The Mining Pod | Bitcoin Mining News

Watch as we go over the top highlights from Bitcoin mining's 2022 with the Coin Metrics team! 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 Sue Ennis, VP of Corp Development at Hut 8. We discuss Hut 8’s conservative growth strategy, building out alternative lines of revenue and hodling an 8,000+ Bitcoin stack. Sue Ennis: https://twitter.com/bigsuey 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 00:54 Intro 01:27 What is Hut 8? 02:47 2022 expansions 07:13 Diversified revenue 11:34 When to expand BTC operations? 13:05 Distressed asset acquisition 16:03 Expanding without selling BTC 19:25 Leveraging growth from BTC reserves 21:17 Cashflows vs reserves 25:26 Ontario news 28:21 New CFO 29:51 1-5 yr plan 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

Argo’s fat finger bankruptcy announcement retracted, Core Scientific gets a fresh cash injection and Bitmain releases new firmware but does it really make your miner more profitable? Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley STORIES https://www.theblock.co/post/194747/bitcoin-mining-report-argo-blockchain-tumbles-38-after-bankruptcy-gaffe https://bitcoinmagazine.com/business/core-scientific-lender-72-million-bailout https://twitter.com/BITMAINtech/status/1602665283768188929 https://mempool.space/mining TIMESTAMPS: 00:00 Start 01:11 Argo leak update 03:01 Core Scientific 04:59 Bitmain firmware update 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 part 1 of this two part episode, we are joined by Anthony Power to discuss November monthly mining updates. Anthony Power: https://twitter.com/cazenove 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 00:39 Intro 01:00 Potential Agro bankruptcy 08:06 Bitfarms 13:09 Hut8 21:51 Riot 28:42 DMG & Digihost 32:53 Cleanspark 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

Argo may be filing for bankruptcy in the coming weeks. The Block CEO steps down amid news of undisclosed involvement with FTX. Riot causes a fuss by announcing a switch to their mining pool. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley STORIES https://www.bloomberg.com/news/articles/2022-12-09/bitcoin-miner-argo-s-arb-shares-suspended-while-revenue-declines https://www.axios.com/2022/12/09/bankman-fried-funded-crypto-news-site-block https://www.coindesk.com/business/2022/12/05/bitcoin-miner-riot-switches-mining-pool-after-falling-short-in-november/ https://mempool.space/mining TIMESTAMPS: 00:00 Start 02:06 The Block & FTX 07:17 Thoughts on independent reporting 09:50 Argo potential bankruptcy 14:30 Riot vs Braiins 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 Ryan Condron, CEO of Titan Pool. We talk about revenue strategies for small mining pools, building a trustless hashrate marketplace and why every large miner should run their own pool. https://titan.io Ryan Condrone: https://twitter.com/ryankcondron Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:52 Intro 01:33 Titan Pool 03:17 Titan Pool growth strategy 05:22 Hashrate product (lumerin?) 09:06 How enforceable are smart contracts w/ hashrate? 12:07 Reception by miners? 16:26 Hashrate marketplace efficiencies 19:58 Miner adoption & competition 25:06 Luck & profitability 31:16 BTC reserve depletion 33:52 Debt financing 37:39 Bear cycle 41:04 The tech is sound 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

News Roundup: Blockfi, Last Hodl Standing and Manitoba’s Mining Moratorium Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley STORIES https://www.coindesk.com/business/2022/12/02/bitcoin-miners-ftx-contagion-exposure-may-amplify-industry-pain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines https://www.getrevue.co/profile/BlocksBridge/issues/miner-weekly-a-tale-of-two-mining-hodlers-1472954 https://www.coindesk.com/policy/2022/12/01/canadas-manitoba-province-enacts-18-month-moratorium-on-new-crypto-mining-reports/?utm_medium=referral&utm_source=rss&utm_campaign=headlines https://www.coindesk.com/policy/2022/11/28/ftx-fallout-continues-as-crypto-lender-blockfi-declares-bankruptcy/ https://mempool.space/mining https://twitter.com/wsfoxley/status/1597783267528171520 https://bitcointreasuries.net/ TIMESTAMPS: 00:00 Start 01:33 Difficulty adjustment 06:34 BlockFi Bankruptcy 13:06 Hut8 & Marathon 16:43 Manitoba moratorium on new miners 18:55 Texas mining 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 rejoined by Zach Bradford of Cleanspark to talk about market sentiment, mining economics, ASIC prices and what to expect from the numerous Chapter 11 filings. https://cleanspark.com Zach Bradford: https://twitter.com/zachkbradford 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 00:51 Intro 01:52 BlockFi Bankruptcy 04:48 Yield risks & volatility 08:26 Mining equities 11:08 Mining sector 14:05 New ASIC lows next 60 days 17:24 What's a good ASIC price? 18:11 Facilities 22:13 Evaluating facilities 25:11 Current financing market 31:18 Miner bankruptcy prediction 34:34 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

Today we are joined by Glyn Jones, CEO of Ice Breaker Finance. Ice Breaker is a novel DeFi application merging miner financing with on-chain contracts. We talk about the mining credit crunch, what makes a good borrower and if ASIC backed loans will survive as a collateral type. https://icebreakerfinance.biz https://twitter.com/IcebreakerDeFi Glyn Jones: https://twitter.com/glynjonesdefi 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 00:55 Intro 01:26 Icebreaker Finance 06:23 The value of DeFi for miners? 11:21 Collateral clawback? 18:22 Bad lending terms 23:04 Interest rates and LTV 32:09 Scale of the lending 34:48 ASIC Loans 39:00 Blending loan collateral 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 interview, we discuss competition among Bitcoin miners, building the world’s largest bitcoin mine during Covid, how to think about mining equities, the vertically integrated model, working with ERCOT, deploying S19 XPs and bear market mining strategies. https://www.riotblockchain.com Jason Les: https://twitter.com/jasonles_ 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 00:58 Intro 01:50 FTX collapse 03:00 Relationships in the industry 06:48 Miners having trouble 09:11 Bad decisions in mining 14:00 Miner loans and rates 22:20 Building a massive mining site 26:24 Financing expansions 31:21 Risks of mining equity 34:07 The business model of mining 39:44 Working with ERCOT 44:23 ASIC market 49:35 BTC in a broader bear market 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