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

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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

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