
The Mining Pod | Bitcoin Mining News
With over 400 shows, The Mining Pod is the industry’s best resource for the latest news and strategies in Bitcoin mining. Trusted by over 3,000 subscribers, including mining executives, operators and fund managers –from JP Morgan to mining plebs. There's only 1 Mining Pod!
Latest episodes

Jul 18, 2023 • 39min
Ordinal Hashrate Bonds | James McAvity | The Mining Pod
Today we are joined by James McAvity, CEO of Cormint about their new yield product, immersion, and the realities of mining in Texas.
https://cormint.com
James: https://twitter.com/jamesmcavity
Will Foxley: https://twitter.com/wsfoxley
TIMESTAMPS:
00:00 Start
01:12 James background
02:43 Cormint background
05:07 Why immersion?
06:44 Balance Sheet
08:47 Yield on BTC
10:47 Yield product details
13:38 Wind power + debt
16:56 Why not more traditional capital raise?
19:26 Ordinal war bond
21:02 Community response to ordinals
24:26 IPO?
27:38 Future of Texas energy
31:42 ERCOT, heat, dust.. oh my!
34:55 Wrap
36:23 Dogecoin is the final boss
MINE
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Jul 15, 2023 • 10min
News Roundup: Hashrate Go Up, Binance Lays Off, XRP Case | The Mining Pod
Today we are talking about the hashrate and how it don’t give a f^#$, Binance laying off 1000 people and XRP gets some news in it’s case.
https://mempool.space/mining
https://www.coindesk.com/business/2023/07/14/binance-cut-1000-workers-in-recent-weeks-wsj
https://www.coindesk.com/consensus-magazine/2023/07/13/ripple-labs-ruling-throws-us-crypto-token-regulation-into-disarray/
Matt Kimmell: https://twitter.com/MatthewKimmell
Will Foxley: https://twitter.com/wsfoxley
TIMESTAMPS:
00:00 Start
01:01 Hashrate go up
03:03 Public miners at 25%
04:45 Binance cuts 100 staff
07:35 XRP trading surges
MINE
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Anchor https://bit.ly/3rmb7UF
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Jul 11, 2023 • 26min
How Much Energy Bitcoin Actually Uses | Karim Helmy | The Mining Pod
Today we are joined by Karim Helmy, an independent researcher. Karim walks us through his novel use of nonce analysis to study the ASIC topography of the Bitcoin network and energy footprint.
https://twitter.com/karimhelpme/status/1668592283871244288
https://coinmetrics.io/special-insights/bitcoin-nonce-analysis
Karim Helmy: https://twitter.com/karimhelpme
Will Foxley: https://twitter.com/wsfoxley
TIMESTAMPS:
00:00 Start
00:47 What is nonce analysis?
03:19 Karim's nonce research
06:29 Why aren't the chips random?
08:10 Why are models showing before their release date?
10:22 Top rigs mining the network
12:56 Antminer dominates the chart
13:57 Energy draw of the network
18:03 Is Cambridge obsolete?
21:02 Data next steps
23:21 Using data to inform purchasing times/prices?
24:31 Charting new machines
MINE
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LISTEN
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Anchor https://bit.ly/3rmb7UF
Fountain https://bit.ly/3NeNTec
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LEARN
Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD
FOLLOW
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Jul 8, 2023 • 18min
News Roundup: Miners Embrace AI & Bored Apes Get Liquidated | The Mining Pod
Today we are talking about the miners pivoting to AI and what’s up with Bored Apes?
Listener Survey
https://docs.google.com/forms/d/e/1FAIpQLSdvmgIN36Uz8Xul73lNiLADM0vyUxHCuy5WKFDsgI1qiTznuw/viewform
https://www.coindesk.com/business/2023/07/07/bitcoin-mining-is-a-game-of-survival-consolidation-and-potential-ai-diversification-bernstein/
https://www.coindesk.com/business/2023/06/30/applied-digital-stock-surges-12-after-announcing-its-third-ai-deal/
https://archive.ph/226PQ
https://www.coindesk.com/business/2023/06/30/bitcoin-miner-hive-blockchain-touts-privacy-of-ai-models-running-on-its-gpus/
Matt Kimmell: https://twitter.com/MatthewKimmell
Will Foxley: https://twitter.com/wsfoxley
TIMESTAMPS:
00:00 Start
01:53 Miner's pivot to AI
12:08 Bored Ape
MINE
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RSS https://bit.ly/3chpULV
LEARN
Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD
FOLLOW
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Jul 4, 2023 • 31min
Texas Heatwave & Bitcoin Miners | Blake King | The Mining Pod
Today we are joined by Blake King, Power Markets Engineer at Galaxy Digital. We discuss how ERCOT works, what signals energy traders look for and how battery and Bitcoin mining loads interact on the grid.
Blake King: https://twitter.com/hhornblower95
Will Foxley: https://twitter.com/wsfoxley
TIMESTAMPS:
00:00:00:00 Start
00:01:38:17 Hot in Texas
00:03:55:03 ERCOT
00:08:21:01 Demand calculations
00:10:44:29 What signals are miners looking at
00:14:19:17 Renewable issues & day ahead costs
00:19:24:06 Process for forward pricing
00:23:14:21 What to expect this summer
00:27:59:25 Flexible residential loads
MINE
Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1
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LISTEN
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Anchor https://bit.ly/3rmb7UF
Fountain https://bit.ly/3NeNTec
RSS https://bit.ly/3chpULV
LEARN
Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD
FOLLOW
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Jul 2, 2023 • 32min
Hive’s Making Moves in AI Training | Frank & Aydin | The Mining Pod
Today we are joined by Frank Holmes and Aydin Kilic of Hive Blockchain to discuss their recent ASIC acquisitions and jump into AI processing.
https://hiveblockchain.com
Will Foxley: https://twitter.com/wsfoxley
TIMESTAMPS:
00:00 Start
01:11 Pivot to AI
02:34 Ordinals
04:09 Balance sheet
06:03 ASIC ROI
11:18 6 exahash by year end
14:46 Uncommon sats
16:10 Greenhouse project
18:52 GPUs
21:16 Hive cloud
26:17 Super micro servers
28:50 AI profitability vs mining
MINE
Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1
WATCH https://youtube.com/c/CompassMining?sub_confirmation=1
LISTEN
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Fountain https://bit.ly/3NeNTec
RSS https://bit.ly/3chpULV
LEARN
Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD
FOLLOW
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Jun 27, 2023 • 34min
Meet The Spa Owner In Hot Water Over Mining Bitcoin| Jason Goodman | The Mining Pod
Today we are joined by Jason Goodman Co-Founder of Bathhouse a thermal bath & spa facility in New York that utilizes Bitcoin mining to heat their pools. We discuss infrastructure, energy costs and public reaction to learning the source of their heat.
Instagram: https://instagram.com/bathhouse
Location: 103 N 10th St, Brooklyn, NY 11249
Booking: https://na.spatime.com/abh11249/73814252/home
Jason Goodman: https://www.linkedin.com/in/jason-goodman-422780192
Will Foxley: https://twitter.com/wsfoxley
TIMESTAMPS:
00:00 Start
00:26 When the story was posted
04:58 Jason's story
07:01 Immersion setup
13:50 Temps & heat loss
17:20 Planning
23:28 I'll never buy another pool heater
24:08 Energy costs
27:49 Treasury management
28:57 Other heating ideas
MINE
Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1
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Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD
FOLLOW
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Jun 24, 2023 • 33min
The First GigaWatt Miner in the USA? | Standard Power | The Mining Pod
Today we are joined by Justin Orkney, Mining. Commercial Director at Standard Power. We discuss building a one gigawatt site in Ohio, nuclear power, and the future of demand response in North America.
https://twitter.com/StandardPower
Justin Orkney: https://twitter.com/jorkney5
Will Foxley: https://twitter.com/wsfoxley
SPONSOR
MinerMag is a research and data portal focusing on institutional bitcoin miners, consolidating company-level and network-wise data to produce coherent research articles on the state of bitcoin mining.
https://theminermag.com
TIMESTAMPS:
00:00 Start
03:08 What is Standard Power?
09:59 Ohio nuclear site
13:59 Community response
16:33 From Duke Energy to BTC mining
21:24 What's unique to BTC mining?
27:24 Finding a job
MINE
Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1
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LISTEN
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LEARN
Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD
FOLLOW
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Jun 22, 2023 • 60min
3 Big Predictions For Mining Stocks | Anthony Power | The Mining Pod
Today we are joined by Anthony Power to go over May’s monthly mining numbers. We discuss standouts like Marathon Digital and Iris Energy, energy curtailment revenues, and predictions for the mining industry.
https://compassmining.io/education/bitcoin-mining-stock-roundup-may-monthly-numbers/
Anthony Power: https://twitter.com/cazenove
Will Foxley: https://twitter.com/wsfoxley
TIMESTAMPS:
00:00 Start
00:26 Cost of BTC production
04:15 Energy contracts
06:35 Self mining updates
16:39 Terrawolf debt vs cost
22:25 Ordinals & curtailment
27:18 Market timing growth
38:41 Weather & temp
46:03 Predictions
MINE
Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1
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Amazon https://amzn.to/3557cqg
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Fountain https://bit.ly/3NeNTec
RSS https://bit.ly/3chpULV
LEARN
Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD
FOLLOW
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Jun 20, 2023 • 47min
Terra Pool’s Big Bet On Ordinals | DMG | The Mining Pod
Today we are joined by DMG’s Sheldon Bennet & Adrian Glover to talk about Ordinals. We discuss DMG’s mining profile, their carbon-neutral pool Terra, Inscriptions and uncommon satoshi mining.
https://dmgblockchain.com
Will Foxley: https://twitter.com/wsfoxley
SPONSOR
MinerMag is a research and data portal focusing on institutional bitcoin miners, consolidating company-level and network-wise data to produce coherent research articles on the state of bitcoin mining.
https://theminermag.com
TIMESTAMPS:
00:00 Start
01:40 DMG profile
07:12 Terrapool
13:36 Ordinals
15:57 Ordinals tech stack
18:03 Transaction ordering
20:06 Future of ordinals & utility
22:48 What ordinals mean for Bitcoin
25:45 Recursive & other types of ordinals
28:11 Shareholders
31:10 Value of software & zero fee pools
34:37 Ordering tnxs & MEV
36:12 Rare sats
38:35 Pricing ordinals services
39:55 Will other miners have ordinals business?
41:53 Devs considerations for ordinals
43:00 What's next for ordinals?
MINE
Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1
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LISTEN
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LEARN
Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD
FOLLOW
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