Upstream Data CEO and Founder Steve Barbour joins the pod to talk about the state of bitcoin mining and why he’s not sold on the hybrid AI-bitcoin miner trade.
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Welcome back to The Mining Pod! Today, Steve Barbour, CEO of Upstream Data, joins us for a bitcoin mining palate cleanser! We cover the current state of mining economics, his take on some of the new ASIC models coming to market, oil and gas markets, the infrastructural / operational differences between AI/HPC data centers and mining farms, and why he believes Bitcoin mining is entering a new phase of maturity with sustainable business models.
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**Notes:**
• Mining difficulty at all-time highs
• Energy partnerships crucial for profitability
• Home mining still viable for enthusiasts
• Public miners face market pressure
• Equipment costs down significantly
• Operational efficiency key to survival
Timestamps:
00:00 Start
04:11 Miner sentiment check
07:37 How much more downside?
11:28 ASIC market
14:18 Bitdeer & AISC sales
19:43 Proto ASIC design
23:18 Oil field mining
27:51 Renewables
30:00 Miner retrofit
35:58 NatGas Generators
39:53 Oil prices
41:26 Bits vs atoms
43:44 Lawsuit
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