The Mining Pod | Blockspace Media

Welcome back to the Mining Pod. Today we are joined by Matt Kimmell of CoinShares to go over this week’s news. We talk about the Ethereum Merge, Poolin issuing IOU tokens and a new report from Chainalysis showing crypto adoption in 2022. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00  Start 00:25  Intro 01:58  Hot takes on the ETH merge 06:15  Other aspects of the merge 09:09  Energy weight vs financial weight 12:03  BTC vs ETH narratives 15:36  ETH is not like BTC 20:01  Poolin IOU tokens 24:57  Chainalysis Report 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 Happy hashing! 🤝 #Bitcoin #BitcoinMining Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode we talk with Ethan Vera from Luxor about the Ethereum 2.0 merge and its impact on proof of work miners. Ethan Vera: https://twitter.com/ethan_vera Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00  Start 00:27  Intro 02:07  Terminal difficulty vs block height 05:25  Technical thoughts 06:42  Why no POW fight? 09:19  Why are miners still mining? 12:50  ETH POW & Luxor 14:49  ETH POW chain? 17:05  GPU hashrate switch? 18:24  Miner hostility other chains 21:46  Switching to rendering & AI? 25:27  NVIDIA & AMD stocks 26:37  Validator pools 31:50  Merge predictions 33:03  BTC 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 Happy hashing! 🤝 #Bitcoin #BitcoinMining Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt Kimmell is a Researcher with Coinshares and in the episode we talk about RIOT’s lawsuit vs GMO, Argo partnering with Intel, and Bitmain’s new low interest rate loan program. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00  Start 00:35  Intro 01:47  Bio 02:12  RIOT vs GMO lawsuit 10:09  Mining going mainstream (Vice) 19:19  Argo & Intel 21:36  MARA selling machines 28:06  Bitmain lending product 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 Happy hashing! 🤝 #Bitcoin #BitcoinMining Learn more about your ad choices. Visit megaphone.fm/adchoices

Alyse Killeen is the founding Managing Partner of StillMark a Bitcoin VC firm. In this episode we talk about the bear market’s effect on venture capital, balance sheet management, and how VC firms invest in the mining industry. Alyse Killeen:https://twitter.com/alysekilleen Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00  Start 01:06  Intro 02:33  Market outlook 05:24  Macro vs. halvening 07:44  BTC during recession 11:20  Evaluating for VC 16:31  Time horizons 21:42  Bear balance sheets 28:20  Mining VC future? 30:08  Seed vs. growth investment 34:37  Wrap 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 Happy hashing! 🤝 #Bitcoin #BitcoinMining Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to the Compass Podcast! Today we are joined by Andrew Hinkes, author and adjunct professor at New York University focusing on the intersection of law, government regulation and digital assets. We talk about the huge OFAC sanction on Ethereum mixer Tornado Cash, what it means for Bitcoin miners and further industry repercussions. Drew Hinkes: https://twitter.com/propelforward Will Foxley: https://twitter.com/wsfoxley SPONSOR https://foundryacademy.com/ 🎥 TIMESTAMPS: 00:00  Start 00:17  Foundry Academy 01:04  Intro 02:19  Drew's BTC backstory 05:05  Tornado Cash history 07:16  Censoring smart contracts 09:04  Are miners intermediaries? 11:25  Censoring Bitcoin 13:52  OFAC compliant pools 19:06  Tainting coins 24:18  Account model vs. UTXO 26:30  Legal interpretation roulette 27:38  Celebrity spam transactions 32:05  Future of OFAC regulation 36:26  Privacy coins 38:18  Wrap 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 Happy hashing! 🤝 Learn more about your ad choices. Visit megaphone.fm/adchoices

We talk with Camden Spiller from Maddox Industrial Transformer about demand for electrical infrastructure, including the consequences of the pandemic, tapering demand from Bitcoin miners and how demand destruction is easing production concerns. https://www.maddoxtransformer.com/ Camden Spiller: https://www.linkedin.com/in/camden-spiller/ Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00  Start 01:06  Intro 02:37  Maddox Industrial Transformer 04:49  Customers 06:40  Diversity of infrastructure 07:43  Experience working w/ miners 11:05  Learning the mining space 12:16  Typical examples 14:54  Miner demand 17:45  Steel & deindustrialization 19:42  Auro EV demand on transformers 23:24  COVID & workforce 30:39  Demand destruction 33:05  This miner cycle 36:16  If you could change one thing 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 Happy hashing! 🤝 #Bitcoin #BitcoinMining Learn more about your ad choices. Visit megaphone.fm/adchoices

Colin Harper is Head of Research for Hasrate Index. In this episode we talk about hashrate changes, how miners are handling the bear market, ASIC prices and the ETH2 merge (it’s like a car wreck, we can’t help ourselves..). https://hashrateindex.com/blog/hashate-index-q-2-2022-report-exit-pursued-by-a-bear/ Hashrate Index: https://twitter.com/hashrateindex Colin Harper: https://twitter.com/AsILayHodling Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00  Start 00:15  Foundry Academy 01:04  Intro 03:00  Hashrate 06:37  Heatwave & up-time 09:25  Cost to mine per state 12:46  Hashprice 17:17  Hashprice prediction 22:36  Strategies for bear market 26:26  ASIC prices 29:35  ETH 2.0 32:45  MEV vulnerability 34:45  ETH miner switch 37:27  Wrap 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 Happy hashing! 🤝 #Bitcoin #BitcoinMining Learn more about your ad choices. Visit megaphone.fm/adchoices

Jesse Davern of RK Mission Critical talks about all things related to Bitcoin mining containers. We discuss their engineering process, what deployment entails and what future containerized solutions are on the horizon. https://www.rkmissioncritical.com Jesse Davern: https://twitter.com/Daverns_Tavern Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00  Start 00:21  Foundry Academy 01:10  Intro 02:39  About Company 07:12  Other container solutions 10:39  Competitors 16:52  Brining designs to market 20:33  Building first BTC container 21:44  Container design specs 26:39  Deploying containers 32:53  Running power 34:46  Deployed projects 36:33  Future predictions 39:50  New products 45:33  Wrap 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 Happy hashing! 🤝 #Bitcoin #BitcoinMining Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode we talk with Charlie Spears from Nakamotor about the potential impacts the Celsius bankruptcy might have on miners, rising energy costs, and miners overheating. Seriously, why is it so damn hot!? Charlie Spears: https://twitter.com/cbspears Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00  Start 00:27  Foundry Academy 01:15  Intro 02:43  S19 hardware bug 05:07  Celsius bankruptcy 19:53  M & A of miners 23:11  Heat & mining 31:09  ERCOT miner response 37:50  Energy cost in bear market 40:41  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 Happy hashing! 🤝 #Bitcoin #BitcoinMining Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the show we are joined by Parker Merritt of CoinMetrics to talk about all things 2022 - Q2 data. We go through hashrate, mining revenue, energy costs and much more. https://coinmetrics.io/insights/state-of-the-market/ Parker Merrit: https://twitter.com/ParkerMerritt Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00  Start 00:22  Intro 01:33  Hashrate 05:47  Blocktime vs Difficulty 10:03  Revenue by Quarter 12:49  Cumulative Revenue 16:21  Fee Revenue 20:54  Block Fullness 28:26  Hashprice 30:30  USD Revenue vs Difficulty 35:43  Energy Cost 43:10  S19 Profit Margin 47:47  ASIC Profit by Model 49:42  Profit Margin by Model 51:49  1-Hop Analysis 55:41  Supply Held by Miners 01:00:28 Active 1-Hop Accounts 01:06:11 Wrap 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 Happy hashing! 🤝 #Bitcoin #BitcoinMining Learn more about your ad choices. Visit megaphone.fm/adchoices