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Is Running an ASIC a Good Thing?
I think that running an ASIC is a good thing to do in your Bitcoin education. Moore's Law on the hardware itself for the rig to remain competitive over a four to 10 year period of time is really hard. Do I think it's going to replace your day job? Like we know. It seems like maybe 10, 15 years from now, maybe that's a thing.
Preston Pysh is joined by Bitcoin miner, investor and strategic thinker, Harry Sudock. They talk about the current status of the mining industry and how they're dealing with an all-time high hash rate combined with prices that are still significantly down. Harry shares his thoughts on the ever-changing policy and legal rules around Bitcoin and Bitcoin mining, and much more.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
01:28 - Harry's thoughts on the massive amount of hash rate that has recently come onto the Bitcoin network.
06:37 - Some considerations that many don't understand about the mining sector that make it so difficult to compete globally.
14:41 - Harry's thoughts on policy and legal changes in the United States.
22:09 - Why companies like Shell are now the primary sponsor of the Bitcoin Miami conference.
25:11 - What is the biggest road block preventing them from actioning such a strategy?
27:25 - What is it going to take to get more energy companies buying Bitcoin infrastructure to strengthen their earnings and delivery of power to the grid?
30:50 - A discussion around Trey Kelly's letter to the TVA power company.
34:13 - Harry's thoughts on Nuclear energy and its impact moving forward.
39:35 - Home mining and why it's so difficult.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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