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11min chapter
THE MINING POD: Compute North Lawsuit, Phoenix Group’s 50 MW Site, Canaan’s Nano 3S and Avalon Mini 3
CoinDesk Podcast Network
Bitcoin Mining Challenges and Legal Struggles
This chapter explores the rising difficulty of Bitcoin mining and the correlation between hash rate and Bitcoin price, emphasizing the complexities in the mining community's understanding of economic principles. It also delves into the lawsuit against Compute North’s executives amid their company's bankruptcy, discussing the allegations of financial mismanagement and risky decisions. The conversation culminates in a reflection on the strategic choices made by miners during a volatile market period and the subsequent legal ramifications.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode