The Mining Pod | Bitcoin Mining News

Today on the show we are joined again by mining analyst Anthony Power. We discuss mining stocks ripping into the green, news updates and the dangers of debt and dilution. https://compassmining.io/education/mining-stock-roundup-december-monthly-numbers/ Anthony Power: https://twitter.com/cazenove Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:23 Intro 01:15 Stock performance 12:07 Why are some stocks outperforming? 19:19 Equity dilution 24:00 The cost of debt 29:24 Small miners 35:04 Hashrate growth per company 41:29 Hashrate prediction MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg 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 Twitter: https://twitter.com/compass_mining LinkedIn: https://www.linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week’s news roundup, we talk about Genesis Capital’s Chapter 11 bankruptcy filing, DCG selling its assets and the mixed reactions to Bitcoin mining across the United States. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley STORIES https://www.coindesk.com/business/2023/01/20/genesis-owes-over-35b-to-top-50-creditors/ https://www.cnn.com/2023/01/19/us/north-carolina-crypto-mine-noise-weir-wxc/index.html https://bitcoinmagazine.com/legal/new-hampshire-commission-recommends-bitcoin-mining https://mempool.space/mining TIMESTAMPS: 00:00 Start 00:56 Genesis bankruptcy 08:04 New Hampshire looking to mining to grid balance 09:02 Don't mine near people! MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg 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 Twitter: https://twitter.com/compass_mining LinkedIn: https://www.linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are joined by John Light to discuss how the novel introduction Validity Proofs to Bitcoin could increase mining fee revenues. We also get into the costs for full nodes and if there’s a silver bullet scaling solution. https://hrf.org/zkrollups John Light: https://twitter.com/lightcoin Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:27 Intro 01:08 Human Rights Foundation Grant 03:41 What's the problem? 06:29 Validity proofs 11:40 Architecture needed to work 14:07 Scaling vs Tx throughput 17:04 What's this mean for miners? 22:23 Higher throughput & cheaper fees? 28:12 Burden for full nodes 38:44 Full node storage costs 45:12 Other solutions 52:52 Promoting new optionality MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg 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 Twitter: https://twitter.com/compass_mining LinkedIn: https://www.linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are re-joined by Bitcoin mining OG Michael Carter (BitsBeTrippin). We talk about the Consumer Electronics Show in Las Vegas, deploying hashrate and ASIC prices. Michael Carter: https://twitter.com/BitsBeTrippin Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:27 Intro 01:59 CES 2023 06:28 Cryptocurrency not Blockchain 10:04 GPU go bye bye 14:37 Becoming industrial scale miner 20:53 Difficulty adjustment history 26:55 Miner Revenue vs Yearly Average 34:08 ASIC Profit Per Day 41:23 AISC supply 44:58 Hashrate prediction MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg 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 Twitter: https://twitter.com/compass_mining LinkedIn: https://www.linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices

Gemini vs. Genesis vs. SEC the bankruptcy and securities showdown! Bitfarms possibly defaulting on a BlockFi loan. Alkimiya Raises $7M. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley STORIES https://www.coindesk.com/business/2023/01/13/bitcoin-miner-bitfarms-looks-to-amend-blockfi-loan-warns-of-default/ https://www.cnbc.com/2023/01/12/sec-charges-genesis-and-gemini-with-selling-unregistered-securities.html https://www.coindesk.com/business/2023/01/12/alkimiya-raises-72m-funding-round-to-grow-cash-flow-hedging-protocol-for-miners-stakers/ https://cointelegraph.com/news/celsius-mining-arm-announces-1-3m-sale-of-equipment https://mempool.space/mining TIMESTAMPS: 00:00 Start 00:12 Intro 01:08 Genesis investigation 05:42 BitFarms restructuring BlockFi loan 11:03 Celsius mining selling ASICs 12:19 Agora Digital no IPO 14:45 Alkimiya hedging protocol MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are joined by Colin Harper and Jaran Mellerud of Hashrate Index to talk about their mega 2022 report. We go over machine prices, state-by-state energy comparisons, mergers and bankruptcies and hashrate projections for next year. Hashrate Index: https://twitter.com/hashrateindex Colin Harper: https://twitter.com/AsILayHodling Jaran Mellerud: https://twitter.com/JMellerud Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:26 Intro 01:33 Top thoughts for '22 04:38 '22 vs '18 Bitcoin cycle 07:42 S19 XP price premium 13:12 New-Gen hardware vs. immersion & overclocking 17:24 State by state power in the US 23:14 Regulatory risk vs cheap power 25:32 Canada vs US 00:27:42:16 Bankruptcies & acquisitions 00:32:07:23 Miners staying private for longer 00:36:33:09 Global mining outlook 00:48:13:01 Hashrate prediction MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg 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 Twitter: https://twitter.com/compass_mining LinkedIn: https://www.linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices

Silvergate Bank hits some rough water and lays off staff, Marathon pays off revolving credit line, Core Scientific parts ways with Celsius, and Argo restructures its debt. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley STORIES https://www.coindesk.com/business/2023/01/05/silvergate-cuts-40-jobs-writes-off-diem-asset-acquisition/ https://www.bnnbloomberg.ca/crypto-miner-core-scientific-to-shut-37-000-celsius-rigs-1.1865410 https://www.coindesk.com/business/2023/01/05/bitcoin-miner-marathon-digital-pays-off-silvergate-revolving-credit/ https://finance.yahoo.com/news/argo-blockchain-plc-announces-transformational-070000486.html https://mempool.space/mining TIMESTAMPS: 00:00 Start 01:30 Silvergate & Genesis 05:34 Marathon 07:23 Core Scientific & Celsius 11:51 Argo Blockchain MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg 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 Twitter: https://twitter.com/compass_mining LinkedIn: https://www.linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are joined by Doug Lewin, President of Stoic Energy. We discuss the recent winter snap in Texas, what ERCOT is doing to fix the energy grid and how Bitcoin miners and other flexible loads fit into the Texas market. https://douglewin.substack.com/p/2022-cold-snap-shows-resistance-is https://linktr.ee/douglewin Doug’s Podcast: https://www.renewableenergyworld.com/the-texas-power-podcast/ Doug Lewin: https://twitter.com/douglewinenergy Will Foxley: https://twitter.com/wsfoxley SPONSOR https://foundryacademy.com Enhance your ASIC education with hands-on courses offered by Foundry. Led by industry-veteran instructors, Foundry’s Mining Technician academy programs cover a range of topics - from identifying issues and troubleshooting common hardware failures, to coursework exploring bitcoin’s global impact. TIMESTAMPS: 00:00 Start 00:52 Intro 01:36 Doug Lewin 02:21 Current state of the Texas grid 08:50 What energy source is to blame for failures? 11:13 Bad / Good Reductivity 15:56 House insulation & energy demand 22:15 Soulutions? 28:49 New power generation 34:46 Central planning of Texas grid 38:21 Energy storage 41:33 Bitcoin & critical flexible loads 44:03 2023 predictions MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg Anchor https://bit.ly/3rmb7UF Fountain https://bit.ly/3NeNTec RSS https://bit.ly/3chpULV Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are joined by Phil Jankowski, a state reporter for Dallas News, to discuss Texas’ energy market problem. We talk about the new market rules lawmakers are debating, the outlook for Texas this winter and how Bitcoin miners fit into the picture. Phil Jankowski: https://twitter.com/philjankowski Will Foxley: https://twitter.com/wsfoxley SPONSOR https://foundryacademy.com Enhance your ASIC education with hands-on courses offered by Foundry. Led by industry-veteran instructors, Foundry’s Mining Technician academy programs cover a range of topics - from identifying issues and troubleshooting common hardware failures, to coursework exploring bitcoin’s global impact. TIMESTAMPS: 00:00 Start 00:53 Intro 01:18 Who is Phil? 02:19 Texas storm reaction 04:03 Why are solutions slow? 06:27 What entities are responsible? 12:13 Free market or not? 16:31 Proposals for grid change 22:19 Incentives during peak demand 24:12 New credit system model 28:22 Current progress 31:57 People's reaction 35:00 Demand on the grid 37:09 BTC mining demand 39:49 Miners paid for flexible load 41:17 The future MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg Anchor https://bit.ly/3rmb7UF Fountain https://bit.ly/3NeNTec RSS https://bit.ly/3chpULV LEARN Every week, Compass sends a memo to 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 Twitter: https://twitter.com/compass_mining LinkedIn: https://www.linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s show, we are joined by Paul Sztorc and Austin Alexander of Layer 2 Labs, a new Bitcoin company that raised $3 million to bring sidechains to the Bitcoin network. https://layer2labs.com/ https://twitter.com/LayerTwoLabs Paul Sztorci: https://twitter.com/Truthcoin Will Foxley: https://twitter.com/wsfoxley SPONSOR https://foundryacademy.com Enhance your ASIC education with hands-on courses offered by Foundry. Led by industry-veteran instructors, Foundry’s Mining Technician academy programs cover a range of topics - from identifying issues and troubleshooting common hardware failures, to coursework exploring bitcoin’s global impact. TIMESTAMPS: 00:00 Start 01:10 Intro 01:44 Who is Paul? 02:50 Who is Austin? 04:33 ETH & Zcash on drivechains 07:10 What is merge mining? 10:08 The history of sidechains 20:49 Liquid vs sidechains 26:18 Cultural pushback against drivechains 32:53 Other scaling ideas 36:45 The BIP process 42:16 Wrap up MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://youtube.com/c/CompassMining?sub_confirmation=1 LISTEN Apple Podcasts https://apple.co/3fNfrdi Spotify https://spoti.fi/3tSf9G1 Amazon https://amzn.to/3557cqg Anchor https://bit.ly/3rmb7UF Fountain https://bit.ly/3NeNTec RSS https://bit.ly/3chpULV LEARN Every week, Compass sends a memo to 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 Twitter: https://twitter.com/compass_mining LinkedIn: https://www.linkedin.com/company/compassmining Learn more about your ad choices. Visit megaphone.fm/adchoices