We Study Billionaires - The Investor’s Podcast Network BTC040: Bitcoin ASIC Manufacturing By Blockstream w/ Dr. Adam Back and Samson Mow (Bitcoin Podcast)
Aug 25, 2021
Dr. Adam Back, co-founder of Blockstream and a renowned figure in cryptography, teams up with Samson Mow, Blockstream's Chief Strategy Officer and a key voice in Bitcoin mining. They discuss the revolutionary Blockstream Modular Mining Unit, tapping into excess energy for Bitcoin mining, and the performance of the Blockstream Mining Note. The episode also covers innovations in the Lightning Network, evolving wallet technologies, and the impact of Bitcoin in the gaming industry. Their insights illuminate the future of Bitcoin mining and finance.
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Decentralized Mining with MMU
- Blockstream's Modular Mining Unit (MMU) aims to decentralize Bitcoin mining.
- It lets energy producers use excess capacity, boosting profitability and supporting zero-emission projects.
Untapped Hydro Power in Quebec
- In Montreal, Quebec, about 50% of hydro power is unused, highlighting a missed economic opportunity.
- Mining can utilize this excess energy, benefiting both energy producers and the Bitcoin network.
Blockstream Enters ASIC Production
- Blockstream is entering the ASICs business, aiming to decentralize manufacturing.
- They acquired Spondoolies' IP and team, projecting Q3 2022 market entry, focusing on enterprise-grade miners.