The Mining Pod | Blockspace Media

Today we are re-joined by Bitcoin mining OG Michael Carter (BitsBeTrippin). We talk about the Consumer Electronics Show in Las Vegas, deploying hashrate and ASIC prices.

Michael Carter: https://twitter.com/BitsBeTrippin

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

TIMESTAMPS:

00:00 Start

00:27 Intro

01:59 CES 2023

06:28 Cryptocurrency not Blockchain

10:04 GPU go bye bye

14:37 Becoming industrial scale miner

20:53 Difficulty adjustment history

26:55 Miner Revenue vs Yearly Average

34:08 ASIC Profit Per Day

41:23 AISC supply

44:58 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

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Gemini vs. Genesis vs. SEC the bankruptcy and securities showdown! Bitfarms possibly defaulting on a BlockFi loan. Alkimiya Raises $7M.

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

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

STORIES

https://www.coindesk.com/business/2023/01/13/bitcoin-miner-bitfarms-looks-to-amend-blockfi-loan-warns-of-default/

https://www.cnbc.com/2023/01/12/sec-charges-genesis-and-gemini-with-selling-unregistered-securities.html

https://www.coindesk.com/business/2023/01/12/alkimiya-raises-72m-funding-round-to-grow-cash-flow-hedging-protocol-for-miners-stakers/

https://cointelegraph.com/news/celsius-mining-arm-announces-1-3m-sale-of-equipment

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

00:12 Intro

01:08 Genesis investigation

05:42 BitFarms restructuring BlockFi loan

11:03 Celsius mining selling ASICs

12:19 Agora Digital no IPO

14:45 Alkimiya hedging protocol

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 Colin Harper and Jaran Mellerud of Hashrate Index to talk about their mega 2022 report. We go over machine prices, state-by-state energy comparisons, mergers and bankruptcies and hashrate projections for next year.

Hashrate Index: https://twitter.com/hashrateindex

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

Jaran Mellerud: https://twitter.com/JMellerud

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

TIMESTAMPS:

00:00 Start

00:26 Intro

01:33 Top thoughts for '22

04:38 '22 vs '18 Bitcoin cycle

07:42 S19 XP price premium

13:12 New-Gen hardware vs. immersion & overclocking

17:24 State by state power in the US

23:14 Regulatory risk vs cheap power

25:32 Canada vs US

00:27:42:16 Bankruptcies & acquisitions

00:32:07:23 Miners staying private for longer

00:36:33:09 Global mining outlook

00:48:13:01 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

Silvergate Bank hits some rough water and lays off staff, Marathon pays off revolving credit line, Core Scientific parts ways with Celsius, and Argo restructures its debt.

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

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

STORIES

https://www.coindesk.com/business/2023/01/05/silvergate-cuts-40-jobs-writes-off-diem-asset-acquisition/

https://www.bnnbloomberg.ca/crypto-miner-core-scientific-to-shut-37-000-celsius-rigs-1.1865410

https://www.coindesk.com/business/2023/01/05/bitcoin-miner-marathon-digital-pays-off-silvergate-revolving-credit/

https://finance.yahoo.com/news/argo-blockchain-plc-announces-transformational-070000486.html

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

01:30 Silvergate & Genesis

05:34 Marathon

07:23 Core Scientific & Celsius

11:51 Argo Blockchain

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 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

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

00:52 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

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

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

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 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

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

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 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

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

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 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

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 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

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

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