Today we are joined by Doug Lewin, President of Stoic Energy. We discuss the recent winter snap in Texas, what ERCOT is doing to fix the energy grid and how Bitcoin miners and other flexible loads fit into the Texas market.

https://douglewin.substack.com/p/2022-cold-snap-shows-resistance-is

https://linktr.ee/douglewin

Doug’s Podcast: https://www.renewableenergyworld.com/the-texas-power-podcast/

Doug Lewin: https://twitter.com/douglewinenergy

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

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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

00:52 Intro

01:36 Doug Lewin

02:21 Current state of the Texas grid

08:50 What energy source is to blame for failures?

11:13 Bad / Good Reductivity

15:56 House insulation & energy demand

22:15 Soulutions?

28:49 New power generation

34:46 Central planning of Texas grid

38:21 Energy storage

41:33 Bitcoin & critical flexible loads

44:03 2023 predictions

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Today we are joined by Phil Jankowski, a state reporter for Dallas News, to discuss Texas’ energy market problem. We talk about the new market rules lawmakers are debating, the outlook for Texas this winter and how Bitcoin miners fit into the picture.

Phil Jankowski: https://twitter.com/philjankowski

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

SPONSOR

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

00:53 Intro

01:18 Who is Phil?

02:19 Texas storm reaction

04:03 Why are solutions slow?

06:27 What entities are responsible?

12:13 Free market or not?

16:31 Proposals for grid change

22:19 Incentives during peak demand

24:12 New credit system model

28:22 Current progress

31:57 People's reaction

35:00 Demand on the grid

37:09 BTC mining demand

39:49 Miners paid for flexible load

41:17 The future

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On today’s show, we are joined by Paul Sztorc and Austin Alexander of Layer 2 Labs, a new Bitcoin company that raised $3 million to bring sidechains to the Bitcoin network.

https://layer2labs.com/

https://twitter.com/LayerTwoLabs

Paul Sztorci: https://twitter.com/Truthcoin

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

SPONSOR

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

01:10 Intro

01:44 Who is Paul?

02:50 Who is Austin?

04:33 ETH & Zcash on drivechains

07:10 What is merge mining?

10:08 The history of sidechains

20:49 Liquid vs sidechains

26:18 Cultural pushback against drivechains

32:53 Other scaling ideas

36:45 The BIP process

42:16 Wrap up

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Every week, Compass sends a memo to 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

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Watch as we go over the top highlights from Bitcoin mining's 2022 with the Coin Metrics team!

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Today we are joined by Sue Ennis, VP of Corp Development at Hut 8. We discuss Hut 8’s conservative growth strategy, building out alternative lines of revenue and hodling an 8,000+ Bitcoin stack.

Sue Ennis: https://twitter.com/bigsuey

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

SPONSOR

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

00:54 Intro

01:27 What is Hut 8?

02:47 2022 expansions

07:13 Diversified revenue

11:34 When to expand BTC operations?

13:05 Distressed asset acquisition

16:03 Expanding without selling BTC

19:25 Leveraging growth from BTC reserves

21:17 Cashflows vs reserves

25:26 Ontario news

28:21 New CFO

29:51 1-5 yr plan

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Every week, Compass sends a memo to 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

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Argo’s fat finger bankruptcy announcement retracted, Core Scientific gets a fresh cash injection and Bitmain releases new firmware but does it really make your miner more profitable?

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

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

STORIES

https://www.theblock.co/post/194747/bitcoin-mining-report-argo-blockchain-tumbles-38-after-bankruptcy-gaffe

https://bitcoinmagazine.com/business/core-scientific-lender-72-million-bailout

https://twitter.com/BITMAINtech/status/1602665283768188929

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

01:11 Argo leak update

03:01 Core Scientific

04:59 Bitmain firmware update

MINE

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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

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In part 1 of this two part episode, we are joined by Anthony Power to discuss November monthly mining updates.

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

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

SPONSOR

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

00:39 Intro

01:00 Potential Agro bankruptcy

08:06 Bitfarms

13:09 Hut8

21:51 Riot

28:42 DMG & Digihost

32:53 Cleanspark

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Every week, Compass sends a memo to 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

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Argo may be filing for bankruptcy in the coming weeks. The Block CEO steps down amid news of undisclosed involvement with FTX. Riot causes a fuss by announcing a switch to their mining pool.

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

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

STORIES

https://www.bloomberg.com/news/articles/2022-12-09/bitcoin-miner-argo-s-arb-shares-suspended-while-revenue-declines

https://www.axios.com/2022/12/09/bankman-fried-funded-crypto-news-site-block

https://www.coindesk.com/business/2022/12/05/bitcoin-miner-riot-switches-mining-pool-after-falling-short-in-november/

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

02:06 The Block & FTX

07:17 Thoughts on independent reporting

09:50 Argo potential bankruptcy

14:30 Riot vs Braiins

MINE

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Fountain https://bit.ly/3NeNTec

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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

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Today we are joined by Ryan Condron, CEO of Titan Pool. We talk about revenue strategies for small mining pools, building a trustless hashrate marketplace and why every large miner should run their own pool.

https://titan.io

Ryan Condrone: https://twitter.com/ryankcondron

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

TIMESTAMPS:

00:00 Start

00:52 Intro

01:33 Titan Pool

03:17 Titan Pool growth strategy

05:22 Hashrate product (lumerin?)

09:06 How enforceable are smart contracts w/ hashrate?

12:07 Reception by miners?

16:26 Hashrate marketplace efficiencies

19:58 Miner adoption & competition

25:06 Luck & profitability

31:16 BTC reserve depletion

33:52 Debt financing

37:39 Bear cycle

41:04 The tech is sound

MINE

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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

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News Roundup: Blockfi, Last Hodl Standing and Manitoba’s Mining Moratorium

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

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

STORIES

https://www.coindesk.com/business/2022/12/02/bitcoin-miners-ftx-contagion-exposure-may-amplify-industry-pain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

https://www.getrevue.co/profile/BlocksBridge/issues/miner-weekly-a-tale-of-two-mining-hodlers-1472954

https://www.coindesk.com/policy/2022/12/01/canadas-manitoba-province-enacts-18-month-moratorium-on-new-crypto-mining-reports/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

https://www.coindesk.com/policy/2022/11/28/ftx-fallout-continues-as-crypto-lender-blockfi-declares-bankruptcy/

https://mempool.space/mining

https://twitter.com/wsfoxley/status/1597783267528171520

https://bitcointreasuries.net/

TIMESTAMPS:

00:00 Start

01:33 Difficulty adjustment

06:34 BlockFi Bankruptcy

13:06 Hut8 & Marathon

16:43 Manitoba moratorium on new miners

18:55 Texas mining

MINE

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