In this episode, Bitaxe founder Skot joins the show to discuss the new wave of affordable Bitaxe miners, the permissionless nature of Bitcoin mining, and why proof-of-work is the ideal consensus mechanism. We also delve into the odds of mining a block, centralization in Bitcoin mining, and more. Enjoy!
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Timestamps:
(00:00) Introduction to Supply Shock
(02:59) Understanding Bitaxe and Its Impact
(06:05) The Open Source Movement in Bitcoin Mining
(10:52) Ads (Core, Ledger, Ledn)
(12:25) The Open Source Movement in Bitcoin Mining (Con't)
(13:16) Building and Buying Bitaxe Miners
(20:19) The Future of Decentralized Bitcoin Mining
(22:43) The Economics of Proof-of-Work
(25:28) Ads (Core, Ledger, Ledn)
(27:33) The Economics of Proof-of-Work (Con't)
(31:44) Levels of Success for Bitaxe
(34:51) Government Involvement in Bitcoin Mining
(36:53) Challenges in Bitcoin Mining Pools
(44:59) The Centralization of Chip Manufacturing
(48:55) Identifying Bitcoin Miners on the Blockchain
(56:28) The Future of Bitcoin Mining
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Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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