CoinDesk Podcast Network THE MINING POD: 2025 Predictions And Projections With BitsBeTrippin
Jan 21, 2025
Michael Carter, known as BitsBeTrippin, is a prominent YouTuber and OG Bitcoin miner who dives deep into the future of mining. He shares insights on navigating local city council meetings, balancing noise concerns with community interests. Predictions for 2025 focus on economic impacts, ASIC advancements, and evolving regulations. Carter also addresses challenges from anti-mining sentiments and emphasizes the importance of strategic advocacy for miners. His experience sheds light on the intricate landscape of Bitcoin mining and its local political dynamics.
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City Council Meeting
- Michael Carter had to advocate for a Bitcoin mine's approval at a city council meeting.
- The council questioned the mine's economic benefit and power usage, surprising Carter.
Community Engagement
- Understand the local economics and potential pushback when planning a Bitcoin mine.
- Demonstrate the mine's positive impact by highlighting local job creation and resource utilization.
Hash Price and Difficulty
- Hash price significantly influences Bitcoin mining difficulty.
- Difficulty adjustments often occur around $0.055 - $0.06 per kilowatt-hour when miners become unprofitable.