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THE MINING POD: Are You Ready for the Bitcoin Halving, Anon?
Jan 26, 2024
Will, a Bitcoin and Bitcoin mining enthusiast, joins hosts Will, Charlie, and Matt to discuss the upcoming Bitcoin halving, Swan's entry into the mining game, and Core Scientific's exit from bankruptcy. Other topics include the impact of freezing temperatures in Texas on Bitcoin mining, Bitcoin financial products, NFTs, inscriptions, and the potential chaos of the halving event.
31:35
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Quick takeaways
- Weather conditions in Texas led to a decrease in hash rate, highlighting the potential impact of localized weather events on globalized hash rates in the future.
- Publicly listed mining companies are preparing for the Bitcoin halving by shedding debt, upgrading machine efficiency, and focusing on transaction fees to mitigate revenue decrease.
Deep dives
Bitcoin network update: Hash rate and difficulty adjustment
The podcast discusses the recent update on the Bitcoin network, highlighting the hash rate and difficulty adjustment. The hash rate has reached an all-time high of 590 exahash, while the difficulty stands at 70+ trillion. The hosts explain that a recent difficulty adjustment has made it easier to find blocks due to a decrease in hash rate. They attribute this decrease to weather conditions in Texas, where miners had to turn off their ASICs or experienced curtailment events. The hosts also speculate on the impact of localized weather events on globalized hash rates in the future.
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Discover
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