In this episode, Colin Harper sheds light on the surprising insight that 10% - 20% of the total network hashrate still resides in China, despite the ban on mining. He dives into the intricacies of bitcoin mining, discussing the 2024 halving's impact, block space demand from ordinals, the global flows of bitcoin ASICs, and the environmental myths surrounding bitcoin.

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TIMESTAMPS:

00:00:00 Intro

00:02:34 2024 Halving and miner capitulation

00:12:10 Will miners over use leverage again in the next bull market?

00:16:24 Did the China mining ban pause the 2021 bull run?

00:20:06 Hashrate derivatives?

00:28:06 Ordinals and block space

00:36:23 Time preference of block space usage

00:40:00 Global flows of bitcoin ASICs

00:44:53 Finding inexpensive energy in the US

00:51:15 Bitcoiners don’t actually hate the environment

00:54:27 Sovereign energy production

00:57:40 Is there still bitcoin mining in China?

01:01:18 Where do you see bitcoin and mining in 10-20 years?

01:05:18 Fiat is the experiment, not bitcoin

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