We are down south in Miami for Bitcoin 2023. Today we are joined by Taylor Monnig, VP of Mining Technology at CleanSpark. We discuss the history and current trends in immersion mining, oil vs hydro, overclocking and how to decide if immersion is right for a specific location.

https://cleanspark.com

Taylor Monnig: https://twitter.com/taylorbmonnig

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

TIMESTAMPS:

00:00 Start

00:54 Immersion mining overview

06:10 History of immersion mining

07:53 Taylor's history

11:04 Who is using immersion?

13:38 2019-20 immersion scene

15:19 Current trends

16:21 1 vs 2 phase

17:37 Why use immersion

20:23 Current innovations

22:15 Immersion patents

23:24 ASIC immersion demand

25:47 Hydro vs immersion

27:54 Cooling design mistakes

30:23 Cleanspark

33:00 Setup immersion vs air cooled

35:56 Deciding to go immersion

MINE

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LISTEN

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LEARN

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Today we are joined by Anthony Power to discuss his May mining update, “Ranking ‘mid-tier’ Bitcoin miners, by the numbers”, the effect of Ordinals on rewards and the continued importance of balance sheet management.

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We are down south in Miami for Bitcoin 2023. Today we are joined by Lee Bratcher, President of the Texas Blockchain Council. We discuss Texas mining, Bitcoin and CBDC bills, domestic ASIC production and garnering public interest.

Lee Bratcher: https://twitter.com/lee_bratcher

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

TIMESTAMPS:

00:00 Start

01:13 Proof of Reserves Bill

02:15 State based law making

05:32 Texas CBDC Bill 

08:14 Limiting BTC mining in ERCOT Bill

16:38 Political flexibility

19:29 NYT Mining Story

21:44 Miner data privacy

26:07 Interacting w/ journalists

29:25 ERCOT update

34:11 Domestic ASIC manufacturing

37:33 Lobbying progress

41:26 BTC interest in Texas

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 Drake an Ethereum researcher that collaborated on the ETH 2.0 consensus change. We talk about variations of mining attacks on Bitcoin.

Justin Drake: https://twitter.com/drakefjustin

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

TIMESTAMPS:

00:00 Intro

01:30 Justin Drake

04:05 51% attacks

11:22 Spectrum of attack outcomes

14:33 Attackers vs defenders

19:22 $5.25B economic security

23:17 Tactics

30:46 Timing the attack

34:13 Hardware attacks

39:43 Infrastructure attacks

44:24 Regulation & violence attacks

46:50 Vulnerable attack vectors

52:27 How to prepare?

01:01:38 Checkpoints & ASIC secret code

01:06:48 The role of ideology

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 discuss Ordinals driving a crazy fee market and miners stacking sats, Marathon making moves in Abu Dhabi and the ZeroSync paper.

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

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

STORIES

https://www.nobsbitcoin.com/zerosync-introducing-validity-proofs-to-bitcoin/

https://www.coindesk.com/business/2023/05/11/bitcoins-high-fees-brought-back-bull-market-level-mining-revenue-but-not-for-long/

https://www.coindesk.com/business/2023/05/09/marathon-digital-in-jv-for-immersion-cooling-bitcoin-mining-in-abu-dhabi/

https://mempool.space/block/0000000000000000000435ab16cdc0e2df3a7dbf75eec117ecfcedc6d053b0c2

https://www.coindesk.com/business/2023/05/11/hut-8-first-quarter-revenue-drops-64-as-bitcoin-mining-difficulties-bite/

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

01:47 Ordinals fees gone wild!

12:06 Marathon & Abu Dhabi

15:11 Hut 8 having ops trouble

17:40 ZeroSync

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 Anthony Power to discuss his March mining updates, strengths and weaknesses of miners and a special note on Core Scientific, who recently appointed a new president.

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

Today we are joined by Jamie Leverton and Asher Genoot of Hut 8 and US BTC to discuss the merger of the two Bitcoin mining firms. We talk about US BTC’s operations, its strategic purchases in 2022 and merging the two firm’s assets.

https://hut8.io/

https://usbitcoin.com/

Jamie Leverton: https://twitter.com/jaimeleverton

Asher Genoot: https://twitter.com/ashergenoot

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

TIMESTAMPS:

00:00 Start

02:10 Merger overview

05:07 USBTC assets & experience

09:12 Bear market asset acquisitions

15:05 Hut 8 BTC treasury & Canada

19:56 Integrating business ops

24:06 Mining sites as data centers

26:35 Hashrate predictions

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

Today we discuss Intel pausing ASIC manufacturing due to inventory glut, Gensler doing his best impression of a piñata in Congress & Coinbase considers moving to Bermuda.

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

STORIES

https://www.coindesk.com/tech/2023/04/21/solanas-annual-carbon-footprint-equals-8-flights-from-london-to-new-york/

https://www.coindesk.com/business/2023/04/20/crypto-exchange-coinbase-receives-license-to-operate-in-bermuda/

https://www.coindesk.com/business/2023/04/18/bitcoin-financial-services-firm-unchained-capital-raises-60m/

https://twitter.com/sassal0x/status/1648338351832064003

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

01:14 Intel pauses ASIC manufacturing

03:36 Solana ESG nonsense

05:35 Coinbase Bermuda register

09:01 Gensler in the hot seat

14:54 Unchained raises money

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

Today we are joined by Clara Medalie of Kaiko Research to talk about Bitcoin markets. We discuss market depth post-FTX, what a healthy Bitcoin marketplace looks like and how miners can influence price action.

https://www.kaiko.com/pages/kaiko-research

Claire Medalie: https://twitter.com/clara_medalie

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

TIMESTAMPS:

00:00 Start

01:58 BTC market structure

03:41 Market maker volume

05:22 Why makers aren't filling the gap

07:32 Low liquidity, higher volatility

09:06 Number go up?

10:25 Historical comparison

12:06 Binance order book

14:29 Wash trades

15:47 Miner selling BTC

17:43 Market selling 10k BTC

19:55 Healthy market structure

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

Today we are covering Bitcoin price breaking $30k, Ontario & Sweden Energy Rates & the Bitdeer SPAC not going so well.

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

STORIES

https://dune.com/queries/2008613/3324931

https://www.coindesk.com/business/2023/04/14/bitcoin-miner-bitdeer-stock-slumps-nearly-30-at-trading-debut/

https://toronto.ctvnews.ca/ontario-introduces-new-ultra-low-overnight-hydro-pricing-1.6350650

https://www.coindesk.com/policy/2023/04/14/sweden-drives-final-nail-into-its-bitcoin-mining-industry-with-tax-hike/

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

04:02 1M Ordinals

04:42 Ontario & Sweden Energy Rates

08:07 Bitdeer SPAC

11:01 ETH hard fork

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