The Mining Pod | Blockspace Media

In this week’s news roundup, we talk about the FDIC & the Big Bad Banks, Luxor launches new mining firmware to compete with Braiins, Fidelity quietly launches it’s crypto market and the mempool filling up with JPEGs.

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

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

STORIES

https://bitcoinmagazine.com/business/luxor-launches-bitcoin-miner-firmware-made-in-the-u-s

https://www.theblock.co/post/220298/fidelity-crypto-quietly-went-live-giving-millions-of-retail-customers-access-to-bitcoin-ether

https://www.coindesk.com/policy/2023/03/17/fdic-denies-report-signature-bank-purchaser-must-divest-crypto/

https://twitter.com/ewarren/status/1636488503197413377

https://twitter.com/TikTokInvestors/status/1636522652545458176

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

04:01 LuxOS new firmware

06:27 Fidelity Crypto

09:53 FDIC & Signature Bank

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Today we discuss Cleanspark’s current financials, adding hashrate quickly, buying S19j Pro+ over S19 XPs, stock compensation and future growth plans outside the US.

https://cleanspark.com

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

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

🎥 TIMESTAMPS:

00:00  Start

00:38  Intro

01:14  Q4 financials

03:45  Investor communications

06:40  Executive compensation

13:43  9.4 exahash target

17:39  Why smaller facilities?

21:37  Redundancy for multiple sites

26:40  Why S19 not XPs?

30:37  Mining in US vs global

33:59  Last 6 months summary

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 mining analyst Anthony Power to talk about February's public miner performance. We discuss the chaos in the banking sector, big deployments from Marathon and others and some new metrics to be aware of.

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

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

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

TIMESTAMPS:

00:00 Start

01:11 Is Binance responsible for the pump?

10:46 Hashrate Utilization

20:53 HODL vs Sold

21:30 Production by EH/s

26:05 Economy of scale

37:38 Developing new metrics

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 covering SVB being taken over by the FDIC, the Biden administration proposing a 30% miner tax, Block publishing a miner development kit and call for input, and ePIC’s new mining hardware based on Intel technology.

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

STORIES

https://education.compassmining.io/education/bitmain-changed-its-asic-design-miners-need-to-be-ready/

https://www.niagara-gazette.com/news/local_news/judge-signs-contempt-order-directing-u-s-bitcoin-to-cease-operations-in-the-falls/article_ca7e7c58-ba24-11ed-9a33-6706cd141cd1.html

https://www.coindesk.com/business/2023/03/08/canadian-crypto-miner-powre-lands-100-mw-contract-in-paraguay/

https://www.mining.build/the-mining-development-kit-unlocking-innovation-in-bitcoin-mining/

https://www.coindesk.com/policy/2023/03/09/us-treasury-department-proposes-30-excise-tax-on-crypto-mining-firms/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

00:53 SVB collapse

02:20 30% excise tax proposal

04:15 MDK - Mining Dev Kit

05:14 100MW Paraguay dam contract

06:12 Niagara mining judgment

07:34 New ASIC miner

08:43 Bitmain ASIC design change

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

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Today we are joined by David Kemmerer, co-founder of CoinLedger, to discuss crypto taxes. We go over what you need to know including taxable income, cost bases and mining specific questions.

https://coinledger.io/

David Kemmerer: https://twitter.com/david_kemmerer

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

TIMESTAMPS:

00:00 Start

01:26 Coinledger Intro

03:27 Why use Coinledger?

06:28 Common questions

08:31 Reporting losses

11:58 Ordering taxable events

17:30 Mining taxes

19:39 Hobby miners

21:55 Tax loss harvesting

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’re going offroad from Bitcoin mining into an adjacent subject, decentralized storage. We are joined by Bill Schreckenstein, an engineer at Protocol Labs focused on building a decentralized alternative to cloud computing such as AWS.

Bill gives us the inside scoop on Filecoin–a decentralized network for storing data. We talk about the actors, the economics and how it compares to Bitcoin mining.

https://filecoin.io/

Bill Schreckenstein:https://www.linkedin.com/in/billschreckenstein

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

TIMESTAMPS:

00:00 Start

01:18 Bill's bio

05:26 Filecoin ecosystem

09:41 Adding capacity to the network

11:36 Slashing

12:50 FIL token & monetary rewards

16:50 Customer base?

21:06 Becoming a Filecoin storage provider

24:31 It's NOT like 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://www.linkedin.com/company/compassmining

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

Today we are joined by Andy Long, CEO of White Rock Management. A Bitcoin mining OG, Andy walks us through the current mining landscape, his long term mining thesis and a primer on European mining opportunities.

https://wrm.swiss/

Andy Long: https://twitter.com/longandy

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

TIMESTAMPS:

00:00 Start

01:42 Andy Long Bio

04:29 It's all about the difficulty adjustment

09:27 Surplus ASIC supply

11:59 Near future predictions

15:07 Has the cycle changed?

20:27 The halving & energy prices

25:45 Mining in Europe

28:49 Mining in the US

32:33 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

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

In this week’s news roundup, we talk about the Fed denying Costodia’s banking application, friendly mining regulation making it’s way through Montana’s legislature, and a school employee putting miners in a crawlspace to leach electricity, sneaky, sneaky.

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

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

STORIES

https://www.coindesk.com/policy/2023/02/23/crypto-bank-custodias-bid-for-fed-supervision-rejected-again/

https://www.coindesk.com/policy/2023/02/23/montana-senate-passes-bill-protecting-crypto-miners/

https://www.msn.com/en-us/news/crime/cryptocurrency-mine-secretly-operated-inside-mass-school-crawlspace-police-say/ar-AA17OFJa

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

00:51 Custodia banking denial

04:54 Montana friendly mining regulation

07:08 Employee stealing electricity

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 Brian Morgenstern, head of public policy at Riot Platforms. Brian recently joined Riot to advocate for the Bitcoin mining industry in Washington DC. We talk about the recent SEC crackdown on staking, operation choke point 2.0 and opportunities for policy makers.

https://www.riotplatforms.com

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

TIMESTAMPS:

00:00 Start

01:14 Kraken SEC judgment

04:40 Kraken staking product vs mining

07:05 Brian background

10:19 Bitcoin policy lobbyists

15:31 State vs federal policy focus

17:15 Energy narratives

21:27 Risks and opportunities

27:18 Operation Chokepoint 2.0

33:08 Rationale behind Chokepoint

37:16 Future opportunities

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

In this week’s news roundup, we talk about Core Scientific flying high (literally) in private chartered jets, Blockchain.com’s loss connected with the Three Arrows Capital debacle, and WSJ uses a clickbait headline to detail mundane Bitcoin open sources processes that zero normies will understand. Good times.

Colin Harper: https://hashrateindex.com/blog/author/colin/

Colin Harper: https://twitter.com/asilayhodling

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

STORIES

https://www.coindesk.com/business/2023/02/17/crypto-miner-core-scientific-paid-more-than-1m-to-ceo-affiliated-personal-jet-company/

https://decrypt.co/121627/blockchain-com-shopping-assets-to-fill-270m-hole-from-three-arrows-capital-sources

https://archive.is/Q03au

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

01:36 Core Scientific Jet Company

05:44 Blockchain.com's 3AC Loss

11:20 WSJ: 6 Mysterious Coders

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