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

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LISTEN

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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

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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 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

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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

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Today we are joined by Matt Lousteau of Luxor Technologies to discuss their newest firmware, LuxOS. We discuss the reason for making the firmware, its benefits and options for onboarding to the firmware.

https://luxor.tech/firmware

Matt Lousteau: https://twitter.com/tdr_mlousteau

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

TIMESTAMPS:

00:00 Start

01:36 Mining pool configurations

05:11 Luxor as a full stack solution

06:45 Firmware counterparty risk

08:06 Functions of 3rd party firmware

11:13 Future Luxor tech stack

12:22 Hashrate splitting

13:55 LuxOS fees

15:39 When Whatsminer?

16:51 Any tech problems with Whatsminer?

20:13 Who is the customer?

21:15 Electricity curtailment applications

23:38 Antminer problems

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

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In this week’s news roundup, we talk about the Bitcoin whitepaper begin hidden deep in MocOS, Foundry ending its free services and Paxful shutting down.

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

STORIES

https://www.coindesk.com/tech/2023/04/06/hidden-inside-macos-the-bitcoin-whitepaper

https://www.bloomberg.com/news/articles/2023-04-06/dcg-s-bitcoin-mining-firm-foundry-to-stop-offering-free-services

https://www.coindesk.com/business/2023/04/04/peer-to-peer-bitcoin-exchange-paxful-to-suspend-operations

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

01:28 MacOS Bitcoin whitepaper

02:48 Foundry new fee

04:29 Paxful shuts down

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

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Today we are joined by Marko Tarman of Nicehash. We discuss how it operates, solo miners finding blocks on Nicehash and why operators might want to sell hashrate into a marketplace.

https://www.nicehash.com

Marko Tarman: https://twitter.com/MarkoTarman

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

TIMESTAMPS:

00:00 Start

01:17 Single block winner

03:55 Cost to rent hashrate?

05:27 History of Nicehash

06:38 Effect of ETH merge

08:27 How it works?

13:07 Who's buying?

15:31 MEV on Nicehash?

16:50 Who are the sellers?

18:20 Fluctuations of hash supply recently?

19:31 Profits over spot price?

22:31 5-10% profit for miners

25:47 Competitors?

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

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Today we are joined by Rete Browning & Isaac Fithian from Cathedra to discuss their recent underclocking study, what it means for efficiency, profitability and rig lifespan.

https://twitter.com/cathedrabitcoin/status/1624086205485707264

https://cathedra.com

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

TIMESTAMPS:

00:00 Start

01:32 Underclocking experiment

07:51 Testing the underclocking

13:23 Frequency vs Voltage

19:27 The role of temperature

24:27 What is Catherdra doing with the results?

29:21 Software for underclocking?

32:05 Implications?

35:10 Importance of real world testing

36:21 Perception of machine lifespan

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
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Today we discuss Foreman’s product stack, how integrating automation and intelligence into mining increases hashrate and how middleware providers are thinking about energy markets.

https://foreman.mn/

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

SPONSOR:

https://foundryacademy.com

TIMESTAMPS:

00:00 Start

01:24 What is Foreman?

02:49 How to use it?

05:44 Monitoring your whole ecosystem

10:13 Problems pulling data

15:01 Scaling your miner count

19:38 Quick remote diagnostics

22:14 Balancing the electrical grid with miners

32:59 What's Foreman working on?

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

Anchor https://bit.ly/3rmb7UF

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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In this week’s news roundup, we talk about the BlockFi Hindenburg Report, the BitDeer SPAC, Greenpeace “change the code” campaign (LOL), and Bankless Bros contemplate war…. seriously…. you can’t make this stuff up.

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

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

STORIES

https://www.theblock.co/post/222314/blockfi-sells-physical-mining-assets-amid-bankruptcy

https://www.sec.gov/Archives/edgar/data/1853084/000110465923035915/tm2135137-55_prer14a.htm

https://www.coindesk.com/business/2023/03/23/jack-dorseys-block-tumbles-17-after-short-seller-hindenburgs-report/

https://twitter.com/wsfoxley/status/1639007316371709959

https://twitter.com/pledditor/status/1639124930720563201

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

01:07 Hindenburg Block Report

04:10 BlockFi sells rigs

05:48 Bitdeer

07:24 Greenpeace nonsense

10:51 Bankless bros & war 🤡

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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