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 nativel...
Aug 06, 2024•1 hr 24 min
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 S...
Aug 02, 2024•34 min
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 ...
Jul 30, 2024•45 min
Welcome back to The Mining Pod! Ever wonder what to do with your mining stock equity, Bitcoin or other assets so you don’t get hit with a huge tax burden, financial issue or other inconvenience in life? Enter Bespoke Group, a family office and advisory focused on problems Bitcoiners face. We talk with Bespoke about managing your stack in a responsible way, from startup equity to tax structures to trusts. Timestamps: 00:00 Start 03:26 Matt's bio 04:09 Jack's bio 06:53 What is Bespoke? 14:38 Anon ...
Jul 23, 2024•1 hr 10 min
Welcome back to The Mining Pod! In this week’s news roundup, we touch on Bitcoin network metrics, Bitcoin miners increasingly moving to AI, IREN’s short report and what it meant for the stock, Tether’s bid to take over Bitcoin mining (or, diversify revenue and asset holdings) and Charlie’s Ordinals report! Timestamps: 00:00 Start 02:58 Difficulty report 06:08 Miners pivot to AI 14:07 Iris Energy Short Report 18:40 Tether & Northern Data 23:30 Ordinals report Published twice weekly, "The Mini...
Jul 19, 2024•29 min
Welcome back to The Mining Pod! Today we’re joined by Matt Lousteau of Giga to discuss what you need in the field for mining Bitcoin! From immersion to containers to transformers, we go through your potential needs to mine Bitcoin. Timestamps: 00:00 Start 02:24 What's new w/ Matt? 04:03 10MW deployment 04:35 Plans for Giga 07:01 Giga products 09:09 Sourcing transformers 11:17 Miner transformer needs 13:04 ASIC hardware changes 16:15 Hydro & immersion 20:08 Hydro solution form factor 22:47 Dr...
Jul 16, 2024•36 min
Welcome back to The Mining Pod! Today we are joined by Patrick Fleury, the CFO of publicly traded mining company TerraWulf to discuss public mining markets, TerraWulf itself and how mining shareholders should think about Bitcoin mining companies! Timestamps: 00:00 Start 02:24 Patrick's background 05:08 Terawulf partnerships 09:17 Financials 16:38 Nondisclosure is bull$#!T 20:15 Shareholder dilution 27:01 Issuing equity at a terahash value 35:27 Current lab projects 40:58 Terawulf lines of busine...
Jul 12, 2024•56 min
Welcome back to The Mining Pod! On today’s show, we’re sitting down with Leo Zhang of Alkimiya Protocol to discuss their novel trading solution for Bitcoin blockspace. Yes, you read that right! Alkimiya enables parties like wallets, miners or professional traders to take a position on Bitcoin blockspace. Widespread usage of this trading platform could enable wallets or others to issue on-chain transactions even when fees are high, balancing out the long term volatility of Bitcoin transaction fee...
Jul 09, 2024•43 min
Will, Charlie and Matt jump back behind the mic to chomp on this week’s Bitcoin and Bitcoin mining news–and what a week it was! We cover Cleanspark’s plans to purchase Bitcoin miner Griid, Northern Data and Genesis Digital Assets (GDA)eyeing public markets for the first time and we wrap up with a short local story on ASIC theft. Timestamps: 00:00 Start 05:18 Cleanspark Acquisition 14:07 Northern Data IPO 20:05 GDA IPO 26:28 Bad Boys: ASIC thief 28:08 Ordinals number go down :( Published twice we...
Jul 05, 2024•32 min
Industry expert Ian Descôteaux from Pow.Re discusses evidence of pool consolidation, risks to Bitcoin, and potential solutions for decentralization. This podcast explores the growing centralization of Bitcoin mining pools, focusing on proxy pools and their potential impact on the network. Timestamps: 00:00 Start 02:48 Checksum's bio 03:34 Canada & South America hash rate 06:42 Mining pool centralization 09:14 Proxy pools 11:57 Proxy pool diagram 13:57 F2Pool use proxy? 15:14 F2Pool block tem...
Jul 02, 2024•47 min
Portland Hodl, a Bitcoin developer with Marathon Digital, discusses Slipstream, Bitcoin Core, soft forks, and the future of Bitcoin. He shares insights on mining innovations, blockchain reorganizations, and the importance of Bitcoin education. The conversation covers technical aspects and broader implications for Bitcoin's development and adoption. Timestamps: 00:00 Start 02:54 Thought on Bitcoin 06:24 Slipstream 12:42 Consensus vs standardness 19:35 Slipstream technical challenges 26:35 Slipstr...
Jun 28, 2024•1 hr 44 min
Will and Charlie jump on the microphone to discuss Bitmain’s newest ASICs, the S21 XP and S21 XP Hydro miners! We compare against other ASICs like Canaan, Bitdeer and MicroBT while taking a larger view about how the ASIC market is going to transform over the next few years. We cover topics like AI infrastructure, commoditization of chips and how to compete in a centralized ASIC market! Timestamps: 00:00 Start 04:11 S21 Hydro 06:53 Rackspace & rigs swapping 13:46 AntSpaces 15:56 Bitmain compe...
Jun 25, 2024•30 min
Ben Weng and Payne Cong of Foundation Logic, the team behind the new ElphaPex Dogecoin/Litcoin miner, join The Mining Pod to discuss their new ASIC mining startup, competing with industry giants, and the future of script mining. Learn about hardware startups, profitability comparisons, and the potential for diversifying mining revenue. Chapters: 00:00 Start 03:20 Ben Weng background 04:29 Payne Cong background 06:32 Litecoin+Dogecoin ASIC 09:40 Why these coins? 14:50 Is Litecoin the main revenue...
Jun 21, 2024•50 min
Ryan Nuckolls, a 10th-generation Texan and Bitcoin veteran, discusses the intersection of energy and Bitcoin mining in Texas. He shares insights on optimizing mining infrastructure, the benefits of Bitcoin for the Texas grid, and the industry's future. Nuckolls believes Texas is poised for significant growth in Bitcoin mining. Chapters: 03:12 Ryan's background 04:38 Infrastructure as a service 08:24 Generation vs demand 11:03 When Bitcoin came to ERCOT 13:47 Example deal 16:26 Due diligence befo...
Jun 18, 2024•37 min
Ever wonder if this flare gas thing with Bitcoin mining is real? Can it actually scale to solve real world climate issues? And how would someone go about making a project like that in the first place? Justin Ballard, General Counsel at Akon Energy & Founding Partner at Firm 21, shares insights on Bitcoin mining's legal landscape, energy deals, flare gas mining, and the industry's future. He discusses the challenges and opportunities in navigating this space, drawing parallels to the oil and ...
Jun 14, 2024•35 min
The hardware game is becoming more competitive, with new entrants like Jack Dorsey’s Block, Marathon Digital-backed Auradine and more. And then there’s this whole AI thing which mining CEOs and others keep talking about! To make it straight, we brought on ePIC Blockchain co-founder Earl Mai to discuss ePIC’s hardware product line, the difficulties of getting a hardware startup off the ground, what its like to compete against Bitmain and how mining–and AI–could converge together over the next few...
Jun 11, 2024•48 min
Will and Charlie dig into this week’s Bitcoin and Bitcoin mining news, including the short report leveled at Riot Platforms, CoreWeave’s declined bid to purchase Core Scientific, BitDeer buying a fabless ASIC manufacturer for $140 million in shares and lastly, Cleanspark’s involvement in the Cheyenne, Wyoming Bitcoin mining slapped with an executive order by the Biden administration. Timestamps: 00:00 Start 02:31 Difficulty update 04:51 Mining stocks 08:04 Riot & Bitfarms 16:30 Core Scientif...
Jun 07, 2024•36 min
Today we’re joined by Sven Hildebrandt and Frederik Vyncke of the European Bitcoin Mining Association (EBEA) to discuss the growing regulatory threat to Bitcoin mining in Europe. Sven and Frederik detail the mining landscape, how the new MiCA regulation will affect mining, the EBEA’s push to collect mining data and how other high intensity energy industries compare to Bitcoin mining in Europe. Check out the EBEA at https://ebea.work/ Follow our guests on Twitter: @vyncke_frederik @SvenHildebrand...
Jun 06, 2024•52 min
What’s happening in the Bitcoin mining market? Did the halving bring us into a new landscape? And how are miners surviving in such hostile revenue territory? We sit down with Shanon Squires, a long time Bitcoin miner and current Chief Mining Officer at Compass Mining. Timestamps: 00:00 Start 03:02 Shannon intro 06:45 Green field vs rack ready sites 08:23 US mining vs global 10:05 Self taught 11:04 Compass mining move 12:30 Compass business update 14:58 Why has hosting survived? 17:13 The Acceler...
Jun 04, 2024•40 min
We're off at Consensus 2024 so we're airing one of our favorite shows from The Gwart Show, one of our other podcasts on the Blockspace Podcast Network. We'll be back next week with EXTRA Mining Pod shows, but enjoy this Bitcoin podcast in between! Allen Farrington, co-founder of Axiom, joins The Gwart Show to discuss scaling Bitcoin, the role of venture capital in Bitcoin’s ecosystem, his thoughts on DeFi, NFTs, and stablecoins, and the potential for Bitcoin to supplant fiat money. He also share...
May 31, 2024•1 hr 42 min
Chief Research Officer at Bitcoin miner Griid, Mike Hamilton is an experienced & well-known Bitcoin miner. But even more impressive might be his feat snagging of the second Runes ticker once the moment the protocol launched last April. Mike talks about how his experience with Bitcoin and tinkerer mentality let him beat all the other teams competing for the top Runes spots. Mike also discusses Bitcoin mining, the role miners may play going forwards, and his personal project “Mutable Trees.” F...
May 28, 2024•57 min
Welcome back to The Mining Pod! On today’s news roundup, we discuss Bitcoin mining stocks, Venezuela banning Bitcoin mining, the FIT21 bill passing the US House of Representatives, MetaMask possibly adding Bitcoin, the Rabbit AI founder’s murky Bitcoin past and more! Enjoying the show? Subscribe to the RSS feed for the podcast here . Timestamps: 00:00 Start 02:29 Difficulty update 05:02 FIT21 bill 12:07 Venezuela illegal mining 16:44 Metamask + Bitcoin 26:28 Rabbit AI 👉 Check out our NEW referr...
May 24, 2024•34 min
Welcome back to The Mining Pod! On today’s show, we’re joined by Storm Rund of the Oklahoma Bitcoin Association to discuss the groundbreaking Bitcoin legislation passed in the state of Oklahoma! In this show, Storm gives an overview of Bitcoin mining in OK (nearly over 1 gigawatt in size!), the legislative process, what the law does for Bitcoiners and what future bills Storm is working on with the OKA! Enjoying the show? Subscribe to the RSS feed for the podcast here . Timestamps: 00:00 Start 03...
May 21, 2024•41 min
Matt Kimmell and Will Foxley of Blockspace Media jump into this week’s Bitcoin and Bitcoin mining news including a network healthy check, mining stocks slowly bleeding out while Bitcoin ETFs continue to grow in strength, the Biden administration forcing the divestment of a Bitcoin mining farm from Chinese owners outside a nuclear power plant in Wyoming, and Bitfarms’ lawsuit with its former CEO! Enjoying the show? Subscribe to the RSS feed for the podcast here . Timestamps: 00:00 Start 03:34 Dif...
May 17, 2024•28 min
Taras Kulyk, CEO of Sunnyside Digital, one of the largest hardware distributors in North America, joins The Mining Pod to discuss the post-Bitcoin halving mining market, including ASIC prices, infrastructure, global shipping and M&A in the mining industry. Chapter Markers: 00:00:00 Start 00:02:18 Taras Kulyk intro 00:04:45 ASIC market update 00:07:53 ASIC buyer hesitation 00:10:29 S21 vs T21 performance 00:12:46 Where are older ASIC migrating to? 00:14:39 Electrical infrastructure procuremen...
May 14, 2024•35 min
In this week’s Mining Pod, Will and Matt dig into Bitcoin and Bitcoin mining news including: difficulty dropping 5.5%, Arkansas putting restrictions around Bitcoin mining and large Bitcoin miners pivoting into artificial intelligence (AI) infrastructure. 00:00:00 Start 00:02:07 Hashrate go down 00:06:35 Texas grid spikes 00:10:57 Canaan Avalon A15 00:17:26 Arkansas hates noise & communists 00:25:01 Miners pivot to AI infrastructure Published twice weekly, "The Mining Pod" interviews the best...
May 10, 2024•30 min
Chapter Markers: 00:00:00 Start 00:02:35 Open Timestamps does election fraud 00:07:19 Timestamp the internet? 00:08:19 Peter Todd Intro 00:10:45 Antpool block template use 00:16:33 Does Stratum V2 solve pool control? 00:17:18 Ocean Pool 00:18:19 Developers Incentivisation 00:20:19 Mining Testnet 00:21:30 Resetting Testnet 00:21:56 Ordinal Streisand Effect 00:24:16 OP_RETURN 00:24:58 1MB Runes incoming w/ Libra Relay? 00:28:23 MEV is dangerous 00:30:35 RBF transactions 00:31:20 MEV types 00:32:53...
May 07, 2024•43 min
In this week’s Mining Pod, Charlie, Matt, Will and special guest Walt Smith of Cyber Fund discuss the talks from Bitcoin developer conference Bitcoin ++ in Austin, Texas, with special focus on new soft forks for Bitcoin that could bring more programmability on-chain. 00:00 Start 01:37 What is Bitcoin ++? 05:09 Specter of MEV on Bitcoin 11:49 Defining MEV 17:23 Slipstream & Data Blobs 21:08 Protocol Ossification 23:56 OP_CAT 👉 Check out Bitcoin Season 2 and The Gwart Show . 👉 Watch our newe...
May 03, 2024•32 min
In this week’s Mining Pod, we talk with the Galaxy Digital Bitcoin mining team about their Helios Bitcoin mine in Spur, Texas, population 900! We discuss the latest film, The Big Empty, how it was received by the community and what it means to have a Bitcoin miner join rural American towns like Spur. Chapter Markers: 00:00:00 Start 00:02:01 Guest Intros 00:02:36 Helios Mine Scale 00:03:21 Guest Bios 00:07:59 Helios Facility Size 00:11:26 Immersion Mining Process 00:13:21 Living in Dickens County...
Apr 30, 2024•40 min
We go through this week’s news in Bitcoin and Bitcoin mining, including ViaBTC’s 33.3 BTC auction reward, Jack Dorsey’s Block announcing its 3 nm chip plans for a Bitcoin ASIC, and a behind the scenes look at TSMCs Arizona chip fab! 00:00:00 Start 00:07:27 Post-Halving Difficulty 00:12:16 Via BTC's Epic Sat Sale 00:16:14 Block's 3nm Mining Chip 00:20:01 Challenges for New ASICS 00:24:28 Jack Dorsey's Support 00:27:28 TSMC's Arizona Fab Issues 00:32:26 Wrap-up 👉 Check out Bitcoin Season 2 and Th...
Apr 26, 2024•34 min
