Today we are joined by Zach Bradford, CEO of Cleanspark. Cleanspark is a publicly listed mining firm which has been leveraging its treasury model to scoop up distressed assets. We talk about treasury management, buying discounted contracts and energy rates. https://cleanspark.com Zach Bradford: https://twitter.com/zachkbradford Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00 Start 01:06 CleanSpark 04:43 CleanSpark contracts 08:20 Hardware 10:32 Energy contracts 14:00 Stock valuati...
Oct 04, 2022•35 min•Ep. 111
Matt Kimmell of CoinShares joins me again to talk about hashprice, difficulty, Celsius mining filing suit against Core Scientific and Rhodium testing public markets. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley STORIES https://www.theblock.co/post/173475/bitcoin-mining-difficulty-falls-2-14-after-four-consecutive-increases https://www.coindesk.com/business/2022/09/29/bitcoin-miner-rhodium-going-public-through-reverse-merger-with-silversun-technologie...
Oct 01, 2022•20 min•Ep. 112
We sat down again with Mark Rossano of C6 Capital Holdings to talk about energy markets - both international and domestic. We go through PPAs and the crazy California ISO. Mark Rossano: https://twitter.com/markfny Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00 Start 00:27 Intro 02:32 NatGas International Markets 07:31 Summer vs. Winter 11:03 Governments & energy prices 16:34 Countries swapping providers 19:16 Politicians stepping in 30:16 California energy problems 34:56 Cali...
Sep 27, 2022•47 min•Ep. 110
Today we are talking news with Matt Kimmell of CoinSharees including Compute North filing Chapter 11 bankruptcy, Stakefish slashing 25% of its staff and Bitmain lowering ASIC prices by 30%. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley STORIES https://www.coindesk.com/business/2022/09/22/crypto-mining-data-center-provider-compute-north-files-for-bankruptcy-protection/ https://www.coindesk.com/business/2022/09/23/bitcoin-miner-marathon-digital-downgrad...
Sep 24, 2022•25 min•Ep. 109
Today we are joined by Arcane Research analyst Jaran Mellerud to talk about Arcane’s new report, “How Bitcoin mining can transform the energy industry.” We discuss Bitcoin mining’s novel features, the economics of renewable energy and underrated positive externalities. Summary https://compassmining.io/education/how-bitcoin-mining-can-transform-the-energy-industry-arcane-research/ Full Report https://arcane.no/research/how-bitcoin-mining-can-transform-the-energy-industry-new-report Jaran Mellerud...
Sep 20, 2022•51 min•Ep. 108
Welcome back to the Mining Pod. Today we are joined by Matt Kimmell of CoinShares to go over this week’s news. We talk about the Ethereum Merge, Poolin issuing IOU tokens and a new report from Chainalysis showing crypto adoption in 2022. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00 Start 00:25 Intro 01:58 Hot takes on the ETH merge 06:15 Other aspects of the merge 09:09 Energy weight vs financial weight 12:03 BTC vs ETH narrative...
Sep 17, 2022•33 min•Ep. 108
In this episode we talk with Ethan Vera from Luxor about the Ethereum 2.0 merge and its impact on proof of work miners. Ethan Vera: https://twitter.com/ethan_vera Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00 Start 00:27 Intro 02:07 Terminal difficulty vs block height 05:25 Technical thoughts 06:42 Why no POW fight? 09:19 Why are miners still mining? 12:50 ETH POW & Luxor 14:49 ETH POW chain? 17:05 GPU hashrate switch? 18:24 Miner hostility other chains 21:46 Switching to re...
Sep 15, 2022•36 min•Ep. 106
Matt Kimmell is a Researcher with Coinshares and in the episode we talk about RIOT’s lawsuit vs GMO, Argo partnering with Intel, and Bitmain’s new low interest rate loan program. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00 Start 00:35 Intro 01:47 Bio 02:12 RIOT vs GMO lawsuit 10:09 Mining going mainstream (Vice) 19:19 Argo & Intel 21:36 MARA selling machines 28:06 Bitmain lending product MINE Start mining your own bitcoins w...
Aug 27, 2022•34 min•Ep. 106
Alyse Killeen is the founding Managing Partner of StillMark a Bitcoin VC firm. In this episode we talk about the bear market’s effect on venture capital, balance sheet management, and how VC firms invest in the mining industry. Alyse Killeen: https://twitter.com/alysekilleen Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00 Start 01:06 Intro 02:33 Market outlook 05:24 Macro vs. halvening 07:44 BTC during recession 11:20 Evaluating for VC 16:31 Time horizons 21:42 Bear balance sheets...
Aug 26, 2022•35 min•Ep. 105
Welcome back to the Compass Podcast! Today we are joined by Andrew Hinkes, author and adjunct professor at New York University focusing on the intersection of law, government regulation and digital assets. We talk about the huge OFAC sanction on Ethereum mixer Tornado Cash, what it means for Bitcoin miners and further industry repercussions. Drew Hinkes: https://twitter.com/propelforward Will Foxley: https://twitter.com/wsfoxley SPONSOR https://foundryacademy.com/ 🎥 TIMESTAMPS: 00:00 Start 00:1...
Aug 13, 2022•39 min•Ep. 104
We talk with Camden Spiller from Maddox Industrial Transformer about demand for electrical infrastructure, including the consequences of the pandemic, tapering demand from Bitcoin miners and how demand destruction is easing production concerns. https://www.maddoxtransformer.com/ Camden Spiller: https://www.linkedin.com/in/camden-spiller/ Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00 Start 01:06 Intro 02:37 Maddox Industrial Transformer 04:49 Customers 06:40 Diversity of infrastr...
Aug 09, 2022•39 min•Ep. 103
Colin Harper is Head of Research for Hasrate Index. In this episode we talk about hashrate changes, how miners are handling the bear market, ASIC prices and the ETH2 merge (it’s like a car wreck, we can’t help ourselves..). https://hashrateindex.com/blog/hashate-index-q-2-2022-report-exit-pursued-by-a-bear/ Hashrate Index: https://twitter.com/hashrateindex Colin Harper: https://twitter.com/AsILayHodling Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00 Start 00:15 Foundry Academy 01...
Aug 05, 2022•39 min•Ep. 102
Jesse Davern of RK Mission Critical talks about all things related to Bitcoin mining containers. We discuss their engineering process, what deployment entails and what future containerized solutions are on the horizon. https://www.rkmissioncritical.com Jesse Davern: https://twitter.com/Daverns_Tavern Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00 Start 00:21 Foundry Academy 01:10 Intro 02:39 About Company 07:12 Other container solutions 10:39 Competitors 16:52 Brining designs to ...
Jul 26, 2022•46 min•Ep. 102
In this episode we talk with Charlie Spears from Nakamotor about the potential impacts the Celsius bankruptcy might have on miners, rising energy costs, and miners overheating. Seriously, why is it so damn hot!? Charlie Spears: https://twitter.com/cbspears Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00 Start 00:27 Foundry Academy 01:15 Intro 02:43 S19 hardware bug 05:07 Celsius bankruptcy 19:53 M & A of miners 23:11 Heat & mining 31:09 ERCOT miner response 37:50 Energy co...
Jul 20, 2022•44 min•Ep. 101
Today on the show we are joined by Parker Merritt of CoinMetrics to talk about all things 2022 - Q2 data. We go through hashrate, mining revenue, energy costs and much more. https://coinmetrics.io/insights/state-of-the-market/ Parker Merrit: https://twitter.com/ParkerMerritt Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00 Start 00:22 Intro 01:33 Hashrate 05:47 Blocktime vs Difficulty 10:03 Revenue by Quarter 12:49 Cumulative Revenue 16:21 Fee Revenue 20:54 Block Fullness 28:26 Has...
Jul 13, 2022•1 hr 7 min•Ep. 99
MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg Anchor https://bit.ly/3rmb7UF RSS https://bit.ly/3chpULV LEARN Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. ✍️ Get the free newsletter in your inbox too: ...
Jun 15, 2022•39 min•Ep. 97
In a market downturn Bitcoin miners look to hedge their risk exposure with financial derivatives. In this episode of the Compass Podcast, Joshua Lim from Genesis Trading walks through the ways miners are positioning themselves financially to get through this bear market. Joshua Lim: https://twitter.com/joshua_j_lim Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00 Intro 00:32 What does Genesis do? 00:48 Short term prediction 02:57 Fed & macro 08:13 USD inflows 10:19 Genesi...
Jun 11, 2022•36 min•Ep. 96
Public mining stocks have declined in price considerably over the last six months. In this episode of the Compass Podcast, Anthony Power and Independent Analyst walks through how to evaluate companies that have growth potential in the Bitcoin mining sector. https://compassmining.io/education/how-to-value-bitcoin-mining-companies/ Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00 Intro 00:29 Simple metrics to look at 05:48 What leads to under performance 12:52 Hashrate under ma...
Jun 07, 2022•49 min•Ep. 95
Grab your warmest coat because Bitcoin winter is here. Price is down, feels are down, but hashrate is up and a block still comes every ten minutes. In this episode of the Compass Podcast, Michael Carter ( BitsBeTrippin ) walks us through how to survive a Bitcoin winter and the history of bear cycles. Michael Carter: https://twitter.com/BitsBeTrippin Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00 Intro 00:26 Terra meltdown 05:04 Multiple bear cycles 11:01 Mining through bear...
Jun 03, 2022•55 min•Ep. 94
The Texas Pacific Land Corporation was established in 1888 and owns more land than any other entity in the state. TPL just signed a Bitcoin mining deal with Mawson Infrastructure Group Inc. (NYSE: MIGI) (“Mawson”), and JAI Energy (“JAI”) to develop up to 60 megawatts of bitcoin mining on TPL’s land in West Texas. In this episode of the Compass Podcast, Justin Ballard from Jai Energy walks through the intricacies of this deal and the importance of such large entities getting into mining. Justin B...
May 24, 2022•34 min•Ep. 93
We all know that miners are flocking to Texas in search of cheap electricity but we rarely hear about their neighbor to the north, Oklahoma. In this episode of the Compass Podcast, Charlie Spears from Nakamotor gives us some insight on the Oklahoma energy landscape. Charlie Spears: https://twitter.com/cbspears https://nakamotor.io / Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00 Intro 00:28 Nakamotor 01:59 Bitcoiner to Bitcoin Miner 03:57 Oklahoma energy sources 06:15 Natur...
May 12, 2022•39 min•Ep. 92
What if we could generate electricity from the ocean by using the temperature differences between the deep ocean and the surface? That’s what Nate Harmon from Blockchain Solutions Hawaii is working on. This conversation is pretty wild so stick around to find out what manganese nodules are. Nate Harmon: https://twitter.com/BlockchainHI1 Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00:00 Intro 00:00:31 Nate's background 00:01:28 Bitcoin background 00:02:52 Blockchain Solutions...
Apr 28, 2022•50 min•Ep. 91
You’ve probably not heard but we are having a bit of a problem with inflation and specifically with energy sources like gas. Mark Rossano from C6 Capital Holdings is an expert on all things inflation and energy related. In this episode we talk with him about how inflation is affecting energy pricing across the globe and what it means for Bitcoin miners. Mark Rossano: https://twitter.com/markfny Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00:00 Intro 00:00:26 Mark's backgrou...
Apr 22, 2022•41 min•Ep. 90
In this episode we are re-joined by Blake King, a Power Systems Engineer. Blake has extensive experience working on modeling power grids. We dig into decentralized versus centralized mining setups, ERCOT and the Bitcoin mining renewable energy. Blake King https://twitter.com/hhornblower95 Will Foxley https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00 Intro 00:27 Blake's background 02:12 Mining at energy source vs mega mines 05:58 Mining at source w/ containers 07:56 Demand response 11:56 Cu...
Apr 14, 2022•47 min•Ep. 89
Over the past two years Texas has become a focal point for new Bitcoin mining deployments. In this episode we talk with Steve Kinard from the Texas Blockchain Council about the council's roll in being a liaison between industry and government, PoW versus PoS and combating FUD. https://www.linkedin.com/in/steve-kinard-jr-1144b87 https://twitter.com/txblockchain1 https://texasblockchaincouncil.org/ Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00 Intro 00:29 Steve's background ...
Apr 05, 2022•45 min•Ep. 88
Starting a Bitcoin mining company can be a daunting task. Sourcing hardware, finding cheap and reliable power, and maximizing miner uptime are just some of the issues new startups face. To get some insight into how to solve these issues we talked with David Kiger from Blockmetrix, a new startup mining company primarily focused on North American mining. https://blockmetrix.com Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00 Intro 00:34 Blockmetrix 01:08 Blockmetrix strategy 0...
Mar 29, 2022•39 min•Ep. 87
Wolfie Zhao is a journalist that covers the Bitcoin mining sector. In this episode we talk about public mining firms, private loan structures, and the manufacturing race to create the most efficient miners. Wolfie Zhao: https://twitter.com/wolfiezhao Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00 Intro 00:26 Wolfie’s background 01:20 New sources of mining data 05:45 Marathon hardware count 10:13 Narratives shifting 11:26 Miners raising capital 13:08 Loan structures 20:21 Lo...
Mar 17, 2022•42 min•Ep. 85
Immersion mining is quickly becoming the most popular hardware configuration mainly due to the ability to overclock machines to make more profit. But putting miners in specialized cooling oil can be a messy business. In this episode we talk with Hank Tanner from Automation & Electronic about the pros and cons of immersion, configuring your setup, and the future of liquid cooled mining. https://twitter.com/tannerhank http://www.autoelect.com Will Foxley: https://twitter.com/wsfoxley 🎥 TIMEST...
Mar 15, 2022•38 min•Ep. 84
If you are running Bitcoin miners you’ll want to be able to remotely access them. Forman’s software platform lets you manage your operation from anywhere. In this episode Dan Lawrence from Forman.mn walks us through their software platform and how it aims to simplify the many issues remote access encounters. https://foreman.mn/ Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00 Intro 00:25 Forman software 01:19 The mining market 03:28 What firmware are most miners using? 05:13 ...
Mar 09, 2022•37 min•Ep. 82
If you follow the bitcoin mining space you would have routinely seen Riot Blockchain, Marathon Digital, Core Scientific and other other large mining farms market themselves as a gift to the grid in North America. But building such large facilities is not without it’s downsides. In this episode we talk with Steve Barbour from Upstream Data about censorship risks, geolocation for unreliable electricity loads, transmission loss and more. Steve: https://twitter.com/SGBarbour https://bullishthoughts....
Mar 03, 2022•56 min•Ep. 82
