The Mining Pod | Blockspace Media

Today we are joined by Anthony Power to go over May’s monthly mining numbers. We discuss standouts like Marathon Digital and Iris Energy, energy curtailment revenues, and predictions for the mining industry. https://compassmining.io/education/bitcoin-mining-stock-roundup-may-monthly-numbers/ Anthony Power: https://twitter.com/cazenove Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:26 Cost of BTC production 04:15 Energy contracts 06:35 Self mining updates 16:39 Terrawolf debt vs cost 22:25 Ordinals & curtailment 27:18 Market timing growth 38:41 Weather & temp 46:03 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 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 DMG’s Sheldon Bennet & Adrian Glover to talk about Ordinals. We discuss DMG’s mining profile, their carbon-neutral pool Terra, Inscriptions and uncommon satoshi mining. https://dmgblockchain.com Will Foxley: https://twitter.com/wsfoxley SPONSOR MinerMag is a research and data portal focusing on institutional bitcoin miners, consolidating company-level and network-wise data to produce coherent research articles on the state of bitcoin mining. https://theminermag.com TIMESTAMPS: 00:00 Start 01:40 DMG profile 07:12 Terrapool 13:36 Ordinals 15:57 Ordinals tech stack 18:03 Transaction ordering 20:06 Future of ordinals & utility 22:48 What ordinals mean for Bitcoin 25:45 Recursive & other types of ordinals 28:11 Shareholders 31:10 Value of software & zero fee pools 34:37 Ordering tnxs & MEV 36:12 Rare sats 38:35 Pricing ordinals services 39:55 Will other miners have ordinals business? 41:53 Devs considerations for ordinals 43:00 What's next for ordinals? 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://linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are talking about the Blockrock ETF, the Coinshares mining report, the new Blockstream mining rig and flare gas mining in Argentina with Crusoe Energy. Listener Survey https://docs.google.com/forms/d/e/1FAIpQLSdvmgIN36Uz8Xul73lNiLADM0vyUxHCuy5WKFDsgI1qiTznuw/viewform https://www.coindesk.com/tech/2023/06/13/bitmains-s19-bitcoin-miners-account-for-bulk-of-network-hashrate-says-new-research/ https://twitter.com/wolfiezhao/status/1668596600690851845 https://www.coindesk.com/tech/2023/06/13/bitcoin-infrastructure-firm-blockstream-to-unveil-its-long-awaited-mining-rig-in-3q-of-2024/ https://twitter.com/EricBalchunas/status/1669691447996456963 Charlie Spears: https://twitter.com/cbspears Tatum Turn Up: https://twitter.com/tatumturnup Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:52 Blackrock ETF 06:13 Damus debacle 07:08 Between Two ASICs 08:25 Blackrock again 10:26 Coinmetrics report 15:59 Blockstream miner 20:42 Iris Energy 25:31 Flare gas mining in Argentina 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 Jim Seto, CEO of ePIC Blockchain Technologies. We discuss designing the ePIC Blockminer, partnering with Intel and making mining rigs in North America. https://epicblockchain.io Jim Seto: https://www.linkedin.com/in/jim-seto-663149a Will Foxley: https://twitter.com/wsfoxley SPONSOR MinerMag is a research and data portal focusing on institutional bitcoin miners, consolidating company-level and network-wise data to produce coherent research articles on the state of bitcoin mining. https://theminermag.com TIMESTAMPS: 00:00 Start 01:26 Jim Seto Background 02:35 From chip fabrication to BTC 04:44 What is Epic? 08:19 The semiconductor landscape 13:09 Design vs. chip density 16:01 Nanometer are mostly marketing 19:37 Cost vs efficiency 21:55 Shipping before it's ready 24:03 Epic products 27:38 Intel partnership 30:51 Just buying chip challenges 34:30 Growing in a bear market 38:40 Geopolitics 41:35 Fabricators opinion of 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://linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are talking about BTC Prague, BitGo acquiring Prime Trust and Consensys troubles over assets. https://www.btcprague.com https://www.coindesk.com/business/2023/06/08/crypto-custody-firm-bitgo-reaches-preliminary-agreement-to-buy-prime-trust-source/ https://www.coindesk.com/business/2023/06/07/bitcoin-halving-is-coming-and-only-the-most-efficient-miners-will-survive/ https://www.coindesk.com/consensus-magazine/2023/06/08/consensys-faces-shareholder-vote-over-controversial-transfer-of-company-assets/ Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:51 Stories from Prague 05:50 BitGo acquires Prime Trust 10:18 BTC halving 13:38 Consensys assets 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 Sebastien Hess, co-founder of Block Green, a protocol for selling hashrate. We discuss how miner’s sell hashrate, who is buying hashrate and how Block Green thinks of energy. https://www.block.green Sebastien Hess: https://twitter.com/SebastienHess Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:36 Black Green overview 03:58 Hashrate derivative 05:48 What is a vault? 06:51 Onboarding miners 09:05 Contracts & collateral 11:12 Who is buying? 13:02 Liquidity 14:47 Size of contracts 15:44 Minimum hash 17:28 EU vs US customers 18:35 EU mining landscape 20:56 Energy source profile 22:54 KYM process 25:33 Future of Block Green 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 talking about how miner revenue has been up, if old ETH miners pivoting to AI is realistic and Tether hydro mining in Uruguay. https://www.theblock.co/post/232886/bitcoin-miner-revenue-climbs-to-916-million-in-may https://www.coindesk.com/business/2023/05/26/usbtc-aims-to-become-bitcoin-mining-giant-after-deal-to-buy-celsius-assets/ https://hashrateindex.com/blog/fahrenheit-256-inside-us-bitcoin-and-cos-acquisition-of-celsius-bankruptcy-assets/ https://www.businesswire.com/news/home/20230531005132/en/CoreWeave-Secures-200-Million-Series-B-Extension-Bringing-Total-Round-to-421-Million https://twitter.com/nic__carter/status/1664675237819031553 https://www.theblock.co/post/232521/tether-bitcoin-mining-uruguay https://www.thestreet.com/cryptocurrency/news/biden-30-percent-bitcoin-mining-tax-debt-ceiling-deal https://github.com/djrtwo/writing/blob/main/docs/2022-05-30_the-risks-of-lsd.md Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:13 Miner revenue increase 02:25 USBTC to buy Celcius assets 04:19 ETH miners pivot to AI compute 06:08 Nic Carter on AI pivot 07:09 Tether mining in Uruguay 08:22 Biden 30% mining tax dead (for now) 09:28 ETH risks of LSD 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

We are down south in Miami for Bitcoin 2023. Today we are joined by Taylor Monnig, VP of Mining Technology at CleanSpark. We discuss the history and current trends in immersion mining, oil vs hydro, overclocking and how to decide if immersion is right for a specific location. https://cleanspark.com Taylor Monnig: https://twitter.com/taylorbmonnig Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:54 Immersion mining overview 06:10 History of immersion mining 07:53 Taylor's history 11:04 Who is using immersion? 13:38 2019-20 immersion scene 15:19 Current trends 16:21 1 vs 2 phase 17:37 Why use immersion 20:23 Current innovations 22:15 Immersion patents 23:24 ASIC immersion demand 25:47 Hydro vs immersion 27:54 Cooling design mistakes 30:23 Cleanspark 33:00 Setup immersion vs air cooled 35:56 Deciding to go immersion 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 Anthony Power to discuss his May mining update, “Ranking ‘mid-tier’ Bitcoin miners, by the numbers”, the effect of Ordinals on rewards and the continued importance of balance sheet management. https://compassmining.io/education/ranking-mid-tier-bitcoin-miner/ Anthony Power: https://twitter.com/cazenove Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 02:14 Top miner update 08:53 This month's narratives 17:13 Hut 8 production 23:04 Balance sheet importance 29:26 Mid-tier miner ranking 37:42 Miner margin table 43:01 Direct Cash Cost per BTC 48:39 Share price growth 50:13 Rankings 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

We are down south in Miami for Bitcoin 2023. Today we are joined by Lee Bratcher, President of the Texas Blockchain Council. We discuss Texas mining, Bitcoin and CBDC bills, domestic ASIC production and garnering public interest. Lee Bratcher: https://twitter.com/lee_bratcher Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:13 Proof of Reserves Bill 02:15 State based law making 05:32 Texas CBDC Bill 08:14 Limiting BTC mining in ERCOT Bill 16:38 Political flexibility 19:29 NYT Mining Story 21:44 Miner data privacy 26:07 Interacting w/ journalists 29:25 ERCOT update 34:11 Domestic ASIC manufacturing 37:33 Lobbying progress 41:26 BTC interest in Texas 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 Justin Drake an Ethereum researcher that collaborated on the ETH 2.0 consensus change. We talk about variations of mining attacks on Bitcoin. Justin Drake: https://twitter.com/drakefjustin Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Intro 01:30 Justin Drake 04:05 51% attacks 11:22 Spectrum of attack outcomes 14:33 Attackers vs defenders 19:22 $5.25B economic security 23:17 Tactics 30:46 Timing the attack 34:13 Hardware attacks 39:43 Infrastructure attacks 44:24 Regulation & violence attacks 46:50 Vulnerable attack vectors 52:27 How to prepare? 01:01:38 Checkpoints & ASIC secret code 01:06:48 The role of ideology 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 discuss Ordinals driving a crazy fee market and miners stacking sats, Marathon making moves in Abu Dhabi and the ZeroSync paper. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley STORIES https://www.nobsbitcoin.com/zerosync-introducing-validity-proofs-to-bitcoin/ https://www.coindesk.com/business/2023/05/11/bitcoins-high-fees-brought-back-bull-market-level-mining-revenue-but-not-for-long/ https://www.coindesk.com/business/2023/05/09/marathon-digital-in-jv-for-immersion-cooling-bitcoin-mining-in-abu-dhabi/ https://mempool.space/block/0000000000000000000435ab16cdc0e2df3a7dbf75eec117ecfcedc6d053b0c2 https://www.coindesk.com/business/2023/05/11/hut-8-first-quarter-revenue-drops-64-as-bitcoin-mining-difficulties-bite/ https://mempool.space/mining TIMESTAMPS: 00:00 Start 01:47 Ordinals fees gone wild! 12:06 Marathon & Abu Dhabi 15:11 Hut 8 having ops trouble 17:40 ZeroSync 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 Anthony Power to discuss his March mining updates, strengths and weaknesses of miners and a special note on Core Scientific, who recently appointed a new president. https://compassmining.io/education/mining-stock-roundup-march-2022-monthly-bitcoin-mining-numbers/ Anthony Power: https://twitter.com/cazenove Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:56 Separating miners into divisions 04:11 Hive merger 10:03 Iris hashrate 11:26 Utilization rate 15:18 3 classes of miners 19:55 immersion overclocking 22:16 New miners on the scene 28:31 Core Scientific 33:35 Balance sheet management 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 Jamie Leverton and Asher Genoot of Hut 8 and US BTC to discuss the merger of the two Bitcoin mining firms. We talk about US BTC’s operations, its strategic purchases in 2022 and merging the two firm’s assets. https://hut8.io/ https://usbitcoin.com/ Jamie Leverton: https://twitter.com/jaimeleverton Asher Genoot: https://twitter.com/ashergenoot Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 02:10 Merger overview 05:07 USBTC assets & experience 09:12 Bear market asset acquisitions 15:05 Hut 8 BTC treasury & Canada 19:56 Integrating business ops 24:06 Mining sites as data centers 26:35 Hashrate 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 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 discuss Intel pausing ASIC manufacturing due to inventory glut, Gensler doing his best impression of a piñata in Congress & Coinbase considers moving to Bermuda. Will Foxley: https://twitter.com/wsfoxley STORIES https://www.coindesk.com/tech/2023/04/21/solanas-annual-carbon-footprint-equals-8-flights-from-london-to-new-york/ https://www.coindesk.com/business/2023/04/20/crypto-exchange-coinbase-receives-license-to-operate-in-bermuda/ https://www.coindesk.com/business/2023/04/18/bitcoin-financial-services-firm-unchained-capital-raises-60m/ https://twitter.com/sassal0x/status/1648338351832064003 https://mempool.space/mining TIMESTAMPS: 00:00 Start 01:14 Intel pauses ASIC manufacturing 03:36 Solana ESG nonsense 05:35 Coinbase Bermuda register 09:01 Gensler in the hot seat 14:54 Unchained raises money 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 Clara Medalie of Kaiko Research to talk about Bitcoin markets. We discuss market depth post-FTX, what a healthy Bitcoin marketplace looks like and how miners can influence price action. https://www.kaiko.com/pages/kaiko-research Claire Medalie: https://twitter.com/clara_medalie Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:58 BTC market structure 03:41 Market maker volume 05:22 Why makers aren't filling the gap 07:32 Low liquidity, higher volatility 09:06 Number go up? 10:25 Historical comparison 12:06 Binance order book 14:29 Wash trades 15:47 Miner selling BTC 17:43 Market selling 10k BTC 19:55 Healthy market structure 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 Bitcoin price breaking $30k, Ontario & Sweden Energy Rates & the Bitdeer SPAC not going so well. Will Foxley: https://twitter.com/wsfoxley STORIES https://dune.com/queries/2008613/3324931 https://www.coindesk.com/business/2023/04/14/bitcoin-miner-bitdeer-stock-slumps-nearly-30-at-trading-debut/ https://toronto.ctvnews.ca/ontario-introduces-new-ultra-low-overnight-hydro-pricing-1.6350650 https://www.coindesk.com/policy/2023/04/14/sweden-drives-final-nail-into-its-bitcoin-mining-industry-with-tax-hike/ https://mempool.space/mining TIMESTAMPS: 00:00 Start 04:02 1M Ordinals 04:42 Ontario & Sweden Energy Rates 08:07 Bitdeer SPAC 11:01 ETH hard fork 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 Matt Lousteau of Luxor Technologies to discuss their newest firmware, LuxOS. We discuss the reason for making the firmware, its benefits and options for onboarding to the firmware. https://luxor.tech/firmware Matt Lousteau: https://twitter.com/tdr_mlousteau Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:36 Mining pool configurations 05:11 Luxor as a full stack solution 06:45 Firmware counterparty risk 08:06 Functions of 3rd party firmware 11:13 Future Luxor tech stack 12:22 Hashrate splitting 13:55 LuxOS fees 15:39 When Whatsminer? 16:51 Any tech problems with Whatsminer? 20:13 Who is the customer? 21:15 Electricity curtailment applications 23:38 Antminer problems 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 Bitcoin whitepaper begin hidden deep in MocOS, Foundry ending its free services and Paxful shutting down. Will Foxley: https://twitter.com/wsfoxley STORIES https://www.coindesk.com/tech/2023/04/06/hidden-inside-macos-the-bitcoin-whitepaper https://www.bloomberg.com/news/articles/2023-04-06/dcg-s-bitcoin-mining-firm-foundry-to-stop-offering-free-services https://www.coindesk.com/business/2023/04/04/peer-to-peer-bitcoin-exchange-paxful-to-suspend-operations https://mempool.space/mining TIMESTAMPS: 00:00 Start 01:28 MacOS Bitcoin whitepaper 02:48 Foundry new fee 04:29 Paxful shuts down 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_miningLinkedIn: https://www.linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are joined by Marko Tarman of Nicehash. We discuss how it operates, solo miners finding blocks on Nicehash and why operators might want to sell hashrate into a marketplace. https://www.nicehash.com Marko Tarman: https://twitter.com/MarkoTarman Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:17 Single block winner 03:55 Cost to rent hashrate? 05:27 History of Nicehash 06:38 Effect of ETH merge 08:27 How it works? 13:07 Who's buying? 15:31 MEV on Nicehash? 16:50 Who are the sellers? 18:20 Fluctuations of hash supply recently? 19:31 Profits over spot price? 22:31 5-10% profit for miners 25:47 Competitors? 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 Rete Browning & Isaac Fithian from Cathedra to discuss their recent underclocking study, what it means for efficiency, profitability and rig lifespan. https://twitter.com/cathedrabitcoin/status/1624086205485707264 https://cathedra.com Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:32 Underclocking experiment 07:51 Testing the underclocking 13:23 Frequency vs Voltage 19:27 The role of temperature 24:27 What is Catherdra doing with the results? 29:21 Software for underclocking? 32:05 Implications? 35:10 Importance of real world testing 36:21 Perception of machine lifespan 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_miningLinkedIn: https://www.linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we discuss Foreman’s product stack, how integrating automation and intelligence into mining increases hashrate and how middleware providers are thinking about energy markets. https://foreman.mn/ Will Foxley: https://twitter.com/wsfoxley SPONSOR: https://foundryacademy.com TIMESTAMPS: 00:00 Start 01:24 What is Foreman? 02:49 How to use it? 05:44 Monitoring your whole ecosystem 10:13 Problems pulling data 15:01 Scaling your miner count 19:38 Quick remote diagnostics 22:14 Balancing the electrical grid with miners 32:59 What's Foreman working on? 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 Anchor https://bit.ly/3rmb7UF 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 Happy hashing! 🤝 #Bitcoin #BitcoinMining Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week’s news roundup, we talk about the BlockFi Hindenburg Report, the BitDeer SPAC, Greenpeace “change the code” campaign (LOL), and Bankless Bros contemplate war…. seriously…. you can’t make this stuff up. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley STORIES https://www.theblock.co/post/222314/blockfi-sells-physical-mining-assets-amid-bankruptcy https://www.sec.gov/Archives/edgar/data/1853084/000110465923035915/tm2135137-55_prer14a.htm https://www.coindesk.com/business/2023/03/23/jack-dorseys-block-tumbles-17-after-short-seller-hindenburgs-report/ https://twitter.com/wsfoxley/status/1639007316371709959 https://twitter.com/pledditor/status/1639124930720563201 https://mempool.space/mining TIMESTAMPS: 00:00 Start 01:07 Hindenburg Block Report 04:10 BlockFi sells rigs 05:48 Bitdeer 07:24 Greenpeace nonsense 10:51 Bankless bros & war 🤡 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_miningLinkedIn: https://www.linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the show we are joined by Erick Hersman, co-founder of Gridless, a Bitcoin mining company building mini-mines on stranded energy sites in Africa. We dig into micro-grid economics, mining operations in East Africa and financing continued expansion. https://gridlesscompute.com https://twitter.com/GridlessCompute Erik Hersman: https://twitter.com/whiteafrican Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:42 Mini grid economics 04:28 Setup process 07:33 Shipping hardware in East Africa 09:29 Corruption in the supply lines 10:16 Jobs 11:58 Local building regulations 15:00 Mini grid electricity costs 18:13 Renewable energy sources 19:47 Unique challenges 22:45 Geographic distribution of sites 25:08 Security 26:06 Aspirations 28:36 Bitcoin awareness locally 31:22 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

Today we discuss Marathon Digital’s playbook including its relationship with Applied Digital after the Compute North bankruptcy, movement into the UAE, S19 XP purchases and increasing mining efficiency under its hosted model. Thanks to Amanda Cavaleri for her help in making these shows possible. https://marathondh.com/ https://twitter.com/MarathonDH Fred Thiel: https://twitter.com/fgthiel Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:26 Current business strategy 08:28 The hosting model 12:31 Mining in the UAE 16:00 Energy sources in UAE 17:31 Antminer S19XP upgrades 19:47 Immersion mining 23:25 Maintaining sites 25:20 USBTC & Hut 8 26:40 Partnering behind the meter 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_miningLinkedIn: 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 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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

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

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

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

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

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

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

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

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

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

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