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

Steve Barbour

AI Summary

AI Chapters

Episode notes

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.

Bitcoin mining's disruptive potential in energy markets sparks debates on efficient energy use and operational advancements.

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.

Introduction

2min

Exploring Sponsorship and Technical Improvements with Insights on Mega Mine in Bitcoin Mining

1min

Bitcoin Mining Upstream in Energy Supply Chain

15min

Adapting Business Strategy in Response to Bitcoin Market Shifts

3min

Bitcoin Integration in Oil and Gas Business

11min

Exploring the Financial Dynamics of Oil and Bitcoin Industries

2min

Navigating the Bitcoin Mining Landscape

7min

Exploring the Relationship Between AI and Bitcoin Mining

2min

Exploring Cooling Methods for Bitcoin Mining

24min

Should you get into Bitcoin mining? Is the AI infrastructure play real? We sit down with Steve Barbour, an off-grid Bitcoin mining pioneer.

Follow along on your favorite podcast player of choice by clicking here.

Steve Barbour, owner of Bitcoin mining and oil and gas services company Upstream Data, joins the show to discuss who should get into Bitcoin mining, what problems Bitcoin mining solves and what he expects going into another Bitcoin bull market.

Chapters:

00:00:00 Start

00:02:30 Introducing Steve Barbour

00:04:12 Bitcoin mining & energy

00:07:33 Upstream Data's origins

00:14:13 Upstream Data's naming

00:19:35 Canadian oil vs. Bitcoin

00:24:35 Upstream Data's services

00:32:54 Colorado oil & Bitcoin

00:36:11 Bitcoin vs oil cycles

00:41:45 Bitcoin & AI

00:45:00 Water vs. air cooling

00:49:05 Advice for new miners

00:53:59 Mining contract tips

00:57:19 When to start mining

01:01:31 Steve on Bitcoin ordinals

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

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"The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz.

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