually Bitcoin Mining Report?
04:25 - What's The TLDR Of The Report?
06:33 - The Year Of The Halving
08:37 - The Growth Of Hashrate In 2024
15:09 - Global Trends Of Bitcoin Mining Adoption & Growth
20:00 - Network Efficiency Analysis
25:12 - Bitcoin Price In 2024
26:49 - Network Difficulty Growth
30:15 - Hash Price In 2024
33:50 - Transaction Fees
38:18 - ASIC Hardware Market
48:18 - ASIC Dominance
52:18 - PubCo Analysis
GET THE REPORT TODAY - https://digitalminingsolutions.tech/2024-annual-review/
Nico's X - https://x.com/Smidnico
Nico's LinkedIn - https://www.linkedin.com/in/nicosmid/
Nico's Company Website - https://digitalminingsolutions.tech/insights/
Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining.
Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for.
--------------------------------------------
LISTEN TO OUR SHOW:
Spotify - https://spoti.fi/3MXg1o8
Apple - https://apple.co/4goMWQl
--------------------------------------------
MINE:
Start mining your own bitcoins with Compass. https://bit.ly/4eloP36
WATCH:
https://bit.ly/3XGkgus
--------------------------------------------
💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://bit.ly/3XmgmFW and via links below:
🔗 About Us - https://bit.ly/3MXgzuc
🔗 Our Facilities - https://bit.ly/3XQXAYI
🔗 Home Mining Guide - https://bit.ly/3Zw6FHu
🔗 Hosted Mining Guide - https://bit.ly/3TCS8pU
🔗 Our Compass Mining Articles - https://bit.ly/3BdVkC3
🔗 Educational Content - https://bit.ly/3TB3qeg
💻 Follow Compass Mining on social media:
🔗 X - https://bit.ly/3Y1uLZT
🔗 Linkedin - https://bit.ly/4duOe9P
View all episodes
By Bitcoin Mining and BeyondIn this episode of the Compass Mining Podcast, Nico Smid joins Jarrett to dive into the key developments that shaped Bitcoin mining in 2024. They explore critical topics like the Bitcoin halving, network hashrate growth, geographical shifts, and the economics of mining, shedding light on the challenges and opportunities facing the industry.
Nico Smid provides insights into post-halving hash price dynamics, the evolution of ASIC hardware, and the intersection of Bitcoin mining with emerging technologies like AI and high-performance computing (HPC). The conversation also examines the volatility of transaction fees, the role of mining pools, and Bitmain's dominance in the ASIC market.
The episode concludes with a discussion on how AI could influence Bitcoin mining and the strategies public mining companies are using to adapt to evolving market conditions.
Watch on YouTube - https://youtu.be/-T18AaECJz4
⛏️⚡️ EPISODE CHAPTERS ⛏️⚡️
00:00 - Nico's Intro
00:33 - Episode Intro
02:55 - Why Create An Annually Bitcoin Mining Report?
04:25 - What's The TLDR Of The Report?
06:33 - The Year Of The Halving
08:37 - The Growth Of Hashrate In 2024
15:09 - Global Trends Of Bitcoin Mining Adoption & Growth
20:00 - Network Efficiency Analysis
25:12 - Bitcoin Price In 2024
26:49 - Network Difficulty Growth
30:15 - Hash Price In 2024
33:50 - Transaction Fees
38:18 - ASIC Hardware Market
48:18 - ASIC Dominance
52:18 - PubCo Analysis
GET THE REPORT TODAY - https://digitalminingsolutions.tech/2024-annual-review/
Nico's X - https://x.com/Smidnico
Nico's LinkedIn - https://www.linkedin.com/in/nicosmid/
Nico's Company Website - https://digitalminingsolutions.tech/insights/
Compass Mining is a Bitcoin-first company dedicated to democratizing the mining process and making it easy for those looking to delve into the world of Bitcoin mining.
Compass Mining is not just another company in the cryptocurrency space. We are a visionary enterprise, looking to reshape the landscape of Bitcoin mining. Whether you're a seasoned miner or someone just starting out, Compass offers the tools, resources, and support to guide you on your mining journey. If you're looking to dive into the world of Bitcoin mining or want to enhance your existing operations, Compass Mining is the partner you've been searching for.
--------------------------------------------
LISTEN TO OUR SHOW:
Spotify - https://spoti.fi/3MXg1o8
Apple - https://apple.co/4goMWQl
--------------------------------------------
MINE:
Start mining your own bitcoins with Compass. https://bit.ly/4eloP36
WATCH:
https://bit.ly/3XGkgus
--------------------------------------------
💭 For those interested in learning more about Compass Mining, our offerings, and our mission, visit our official website at https://bit.ly/3XmgmFW and via links below:
🔗 About Us - https://bit.ly/3MXgzuc
🔗 Our Facilities - https://bit.ly/3XQXAYI
🔗 Home Mining Guide - https://bit.ly/3Zw6FHu
🔗 Hosted Mining Guide - https://bit.ly/3TCS8pU
🔗 Our Compass Mining Articles - https://bit.ly/3BdVkC3
🔗 Educational Content - https://bit.ly/3TB3qeg
💻 Follow Compass Mining on social media:
🔗 X - https://bit.ly/3Y1uLZT
🔗 Linkedin - https://bit.ly/4duOe9P