Today we are talking about the miners pivoting to AI and what’s up with Bored Apes?

Listener Survey

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

https://www.coindesk.com/business/2023/07/07/bitcoin-mining-is-a-game-of-survival-consolidation-and-potential-ai-diversification-bernstein/

https://www.coindesk.com/business/2023/06/30/applied-digital-stock-surges-12-after-announcing-its-third-ai-deal/

https://archive.ph/226PQ

https://www.coindesk.com/business/2023/06/30/bitcoin-miner-hive-blockchain-touts-privacy-of-ai-models-running-on-its-gpus/

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

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

TIMESTAMPS:

00:00 Start

01:53 Miner's pivot to AI

12:08 Bored Ape

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 Blake King, Power Markets Engineer at Galaxy Digital. We discuss how ERCOT works, what signals energy traders look for and how battery and Bitcoin mining loads interact on the grid.

Blake King: https://twitter.com/hhornblower95

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

TIMESTAMPS:

00:00:00:00 Start

00:01:38:17 Hot in Texas

00:03:55:03 ERCOT

00:08:21:01 Demand calculations

00:10:44:29 What signals are miners looking at

00:14:19:17 Renewable issues & day ahead costs

00:19:24:06 Process for forward pricing

00:23:14:21 What to expect this summer

00:27:59:25 Flexible residential loads

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 Frank Holmes and Aydin Kilic of Hive Blockchain to discuss their recent ASIC acquisitions and jump into AI processing.

https://hiveblockchain.com

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

TIMESTAMPS:

00:00 Start

01:11 Pivot to AI

02:34 Ordinals

04:09 Balance sheet

06:03 ASIC ROI

11:18 6 exahash by year end

14:46 Uncommon sats

16:10 Greenhouse project

18:52 GPUs

21:16 Hive cloud

26:17 Super micro servers

28:50 AI profitability vs 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://www.linkedin.com/company/compassmining

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

Today we are joined by Jason Goodman Co-Founder of Bathhouse a thermal bath & spa facility in New York that utilizes Bitcoin mining to heat their pools. We discuss infrastructure, energy costs and public reaction to learning the source of their heat. 

Instagram: https://instagram.com/bathhouse

Location: 103 N 10th St, Brooklyn, NY 11249

Booking: https://na.spatime.com/abh11249/73814252/home

Jason Goodman: https://www.linkedin.com/in/jason-goodman-422780192

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

TIMESTAMPS:

00:00 Start

00:26 When the story was posted

04:58 Jason's story

07:01 Immersion setup

13:50 Temps & heat loss

17:20 Planning

23:28 I'll never buy another pool heater

24:08 Energy costs

27:49 Treasury management

28:57 Other heating ideas

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 Justin Orkney, Mining. Commercial Director at Standard Power. We discuss building a one gigawatt site in Ohio, nuclear power, and the future of demand response in North America.

https://twitter.com/StandardPower

Justin Orkney: https://twitter.com/jorkney5

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

03:08 What is Standard Power?

09:59 Ohio nuclear site

13:59 Community response

16:33 From Duke Energy to BTC mining

21:24 What's unique to BTC mining?

27:24 Finding a job

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 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