Matt Kimmell of CoinShares and I talk about the 12% difficulty increase, Greyscales new mining product, miners raising capital and the latest in Compute North’s chapter 11.

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

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

STORIES

https://www.coindesk.com/business/2022/10/06/grayscales-new-venture-aims-to-capture-bear-market-opportunities-in-bitcoin-mining/

https://www.finsmes.com/2022/09/aspen-creek-digital-raises-8m-in-series-a-funding.html

https://www.coindesk.com/business/2022/10/06/bitcoin-miner-marathon-invested-313m-in-bankrupt-data-center-compute-north/

https://www.theblock.co/post/175143/greenidge-seeks-to-raise-up-to-22-8-million-in-stock-offer

https://compassmining.io/education/miners-face-millions-in-debt-payments-as-revenues-dry-up/

https://data.hashrateindex.com/network-data/btc

TIMESTAMPS:

00:00  Start

00:24  Intro

01:49  12% upward difficulty adjustment

06:20  Grayscale new mining product

09:20  Aspen Creek Digital fund raise

13:09  Greenidge

16:46  Marathon

MINE

Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1

WATCH https://youtube.com/c/CompassMining?sub_confirmation=1

LISTEN

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Spotify https://spoti.fi/3tSf9G1

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Fountain https://bit.ly/3NeNTec

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Today we are joined by Zach Bradford, CEO of Cleanspark. Cleanspark is a publicly listed mining firm which has been leveraging its treasury model to scoop up distressed assets. We talk about treasury management, buying discounted contracts and energy rates.

https://cleanspark.com

Zach Bradford: https://twitter.com/zachkbradford

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

🎥 TIMESTAMPS:

00:00  Start

01:06  CleanSpark

04:43  CleanSpark contracts

08:20  Hardware

10:32  Energy contracts

14:00  Stock valuations

20:08  Energy rates and clean energy

24:50  Treasury strategy

27:27  Cash on hand or credit?

30:14  Operations

32:55  Hashrate prediction

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

Happy hashing! 🤝

#Bitcoin #BitcoinMining

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Matt Kimmell of CoinShares joins me again to talk about hashprice, difficulty, Celsius mining filing suit against Core Scientific and Rhodium testing public markets.

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

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

STORIES

https://www.theblock.co/post/173475/bitcoin-mining-difficulty-falls-2-14-after-four-consecutive-increases

https://www.coindesk.com/business/2022/09/29/bitcoin-miner-rhodium-going-public-through-reverse-merger-with-silversun-technologies

https://arcane.no/research/most-public-bitcoin-miners-have-racked-up-losses-in-their-lifetimes

https://data.hashrateindex.com/network-data/btc

🎥 TIMESTAMPS:

00:00  Start

00:23  Intro

00:47  Difficulty & hashprice

02:59  Celsius lawsuit

11:06  Arcane: Miners Negative Earnings

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

Happy hashing! 🤝

#Bitcoin #BitcoinMining

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We sat down again with Mark Rossano of C6 Capital Holdings to talk about energy markets - both international and domestic. We go through PPAs and the crazy California ISO.

Mark Rossano: https://twitter.com/markfny

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

🎥 TIMESTAMPS:

00:00  Start

00:27  Intro

02:32  NatGas International Markets

07:31  Summer vs. Winter

11:03  Governments & energy prices

16:34  Countries swapping providers

19:16  Politicians stepping in

30:16  California energy problems

34:56  California vs. Texas

38:13  Bitcoin miner PPAs

43:24  Energy price prediction

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

Happy hashing! 🤝

#Bitcoin #BitcoinMining

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Today we are talking news with Matt Kimmell of CoinSharees including Compute North filing Chapter 11 bankruptcy, Stakefish slashing 25% of its staff and Bitmain lowering ASIC prices by 30%.

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

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

STORIES

https://www.coindesk.com/business/2022/09/22/crypto-mining-data-center-provider-compute-north-files-for-bankruptcy-protection/

https://www.coindesk.com/business/2022/09/23/bitcoin-miner-marathon-digital-downgraded-at-btig-on-headwinds-from-compute-norths-bankruptcy/

https://www.coindesk.com/business/2022/09/23/ethereum-merge-vastly-increased-stakefishs-profile-but-25-of-its-employees-are-gone-anyway/

https://www.coindesk.com/business/2022/09/21/bitmain-discounts-bitcoin-mining-machines-in-an-already-depressed-market/

https://data.hashrateindex.com/network-data/btc

🎥 TIMESTAMPS:

00:00 Start

00:29 Intro

00:41 Compute North

09:39 Stakefish layoffs

15:44 Bitmain discounts

22:22 Hashprice

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

Happy hashing! 🤝

#Bitcoin #BitcoinMining

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Today we are joined by Arcane Research analyst Jaran Mellerud to talk about Arcane’s new report, “How Bitcoin mining can transform the energy industry.” We discuss Bitcoin mining’s novel features, the economics of renewable energy and underrated positive externalities.

Summary

https://compassmining.io/education/how-bitcoin-mining-can-transform-the-energy-industry-arcane-research/

Full Report

https://arcane.no/research/how-bitcoin-mining-can-transform-the-energy-industry-new-report

Jaran Mellerud: https://twitter.com/JMellerud

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

🎥 TIMESTAMPS:

00:00  Start

00:26  Intro

01:08  Bio

03:51  Report: How Bitcoin Mining Can Transform the Energy Industry

12:26  Nonflexible Load

17:16  The Paris Accords & Demand Response

22:33  Energy markets

24:41  Bitcoin vs. Other Excess Uses of Energy

28:59  BTC + Renewables Operations

35:07  Flare gas miners]

39:38  Heat collection

46:24  Changing the BTC narrative

48:50  Hashrate prediction

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

Happy hashing! 🤝

#Bitcoin #BitcoinMining

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Welcome back to the Mining Pod. Today we are joined by Matt Kimmell of CoinShares to go over this week’s news. We talk about the Ethereum Merge, Poolin issuing IOU tokens and a new report from Chainalysis showing crypto adoption in 2022.

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

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

🎥 TIMESTAMPS:

00:00  Start

00:25  Intro

01:58  Hot takes on the ETH merge

06:15  Other aspects of the merge

09:09  Energy weight vs financial weight

12:03  BTC vs ETH narratives

15:36  ETH is not like BTC

20:01  Poolin IOU tokens

24:57  Chainalysis Report

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

Happy hashing! 🤝

#Bitcoin #BitcoinMining

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

In this episode we talk with Ethan Vera from Luxor about the Ethereum 2.0 merge and its impact on proof of work miners.

Ethan Vera: https://twitter.com/ethan_vera

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

🎥 TIMESTAMPS:

00:00  Start

00:27  Intro

02:07  Terminal difficulty vs block height

05:25  Technical thoughts

06:42  Why no POW fight?

09:19  Why are miners still mining?

12:50  ETH POW & Luxor

14:49  ETH POW chain?

17:05  GPU hashrate switch?

18:24  Miner hostility other chains

21:46  Switching to rendering & AI?

25:27  NVIDIA & AMD stocks

26:37  Validator pools

31:50  Merge predictions

33:03  BTC hashrate prediction

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

Happy hashing! 🤝

#Bitcoin #BitcoinMining

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

Just a little update on the show.

Matt Kimmell is a Researcher with Coinshares and in the episode we talk about RIOT’s lawsuit vs GMO, Argo partnering with Intel, and Bitmain’s new low interest rate loan program.

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

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

🎥 TIMESTAMPS:

00:00  Start

00:35  Intro

01:47  Bio

02:12  RIOT vs GMO lawsuit

10:09  Mining going mainstream (Vice)

19:19  Argo & Intel

21:36  MARA selling machines

28:06  Bitmain lending product

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

Happy hashing! 🤝

#Bitcoin #BitcoinMining

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