Today we are joined by Anthony Power to go over May’s monthly mining numbers. We discuss standouts like Marathon Digital and Iris Energy, energy curtailment revenues, and predictions for the mining industry.

https://compassmining.io/education/bitcoin-mining-stock-roundup-may-monthly-numbers/

Anthony Power: https://twitter.com/cazenove

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

TIMESTAMPS:

00:00 Start

00:26 Cost of BTC production

04:15 Energy contracts

06:35 Self mining updates

16:39 Terrawolf debt vs cost

22:25 Ordinals & curtailment

27:18 Market timing growth

38:41 Weather & temp

46:03 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 are joined by DMG’s Sheldon Bennet & Adrian Glover to talk about Ordinals. We discuss DMG’s mining profile, their carbon-neutral pool Terra, Inscriptions and uncommon satoshi mining.

https://dmgblockchain.com

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

SPONSOR

MinerMag is a research and data portal focusing on institutional bitcoin miners, consolidating company-level and network-wise data to produce coherent research articles on the state of bitcoin mining.

https://theminermag.com

TIMESTAMPS:

00:00 Start

01:40 DMG profile

07:12 Terrapool

13:36 Ordinals

15:57 Ordinals tech stack

18:03 Transaction ordering

20:06 Future of ordinals & utility

22:48 What ordinals mean for Bitcoin

25:45 Recursive & other types of ordinals

28:11 Shareholders

31:10 Value of software & zero fee pools

34:37 Ordering tnxs & MEV

36:12 Rare sats

38:35 Pricing ordinals services

39:55 Will other miners have ordinals business?

41:53 Devs considerations for ordinals

43:00 What's next for ordinals?

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://linkedin.com/company/compassmining

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

Today we are talking about the Blockrock ETF, the Coinshares mining report, the new Blockstream mining rig and flare gas mining in Argentina with Crusoe Energy.

Listener Survey

https://docs.google.com/forms/d/e/1FAIpQLSdvmgIN36Uz8Xul73lNiLADM0vyUxHCuy5WKFDsgI1qiTznuw/viewform

https://www.coindesk.com/tech/2023/06/13/bitmains-s19-bitcoin-miners-account-for-bulk-of-network-hashrate-says-new-research/

https://twitter.com/wolfiezhao/status/1668596600690851845

https://www.coindesk.com/tech/2023/06/13/bitcoin-infrastructure-firm-blockstream-to-unveil-its-long-awaited-mining-rig-in-3q-of-2024/

https://twitter.com/EricBalchunas/status/1669691447996456963

Charlie Spears: https://twitter.com/cbspears

Tatum Turn Up: https://twitter.com/tatumturnup

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

TIMESTAMPS:

00:00 Start

01:52 Blackrock ETF

06:13 Damus debacle

07:08 Between Two ASICs

08:25 Blackrock again

10:26 Coinmetrics report

15:59 Blockstream miner

20:42 Iris Energy

25:31 Flare gas mining in Argentina

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 Jim Seto, CEO of ePIC Blockchain Technologies. We discuss designing the ePIC Blockminer, partnering with Intel and making mining rigs in North America.

https://epicblockchain.io

Jim Seto: https://www.linkedin.com/in/jim-seto-663149a

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

SPONSOR

MinerMag is a research and data portal focusing on institutional bitcoin miners, consolidating company-level and network-wise data to produce coherent research articles on the state of bitcoin mining.

https://theminermag.com

TIMESTAMPS:

00:00 Start

01:26 Jim Seto Background

02:35 From chip fabrication to BTC

04:44 What is Epic?

08:19 The semiconductor landscape

13:09 Design vs. chip density

16:01 Nanometer are mostly marketing

19:37 Cost vs efficiency

21:55 Shipping before it's ready

24:03 Epic products

27:38 Intel partnership

30:51 Just buying chip challenges

34:30 Growing in a bear market

38:40 Geopolitics

41:35 Fabricators opinion of BTC mining

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://linkedin.com/company/compassmining

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

Today we are talking about BTC Prague, BitGo acquiring Prime Trust and Consensys troubles over assets.

https://www.btcprague.com

https://www.coindesk.com/business/2023/06/08/crypto-custody-firm-bitgo-reaches-preliminary-agreement-to-buy-prime-trust-source/

https://www.coindesk.com/business/2023/06/07/bitcoin-halving-is-coming-and-only-the-most-efficient-miners-will-survive/

https://www.coindesk.com/consensus-magazine/2023/06/08/consensys-faces-shareholder-vote-over-controversial-transfer-of-company-assets/

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

TIMESTAMPS:

00:00 Start

00:51 Stories from Prague

05:50 BitGo acquires Prime Trust

10:18 BTC halving

13:38 Consensys assets

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 Sebastien Hess, co-founder of Block Green, a protocol for selling hashrate. We discuss how miner’s sell hashrate, who is buying hashrate and how Block Green thinks of energy.

https://www.block.green

Sebastien Hess: https://twitter.com/SebastienHess

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

TIMESTAMPS:

00:00 Start

00:36 Black Green overview

03:58 Hashrate derivative

05:48 What is a vault?

06:51 Onboarding miners

09:05 Contracts & collateral

11:12 Who is buying?

13:02 Liquidity

14:47 Size of contracts

15:44 Minimum hash

17:28 EU vs US customers

18:35 EU mining landscape

20:56 Energy source profile

22:54 KYM process

25:33 Future of Block Green

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 talking about how miner revenue has been up, if old ETH miners pivoting to AI is realistic and Tether hydro mining in Uruguay.

https://www.theblock.co/post/232886/bitcoin-miner-revenue-climbs-to-916-million-in-may

https://www.coindesk.com/business/2023/05/26/usbtc-aims-to-become-bitcoin-mining-giant-after-deal-to-buy-celsius-assets/

https://hashrateindex.com/blog/fahrenheit-256-inside-us-bitcoin-and-cos-acquisition-of-celsius-bankruptcy-assets/

https://www.businesswire.com/news/home/20230531005132/en/CoreWeave-Secures-200-Million-Series-B-Extension-Bringing-Total-Round-to-421-Million

https://twitter.com/nic__carter/status/1664675237819031553

https://www.theblock.co/post/232521/tether-bitcoin-mining-uruguay

https://www.thestreet.com/cryptocurrency/news/biden-30-percent-bitcoin-mining-tax-debt-ceiling-deal

https://github.com/djrtwo/writing/blob/main/docs/2022-05-30_the-risks-of-lsd.md

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

TIMESTAMPS:

00:00 Start

01:13 Miner revenue increase

02:25 USBTC to buy Celcius assets

04:19 ETH miners pivot to AI compute

06:08 Nic Carter on AI pivot

07:09 Tether mining in Uruguay

08:22 Biden 30% mining tax dead (for now)

09:28 ETH risks of LSD

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

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

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 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.

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

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

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