China can’t stop bitcoin mining with Colin Harper
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Show Notes
In this episode, Colin Harper sheds light on the surprising insight that 10% - 20% of the total network hashrate still resides in China, despite the ban on mining. He dives into the intricacies of bitcoin mining, discussing the 2024 halving's impact, block space demand from ordinals, the global flows of bitcoin ASICs, and the environmental myths surrounding bitcoin.
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TIMESTAMPS:
00:00:00 Intro
00:02:34 2024 Halving and miner capitulation
00:12:10 Will miners over use leverage again in the next bull market?
00:16:24 Did the China mining ban pause the 2021 bull run?
00:20:06 Hashrate derivatives?
00:28:06 Ordinals and block space
00:36:23 Time preference of block space usage
00:40:00 Global flows of bitcoin ASICs
00:44:53 Finding inexpensive energy in the US
00:51:15 Bitcoiners don’t actually hate the environment
00:54:27 Sovereign energy production
00:57:40 Is there still bitcoin mining in China?
01:01:18 Where do you see bitcoin and mining in 10-20 years?
01:05:18 Fiat is the experiment, not bitcoin
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→ Colin Harper’s Twitter: https://twitter.com/AsILayHodling
→ Joe Burnett’s Twitter: https://twitter.com/IIICapital