TFTC: A Bitcoin Podcast

#480: Bitcoin Mining State Of The Union with Harry Sudock

Feb 6, 2024

Harry Sudock, Advisor for Ten31 and expert in the mining industry, joins to discuss Griid's Nasdaq listing, the state of the mining industry, industrial adoption, demand response, energy FUD, future of mining, technical innovation, ASIC manufacturers, halvening, political influence, ETF and stocks, and Harry's role as a Ten31 advisor.

01:12:01

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Episode guests

Harry Sudock

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Episode notes

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Quick takeaways

Miners are investing in higher-efficiency mining machines and focusing on cost-consciousness to prepare for the Bitcoin halving.

Bitcoin mining is driving change and integration within the energy sector, benefitting both miners and power providers.

Engaging with policymakers and power providers is crucial for the Bitcoin mining industry to gain recognition and support in navigating the political landscape.

Deep dives

Preparing for the Bitcoin Halving

As the Bitcoin halving approaches, miners are taking various measures to prepare. One tactic is investing in higher-efficiency mining machines to improve overall fleet efficiency. Additionally, miners are focusing on cost-consciousness, ensuring they are resilient and adaptable in the face of potential revenue reductions. While the halving means earning less Bitcoin per block, it also highlights the beauty of Bitcoin's algorithmic monetary policy. Miners are eager to see how the market dynamics play out and are considering the potential impact of rising fees, the overall Bitcoin price, and network hash rate on mining economics.

Introduction

5min

Sponsors and Bitcoin's role in a world of devaluing currencies

3min

Bitcoin Mining: Recent Developments and Adoption

20min

The Importance of Nuclear Energy

4min

The Future of Bitcoin Mining: International Competition for Hash Rate

11min

The Impact of Political Risks and Weather Conditions on Bitcoin Mining

13min

Understanding Everyday Processes and Systems

2min

Teaching Money and Energy Systems

14min

Marty sits down with Harry Sudock to discuss Griid's Nasdaq listing, Harry joining Ten31 as an advisor, and talk about the mining industry as a whole.

Harry on Twitter: https://twitter.com/harry_sudock

Griid: https://griid.com/

0:00 - Intro
7:26 - Big week for Griid
11:21 - State of the mining industry
15:46 - Industrial adoption
19:43 - Demand response
23:46 - Energy FUD from the parasitic class
31:44 - Future of mining
36:06 - Technical innovation
37:27 - ASIC manufacturers
45:02 - Halvening
51:59 - Political influence and pencil making
58:27 - ETF and stocks
1:02:54 - Ten31 advisor
1:08:56 - Wrapping up

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