The Pomp Podcast cover image

The Pomp Podcast

#1299 Fred Thiel | Largest Bitcoin Miner Explains Why Bitcoin Will Explode

Jan 24, 2024
41:56
Snipd AI
Fred Thiel, Chairman & CEO of Marathon Digital Holdings, talks about energy harvesting, new bitcoin mining sites, bitcoin halving, hashrate, and outlook for 2024 on The Pomp Podcast.
Read more

Podcast summary created with Snipd AI

Quick takeaways

  • Energy harvesting utilizes stranded energy sources to make Bitcoin mining more sustainable and cost-effective.
  • Transaction fees are becoming increasingly important as a revenue source for miners, potentially replacing the block subsidy in the future.

Deep dives

Energy Harvesting and Bitcoin Mining

The podcast episode discusses the concept of energy harvesting and its impact on Bitcoin mining. Fred Teal, the CEO of Marathon Digital Holdings, explains that energy harvesting involves the utilization of stranded energy sources like methane from oil fields, landfills, and agricultural waste to generate electricity for Bitcoin mining. The waste heat produced during the mining process can also be captured and used for various industrial purposes. This approach aims to make Bitcoin mining more sustainable and cost-effective by leveraging renewable energy sources and reducing reliance on traditional power grids.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode