We Study Billionaires - The Investor’s Podcast Network

BTC036: Bitcoin Mining Update w/ Harry Sudock (Bitcoin Podcast)

Jul 28, 2021

Harry Sudock, a Bitcoin mining expert, shares his valuable insights into the evolving landscape of Bitcoin mining. He discusses the importance of balance sheets in the industry and the significant hardware migration out of China. Harry dives into the relationship between hash rates and Bitcoin prices, while also emphasizing the role of geothermal energy in mining efficiency. He explores regulatory challenges and strategies for convincing grid operators to embrace mining, revealing where the best locations for mining might be.

01:00:31

Episode guests

Harry Sudock

Highlights

AI Chapters

Episode notes

Focus on Balance Sheet over Valuation

01:18

Tethered Relationship Between Price and Production Cost in Bitcoin Mining

01:10

Intro

2min

Navigating Finance and Bitcoin's Rise

20min

Navigating Bitcoin Mining Regulations in China

4min

Challenges and Strategies in Bitcoin Mining

18min

Simplifying Business Processes: A Spotlight on Innovative Solutions

3min

Future Trends in Bitcoin Mining and Energy Sources

5min

Navigating Bitcoin Mining Challenges

11min

The Essential Connection Between Energy and Our Future

2min

IN THIS EPISODE, YOU’LL LEARN:

01:14 - Harry's Background in Finance and Bitcoin
04:05 - Harry's thoughts on balance sheets becoming more important moving forward
10:51 - How mining businesses in the US and abroad are purchasing hardware
13:39 - Harry's thoughts on the great mining hardware migration out of China
36:06 - Does hash rate drive price or does price drive hash rate?
41:56 - Harry's thoughts on the ESG mining council
42:29 - Geothermal mining
50:53 - Harry's thoughts on regulator vulnerabilities and where the best locations to mine are
51:29 - Thoughts on the Blockstream mining note
58:26 - How to convince big stat grid operators to start mining Bitcoin
01:03:04 - When a new high in hash rate might occur

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Harry Sudock's Twitter handle
Harry's book recommendation, The Grid
Harry's company, Griid
Check out our Investing Starter Packs about business and finance
Browse through all our episodes (complete with transcripts) here