The Mining Pod | Blockspace Media

News is back! We talk about Marathon testing in prod, Bitmain and others new ASICs and Casey Rodarmor’s newest protocol (or blog turned protocol) Runes!

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We speak with Chain Reaction co-founder Alon Webman about his new Israeli startup building Bitcoin ASICs. We discuss his background at Mellanox Technologies, purchased by Nvidia for $7 billion in 2019, to forming Chain Reaction and taking on the incumbent players in Bitcoin mining.

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Welcome back to the show! Today we are joined by Barun Kar and Rajiv Khemani of Auradine, a new Bitcoin miner manufacturer to talk about their new 4nm Bitcoin miner. 

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Welcome back to the show! Today we are joined by Dylan LeClair of BTC Inc. to talk about his viral tweet concerning Bitcoin’s ‘security budget,’ macro flows into Bitcoin, and how mining stocks are poised for a breakout (after a recession, Dylan says).

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Welcome back to the show! A few things to announce:

The show is now independent. If you'd like to reach me, email [email protected]. Second, we now have sponsors! Give our sponsors some love and reach out if you are interested in sponsoring! Lastly, we are giving away free hashrate to celebrate the another season of the podcast. Subscribe to our email list to be entered!

https://theminingpod.substack.com/

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Today we are joined by Alen Makhmetov a miner in Kazakhstan to talk about the realities of operating in that country.

Alen Makhmetov: https://twitter.com/alenmakhmetov

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

00:48 Alen profile

02:49 Mining in Russia

03:56 Mining is Kazakhstan

05:05 New regulation

07:13 Energy landscape

08:33 On-grid mining ops

09:35 China ban effect

11:47 Grid outages

15:09 4 points of new laws

17:16 National mining pool

20:34 Russia war

22:16 Importing ASICs

23:41 Russia energy cost

25:15 Crypto payments in ops

26:03 Future of mining in K and R

27:44 Large miners in K

28:25 Will R increase mining

29:14 The halving

MINE

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

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LISTEN

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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

FOLLOW

Twitter: https://twitter.com/compass_mining

LinkedIn: https://linkedin.com/company/compassmining

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Today we are joined by Anthony Power to go over June’s monthly mining numbers. 

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

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

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

TIMESTAMPS:

00:00:00 Start

00:02:40 Mining Metrics

00:04:40 Texas Energy Challenges

00:05:54 Full CP Program Benefits

00:07:35 Mining Stock Surge

00:09:09 Market Cap Disparities

00:10:05 Clean Spark & Cipher Momentum

00:11:56 Preparing for the Halving

00:13:28 Potential Breakout Miners

00:14:46 TerraWulf & Clean Spark Potential

00:16:22 Market Cap Considerations

00:17:57 Potential Mergers Impact

00:19:18 Investing in New Miners

00:21:14 Potential Valuation Shifts

00:23:09 Market Focus on Production

00:24:53 Importance of Financial Metrics

00:25:12 Q1 Analysis

00:26:11 Bitcoin Margin

00:27:33 Good Cash Costs

00:30:06 Bitcoin Production

00:31:20 Bitfarms Steady

00:32:13 DMG's Poor Month

00:33:27 Argo's Immersion Cooling

00:35:40 Twitter Questions

00:36:03 Actual All-in Cost?

00:38:15 Positive EPS in Q2?

00:40:09 Potential Mergers

00:49:29 Conclusion

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

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

Today we are joined by James McAvity, CEO of Cormint about their new yield product, immersion, and the realities of mining in Texas.

https://cormint.com

James: https://twitter.com/jamesmcavity

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

TIMESTAMPS:

00:00 Start

01:12 James background

02:43 Cormint background

05:07 Why immersion?

06:44 Balance Sheet

08:47 Yield on BTC

10:47 Yield product details

13:38 Wind power + debt

16:56 Why not more traditional capital raise?

19:26 Ordinal war bond

21:02 Community response to ordinals

24:26 IPO?

27:38 Future of Texas energy

31:42 ERCOT, heat, dust.. oh my!

34:55 Wrap

36:23 Dogecoin is the final boss

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 the hashrate and how it don’t give a f^#$, Binance laying off 1000 people and XRP gets some news in it’s case.

https://mempool.space/mining

https://www.coindesk.com/business/2023/07/14/binance-cut-1000-workers-in-recent-weeks-wsj

https://www.coindesk.com/consensus-magazine/2023/07/13/ripple-labs-ruling-throws-us-crypto-token-regulation-into-disarray/

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

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

TIMESTAMPS:

00:00 Start

01:01 Hashrate go up

03:03 Public miners at 25%

04:45 Binance cuts 100 staff

07:35 XRP trading surges

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 Karim Helmy, an independent researcher. Karim walks us through his novel use of nonce analysis to study the ASIC topography of the Bitcoin network and energy footprint.

https://twitter.com/karimhelpme/status/1668592283871244288

https://coinmetrics.io/special-insights/bitcoin-nonce-analysis

Karim Helmy: https://twitter.com/karimhelpme

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

TIMESTAMPS:

00:00 Start

00:47 What is nonce analysis?

03:19 Karim's nonce research

06:29 Why aren't the chips random?

08:10 Why are models showing before their release date?

10:22 Top rigs mining the network

12:56 Antminer dominates the chart

13:57 Energy draw of the network

18:03 Is Cambridge obsolete?

21:02 Data next steps

23:21 Using data to inform purchasing times/prices?

24:31 Charting new machines

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