Compass Mining Reviewing The Bitcoin Mining Industry's BIG Year With Nico Smid
In this episode of the Compass Mining Podcast, Nico Smid joins Jarrett to dive into the key developments that shaped Bitcoin mining in 2024. They explore critical topics like the Bitcoin halving, network hashrate growth, geographical shifts, and the economics of mining, shedding light on the challenges and opportunities facing the industry. Nico Smid provides insights into post-halving hash price dynamics, the evolution of ASIC hardware, and the intersection of Bitcoin mining with emerging technologies like AI and high-performance computing (HPC). The conversation also examines the volatility of transaction fees, the role of mining pools, and Bitmain's dominance in the ASIC market. The episode concludes with a discussion on how AI could influence Bitcoin mining and the strategies public mining companies are using to adapt to evolving market conditions.
Watch on YouTube - https://youtu.be/-T18AaECJz4 ⛏️⚡️ EPISODE CHAPTERS ⛏️⚡️ 00:00 - Nico's Intro 00:33 - Episode Intro 02:55 - Why Create An Annually Bitcoin Mining Report? 04:25 - What's The TLDR Of The Report? 06:33 - The Year Of The Halving 08:37 - The Growth Of Hashrate In 2024 15:09 - Global Trends Of Bitcoin Mining Adoption & Growth 20:00 - Network Efficiency Analysis 25:12 - Bitcoin Price In 2024 26:49 - Network Difficulty Growth 30:15 - Hash Price In 2024 33:50 - Transaction Fees 38:18 - ASIC Hardware Market 48:18 - ASIC Dominance 52:18 - PubCo Analysis GET THE REPORT TODAY - https://digitalminingsolutions.tech/2024-annual-review/ Nico's X - https://x.com/Smidnico Nico's LinkedIn - https://www.linkedin.com/in/nicosmid/ Nico's Company Website - https://digitalminingsolutions.tech/insights/
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