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CoinDesk Podcast Network

THE MINING POD: Bitcoin Mining | Get Poor Slow? With Steve Barbour

Apr 9, 2024
Off-grid Bitcoin mining pioneer Steve Barbour discusses who should mine Bitcoin, Bitcoin's relationship with energy, integrating Bitcoin in oil and gas businesses, AI in mining, cooling methods, mining contract tips, and advice for new miners.
01:07:57

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Bitcoin mining operations are evolving towards utilizing energy sources upstream in the supply chain for cost efficiency.
  • Upstream Data integrates Bitcoin mining technology with oil and gas operations for emission reduction and cost optimization.

Deep dives

Bitcoin Mining Trends Upstream: A Shift to Energy Supply Chain

Bitcoin mining operations are evolving towards utilizing energy sources where power is generated upstream in the energy supply chain. This shift is driven by the cost efficiency of placing mining loads where power is produced, thereby trending towards energy supply chain's upstream. Companies are strategically locating Bitcoin mines at power plants to reduce distribution costs and remain competitive in the evolving energy landscape.

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