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Blockspace Media
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.
Total 333 episodes
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03/12/2024

Block’s New ASIC Miner With Core Scientific and Proto

Welcome back to the Mining Pod! On today’s show, we have an exclusive with Proto and Core Scientific, who recently announced a collaboration on a new ASIC chip design. Core Scientific–one of the largest Bitcoin miners in the world–will be buying 15 EH/s of chips to make custom units. Meanwhile, Proto will be working on selling more chips and a custom form factor of its own.  Timestamps: 00:00 Start 03:20 Building hardware at Argo 03:48 Proto miner 05:36 Proto tools development 06:29 Intel chips 08:59 Why is Core Scientific interested in ASIC creation 13:34 Collaboration vs competition 16:06 Interacting with Bitcoin needs to be easier 17:59 Geopolitics 19:54 Having US built ASICs 22:33 Have ASICs gotten better? 25:01 Repairs 27:26 Upgrading rigs 30:09 Form factor changes 35:51 AI & mining 45:36 Is AI driving site design? 50:50 15 exahash or bust? 52:34 EPIC collaboration 56:50 Launch date? 57:28 Open market sales eventually? 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
1h 4m
26/11/2024

Hut 8, US Bitcoin, And Synteq With Jaime Leverton

Former Hut 8 CEO Jaime Leverton joins The Mining Pod! We go through her time at Hut 8 building an industry leading HODL, her transition out the door though the merger with US Bitcoin Corp, to her new ventures in fintech and DeFi. We lastly touch on her interests in Bitcoin stocks and equities with some advice for other CEOs in the mining space. Timestamps: 00:00 Start 03:28 Jaime’s bio 05:37 HUT 8"s Bitcoin treasury 08:10 Jaime’s Bitcoin moment 08:53 HUT 8 & US Bitcoin merger 12:48 Exahash headlines 14:27 Merger & debt 16:35 Transitioning out of CEO role 18:37 Jaime’s the bag holder 21:57 Infrastructure 24:05 HPC & AI demand 27:57 HPC's future form factor 31:55 Chair of the board 32:58 Hashprice & predictions 33:59 What's looking good? 37:46 Thoughts on being a public company CEO 38:57 ULYS startup 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
41m
22/11/2024

ASIC Prices, Russia Restrictions, Alaska Bitcoin Mining, $4.6B Mining Stock Shorts, Bye Bye Gary

Welcome back to The Mining Pod! Colin, Charlie, and Matt are back with this week’s biggest Bitcoin mining headlines. To start, the trio dives into this week’s Mining Pod newsletter to discuss revival of the ASIC miner market. Then, they provide an update on incipient restrictions of Bitcoin mining in Russia in areas with power shortages. They also cover a novel story onHicorp tapping the largest gas reserve in the US with a bitcoin mining pilot in Alaska, yet more news on AI-pivots from bitcoin miners, and the $4.6 billion in open shorts against Bitcoin miners. Finally, for this week’s cry corner, Bitcoin and crypto professionals, pedestrians, and obsessives rejoice at the resignation of Gary Gensler.  Timestamps: CHAPTERS 00:00 Start 02:22 Difficulty update 06:31 ASIC prices rebound 13:03 Russia restricts mining in certain areas 19:50 Hilcorp natgas mining in Alaska 26:01 Miners moving to AI  34:12 $4.6bn short squeeze 36:23 Cry Corner: Gensler is gone, girl 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: @AsILayHodling, @cbspears, @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
42m
19/11/2024

Are Mining Stocks Overvalued? With JP Morgan’s Reggie Smith

JP Morgan analyst Reggie Smith rejoins Colin and Will to discuss Bitcoin mining economics, valuation metrics, and the emerging intersection with AI computing. We go through how a big bank like JP Morgan values miners, including possible costs and revenues, before focusing on AI/HPC and mining. Lastly, we finish on mining costs, dilution and relative valuations of the mining industry. Timestamps: 00:00 Start 01:53 Fintech team at JPMorgan 02:42 Valuing mining companies 03:38 Analyst goals 06:11 Miner report 07:51 Economic models 12:40 Calculating operational costs 18:38 AI and costs 21:52 How liquid is the AI compute market? 25:36 Good metrics for miner valuation? 28:42 Payroll costs 32:29 Equity dilution 39:17 AI strategies 46:40 The power of existing PPAs 51:22 Highest & lowest gains 54:18 Are miners overvalued? 58:12 M&A activity 1:01:40 Price & hashrate predictions 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
1h 6m
12/11/2024

Bitcoin Mining Capital Markets, How the Elections Benefit BTC with Mostafa Al-Mashita

Welcome back to The Mining Pod! Not so long ago, Bitcoin miners had difficulty accessing debt – they still do, but miner capital markets have improved significantly. Secure Digital Markets Co-founder and Direct of Sales and Trading Mostafa Al-Mashita joins us on this Mining Pod to explain how these markets have changed and what it will take for them to improve further. He also gives his take on what a second Trump presidency means for Bitcoin and the market more broadly.  Timestamps: 00:00 Start 02:17 Secured Digital Markets 03:20 Financial products for miners 07:11 Miner auto-liquidating 11:10 Miners using derivatives 14:04 Miner OTC desks? 17:30 Lending 20:45 Will ASIC backed loans come back? 23:46 Seizing ASICs to pay back debt 25:49 Fed funds rate changes 28:52 Has the ETF changed miner capital markets? 32:09 ETF effects 34:07 Public vs private capital access 38:36 Is capital access for private miners getting easier? 43:34 US presidential election 44:35 Chokepoint 2.0 49:03 Any personal effects of Chokepoint 2.0 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
57m
05/11/2024

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
38m
01/11/2024

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
32m
29/10/2024

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
41m
25/10/2024

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
42m
24/10/2024

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
48m
22/10/2024

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
39m
18/10/2024

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
39m
16/10/2024

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
42m
15/10/2024

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
43m
11/10/2024

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
37m
09/10/2024

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
31m
08/10/2024

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
36m
04/10/2024

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
34m
01/10/2024

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
1h 10m
27/09/2024

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
50m
24/09/2024

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
1h 18m
20/09/2024

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
35m
17/09/2024

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
28m
13/09/2024

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
30m
12/09/2024

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
29m
10/09/2024

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
1h 1m
06/09/2024

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
39m
05/09/2024

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
1h 3m
03/09/2024

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
53m
30/08/2024

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
33m
27/08/2024

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
45m
23/08/2024

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
37m
20/08/2024

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
51m
16/08/2024

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
29m
13/08/2024

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
41m
06/08/2024

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
1h 23m
02/08/2024

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
33m
30/07/2024

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
44m