The Mining Pod | Blockspace Media

Starting a Bitcoin mining company can be a daunting task. Sourcing hardware, finding cheap and reliable power, and maximizing miner uptime are just some of the issues new startups face. To get some insight into how to solve these issues we talked with David Kiger from Blockmetrix, a new startup mining company primarily focused on North American mining. https://blockmetrix.com Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00 Intro 00:34 Blockmetrix  01:08 Blockmetrix strategy  05:44 Blockmetrix team  09:54 Deploying capital  13:33 Choosing partners  17:41 Buying mining rigs  19:09 Finding facilities  22:53 Being a mid-tier miner  25:40 Texas  30:36 Locations for sites  33:07 Hold or sell?  34:51 Financing while holding BTC  35:51 Future predictions  36:37 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 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

Wolfie Zhao is a journalist that covers the Bitcoin mining sector. In this episode we talk about public mining firms, private loan structures, and the manufacturing race to create the most efficient miners. Wolfie Zhao: https://twitter.com/wolfiezhao Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00 Intro 00:26 Wolfie’s background 01:20 New sources of mining data 05:45 Marathon hardware count 10:13 Narratives shifting 11:26 Miners raising capital 13:08 Loan structures 20:21 Loan rates 24:12 Current interest rates 26:54 Machine manufacturing 30:54 Immersion based hashrate 39:42 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 Anchor https://bit.ly/3rmb7UF 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

Immersion mining is quickly becoming the most popular hardware configuration mainly due to the ability to overclock machines to make more profit. But putting miners in specialized cooling oil can be a messy business. In this episode we talk with Hank Tanner from Automation & Electronic about the pros and cons of immersion, configuring your setup, and the future of liquid cooled mining. https://twitter.com/tannerhank http://www.autoelect.com Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00 Intro 00:28 Hank Tanner 01:01 Why go immersion? 03:33 How to immersion mine 05:05 Things to consider 07:25 Hardware configurations 09:43 Thermal flow 10:46 Replacing fluid? 12:25 What machines are best? 18:41 Big miners getting into immersion 19:50 Secondary markets for dipped AISCs 21:29 Dismantle machines? 23:03 Profitability curves 27:30 Scaling immersions setups 28:28 Local regulators 31:25 Future of immersion 34:15 Cost per megawatt 36:25 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 Anchor https://bit.ly/3rmb7UF 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

If you are running Bitcoin miners you’ll want to be able to remotely access them. Forman’s software platform lets you manage your operation from anywhere. In this episode Dan Lawrence from Forman.mn walks us through their software platform and how it aims to simplify the many issues remote access encounters. https://foreman.mn/ Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Start 00:00 Intro 00:25 Forman software 01:19 The mining market 03:28 What firmware are most miners using? 05:13 Firmware vs. remote software 07:09 Who is using the software? 08:53 Competitive landscape 12:09 Example use case 16:34 Hardware integration 21:21 What controls do you have? 25:26 Security with remote access 28:52 Suggestions to manufacturers? 31:47 Are manufacturers open to collaborate? 35:52 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 Anchor https://bit.ly/3rmb7UF 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

If you follow the bitcoin mining space you would have routinely seen Riot Blockchain, Marathon Digital, Core Scientific and other other large mining farms market themselves as a gift to the grid in North America. But building such large facilities is not without it’s downsides. In this episode we talk with Steve Barbour from Upstream Data about censorship risks, geolocation for unreliable electricity loads, transmission loss and more. Steve: https://twitter.com/SGBarbour https://bullishthoughts.substack.com/p/the-elephants-in-the-grid Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Begin 00:00 Intro 00:29 Why mega-mines might be a folly 01:20 Logistics of decentralized hashrate 12:52 Utility companies 15:11 Unreliable power generation 17:52 Does a BTC standard fix this? 26:15 Regulation 32:01 Should we change Bitcoin?  43:24 Volunteering censorship  48:15 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 Anchor https://bit.ly/3rmb7UF 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

As the mining sector becomes more institutionalized it’s important for the Bitcoin community to always focus on building systems that are as decentralized as possible. From supply chain to block propagation, all aspects of the mining technology stack are potential failure points. In this episode we talk with Shinobi, Co-host of Block Digest about various centralization attack vectors lurking in the Bitcoin mining ecosystem. https://twitter.com/Brian_trollz https://bitcoinmagazine.com/business/is-bitcoin-mining-centralized PERSON: TWITTER HANDLE Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Begin 00:00 Intro 00:23 Centralization of the mining stack 01:10 Pools 05:52 Changing SHA256 07:32 Are pools a threat? 11:04 Betterhash & Stratum V2 16:12 Hardware centralization 18:39 Home mining 21:03 Geographic distribution 24:59 Political threats 29:00 Equipment market threats 30:33 New mining projects 36:35 Energy production threats 40:42 Threats related to Compass 45:30 Acknowledging problems 49:32 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 Anchor https://bit.ly/3rmb7UF 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

Bitcoin mining is a great way to generate value from interacting with the network but there are real operational risks that should be considered when mining. What if there was a decentralized way to use financial instruments to hedge against the uncertainties and lock-in the return upfront. Alkimiya Protocol is a smart contract system currently on testnet that allows any consensus producers (miners) to create financial contracts backed by the underlying “consensus resources”. In this episode Leo Zhang from Alkimiya Protocol discusses this permissionless open-source protocol for consensus capital markets. https://twitter.com/leorzhang https://alkimiya.io/ Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Intro 00:00 Progress on the Alkimiya Protocol? 00:51 How does it work? 04:54 Alkimiya Protocol on different chains? 15:40 Is Alkimiya Protocol defi? 17:44 Alkimiya and the future of BTC 21:33 Is there a market for this? 24:47 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 Anchor https://bit.ly/3rmb7UF 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

As regulators continue to criticize Bitcoin mining for its carbon footprint, public mining companies are getting ahead of the narrative by exclusively using renewable sources for their power. In this episode we talk with Zach Bradford from CleanSpark about being a public mining company, the challenges of ESG power sourcing, and the future of the Bitcoin mining industry. https://twitter.com/CleanSpark_Inc HOST: Whit Gibbs: https://twitter.com/BitcoinBroski 🎥 TIMESTAMPS: Begin 00:00 Intro 00:34 Zach's background 00:54 Data center energy optimization 02:55 CleanSpark vs. other miners 04:32 CleanSpark future 06:15 Mining mergers 07:30 Mining is not an arms race 09:24 Equipment lifespan 13:25 CleanSpark expansion 15:03 Why ESG mining? 18:09 Renewables vs. fossil fuels 21:44 Bitcoin community split on ESG 24:56 Regulation 27:14 Does the ESG narrative go away? 29:19 Hiring talent 32:07 What's exciting 34:00 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 Anchor https://bit.ly/3rmb7UF 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

With calls for environmental stewardship louder than ever in the business community, Bitcoin miners are frequently turning to renewable energy sources. Daniel Roberts is C-CEO of Iris Energy which mines Bitcoin with renewable energy in Australia. https://irisenergy.co https://www.linkedin.com/in/daniel-roberts-b767444/ Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: Intro  00:00 Begin  00:23 How did you get into Bitcoin?  00:58 What was challenging about moving into mining?  03:24 What does Iris Energy do?  06:02 How do you find suitable ESG locations?  08:17 Iris operations  11:00 Iris competition  13:47 Financing operations  18:33 ESG  22:40 The ESG narrative  25:15 Australia vs other locations  28:16 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 Anchor https://bit.ly/3rmb7UF 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

Where can you find deep intellectual scholarship focused on Bitcoin? The Texas Bitcoin Foundation is aiming to answer that question by producing “education about Bitcoin and related historical and scientific issues.” Natalie Smolenski Founder & Executive Director Texas Bitcoin Foundation discusses the focus of this new organization. https://www.txbitcoinfoundation.org Natalie Smolenski https://twitter.com/NSmolenski Will Foxley https://twitter.com/wsfoxley 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 Anchor https://bit.ly/3rmb7UF 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