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With over 200 shows, The Mining Pod is the industry’s best resource for the latest news and strategies in Bitcoin mining. Trusted by over 3,000 subscribers, including mining executives, operators and fund managers such as Marathon Digital, Cleanspark and BitCap.
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Is Bitcoin Mining Investable?
Is Bitcoin Mining Investable?
Welcome back to The Mining Pod! Today we are joined by Chris Bendiksen of Coinshares to discuss investing in Bitcoin mining! What’s the value prop of miners? How should we think about their go-to-market strategy? What about the huge ASIC orders that get zeroed out so quickly overtime? For retail investors, Chris thinks its not a great purchase and certainly not when compared to Bitcoin. Check out the show for more thoughts! Link to the article: https://blog.coinshares.com/no-end-in-sight-for-the-asic-arms-race-4ede8e346cbf 👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Start 01:29 Story reading 09:16 Story origins 11:04 Can miners get more efficient? 16:31 New efficiency methods 20:53 Access to new ASIC models as strategy 23:39 ATMs & PubCo balance sheets 29:09 New financing models 34:55 Bitcoin treasury 36:47 Wrap up Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
38:1905/11/2024
Bitcoin Hashrate All-Time High, Greenidge Court Case, Unfounded Bitmain Sanctions Scare, and Faketoshi 2.0
Bitcoin Hashrate All-Time High, Greenidge Court Case, Unfounded Bitmain Sanctions Scare, and Faketoshi 2.0
Welcome back to The Mining Pod! Bitcoin’s hashrate is ripping, so Will and Colin sit down to discuss where all the new hashrate is coming from. They also touch on updates for Greenidge’s long-standing lawsuit against the State of New York and why the scuttlebutt that Bitmain might come under the scope of US sanctions is unfounded for now. Finally, in this week’s cry corner, why you shouldn’t spend £500 to hear yet another bloviating imposter claim that he’s Satoshi.  👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Start 02:41 Difficulty update 11:13 US, Russia, China drive bitcoin hashrate all-time high 16:47 Greenidge lawsuit with the State of New York 21:17 Rumors catch Bitmain in the crossfire of Sophgo investigation 27:37 Cry corner: Satoshi reveals himself (lol jk) Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
32:3001/11/2024
Riot Q3 Earnings Call Recap With PennyEther
Riot Q3 Earnings Call Recap With PennyEther
Welcome back to the Bitcoin Stock Show! Yesterday, we livestreamed Riot's Q3 earnings call, so for today's show, we unpack the earnings call with a special guest, PennyEther! PennyEther is a bitcoin mining stock analyst who shares his research and insights on X. This podcast is a truncated version of the livestream, where we cut the earnings call bit and dive straight into our post-call analysis. If you'd like to listen to the full episode with the earnings call, hop on over to The Mining Pod YouTube channel! 👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @bc1matt - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
49:4631/10/2024
Trump or Kamala? Bitcoin Mining’s 2024 Presidential Stakes
Trump or Kamala? Bitcoin Mining’s 2024 Presidential Stakes
Welcome back to The Mining Pod! Today we are joined by Kyle Schneps, VP of Public Policy at Bitcoin mining pool Foundry, joins us to discuss…well the election! Why did Bitcoin miners go so hard for Trump and will there be repercussions? Why did Foundry sit in between and not endorse either candidate? And what actually matters more in 2024, States or the Federal level? 👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Start 01:05 Foundry & political lobbying 04:09 New York state politics 11:10 Trump, AI & energy policy 17:33 Harris statement on crypto 22:54 Miners love Trump? 27:16 What happens if Harris loses? 30:47 US Bitcoin industry 32:24 Key election issues for Bitcoin 37:12 Miners working with energy companies 39:29 Get involved Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
41:3529/10/2024
Russia’s Bitcoin Economy, Coinmint’s Expansion, and Core Scientific’s $8.7B AI Deal
Russia’s Bitcoin Economy, Coinmint’s Expansion, and Core Scientific’s $8.7B AI Deal
Welcome back to the Mining Pod! Will, Colin, and Matt are back with another news roundup. It’s election season, so naturally, headlines about Russia have weaseled their way into the news cycle – only this time, the news is about how Russia allegedly wants to encourage trade in bitcoin to bypass sanctions. The gang also talks about Coinmint’s partnership with NYDIG to expand its Massena, NY facility, and our friends at Compass give us an update on the bitcoin mining hosting market. The show wraps up with the latest on Core Scientific’s $8.7 billion deal with Core Weave, and in this week’s cry corner, the fellas are perplexed at why Dennis Porter, founder of Satoshi Action Fund, is getting so much heat for Pennsylvania’s new bitcoin rights bill. 👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Start 00:53 Difficulty update 04:00 Russia using bitcoin for international trade? 15:26 Massena & the Alcoa East plant 18:36 Hosting update w/ Karoon from Compass 32:46 Core Scientific Final Contract Option by CoreWeave 37:49 Cry corner: why so butthurt about Dennis Porter? Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
42:1725/10/2024
Bitfarms' Expansion Strategy w/ Ben Gagnon and Alex Brammer
Bitfarms' Expansion Strategy w/ Ben Gagnon and Alex Brammer
Welcome back to the Mining Pod! For this week’s stock show, Colin interviews Bitfarms CEO Ben Gagnon and Senior Vice President of Global Mining Operations Alex Brammer. Bitfarms made a name for itself as one of the first publicly traded bitcoin miners to expand into South America, first with its operations in Argentina and then in Paraguay. Now, Bitfarms is planning to house 50% of its future hashrate in Pennsylvania with its acquisition of Stronghold Digital. They discuss how their new portfolio in Pennsylvania gives Bitfarms the option to enter the energy trading business, and Bitfarms’s strategy for potentially breaking into the AI/HPC business by 2026. 👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Intro 02:20 Why Bitfarms entered into the South American market 07:10 Experience with regulation and approval process in Paraguay 10:00 Difficulties with expanding in Quebec 13:50 Why Bitfarms likes the PJM power region 18:00 Stronghold acquisition: power market play, expansion play, or both? 23:40 Bitfarms HPC aspirations 31:15 Will bitcoin miners need to pivot to AI/HPC to remain relevant?  34:40 How mining can fill in demand gaps for AI/HPC 43:20 How Bitfarms plans to fund mining expansion and potential AI/HPC operations Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
48:0924/10/2024
Ethiopia’s Bitcoin Mining Boom
Ethiopia’s Bitcoin Mining Boom
Welcome back to the Mining Pod! We’re joined by Ethan Vera of Luxor Tech and Kal Kassa of BitcoinBrr to discuss mining Bitcoin in Ethiopia! Earlier this summer we heard reports of mining picking up in the Eastern side of Africa, particularly with well connected Chinese Bitcoin miners sourcing hydro-powered contracts. Ethan recently visited so we brought him on with Kal to discuss what’s actually happening, the costs versus North American mining and how to invest in the area (if you’re willing to take the risk!) 👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! CHAPTERS 00:00 Start 01:55 Kal's bio 02:45 Ethan's bio 03:58 Ethiopia mining scene 06:16 Ethan on Ethiopia 08:45 Stat of Ethiopia's grid 13:47 Political risks 19:23 China in Ethiopia 24:55 US to Ethiopia challenges 30:58 Mining in other parts of Africa 34:11 African miners moving to Ethiopia? 37:35 Bitcoin jobs in Africa Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
39:3422/10/2024
US Miners Grow Market Share, MARA’s $200m BTC Loan, and Cipher’s 1.5 GW Buy
US Miners Grow Market Share, MARA’s $200m BTC Loan, and Cipher’s 1.5 GW Buy
Welcome back to the Mining Pod! For this week’s news roundup, Colin and Matt discuss how US public bitcoin miners are growing their share of Bitcoin's hashrate. Plus, Marathon is leveraging its trove of 26,000+ BTC and Cipher is going bigly with three pending mining site acquisitions for a total of 1.5 GW of capacity, some of which the miner may allocate toward AI/HPC compute. They also touch on some AI updates from Crusoe and Bit Digital, and in this week’s cry corner, why grown men are getting big mad about arbitrary data on everyone’s favorite block explorer.  👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Start 01:42 Difficulty update 04:19 29% PubCo Hashrate report JPMorgan 10:50 MARA Unlocks $200M BTC-Backed Credit Line 18:06 Cipher Mining Acquires 1.5 GW in Texas 24:37 Blue Owl Backs Crusoe in AI Move 29:35 Bit Digital Acquires HPC Data Center 32:38 Cry corner: "Runes, ordinals, etc don’t exist" Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
39:1918/10/2024
Bitdeer’s SEALMINER ASIC and AI/HPC Business With Jeff LaBerge
Bitdeer’s SEALMINER ASIC and AI/HPC Business With Jeff LaBerge
Welcome back to the Mining Pod! For this week’s Bitcoin Stock Show, we sit down with Jeff LaBerge, the head of capital markets and strategic investments at Bitdeer. Bursting onto the scene last year with its IPO, Bitdeer quickly became one of the public bitcoin miners to watch, and now, the company is designing its own ASIC miner, the SEALMINER. How did Bitdeer secure TSMC chip allocation for the series, and will Bitdeer sell this ASIC on the open market or keep it for itself? We answer these questions and more, and we also touch on Bitdeer’s multi-continent AI/HPC aspirations.   👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Start 01:28 Jeff's background & Bitdeer 03:51 Bitdeer's ASIC business 06:41 Foot in the door with TSMC 11:55 Retail vs internal allocations 15:07 Different model timelines 17:16 Cooling design 18:48 Hydro & immersion cooling 20:59 Manufacturing capacity 22:05 AI & HPC 25:15 Different business lines 30:57 Norway deployment 35:03 Butan future Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
42:4616/10/2024
Home Bitcoin Mining For The Masses With Bitaxe
Home Bitcoin Mining For The Masses With Bitaxe
Welcome back to the Mining Pod! Today we’re joined by Skot, the creator of the open source Bitcoin mining project Bitaxe! Launched a bit over a year ago, Bitaxe is a simple way to bring mining back to the household by taking a chip from state of the art Bitcoin miners like the Bitmain S21 and gluing it with a bunch of other parts into a mini-home miner! We talk with Skot about the origin of the idea, why he wanted to make something like the Bitaxe, the value of home mining and the future of mega miners like Riot, Marathon or others. 👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Start 02:10 What's a Bitaxe? 05:20 How is it open source? 06:15 Salvaging chips 10:45 Sourcing components 13:11 How are they sold? 15:05 Why make the Bitaxe? 19:19 Node + Bitaxe? 21:04 Increasing collaboration 26:42 Pleb mining 30:30 The future of mining 36:09 Bitaxe timeline 36:50 The experience making the Bitaxe 42:13 Wrap up Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
43:4415/10/2024
Difficulty Update, IREN Lawsuit, Antminer S21, Tokenized Whiskey and Satoshi Nakamoto
Difficulty Update, IREN Lawsuit, Antminer S21, Tokenized Whiskey and Satoshi Nakamoto
Welcome back to the Mining Pod! We’re going through Bitcoin and Bitcoin mining news including a difficulty update after Florida hurricanes, IREN’s lawsuit about HPC, Bitmain releasing another version of the S21 with less efficiency (why?), Marathon’s Anduro platform getting in on tokenized whiskey, Marathon also getting sued for being too loud at its Granbury, Texas site and HBOs new Satoshi Nakamoto documentary uncovering the creator of Bitcoin was none other than Peter Todd, a guest and friend of the show! We dig in. 👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:15 Start 01:16 Difficulty update 03:14 IREN HPC lawsuit 09:26 Bitmain announces new S21 variants 15:04 MARA’s whiskey on the blockchain 25:30 MARA’s continued dispute with Texas town 29:16 Cry corner: HBOs documentary Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
37:1611/10/2024
Hut 8’s GPU-as-a-Service and HPC Play With Sue Ennis
Hut 8’s GPU-as-a-Service and HPC Play With Sue Ennis
Welcome back to the Mining Pod! For this week’s Bitcoin Stock Show, we sit down with Sue Ennis, the head of investor relations at Hut 8, to discuss Hut 8’s AI/HPC business line. The conversation covers Hut 8’s original foray into HPC with its Terago acquisition in 2022, its new GPU-as-a-Service business line, what makes an ideal HPC data center, what has changed with Hut 8 since the merger with US Bitcoin Corporation, and everything in between – including a little teasing about a 1 GW acquisition that Hut 8 has in the pipeline. 👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Livestream waiting room 01:47 Intro 03:04 Sue’s background 04:10 Why Hut 8 purchased Terago data centers 08:52 Learning curves for Hut 8 operating HPC centers 11:20 Retrofitting a bitcoin mine vs deploying hashrate at an HPC center 13:40 Hut 8’s GPU-as-a-Service 15:35 Difference between Terago centers vs new business line 17:14 Does Hut 8 plan to greenfield or retrofit a datacenter for HPC? 23:00 Ideal conditions for an HPC data center 25:50 U3S21EXPH form factor as a cross-over from HPC operations  30:30 Hut 8 transition/change with US Bitcoin Corp merger Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
31:1509/10/2024
Bitmain’s Newest Liquid Cooled-Chip Bitcoin Miner With Hut 8’s Asher Genoot
Bitmain’s Newest Liquid Cooled-Chip Bitcoin Miner With Hut 8’s Asher Genoot
Welcome back to the Mining Pod! This week we are joined by Asher Genoot, CEO of Hut 8, one of the larger and older Bitcoin miners! Hut 8 recently entered into a deal with leading Bitcoin mining manufacturer Bitmain to produce a new immersion unit ready for traditional data center builds! In this show we discuss the unit, how the deal got made, how it fits into a data center, parts and repair, the hosting deal with Bitmain and the opportunity cost of entering into investments like this one with Bitmain! 👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Start 01:34 New ASIC (U3S21EXPH) 05:03 Chip efficiency 07:55 New cooling solutions 14:12 Datacenter build out 19:00 AI facility conversion 20:58 Hosting for Bitmain deal 26:51 Facility location 29:05 Opportunity costs 32:08 New CEO role 35:11 Growing both AI & mining Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
36:0408/10/2024
Bullish Inflows, Ocean’s DATUM, CleanSpark & Helene and Swan’s Lawsuit
Bullish Inflows, Ocean’s DATUM, CleanSpark & Helene and Swan’s Lawsuit
Welcome back to the Mining Pod! This week, we’re talking about about bullish inflows to the crypto (mostly Bitcoin) ecosystem that could support better asset prices, Ocean launching a new decentralized template program for miners, CleanSpark’s hurricane woes and updates from the recent catastrophe in the Southeast US and Swan’s dramatic lawsuit against its former employees!  👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Start 04:18 Difficulty update 05:26 Coinshares: Digital Asset Flows 10:40 Ocean Pool's Datum 18:46 Cleanspark & the hurricane 24:03 Swan mining update 31:32 Cry Corner: Satoshi Has Been Found! LOL Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Show links: https://blog.coinshares.com/volume-202-digital-asset-fund-flows-weekly-report-e00fa60eac86 https://ocean.xyz/docs/datum https://www.theblock.co/post/318784/bitcoin-miner-cleanspark-restores-200mw-in-the-wake-of-hurricane-helene https://blockspace.media/insight/new-filings-raise-questions-about-mining-ownership-in-swan-lawsuit/ https://x.com/disclosetv/status/1841896077865230409 Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
34:5704/10/2024
Auradine Bitcoin ASIC Performance With Brad Cuddy
Auradine Bitcoin ASIC Performance With Brad Cuddy
There’s a ton of new units on the market, including new players like Auradine. But how do these units actually hold up when deployed to the field and under harsh environments? We brought on Brad Cuddy of Cholla Energy to walk us through his experience working with the units. We also discuss alternative units like Bitmain and MicroBT, dry cooling, hydro vs. immersion and various other topics relating to technical Bitcoin mining. Lastly, we finish with a conversation on the Texas Bitcoin mining landscape including  👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Start 02:01 Brad's background 05:53 Types of ASIC cooling 09:25 Bitmain vs MicroBT 12:20 Dry cooling 16:34 Hydro vs immersion 21:38 Immersion form factor challenges 22:26 MicroBT immersion deployment 24:21 Cost difference 25:42 Cooling fluid & thermodynamics 28:24 Fluid longevity 29:14 Auradine 32:32 Firmware & chip uptime 34:47 Auradine conclusion 35:35 What cooling is best? 37:14 Extreme temps 39:23 Curtailing with hydro units 42:21 New Bitmain unit 45:34 Bitmain changing PDUs 48:13 Curtailing (4CP) 49:15 Curtailing (PPA) 51:16 Ancillary grid services 52:43 4CP operations 55:10 Renewable & Texas grid 58:56 Future of solar 1:03:52 Miners, data centers & interconnections 1:06:22 Texas' isolated grid Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset.   "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
01:10:2501/10/2024
Swan Bitcoin’s Lawsuit, Bitdeer’s New ASIC, Riot and Bitfarms’ Settlement
Swan Bitcoin’s Lawsuit, Bitdeer’s New ASIC, Riot and Bitfarms’ Settlement
Welcome back to The Mining Pod! For this week’s roundup, Will, Colin, and Matt discuss the bombshell news that Swan Bitcoin is suing its former employees and contractors, alleging that the cabal stole proprietary aspects of Swan’s bitcoin mining business. Speaking of corporate sparring, the gang also covers the news that Riot and Bitfarms have settled (for now, at least) their dispute over Riot’s attempts to acquire its rival. They also discuss Bitdeer’s new SEAL02 ASIC chip, which Bitdeer claims is capable of 13.5 J/TH power efficiency, and why bitcoin mining ASICs are not securities despite some reporting to the contrary. Finally, in this week’s cry corner, they address the indefatigable, maddening myths that persist about Bitcoin’s global electricity use (no Bill Maher, Bitcoin does not use 8% of the world’s electricity, but thank you for playing!). Enjoying the show? Check out our newsletter at miningpod.blockspace.media! Timestamps: CHAPTERS 00:00 Start 00:14 Swan mining lawsuit 11:01 Difficulty update 17:03 Riot vs Bitfarms 27:14 Bitdeer’s SEAL02 chip 35:25 Green Mining SEC suit not dismissed 38:59 Hut 8 GPU-as-a-Service Goes Live 42:47 Cry corner: Bill Maher is wrong Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And NiceHash (@NiceHashMining), the world's most powerful hashrate marketplace! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer, Damien Somerset.   Learn more about your ad choices. Visit megaphone.fm/adchoices
50:0027/09/2024
HPC, ASICs, and the Post-Halving Reality w/ Taras Kulyk
HPC, ASICs, and the Post-Halving Reality w/ Taras Kulyk
For this week's Bitcoin Mining Stock Show, Colin sits down with Taras Kulyk, the CEO and co-founder of Synteq Digital. The fellas open the show by talking about the differences between the AI/HPC and ASIC hardware markets, why its (much) easier for traditional data center operators to access capital markets than bitcoin miners, and whether or not Core Scientific can capitalize on its AI promises. For the second half of the show, Taras dives into what has changed in the ASIC market since the April 2024 Halving, plus the great migration of older models like the S19 and M30 series to lower cost areas in the global South. Finally, Taras shares his views on Bitmain's new U3S21EXPH hydro-cooled ASIC miner and his vision for the future of data center cooling. Learn more about your ad choices. Visit megaphone.fm/adchoices
01:04:2125/09/2024
The Bitcoin Miner’s Almanac With Rob Warren
The Bitcoin Miner’s Almanac With Rob Warren
Welcome back to The Mining Pod! For this week’s show, Colin interviews Rob Warren, the author of The Bitcoin Miner’s Almanac. Standing up a bitcoin mining operation is a herculean task. From managing ASICs, to standing up infrastructure, to navigating power contracts, bitcoin miners have to learn everything from IT management to hardware maintenance – and everything in between. That’s why Rob wrote The Bitcoin Miner’s Almanac, to help newcomer and veteran miners alike easily navigate the daunting, complicated minutiae of bitcoin mining. In our conversation, we touch on what inspired the book, Rob’s experience researching and writing it, and what he plans to include in the second edition. This isn’t your grandfather’s almanac… You can purchase The Bitcoin Miner’s Almanac on Amazon or the Bitcoin Magazine store. Enjoying the show? Check out our newsletter at miningpod.blockspace.media! Timestamps: 00:00 Start 03:03 The Bitcoin Miner's Almanac 12:21 Forget about Bitcoin 20:14 Making sense of the energy industry 28:37 Energy monopolies 33:01 Pros & cons of energy production 40:33 Book version 2 52:26 Machine form factors 1:02:41 Interviewing miners 1:10:23 Stranded energy opportunities 1:15:49 Wrap up Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And NiceHash (@NiceHashMining), the world's most powerful hashrate marketplace! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer, Damien Somerset.   "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
01:18:0624/09/2024
Hut 8’s Bitmain Partnership, Bhutan’s $700m Bitcoin Bags, RFK Jr.’s Mining Letter, Trump’s Bitcoin Burger
Hut 8’s Bitmain Partnership, Bhutan’s $700m Bitcoin Bags, RFK Jr.’s Mining Letter, Trump’s Bitcoin Burger
Welcome back to The Mining Pod! For this week’s news roundup, the crew dives into Hut 8’s partnership with Bitmain on the manufacturer’s new hydro-cooled ASIC model, the U3S21EXPH. Matt also gives everyone a geography lesson with his overview of Bhutan and its hoard of 13,011 BTC worth $780 million, the fourth largest BTC reserve of any nation, and Colin covers Rober F. Kennedy Jr.’s letter to the editor in the Economist in which he defends Bitcoin mining for its utility as a flexible load for renewable energy. Plus, a former President, a bitcoin mining CEO, and a pub owner walk into a bar, and everyone leaves with a burger paid in bitcoin (yes, every outlet has covered this story, but we are too). And finally in this week’s cry corner, the unfortunate story of a Norwegian town whose residents will pay more for power after a bitcoin mine ceased operations. Enjoying the show? Check out our newsletter! Timestamps: 00:00 Start 01:38 Difficulty update 03:36 Fractal fees 07:23 Hut 8 and Bitmain ASIC partnership 12:50 Bhutan got them bags! 19:19 RFK Economist letter to the editor 23:12 Trump's Bitcoin Burger 29:32 Cry Corner: Norwegian energy costs rise Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Learn more about your ad choices. Visit megaphone.fm/adchoices
35:3620/09/2024
The Current State of the ASIC Miner Market With Ian Descoteaux
The Current State of the ASIC Miner Market With Ian Descoteaux
Welcome back to The Mining Pod! Pow.re Co-founder and CTO Ian Descoteaux joins us today to talk about all things ASIC miners. In the conversation, we speak at length about the Antminer S21, including his experience deploying this model, its quirks / failure rates, and its performance. We also touch on ASIC prices and manufacturer competition, including why MicroBT’s Whatsminers are more expensive than other models, and whether or not Auradine and Canaan will be competitive in the near-future.Finally, we close on his takes regarding Bitmain’s newest hydro model, the U3S21EXPH. Enjoying the show? Check out our newsletter at miningpod.blockspace.media! Timestamps: 00:00 Start 01:29 Update 03:11 New ASIC frustrations 04:16 ASIC price competition 06:20 Why MicroBT expensive 06:57 Canaan & Auradine 07:52 S21 deployment experience 09:46 ASIC failure rate 10:51 Repairs 12:46 Paraguay ASIC repair cost 14:44 S21 deliveries 16:07 S21 quirks? 18:39 New Bitmain units 20:02 Current ASIC market 23:05 U3S21EXPH Rack System 27:08 New equipment pushing market split Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. Follow our host on Twitter: @wsfoxley Learn more about your ad choices. Visit megaphone.fm/adchoices
28:4217/09/2024
August Miner Updates, Japan’s Largest Utility is Mining BTC, Fractal Bitcoin’s Feverish First Week, and Podcasts on the Blockchain (?)
August Miner Updates, Japan’s Largest Utility is Mining BTC, Fractal Bitcoin’s Feverish First Week, and Podcasts on the Blockchain (?)
Welcome back to The Mining Pod! Will and Colin hop on for another duo pod this week for one of the most eclectic roundups yet. The numbers are in for August for the public bitcoin mining world, and these companies are slowly (but steadily) expanding their hashrate, while also collectively selling more than 1,200 BTC over the month. In a testament to bitcoin mining’s utility for utilities, Japan’s largest power company, Tokyo Electric Power Company (TEPCO), is mining bitcoin with a portion of its renewable energy assets. Finally, the lads breakdown the juicy details of sidechain Fractal Bitcoin’s first week. And in this week’s cry corne – in which Darryl Cooper (Martyr Made) gets BSV-pilled – they touch on the irony of an alternative historian storing his podcasts on a blockchain launched by a man who tried rewriting the history of Bitcoin. Timestamps: 00:00 Start 02:05 Difficulty update 05:03 August miner updates 11:29 Tokyo mining BTC! 17:49 Fractal Bitcoin update 25:12 Cry Corner: Darryl Cooper BSV pilled Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley, @asilayhodling. Learn more about your ad choices. Visit megaphone.fm/adchoices
30:4413/09/2024
Bit Digital’s AI/HPC Strategy With Sam Tabar | Bitcoin Stock Show
Bit Digital’s AI/HPC Strategy With Sam Tabar | Bitcoin Stock Show
Welcome back to The Mining Pod! Sam Tabar, CEO of NASDAQ-listed Bit Digital, joins us today to talk about Bit Digital’s post-Halving mining strategy and (more importantly) what the company is doing to scale its AI business line. Bit Digital earned $12.5 million with its HPC services in Q2-2024, the most of any AI-focused public bitcoin miner. During the show, Tabar discusses how they executed to reach this milestone, their aspirations to book $700 million in AI revenue over the next five years, and more – including a few choice words regarding miners who plan to retrofit existing bitcoin miners for AI/HPC jobs. Note, this podcast is for educational purposes only and is not financial advice. Enjoying the show? Check out our newsletter at miningpod.blockspace.media! Timestamps: 00:00 Waiting room 02:02 Introduction 03:00 Biggest changes to bitcoin mining since Q1 2020 7:10 Why Bit Digital is committed to asset-light bitcoin mining 15:00 Four models for bootstrapping AI/HPC load 20:20 HPC compute pricing structures 23:00 Bit Digital sale-leaseback financing for HPC GPUs 25:20 $700m Boosteroid agreement details 29:20 Final thoughts Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Show links: https://hashrateindex.com/blog/tokenizing-hashrate-blockstream-mining-note-2-bmn2/ Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer, Damien Somerset.   "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
29:5612/09/2024
Blockstream’s ASIC Mining Note With Adam Back
Blockstream’s ASIC Mining Note With Adam Back
Welcome back to The Mining Pod! Today we are joined by Adam Back, cryptographer and CEO of Blockstream. Well known for its sidechain software Liquid, among other projects, Blockstream is actually a large private Bitcoin miner. In today’s show, we go through Blockstream mining with Back, including its profile as a miner (energy, locations, fleet). Then we dive into the BMN2, a new financial instrument to help people mine Bitcoin without ever touching a Bitcoin miner! Note, this podcast is for educational purposes only and is not financial advice. Enjoying the show? Check out our newsletter at miningpod.blockspace.media! Timestamps: 00:00 Start 02:11 Blockstream's mining background 08:46 Mining Note details 16:53 Secondary markets & Mining Notes 19:49 Typical investor profile 28:39 Why not self mine? 32:07 Where does Blockstream profit? 36:39 Production costs & cycle timing 42:05 Upgrading ASICs or not? 45:29 Lessons learned, changes made 50:31 Post Interview Discussion Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Show links:  https://hashrateindex.com/blog/tokenizing-hashrate-blockstream-mining-note-2-bmn2/ Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer, Damien Somerset.  Learn more about your ad choices. Visit megaphone.fm/adchoices
01:01:0010/09/2024
Galaxy’s $30m Offer to Rhodium, Bitmain’s ASIC Surplus, Bitcoin Mining (in Space!), and…Tokenized Nicotine?
Galaxy’s $30m Offer to Rhodium, Bitmain’s ASIC Surplus, Bitcoin Mining (in Space!), and…Tokenized Nicotine?
Welcome back to The Mining Pod! Rhodium is filing for Chapter 11 bankruptcy, and they’re going to need cash to get through the restructuring. So in comes Galaxy Digital, which is offering a $30m (or 500 BTC!) loan, in a move that could be a savvy attempt to acquire Rhodium assets. Turning to the ASIC market, bitcoin miner prices are down – a lot – and Bitmain could have a hand in the sluggish demand given how quickly it is releasing new versions of the S21. For a bit of lighthearted news, the guys get cosmic pontificating on interstellar bitcoin mining, while also taking a less lighthearted look at drooping crypto market sentiment. And to close the show, they roast – and we wish we were joking here – a tokenized vaping product(because who doesn’t want to get paid to contract popcorn lung?). Timestamps: 00:00 Start 02:24 Difficulty update 05:32 Galaxy offers $30M to Rhodium 12:18 Too many ASICs! 22:04 Mining in spaceeee?! 28:10 Sentiment is bearishh :( 34:13 Cry Corner: Web3 Vaping…? Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
39:2606/09/2024
Making Sense of AI and HPC Markets with Tom Masiero | Bitcoin Stock Show
Making Sense of AI and HPC Markets with Tom Masiero | Bitcoin Stock Show
Before 2023, most folks probably associated AI with the far-off dystopias of The Terminator, The Matrix, or other depictions in pop culture. Now, AI is permeating every corner of our culture and economy as applications like Chat-GPT have taken a place alongside Google as the habitual tools of the internet’s citizenry. At the core of all of these applications – as with every facet of the Internet – is computing power, and bitcoin miners are betting big on becoming key producers of this compute. On this episode of the Bitcoin Stock Show, Tom Masiero of Cathedra Bitcoin shares his vision for how bitcoin miners factor into the most consequential technological revolution since the Internet.   @FarmahTom Director @CathedraBitcoin $CBIT  CathedraBitcoin.com Timestamps: 00:00 Livestream waiting room 11:15 Show introduction  12:30 Tom introduction and background 14:30 Breakdown of different HPC datacenter strategies 20:50 Difference between datacenter tiers 22:25 Types of HPC services bitcoin miners provide 27:30 Are clusters of compute the same as concentrated compute? 29:40 What is a mullet miner anyway? 33:45 Differences between small and large datacenters 37:40 Breakdown of different HPC strategies from bitcoin miners 44:45 The role of bitcoin miners in the AI race 52:40 Bitcoin miners and AI/HPC are PB&J 54:50 Why is Nvidia so dominant? 1:03:56 Is the H100 the S17 of AI? 1:09:50 Three categories of bitcoin miners  Live streamed every Wednesday, The Bitcoin Stock Show is brought to you by The Mining Pod and features interviews and analysis related to the world of public Bitcoin companies. Subscribe to receive notifications when we stream and publish shows!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our hosts on Twitter, @wsfoxley and @AsILayHodling. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! The Mining Pod is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk. Learn more about your ad choices. Visit megaphone.fm/adchoices
01:03:4105/09/2024
The Bullish Case for Bitdeer with Brandon Bailey
The Bullish Case for Bitdeer with Brandon Bailey
Welcome back to The Mining Pod! This week we are joined by Brandon Bailey (a.k.a. Bitcoin Beezy), a co-founder of Second Gate advisory and a former VP of mining at Galaxy Digital, to discuss his recent research note on Bitdeer. He argues that the public miner, which is sometimes overlooked for some combination of language barriers and the team’s geographic distance from North America, is massively undervalued. He digs into Bitdeer’s bitcoin mining business and its burgeoning ASIC miner manufacturing line to make the case that the company deserves a valuation comparable to Riot, Marathon, CleanSpark, and Core Scientific.  Timestamps: 00:00 Start 02:11 Bitdeer Research Note 03:46 Bitdeer as public company underdog 08:12 2025 Projected Growth 12:42 market segments 14:59 Total Revenue 16:10 Self mining vs hosting 18:34 New ASICs 23:46 ASIC manufacturing at scale 30:13 Advantages of vertical integration 35:08 Bitdeer can shift market segments 37:03 AI & HPC 41:11 AI training profitability 45:34 3 AI Compute approaches 50:43 Final thoughts Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our hosts on Twitter, @wsfoxley and @AsILayHdoling. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!  "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
53:4103/09/2024
Rhodium Files for Bankruptcy, Mining Farm Acquisition Season, Public Miner AI Updates, and Bitcoin’s Maddening Energy Debate
Rhodium Files for Bankruptcy, Mining Farm Acquisition Season, Public Miner AI Updates, and Bitcoin’s Maddening Energy Debate
Welcome back to The Mining Pod! Blockspace broke news this weekend that Texas-based bitcoin miner Rhodium is going bankrupt, and we follow up in today’s show about what we do and don’t know regarding the incipient restructuring. As Rhodium starts restructuring its debt, other bitcoin miners have been expanding, with mergers and acquisitions becoming the second hottest trend this summer in the mining sector. The hottest trend, though, is AI, and we’ve got the straight skinny on how public bitcoin miners are approaching the hyped-up sector. And in this week’s Cry Corner, the gang addresses yet more quibbling about Bitcoin’s energy use (when Solomon said that there’s nothing new under the sun, he was really talking about energy FUD…). Timestamps: 00:00 Start 01:19 Difficulty report 03:27 Rhodium files for bankruptcy 08:28 Bitfarms acquires Stronghold 09:07 GDA expansion 09:28 Cipher Mining's new site 15:04 AI & HPC industry update report 22:09 Cry Corner Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
33:2730/08/2024
Is Bitcoin Dirty? Reviewing The Bitcoin Mining’s Documentary With Alana Mediavilla
Is Bitcoin Dirty? Reviewing The Bitcoin Mining’s Documentary With Alana Mediavilla
Welcome back to the show! We’re sitting down with film maker and documentarian Alana Mediavilla to discuss her new film “Dirty Coin,”  which premiered on the Bitcoin Halving this year and will go to market in late 2024! In this sit-down interview at Bitcoin Nashville, we discuss film work in Bitcoin, various locations filmed and the stories behind them and how Bitcoin mining is the “hands and feet” of Bitcoin compared to the ‘Number Go Up’ strategy most people consider. If you enjoyed the show, keep an eye out for Dirty Coin at a theater near you and follow the social accounts at @DirtyCoinDoc and @AlanaMediavilla! Timestamps: 00:00 Start 01:35 Starting Dirty Coin 04:01 Background 12:17 Funding 14:23 Screening 14:47 Bitcoin Film festival; 15:57 Reception of the film 16:42 Made for no-coiners 18:11 CLIP: Monetizing Waste 24:21 CLIP: Seneca Lake 29:26 CLIP: History of the Electrical Grid 36:18 The goal of the movie 42:59 Final thoughts Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
45:1727/08/2024
Babylon Pumps Fees, Bitfarms Merges with Stronghold, Public Miner Q2 Numbers, and the IMF’s (not so Modest) Tax Proposal
Babylon Pumps Fees, Bitfarms Merges with Stronghold, Public Miner Q2 Numbers, and the IMF’s (not so Modest) Tax Proposal
Welcome back to The Mining Pod! On Thursday, Bitcoin transaction fees soared to their highest levels since April, but it has nothing to do with runes or inscriptions. This go around, it was all thanks to the launch of Babylon Chain, a new off-chain BTC staking platform.  We also tackle Bitfarms’ merger with Stronghold and what it could mean (or not mean) for Riot’s ongoing attempt at a hostile share takeover of Bitfarms. Finally, we close on the latest Q2 figures and operational updates from public bitcoin miners, and Colin rants about why the IMF needs to take their bitcoin miner tax proposal and shove it...someplace where it won’t see the light of day.  Timestamps: 00:00 Start 02:33 Difficulty report 04:45 ASIC prices 12:13 Babylon staking 15:51 Bitfarms Expands with $175M Stronghold Merger 16:47 Riot vs Bitfarms Poison Pill 25:30 Public Miner Reports 32:19 IMF Idea to Tax Bitcoin Miners Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
37:1823/08/2024
How To Become A Bitcoin Miner With The Coin Dad
How To Become A Bitcoin Miner With The Coin Dad
Welcome back to the show! This week, we’re joined by ‘The Coin Dad,’ one of the familiar faces around Bitcoin mining conferences (and mines!) with an extensive history in the small, young sector. The Coin Dad takes us through his personal life–including an overseas deployment to the Middle East–to his time entering Bitcoin mining, including deploying tens of thousands of machines for some of the largest mining companies and fabricating entire container designs. We fininish with a conversation about the Bitcoin Mining Museum, a passion project begun multiple years ago to preserve the history of Bitcoin mining hashrate!   Timestamps: 00:00 Start 01:31 Coin Dad's background 10:27 Starting mining 13:37 Altcoin fail 19:30 Start working in Bitcoin 33:46 Mining museum 44:06 Bitcoin shoes 47:34 Time for a brick & morter Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
51:0020/08/2024
Public Miners Raise a Couple Billi, CleanSpark May Launch a Mining Pool, and Solo Mining is Cool Again
Public Miners Raise a Couple Billi, CleanSpark May Launch a Mining Pool, and Solo Mining is Cool Again
Welcome back to The Mining Pod! How much have public miners raised since Q2? A lot – like, $2.2 billion kind of a lot. The majority of this liquidity flows from at-the-market (and other) stock offerings in Q2, while a handful of miners have also turned toward convertible notes for financing in Q3. In addition to that news, we also cover a story that Blockspace broke regarding CleanSpark’s desire to launch its own mining pool, and we finish the feel good underdog story that yes, solo miners are still out there (and they’re actually making money).   Timestamps: 00:00 Start 01:43 Bitcoin mining market / metric update 7:50 Publicly traded Bitcoin miners raise $2.1 billion since Q2 10:00 Bitdeer $150 million convertible note 12:46 Marathon $250 million convertible note to buy BTC 14:21 Core Scientific $350 convertible note to pay down debt 17:13 When CleanSpark pool?  23:48 Bitaxe and solo mining 33:54 Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
29:5216/08/2024
The Road To 20 Exahash With Zach Bradford
The Road To 20 Exahash With Zach Bradford
Welcome back to The Mining Pod! This week we are joined by Zach Bradford, CEO of Cleanspark, to discuss Cleanspark’s exlplosive 2024 growth. From purchasing peer miner Griid to new sites in multiple states, Bradford goes through Cleanspark’s last twelve months, why the company is focused on Bitcoin and Bitcoin only, why Cleanspark is focused on building in the US (but maybe not forever!), comparative strategies like MARA’s new HODL and possibly some tech developments worth listening to the end of the show for. Timestamps: 00:00 Start 02:15 12 month recap of operations 05:57 Why not pivot to AI? 11:19 Texas is too crowded 13:27 International power locations 15:56 Griid acquisition 19:24 Swapping Griid's old rigs? 21:28 Texas vs Georgia 24:46 Bitcoin treasury 29:18 Marathon's current strategy 31:55 Growth strategies 37:15 Launching a pool? 38:02 Bitcoin Core development 38:55 New rigs 40:06 Wen zetahash? Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
41:2213/08/2024
Hashprice, Iris Energy’s Failed Hedge and Paraguay Mining
Hashprice, Iris Energy’s Failed Hedge and Paraguay Mining
Welcome back to The Mining Pod! This week we’re in studio talking about Bitcoin and Bitcoin mining news! Colin Harper, our new Editor-in-Chief, walks us through important updates including mining revenue bottoming to historic lows, Iris Energy (IRENE) struggling after a failed hedging strategy this summer in Texas, a flopped narrative violation on China banning (or not banning, depending on the quality of your research) Bitcoin mining and Paraguay trying to bring more Bitcoin mining down south! Timestamps: 00:00 Start 02:44 Difficulty report 06:13 Miner Mag: $150M into new ASIC design 09:43 Core Scientific Signs AI Contract 20:49 Iris Energy Power Usage Spike 24:43 Miners Holding BTC 30:27 Paraguay Mining Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
34:4509/08/2024
Decentralizing Bitcoin Mining With Bitcoin Mechanic
Decentralizing Bitcoin Mining With Bitcoin Mechanic
Welcome back to The Mining Pod! This week we are joined by Bitcoin Mechanic, arguably the face of Ocean Pool. Ocean launched in November 2023 with a lot of hope, excitement and promise, even getting a node from former Twitter CEO Jack Dorsey with an investment. The Ocean Pool team promised to decentralize Bitcoin mining through novel block template options for individual miners, a new payout structure called Tides and, to much criticism, the filtering of Ordinals and Inscription projects natively.  In this interview, we go through what happened over the course of 2024 with Ocean Pool, how its attracting hashrate, revisiting the ‘spam’ problem, block template construction and the future of Bitcoin in regards to MEV and future soft forks. Timestamps: 00:00 Start 02:08 Bitcoin Mechanic bio 05:26 Start9 & node runners 06:43 What's Ocean? 08:20 Who is Ocean different? 13:25 Block template centralization 22:27 Closed Source firmware 23:55 Ocean Biz Dev 25:03 How to attract miners? 34:56 PPLNS vs FPPS 45:03 Why would a miner switch? 49:39 How big is the market for hobbyist miners? 56:36 Corporate pools 59:31 Corporate MEV 1:03:04 Template construction 1:13:01 OPCAT & the future of BTC Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
01:23:3606/08/2024
10% Difficulty Adjustment, Riot’s Hostile Takeover, Cantor’s $2B Loan Book, and MARA’s $100M HODL
10% Difficulty Adjustment, Riot’s Hostile Takeover, Cantor’s $2B Loan Book, and MARA’s $100M HODL
Welcome back to The Mining Pod! Charlie, Will and Matt jump on the mic to discuss this week’s Bitcoin and Bitcoin mining news, including the largest Bitcoin mining difficulty adjustment since January 2023 at 10.5%, Riot’s increasing pressure on Bitfarms for control over the latter company’s future, new ASIC models debuting at Bitcoin Nashville from Auradine and MicroBT, Cantor Fitzgerald rolling out a $2 billion book for Bitcoin companies and MARA’s $100 million HODL position Timestamps: 00:00 Start 02:30 Difficulty update (NGU edition) 07:04 MinerMag: Return of the HODL 09:13 Russia Legitimizes Mining 14:57 MinerMag: Aint No Love w/ Riot & Bitfarms 18:38 Cantor Enters BTC Lending 25:17 New MicroBT rigs 26:33 New Auradine rigs 29:06 Marathon goes full HODL mode Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
33:3702/08/2024
Hive Digital’s AI Play
Hive Digital’s AI Play
Welcome back to The Mining Pod! Hive Digital is the oldest publicly listed Bitcoin mining stocks. It’s also one of the most conservative and efficient miners on the market. So why does it want to lean into AI and HPC so aggressively? We brought on Frank Holmes and Aydin Kilic of Hive Digital to understand the Canadian Bitcoin miners play, including the team’s background, the expectation on hardware turnaround time, using a Bitcoin treasury, expanding operations in Paraguay and reducing the cost to mine Bitcoin on the corporate level. Timestamps: 00:00 Start 02:22 Frank background 04:24 Aydin background 08:39 Operations update 09:58 Hardware ROI 1 yr 12:46 BTC treasuries 17:39 Conservative growth 20:13 Paraguay mining operations 26:08 Zambia plans 31:46 Reducing costs of international expansion 39:00 Mining vs HPC vs AI profitability Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
44:4430/07/2024
Wealth Optimization Strategies For Bitcoiners
Wealth Optimization Strategies For Bitcoiners
Welcome back to The Mining Pod! Ever wonder what to do with your mining stock equity, Bitcoin or other assets so you don’t get hit with a huge tax burden, financial issue or other inconvenience in life? Enter Bespoke Group, a family office and advisory focused on problems Bitcoiners face. We talk with Bespoke about managing your stack in a responsible way, from startup equity to tax structures to trusts. Timestamps: 00:00 Start 03:26 Matt's bio 04:09 Jack's bio 06:53 What is Bespoke? 14:38 Anon Bitcoiner that led to Bespoke 23:07 Convincing skeptical Bitcoiners 32:01 What's the pitch? 39:42 Stock option wealth planning 43:20 BTC income planning 56:00 Ordinals inheritance (no.. seriously) 1:00:47 What to do with gains? 1:05:33 Planning before the gains happen Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
01:09:5223/07/2024
Bitcoin & AI, IREN’s Short Report and Tether’s Mining Investments
Bitcoin & AI, IREN’s Short Report and Tether’s Mining Investments
Welcome back to The Mining Pod! In this week’s news roundup, we touch on Bitcoin network metrics, Bitcoin miners increasingly moving to AI, IREN’s short report and what it meant for the stock, Tether’s bid to take over Bitcoin mining (or, diversify revenue and asset holdings) and Charlie’s Ordinals report! Timestamps: 00:00 Start 02:58 Difficulty report 06:08 Miners pivot to AI 14:07 Iris Energy Short Report 18:40 Tether & Northern Data 23:30 Ordinals report Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
28:3219/07/2024
Mining Hardware And Infrastructure With Matt Lousteau
Mining Hardware And Infrastructure With Matt Lousteau
Welcome back to The Mining Pod! Today we’re joined by Matt Lousteau of Giga to discuss what you need in the field for mining Bitcoin! From immersion to containers to transformers, we go through your potential needs to mine Bitcoin.  Timestamps: 00:00 Start 02:24 What's new w/ Matt? 04:03 10MW deployment 04:35 Plans for Giga 07:01 Giga products 09:09 Sourcing transformers 11:17 Miner transformer needs 13:04 ASIC hardware changes 16:15 Hydro & immersion 20:08 Hydro solution form factor 22:47 Dry coolers 27:06 What are miners buying? 30:22 Transformer competition 30:50 Geopolitical sourcing risks 33:21 AI growth 35:16 Wrap Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
35:5616/07/2024
What Mining Shareholders Should Look For With Patrick Fleury
What Mining Shareholders Should Look For With Patrick Fleury
Welcome back to The Mining Pod! Today we are joined by Patrick Fleury, the CFO of publicly traded mining company TerraWulf to discuss public mining markets, TerraWulf itself and how mining shareholders should think about Bitcoin mining companies! Timestamps: 00:00 Start 02:24 Patrick's background 05:08 Terawulf partnerships 09:17 Financials 16:38 Nondisclosure is bull$#!T 20:15 Shareholder dilution 27:01 Issuing equity at a terahash value 35:27 Current lab projects 40:58 Terawulf lines of business 46:48 Cloud & GPU contracts 52:44 Energy contracts as assets Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
55:4512/07/2024
Bitcoin Blockspace As Electrical Markets With Leo Zhang
Bitcoin Blockspace As Electrical Markets With Leo Zhang
Welcome back to The Mining Pod! On today’s show, we’re sitting down with Leo Zhang of Alkimiya Protocol to discuss their novel trading solution for Bitcoin blockspace. Yes, you read that right! Alkimiya enables parties like wallets, miners or professional traders to take a position on Bitcoin blockspace. Widespread usage of this trading platform could enable wallets or others to issue on-chain transactions even when fees are high, balancing out the long term volatility of Bitcoin transaction fees. For miners, it might open up doors for trading a new commodity: Blockspace.  Timestamps: 00:00 Start 03:04 What's Alkyamya? 17:41 How can miners use? 22:54 How does it work? 24:31 Tech design of Alkyamya 26:05 Alkyamya & L2s 26:42 Building on Bitcoin 33:53 New Bitcoin proposals 39:11 Degen spillover 41:20 Final thoughts Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
42:5409/07/2024
Cleanspark Acquires Griid, Northern Data IPO and ASIC Theft
Cleanspark Acquires Griid, Northern Data IPO and ASIC Theft
Will, Charlie and Matt jump back behind the mic to chomp on this week’s Bitcoin and Bitcoin mining news–and what a week it was! We cover Cleanspark’s plans to purchase Bitcoin miner Griid, Northern Data and Genesis Digital Assets (GDA)eyeing public markets for the first time and we wrap up with a short local story on ASIC theft.  Timestamps: 00:00 Start 05:18 Cleanspark Acquisition 14:07 Northern Data IPO 20:05 GDA IPO 26:28 Bad Boys: ASIC thief 28:08 Ordinals number go down :( Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
31:3205/07/2024
Mining Pool Centralization With CheckSum
Mining Pool Centralization With CheckSum
Industry expert Ian Descôteaux from Pow.Re discusses evidence of pool consolidation, risks to Bitcoin, and potential solutions for decentralization. This podcast explores the growing centralization of Bitcoin mining pools, focusing on proxy pools and their potential impact on the network. Timestamps: 00:00 Start 02:48 Checksum's bio 03:34 Canada & South America hash rate 06:42 Mining pool centralization 09:14 Proxy pools 11:57 Proxy pool diagram 13:57 F2Pool use proxy? 15:14 F2Pool block template 16:09 Cobo yield & risk 19:31 Merkle tree evidence 25:28 UTXO accelerator 29:59 Selfish mining & 51% 33:35 Covenants 36:26 Antpool incentives 38:38 Block withholding attacks 40:17 How to fix? 43:32 Are new pools likely? 45:52 Final thoughts Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset.  Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz. Learn more about your ad choices. Visit megaphone.fm/adchoices
47:1502/07/2024
Non-Standard Bitcoin With Portland Hodl
Non-Standard Bitcoin With Portland Hodl
Portland Hodl, a Bitcoin developer with Marathon Digital, discusses Slipstream, Bitcoin Core, soft forks, and the future of Bitcoin. He shares insights on mining innovations, blockchain reorganizations, and the importance of Bitcoin education. The conversation covers technical aspects and broader implications for Bitcoin's development and adoption. Timestamps: 00:00 Start 02:54 Thought on Bitcoin 06:24 Slipstream 12:42 Consensus vs standardness 19:35 Slipstream technical challenges 26:35 Slipstream profitability 29:00 Why don't more pools MEV? 34:46 Not enough developers 41:17 The infamous/famous M block 49:12 Bitcoin has always been a data storage network 52:19 Re-org of Testnet4 59:39 Testnet3 hijinks 1:06:48 Thoughts on Bitcoin Core 1:13:15 Client diversity 1:17:58 Softforks 1:24:48 Consequences of softforks 1:34:42 Orange-pilling people 1:37:20 What Bitcoiners DON'T understand Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz.  Learn more about your ad choices. Visit megaphone.fm/adchoices
01:44:1328/06/2024
INTERVIEW: Bitmain’s Newest ASIC Miner
INTERVIEW: Bitmain’s Newest ASIC Miner
Will and Charlie jump on the microphone to discuss Bitmain’s newest ASICs, the S21 XP and S21 XP Hydro miners! We compare against other ASICs like Canaan, Bitdeer and MicroBT while taking a larger view about how the ASIC market is going to transform over the next few years. We cover topics like AI infrastructure, commoditization of chips and how to compete in a centralized ASIC market! Timestamps: 00:00 Start 04:11 S21 Hydro 06:53 Rackspace & rigs swapping 13:46 AntSpaces 15:56 Bitmain competitors 22:54 Rig "commoditization" 26:18 New Rig makers 42:46 Final thoughts Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
30:1225/06/2024
INTERVIEW: Dogecoin’s Newest ASIC Miner
INTERVIEW: Dogecoin’s Newest ASIC Miner
Ben Weng and Payne Cong of Foundation Logic, the team behind the new ElphaPex Dogecoin/Litcoin miner, join The Mining Pod to discuss their new ASIC mining startup, competing with industry giants, and the future of script mining. Learn about hardware startups, profitability comparisons, and the potential for diversifying mining revenue. Chapters: 00:00 Start 03:20 Ben Weng background 04:29 Payne Cong background 06:32 Litecoin+Dogecoin ASIC 09:40 Why these coins? 14:50 Is Litecoin the main revenue? 18:39 Profitability 21:10 Other revenue sources 24:40 Calculators 25:50 Hardware form factor 28:15 Repairs 33:41 Chips & production 35:56 What foundry 36:50 Chip allocations from Samsung 38:40 Bitmain competition 42:46 Final thoughts Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
49:3921/06/2024
INTERVIEW: Powering Texas’ Mining Boom With Ryan Nuckolls
INTERVIEW: Powering Texas’ Mining Boom With Ryan Nuckolls
Ryan Nuckolls, a 10th-generation Texan and Bitcoin veteran, discusses the intersection of energy and Bitcoin mining in Texas. He shares insights on optimizing mining infrastructure, the benefits of Bitcoin for the Texas grid, and the industry's future. Nuckolls believes Texas is poised for significant growth in Bitcoin mining. Chapters: 03:12 Ryan's background 04:38 Infrastructure as a service 08:24 Generation vs demand 11:03 When Bitcoin came to ERCOT 13:47 Example deal 16:26 Due diligence beforehand 17:13 Capital intensive ops 19:25 Demand on ERCOT 21:43 Trading energy on ERCOT 25:35 What is energy trading? 30:06 The future of ERCOT & Bitcoin Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz. Learn more about your ad choices. Visit megaphone.fm/adchoices
36:3618/06/2024
INTERVIEW: Flare Gas Bitcoin Mining In 2024
INTERVIEW: Flare Gas Bitcoin Mining In 2024
Ever wonder if this flare gas thing with Bitcoin mining is real? Can it actually scale to solve real world climate issues? And how would someone go about making a project like that in the first place? Justin Ballard, General Counsel at Akon Energy & Founding Partner at Firm 21, shares insights on Bitcoin mining's legal landscape, energy deals, flare gas mining, and the industry's future. He discusses the challenges and opportunities in navigating this space, drawing parallels to the oil and gas industry. Chapter Markers: 00:00 Start 04:37 Justin's background 08:37 Mining legal structures 15:41 Energy deal examples 18:55 Flare gas reality check 23:30 Legal gas mining deals 30:00 Learnings big/small operations Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
35:1914/06/2024
INTERVIEW: The Future Of Mining Hardware
INTERVIEW: The Future Of Mining Hardware
The hardware game is becoming more competitive, with new entrants like Jack Dorsey’s Block, Marathon Digital-backed Auradine and more. And then there’s this whole AI thing which mining CEOs and others keep talking about!  To make it straight, we brought on ePIC Blockchain co-founder Earl Mai to discuss ePIC’s hardware product line, the difficulties of getting a hardware startup off the ground, what its like to compete against Bitmain and how mining–and AI–could converge together over the next few years! Chapter Markers: 00:00 Start 03:07 Earl's background 04:51 ePIC's products 05:45 Earl's early mining days 09:50 Moving from alts to bitcoin 12:46 ASIC design process 15:36 Why Bitmain dominates? 20:15 Bitmian chip design 21:51 Don't fight Bitmain 24:41 Components 26:18 Shoebox form factor 27:39 How not to get scammed 29:37 Next gen ASICS 30:34 Intel update 31:20 Competition in the space 33:14 Is Bitmain slowing template propagation? 39:06 Competitive edge on open network 40:43 Where's the new competitive edge? 44:20 AI and Bitcoin Mining Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
48:2811/06/2024
NEWS: Riot’s Short Report, CoreWeave’s $1 Billion Offer and BitDeer’s ASIC Play
NEWS: Riot’s Short Report, CoreWeave’s $1 Billion Offer and BitDeer’s ASIC Play
Will and Charlie dig into this week’s Bitcoin and Bitcoin mining news, including the short report leveled at Riot Platforms, CoreWeave’s declined bid to purchase Core Scientific, BitDeer buying a fabless ASIC manufacturer for $140 million in shares and lastly, Cleanspark’s involvement in the Cheyenne, Wyoming Bitcoin mining slapped with an executive order by the Biden administration. Timestamps: 00:00 Start 02:31 Difficulty update 04:51 Mining stocks 08:04 Riot & Bitfarms 16:30 Core Scientific rejects Coreweave 22:00 Desiweminer (new AISC) 27:21 Cleanspark vs White House Satoshi Action Fund's Poker Tournament at Mining Disrupt! Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices
35:3107/06/2024