THE MINING POD: Antminer S23, Swan’s Lawsuit, Pakistan 2GW Ambitions, Trump Tariffs and a Cango Update!

Jun 2, 2025

New advances in the Bitcoin mining scene are here with Bitmain's Antminer S23 series, boasting impressive efficiency. A court drama unfolds as Swan pauses its lawsuit against former mining staff. Pakistan announces bold plans for 2GW mining power, signaling growth in the industry. The 'Skull of Satoshi' stirs mixed reactions, bridging art and crypto culture. Finally, Kango pivots from vehicle making to Bitcoin mining, shaking up the market with its new focus. Tune in for lively discussions at the recent Las Vegas Bitcoin Conference!

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INSIGHT

Miners Facing JPEG Debate

Miners face a growing debate over accepting jpeg and BRC20 transactions, seen by some as spam yet often valid fees.
Practical realities force acceptance as transaction filters fail, emphasizing Bitcoin's use beyond pure monetary transfers.

INSIGHT

Bitmain's Efficiency Leap

Bitmain introduced the Antminer S23 series with sub-10 joules per terahash efficiency, a significant milestone in mining technology.
Their hydro-cooled units highlight a global footprint, heavily present in the USA, Ethiopia, Oman, and Paraguay.

INSIGHT

Swan Lawsuit Paused by Court

Swan's lawsuit against former mining employees is paused awaiting a Ninth Circuit Court review on arbitration appeal legitimacy.
The legal battle highlights complexities of mining disputes entwined with arbitration processes and possible future civil suits.

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Bitmain launched a new unit this week, plus drama around Ripple’s ‘Skull of Satoshi.”

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Welcome back to The Mining Pod! Today, Colin and Will are recording from the Las Vegas Bitcoin Conference. They drop in on topics like Bitmain's new Antminer S23 series achieving sub-10 joules per terahash efficiency, Swan's paused lawsuit against former mining employees and contractors, Pakistan's ambitious 2GW allocation announcement, the Trump administration tariff legal battles, and the legendary Skull of Satoshi donation drama. Plus, an update on Cango!

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**Notes:**

• Bitcoin price: $105K, Network Hashrate: 917 EH/s per @luxor

• Antminer S23: First sub-10 J/TH efficiency @bitmain

• Pakistan allocates 2GW for mining

• @Swanbitcoin lawsuit paused by federal judge

• Conference grew from 2K to 35K attendees @thebitcoinconference

Timestamps:

00:00 Start

01:23 Difficulty Report by @hashrateindex

04:15 Bitmain new models

07:44 Swan court case

12:04 Pakistan mining

13:59 @FractalBitcoin

14:34 Tariffs, tariffs, tariffs

18:38 Cry Corner: The Skull & Ripple

22:07 Cango

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