The Mining Pod | Blockspace Media

Today we are joined by Frank Holmes and Aydin Kilic of Hive Blockchain. We talk about Hive’s 2022 including Ethereum mining and the Intel-based Buzzminer. Mainly we focus on Hive’s corporate culture, including its dedication to efficiency, maintaining margins and controllable risks.

https://www.hiveblockchain.com/

https://twitter.com/HiveBlockchain

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

TIMESTAMPS:

00:00 Start

00:55 Leadership change at Hive

04:50 Hive operations & new CEO

07:44 ETH mining change & new chips

13:07 4722 BTC equivalent mined

14:52 Texas is a crowded market now

16:22 Scaling past 10k+ ASICs

25:31 Intel chips & building a new miner

32:37 Not making miners

34:51 2023 & beyond

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

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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Twitter: https://twitter.com/compass_mining

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

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In this week’s news roundup, we talk about the SEC staking announcement, Kazakh Mining & Ordinal Theory.

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

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

STORIES

https://www.coindesk.com/policy/2023/02/07/kazakhstans-president-signs-legislation-to-limit-energy-usage-of-crypto-mining/

https://www.coindesk.com/policy/2023/02/09/kraken-agreed-to-shutter-crypto-staking-operations-to-settle-sec-charges-source/

https://cointelegraph.com/news/argo-ceo-follows-resignation-trend-after-company-acquisition-by-galaxy-digital

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

01:27 Staking go bye bye

05:08 Kazakhstan energy limit

08:34 Argo CEO resigns

11:23 Ordinals

20:37 ETH vs BTC NFTs

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 Tyler Page, CEO of Cipher Mining. We talk about Cipher’s capital strategy, machine purchases and growing its operational footprint across Texas.

https://www.ciphermining.com

https://twitter.com/cipherinc

Tyler Page: https://twitter.com/rftylerpage

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

TIMESTAMPS:

00:00 Start

01:20 What is Cyphermining?

06:09 Working with equity groups

08:37 Timing hardware buys

12:41 Bull market pressure to get rigs online

15:29 Managing hardware manufacturers

17:38 Building facilities

22:01 Managing "behind the meter" facilities

24:30 Jobs in mining

26:10 Putting 6 exahash online

28:58 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 miners restructuring, Giga raising $10M and Riot staffing changes.

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

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

STORIES

https://compassmining.io/education/bitcoin-mining-shares-dilution/

https://seekingalpha.com/news/3930940-bitcoin-miner-riot-platforms-chief-commercial-officer-leaves

https://www.theblock.co/post/208109/bitcoin-mining-infrastructure-startup-giga-energy-raising-10-million-in-series-a

https://www.coindesk.com/business/2023/02/03/core-scientific-to-hand-crypto-mining-rigs-to-nydig-to-extinguish-386m-in-debt/

https://www.businesswire.com/news/home/20230201006127/en/TeraWulf-Announces-Beneficial-[…]8TsFlWC94i5bShFoukL9Gk5koy58LEUpvQpH4uhrDreVaSuMjrJS3dDw==

https://www.bloomberg.com/news/articles/2023-02-02/bitcoin-btc-rebound-gives-crypto-miners-chance-to-renegotiate-debt

https://braiins.com/blog/debt-capital-markets-in-bitcoin-mining-part-1

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

01:35 Miners Renegotiate Debt

04:41 Core Scientific Debt

06:53 Giga raises $10M

09:13 Riot CCO leaves

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Hot Bitcoin NFT (Ordinals) talk on today's show. What are they? How are they possible? Is Bitcoin doomed? Find out.

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

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

TIMESTAMPS:

00:00 Start

00:12 Intro

01:21 Intro

01:40 NFTs on BTC?

03:06 What is an ordinal?

05:11 Tracking & fungibility of BTC

07:07 Storing data on chain

08:19 OP_RETURN

11:52 Taproot transaction types

15:59 Why is on chain data bad?

18:30 Pruning the data on nodes

20:14 Community response

22:16 What is Bitcoin for?

28:12 Other use cases for on chain data storage?

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 Greg Beard, CEO of Stronghold Digital Mining. Greg and I discuss Stronghold’s use of waste coal to clean up Pennsylvania and mine Bitcoin, how Bitcoin mining incentives land reclamation and the mining economics of vertical integration.

https://strongholddigitalmining.com/

Greg Beard: https://www.linkedin.com/in/greg-beard-682047142

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

TIMESTAMPS:

00:00 Start

00:28 Intro

01:03 Stronghold business

02:20 Power from coal waste

06:58 Special power plant

12:53 Scale or the problem / solution

17:07 Why Bitcoin mining?

21:21 Mining economics w/ vertical integration

26:04 Subsidies & carbon credits

26:59 Deciding when to switch revenue streams

29:25 Predicting energy price volatility

35:40 Local community reaction

37:15 Environmentalist pushback?

40:17 Bitcoin community reaction

43:31 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

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This week we talk about Cleanspark compensation, Blockstream raises $125 million, Celsius stores mining units, Hut 8 goes to court and Marathon looks international.

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

STORIES

https://www.sec.gov/ix?doc=/Archives/edgar/data/1507605/000149315223002672/form8-k.htm

https://www.prnewswire.com/news-releases/hut-8-provides-update-on-north-bay-facility-301731278.html

https://www.theblock.co/post/205100/celsius-to-store-20000-mining-machines-remains-optimistic-about-new-hosting-sites?utm_source=rss&utm_medium=rss

https://www.coindesk.com/business/2023/01/24/crypto-infrastructure-firm-blockstream-raises-125m-for-bitcoin-mining/

https://twitter.com/RG_Leachman/status/1618405923910987778

TIMESTAMPS:

00:00 Start

00:44 Cleanspark Exec comp is actually $6M

02:53 Blockstream raises $125M

04:18 Celsius 200 rigs offline

05:22 Hut 8 North Bay facility

06:25 Marathon

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 on the show we are joined again by mining analyst Anthony Power. We discuss mining stocks ripping into the green, news updates and the dangers of debt and dilution.

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

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

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

TIMESTAMPS:

00:00 Start

00:23 Intro

01:15 Stock performance

12:07 Why are some stocks outperforming?

19:19 Equity dilution

24:00 The cost of debt

29:24 Small miners

35:04 Hashrate growth per company

41:29 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 Genesis Capital’s Chapter 11 bankruptcy filing, DCG selling its assets and the mixed reactions to Bitcoin mining across the United States.

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

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

STORIES

https://www.coindesk.com/business/2023/01/20/genesis-owes-over-35b-to-top-50-creditors/

https://www.cnn.com/2023/01/19/us/north-carolina-crypto-mine-noise-weir-wxc/index.html

https://bitcoinmagazine.com/legal/new-hampshire-commission-recommends-bitcoin-mining

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

00:56 Genesis bankruptcy

08:04 New Hampshire looking to mining to grid balance

09:02 Don't mine near people!

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 John Light to discuss how the novel introduction Validity Proofs to Bitcoin could increase mining fee revenues. We also get into the costs for full nodes and if there’s a silver bullet scaling solution.

https://hrf.org/zkrollups

John Light: https://twitter.com/lightcoin

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

TIMESTAMPS:

00:00 Start

00:27 Intro

01:08 Human Rights Foundation Grant

03:41 What's the problem?

06:29 Validity proofs

11:40 Architecture needed to work

14:07 Scaling vs Tx throughput

17:04 What's this mean for miners?

22:23 Higher throughput & cheaper fees?

28:12 Burden for full nodes

38:44 Full node storage costs

45:12 Other solutions

52:52 Promoting new optionality

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