Nick Hansen, cofounder and CEO of Luxor Technologies, talks about the Bitcoin mining industry, why some miners are struggling while others are succeeding, and the next steps for the industry.

Show highlights:

the current state of the Bitcoin mining industry
why miners have the lowest margin environment ever
why there are so many mining rigs sitting latent
how to calculate the profitability of mining cryptocurrency
why miners are not moving to other countries for lower energy prices
what the impact of a Core Scientific bankruptcy would be
whether finance pools to aid struggling miners are helpful
why some miners are succeeding in this environment
whether Bitcoin miners can adopt renewable resources and help with the transition to green energy
how the mining industry is going to change in the following years

Take the Unchained Podcast survey for 2022!

Unchained is doing its annual survey. Tell us how you think we’re doing and how we could improve, whether it be on the podcast, in the newsletter, or in our premium offering. Looking forward to hearing your thoughts!

Thank you to our sponsors!

Crypto.com

Ava Labs

DeFi Saver

Nick

Episode links

Troubled miners:

Miners currently weathering the storm:

Green energy:

Solar-Powered Bitcoin Miner Aspen Creek Raises $8M Despite Bear Market

Finance Pools:

Learn more about your ad choices. Visit megaphone.fm/adchoices

Krishna's Final Lesson | The Uddhava Gita | Kiental, Switzerland | Svayam Bhagavan Keshava Maharaja

Tattva by Keshava Maharaja

Outro

The AI-powered Podcast Player