We Study Billionaires - The Investor’s Podcast Network BTC167: How Decentralized is Bitcoin Mining w/ Harry Sudock (Bitcoin Podcast)
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Jan 31, 2024 Join Bitcoin mining expert Harry Sudock as he unravels the complexities of mining operations, on-chain fees, and the future of Bitcoin mining. Discover how miners manage high transaction fees and maintain blockchain efficiency. Sudock delves into innovative practices like using Bitcoin rigs for household heating and the potential of nuclear energy in mining. Explore the economic implications of public versus private miners and gather insights about the upcoming Bitcoin halving's impact on the market.
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Hot Tub Mining
- A Bitcoiner named Schnitzel brought his hot tub to Nashville and heated it with mining rigs.
- People enjoyed the hot tub during a Bitcoin conference.
Barbellification of Mining
- Bitcoin mining is becoming barbell-shaped, with large-scale operations and niche home uses.
- Home mining for heating or hot water is in its early stages but has potential.
Mining at Home
- Start with older generation mining rigs for home use to reduce upfront costs.
- Consider the long-term cost savings and sovereign revenue benefits.