The Mining Pod | Blockspace Media

In part 1 of this two part episode, we are joined by Anthony Power to discuss November monthly mining updates.

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

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

00:39 Intro

01:00 Potential Agro bankruptcy

08:06 Bitfarms

13:09 Hut8

21:51 Riot

28:42 DMG & Digihost

32:53 Cleanspark

MINE

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

WATCH

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LISTEN

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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

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Argo may be filing for bankruptcy in the coming weeks. The Block CEO steps down amid news of undisclosed involvement with FTX. Riot causes a fuss by announcing a switch to their mining pool.

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

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

STORIES

https://www.bloomberg.com/news/articles/2022-12-09/bitcoin-miner-argo-s-arb-shares-suspended-while-revenue-declines

https://www.axios.com/2022/12/09/bankman-fried-funded-crypto-news-site-block

https://www.coindesk.com/business/2022/12/05/bitcoin-miner-riot-switches-mining-pool-after-falling-short-in-november/

https://mempool.space/mining

TIMESTAMPS:

00:00 Start

02:06 The Block & FTX

07:17 Thoughts on independent reporting

09:50 Argo potential bankruptcy

14:30 Riot vs Braiins

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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Today we are joined by Ryan Condron, CEO of Titan Pool. We talk about revenue strategies for small mining pools, building a trustless hashrate marketplace and why every large miner should run their own pool.

https://titan.io

Ryan Condrone: https://twitter.com/ryankcondron

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

TIMESTAMPS:

00:00 Start

00:52 Intro

01:33 Titan Pool

03:17 Titan Pool growth strategy

05:22 Hashrate product (lumerin?)

09:06 How enforceable are smart contracts w/ hashrate?

12:07 Reception by miners?

16:26 Hashrate marketplace efficiencies

19:58 Miner adoption & competition

25:06 Luck & profitability

31:16 BTC reserve depletion

33:52 Debt financing

37:39 Bear cycle

41:04 The tech is sound

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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News Roundup: Blockfi, Last Hodl Standing and Manitoba’s Mining Moratorium

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

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

STORIES

https://www.coindesk.com/business/2022/12/02/bitcoin-miners-ftx-contagion-exposure-may-amplify-industry-pain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

https://www.getrevue.co/profile/BlocksBridge/issues/miner-weekly-a-tale-of-two-mining-hodlers-1472954

https://www.coindesk.com/policy/2022/12/01/canadas-manitoba-province-enacts-18-month-moratorium-on-new-crypto-mining-reports/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

https://www.coindesk.com/policy/2022/11/28/ftx-fallout-continues-as-crypto-lender-blockfi-declares-bankruptcy/

https://mempool.space/mining

https://twitter.com/wsfoxley/status/1597783267528171520

https://bitcointreasuries.net/

TIMESTAMPS:

00:00 Start

01:33 Difficulty adjustment

06:34 BlockFi Bankruptcy

13:06 Hut8 & Marathon

16:43 Manitoba moratorium on new miners

18:55 Texas mining

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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Today we are rejoined by Zach Bradford of Cleanspark to talk about market sentiment, mining economics, ASIC prices and what to expect from the numerous Chapter 11 filings.

https://cleanspark.com

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

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

00:51 Intro

01:52 BlockFi Bankruptcy

04:48 Yield risks & volatility

08:26 Mining equities

11:08 Mining sector

14:05 New ASIC lows next 60 days

17:24 What's a good ASIC price?

18:11 Facilities

22:13 Evaluating facilities

25:11 Current financing market

31:18 Miner bankruptcy prediction

34:34 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

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Today we are joined by Glyn Jones, CEO of Ice Breaker Finance. Ice Breaker is a novel DeFi application merging miner financing with on-chain contracts. We talk about the mining credit crunch, what makes a good borrower and if ASIC backed loans will survive as a collateral type.

https://icebreakerfinance.biz

https://twitter.com/IcebreakerDeFi

Glyn Jones: https://twitter.com/glynjonesdefi

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

00:55 Intro

01:26 Icebreaker Finance

06:23 The value of DeFi for miners?

11:21 Collateral clawback?

18:22 Bad lending terms

23:04 Interest rates and LTV

32:09 Scale of the lending

34:48 ASIC Loans

39:00 Blending loan collateral

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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In this interview, we discuss competition among Bitcoin miners, building the world’s largest bitcoin mine during Covid, how to think about mining equities, the vertically integrated model, working with ERCOT, deploying S19 XPs and bear market mining strategies.

https://www.riotblockchain.com

Jason Les: https://twitter.com/jasonles_

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

00:58 Intro

01:50 FTX collapse

03:00 Relationships in the industry

06:48 Miners having trouble

09:11 Bad decisions in mining

14:00 Miner loans and rates

22:20 Building a massive mining site

26:24 Financing expansions

31:21 Risks of mining equity

34:07 The business model of mining

39:44 Working with ERCOT

44:23 ASIC market

49:35 BTC in a broader bear market

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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We discuss Marathon’s 2022 including the storm that knocked out its Hardin site, getting 9 EH/s online, EGS regulations, OFAC compliance, if the hosting model is broken or not, Marathon’s finance strategy and why Marathon hasn’t sold its Bitcoin.

https://marathondh.com/mining

Charlie Schumacher: https://twitter.com/charlieschu

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

TIMESTAMPS:

00:00 Start

00:35 Intro

09:33 Storm that knocked miners offline

14:02 MARA projecting only 9 exahash

18:49 Getting off coal as an energy source

23:32 Mining pools and OFAC compliance

30:56 ASIC hosting as a business model

36:39 Asset & counterparty risk

42:49 Next gen ASICs & efficiency

44:07 Financing & debt risk

46:04 Keeping BTC in reserve

00:51:26:01 MARA bear market strategy

00:55:16:05 Global energy 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

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We talk with Ray Nasser, CEO of Arthur Mining, about teaming up with power producers to utilize stranded renewable energy for Bitcoin mining.

https://arthurmining.com

Ray Nassar: https://br.linkedin.com/in/raymondnasser

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

TIMESTAMPS:

00:00 Start

00:23 Intro

05:40 Arthur Mining in Brazil

12:38 High cost of mining in Brazil

15:18 Energy sources

16:59 Brazil vs LatAm markets

20:36 Moving into US market

21:59 Bear market mining in Brazil

23:29 Off grid & wasted energy mining

25:12 Bear market strategies

27:42 Effects of big miners failing

29:53 Market prediction

33:00 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

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We talk about the bombshell that is FTX, the tail risks and what it means for the industry.

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

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

STORIES

https://www.coindesk.com/policy/2022/11/11/ftx-files-for-bankruptcy-protections-in-us/

https://twitter.com/ChainLinkGod/status/1590920559747272706

https://www.theblock.co/data/crypto-markets/structured-products/premium-of-gbtc

https://twitter.com/Edvis100/status/1591106598436761603

TIMESTAMPS:

00:00 Start

01:11 FTX files bankruptcy

08:21 BlockFi contagion

11:55 Broader market impacts

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