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  • 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
    2024/09/20
    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
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    36 分
  • The Current State of the ASIC Miner Market With Ian Descoteaux

    The Current State of the ASIC Miner Market With Ian Descoteaux
    2024/09/17
    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
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    29 分
  • 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 (?)
    2024/09/13
    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.
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    31 分
  • Bit Digital’s AI/HPC Strategy With Sam Tabar | Bitcoin Stock Show

    Bit Digital’s AI/HPC Strategy With Sam Tabar | Bitcoin Stock Show
    2024/09/12
    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.
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    30 分
  • Blockstream’s ASIC Mining Note With Adam Back

    Blockstream’s ASIC Mining Note With Adam Back
    2024/09/10
    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.
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    1 時間 1 分
  • 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?
    2024/09/06
    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.
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    39 分
  • 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
    2024/09/05
    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.
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    1 時間 4 分
  • The Bullish Case for Bitdeer with Brandon Bailey

    The Bullish Case for Bitdeer with Brandon Bailey
    2024/09/03
    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.
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    54 分