The Mining Pod | Bitcoin Mining News

Welcome back to The Mining Pod! Today, the CEO of Hashlabs Mining, Jaran Mellerud, joins Colin to discuss Bitcoin mining in Finland, Iceland, Norway, and Sweden. Bitcoin mining on the European market is almost exclusively confined to these Nordic countries – this episode explores why. Jaran and Colin discuss power markets in these countries, why mining has gotten more expensive in Sweden and Norway, the toothless attempt to ban mining in Norway, how bitcoin miners are helping with district heating in Finland, and more.Timestamps:00:00 Start01:53 Jarran intro02:31 Why is hashrate concentrated in Nordic countries?05:42 How has mining there changed recently?16:33 Cooling Hashlabs20:37 Finland nuclear surplus23:06 Finland district heating24:53 Is Norway banning mining?29:02 Iceland vs Norway AI data centers31:25 Public vs private mining33:16 Bitdeer expanding Norway36:59 Iceland & Finland hydro & geothermal38:57 Mining elsewhere in the EU?41:20 Green manufacturing failing & excess powerPublished twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media!👉 Check out Bitcoin Season 2 and The Gwart Show!Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell-Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!And Luxor Tech, Leaders In Bitcoin Mining and Compute Power!"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

We're dropping a show from Bitcoin Season 2, another podcast on Blockspace! If you enjoy the show, check it out on Spotify, Apple or wherever else you listen to podcasts!For today's Writer's Room, Colin and Charlie celebrate Running Bitcoin Day by picking through the Bitcoin Talk archives for a selection of Hal Finney's most prescient takes. Finney is famous for being the first person (after Satoshi) to run Bitcoin -- a claim to fame that involves receiving the first non-mining related transaction from Bitcoin's creator -- as well as being one of the earliest contributors to Bitcoin Core. Hal was highly active in Bitcoin's salad days and a prolific poster on Bitcoin Talk, where he provided his thoughts on Bitcoin's earliest versions, pontificated over the cryptocurrency's future, and shared ideas with its earliest adopters. Many of Hal's ideas and prognostications were incredibly incisive and clairvoyant -- almost frighteningly so -- hence the title of today's show. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For today’s news roundup, Will, Colin, and Matt are joined by Luxor CEO, Nick Hansen. The gang covers news that Blockspace broke this week pertaining to a creditor lawsuit against former executives of defunct Compute North, the erstwhile bitcoin mining hosting titan that went bankrupt in 2022. Plus, Phoenix Group’s 50 MW bitcoin mine in North Dakota, a 2024 bitcoin mining market review from Nick, and Canaan’s new home mining heater series with the Nano 3S and Avalon Mini 3. And for this week’s cry corner, popular Ethereum browser wallet Metamask is adding support for…Bitcoin? Timestamps:00:00 Start02:19 Difficulty report07:32 Creditors sue Compute North16:30 Phoenix 50MW North Dakota site27:18 Yearly overview31:15 Canaan Nano 3 home heater40:13 Cry corner: Metamask seeks Bitcoin product managerPublished twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media!👉 Check out Bitcoin Season 2 and The Gwart Show!Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell-Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nico Smid, founder of Digital Mining Solutions and co-author of their 2024 report, dives into the booming world of Bitcoin mining. He highlights a jaw-dropping 56.7% increase in hash rate this year and discusses the emergence of Ethiopia as a mining powerhouse. The conversation covers regulatory hurdles facing miners in Paraguay and the migration to Argentina and Brazil. Smid also shares insights on upcoming public miner IPOs and bold predictions for 2025, revealing what the future holds for this dynamic industry.

Welcome back to The Mining Pod! Today, Denis Rusinovich, a partner at the Cryptocurrency Mining Group, speaks to Colin about the particulars of the Russia bitcoin mining ban. News broke in December that Russia would be banning bitcoin mining in 10 regions, effective January 1, 2025 through March 15, 2031. Only the ban is not an all-out ban like the first wave of reporting would have us all believe. For today’s show, Rusinovich sets the record straight and gives us a rundown of the miners who are actually affected by the ban. Timestamps:00:00 Start03:09 Defining the "ban"07:42 Legalizing mining09:07 Identifying miners for regulation10:22 The scope of Bitcoin mining in Russia13:16 Subsidizing residential miners15:50 Effect on global hashrate17:09 Kazakhstan22:59 Russia energy crisis?25:54 Grid balancing30:40 Oil & gas production areas32:04 Chechnya33:16 What regions have the most activity?36:22 Miners vs hosting37:42 Taxes38:47 Where is investment capital coming from?42:08 Hosted miners43:17 Future of Russia mining45:21 Wrap upPublished twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media!👉 Check out Bitcoin Season 2 and The Gwart Show!Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell-Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is a crossposted podcast from Bitcoin Season 2. We've got Stephen & Matthew, engineering & product on the Bitcoin side of MagicEden, explaining how the platform combines cutting edge tech w/ intuitive product design.Follow our guests: @MakeTokensFun @summraznboi--Follow our host on X: @cbspearsBitcoin Season 2 is proudly presented by Blockspace Media, Bitcoin’s first B2B publication in Bitcoin.Follow us on X and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!---Timestamps:00:34 Intro02:19 Roles in Magic Eden, Joining Ordinals05:57 Growth in Bitcoin Ecosystem & Magic Eden’s Vision07:13 Expanding Beyond Ordinals: Runes & Ecosystem Building10:56 Marketplace Challenges & Collaboration in Engineering20:33 User Benefits: Shield Icon, Mempool Fix & Cart Optimization30:06 New Trading Features & Improved User Experience33:11 Enhancing Liquidity & Making Runes Accessible38:18 Mobile Launch & Broader Market Adaptation42:28 Magic Eden’s Future in Bitcoin Community & Challenges45:56 Future Outlook on Bitcoin Economy & Innovation Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Will and Colin are back from the holiday break with the latest news, plus an update on the ASIC hosting market from our friends at Compass. At the top of the news docket, they touch on Russia’s bitcoin mining ban, particularly which miners the ban actually affects (and which ones it doesn’t). Also in the rotation, BitFuFu’s massive 80k ASIC order from Bitmain, and an update on a few of Rhodium’s outstanding litigations. And for this week’s cry corner: pour one out for all the folks who were sad/big mad that they didn’t get invited to Michael Saylor’s $100k New Year’s Eve party…Timestamps:00:00 Start00:00 Start01:51 Difficulty update06:17 OMG Russia bans Bitcoin mining!!!!!11:59 ASIC hosting market update23:20 BitFuFu 80k miners30:50 More trouble at Rhodium36:46 Cry corner: No invite to Saylor party!Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media!👉 Check out Bitcoin Season 2 and The Gwart Show!Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell-Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Max Guise, a team member from Block’s Proto division, joins to talk about the company’s new ASIC chip. A veteran of Block, Guise has worked on everything from the Proto mining ASIC, to Square’s point-of-sale, and its hardware wallet Bitkey. During the discussion, Guise gives us a brief history of Proto’s origins, discusses the challenges of designing (and manufacturing and marketing!) a bitcoin mining ASIC, provides a timeline for the Proto ASIC rollout, and even graces us with a demo of the chip!Timestamps:00:00 Start03:21 Max bio03:56 Working at Square & CashApp04:58 Building the point of sale product06:20 Building hardware09:48 Genesis of Proto12:33 Open development13:37 The team14:59 What is Proto16:59 Selling chips19:56 Closed sourced firmware21:38 Lifecycle examination23:32 Market strategy24:33 Financing25:05 Hashrate as payment26:16 Deployment28:29 When new rig?28:59 Ecosystem of products30:13 Other components30:58 Working with competing minersPublished twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media!👉 Check out Bitcoin Season 2 and The Gwart Show!Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell-Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! Today, Advanced Crypto Services (ACS) Founder James Scaggs and Co-founder Will Middleton join to talk about all the pertinent operational considerations for bitcoin mining, including the biggest question of all: whether it’s better to buy or mine bitcoin. They touch on the repair side of the business, how some of these older generation ASICs are holding up, which models are the best bang for your buck, and common failure points for ASIC hardware.Timestamps:00:00 Start02:37 Bios04:20 10-20 MW mining operation06:51 DIY mentality08:24 Revenue11:17 ASIC resale market15:45 Rig prices vs hashprice23:13 Are S19s the new S9s?27:31 Aluminum backed hash boards30:19 Advice for beginners39:30 Off peak hour mining44:31 Upgrading rigsPublished twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media!👉 Check out Bitcoin Season 2 and The Gwart Show!Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell-Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to The Mining Pod! For this week’s Bitcoin Stock Show, we’re joined by a great friend of the show, Pennyether. Some of y’all might recognize Penny from a couple of the earnings calls we streamed on The Bitcoin Stock Show earlier this year. He’s one of the most insightful independent bitcoin mining stock analysts in the game, and in this episode, he shares his methodology for valuing bitcoin miners, which metrics he finds the most (and least) useful, and his thoughts on the AI boom in mining.Timestamps:00:00 Start03:53 The mining metrics that matter10:33 More important metrics19:24 Valuing AI and miners together26:55 A note on Bitfarms28:32 What does the market actually care about?33:10 Thoughts on convertible debt36:55 How to hedge convertible notes45:31 Bigger narratives in mining 48:10 The future of bitcoin mining and data centers52:55 What metrics aren’t worthwhile?43:02 What does 2025 look like?Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media!👉 Check out Bitcoin Season 2 and The Gwart Show!Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmellFollow this week's guest on Twitter: @penny_ether-Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. Learn more about your ad choices. Visit megaphone.fm/adchoices