The Pomp Podcast cover image

#689 Bitcoin Mining Deep Dive w/ Nic Carter

The Pomp Podcast

00:00

The Impact of China Shutting Down Mining

China shut down mining in their country, and that kicked off er, we'll say, 90 to 95 % of all the miners in the country. When they did that, we saw hatshray go down, i think more than 50% is when it bottomed. And so that was like a truly exogenous shock, like people weren't really expecting that. It resulted in the destruction of property ofo tens of billions of dollars of chinese miners.

Play episode from 17:20
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app