H4shr8 Crypto Mining Podcast

News is back! We talk about Marathon testing in prod, Bitmain and others new ASICs and Casey Rodarmor’s newest protocol (or blog turned protocol) Runes! Questions or want to sponsor? [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

We speak with Chain Reaction co-founder Alon Webman about his new Israeli startup building Bitcoin ASICs. We discuss his background at Mellanox Technologies, purchased by Nvidia for $7 billion in 2019, to forming Chain Reaction and taking on the incumbent players in Bitcoin mining. Questions or want to sponsor? [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to the show! Today we are joined by Barun Kar and Rajiv Khemani of Auradine, a new Bitcoin miner manufacturer to talk about their new 4nm Bitcoin miner.  Questions or want to sponsor? [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to the show! Today we are joined by Dylan LeClair of BTC Inc. to talk about his viral tweet concerning Bitcoin’s ‘security budget,’ macro flows into Bitcoin, and how mining stocks are poised for a breakout (after a recession, Dylan says). Questions or want to sponsor? [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to the show! A few things to announce: The show is now independent. If you'd like to reach me, email [email protected]. Second, we now have sponsors! Give our sponsors some love and reach out if you are interested in sponsoring! Lastly, we are giving away free hashrate to celebrate the another season of the podcast. Subscribe to our email list to be entered! https://theminingpod.substack.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we are joined by Alen Makhmetov a miner in Kazakhstan to talk about the realities of operating in that country. Alen Makhmetov: https://twitter.com/alenmakhmetov Will Foxley: https://twitter.com/wsfoxley SPONSOR MinerMag is a research and data portal focusing on institutional bitcoin miners, consolidating company-level and network-wise data to produce coherent research articles on the state of bitcoin mining. https://theminermag.com TIMESTAMPS: 00:00 Start 00:48 Alen profile 02:49 Mining in Russia 03:56 Mining is Kazakhstan 05:05 New regulation 07:13 Energy landscape 08:33 On-grid mining ops 09:35 China ban effect 11:47 Grid outages 15:09 4 points of new laws 17:16 National mining pool 20:34 Russia war 22:16 Importing ASICs 23:41 Russia energy cost 25:15 Crypto payments in ops 26:03 Future of mining in K and R 27:44 Large miners in K 28:25 Will R increase mining 29:14 The halving MINE Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1 WATCH https://

Today we are joined by Anthony Power to go over June’s monthly mining numbers.  https://compassmining.io/education/bitcoin-mining-stock-roundup-june-monthly-numbers/ Anthony Power: https://twitter.com/cazenove Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00:00 Start 00:02:40 Mining Metrics 00:04:40 Texas Energy Challenges 00:05:54 Full CP Program Benefits 00:07:35 Mining Stock Surge 00:09:09 Market Cap Disparities 00:10:05 Clean Spark & Cipher Momentum 00:11:56 Preparing for the Halving 00:13:28 Potential Breakout Miners 00:14:46 TerraWulf & Clean Spark Potential 00:16:22 Market Cap Considerations 00:17:57 Potential Mergers Impact 00:19:18 Investing in New Miners 00:21:14 Potential Valuation Shifts 00:23:09 Market Focus on Production 00:24:53 Importance of Financial Metrics 00:25:12 Q1 Analysis 00:26:11 Bitcoin Margin 00:27:33 Good Cash Costs 00:30:06 Bitcoin Production 00:31:20 Bitfarms Steady 00:32:13 DMG's Poor Month 00:33:27 Argo's Immersion Cooling 00:35:40 T

Today we are joined by James McAvity, CEO of Cormint about their new yield product, immersion, and the realities of mining in Texas. https://cormint.com James: https://twitter.com/jamesmcavity Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:12 James background 02:43 Cormint background 05:07 Why immersion? 06:44 Balance Sheet 08:47 Yield on BTC 10:47 Yield product details 13:38 Wind power + debt 16:56 Why not more traditional capital raise? 19:26 Ordinal war bond 21:02 Community response to ordinals 24:26 IPO? 27:38 Future of Texas energy 31:42 ERCOT, heat, dust.. oh my! 34:55 Wrap 36:23 Dogecoin is the final boss 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 wee

Today we are talking about the hashrate and how it don’t give a f^#$, Binance laying off 1000 people and XRP gets some news in it’s case. https://mempool.space/mining https://www.coindesk.com/business/2023/07/14/binance-cut-1000-workers-in-recent-weeks-wsj https://www.coindesk.com/consensus-magazine/2023/07/13/ripple-labs-ruling-throws-us-crypto-token-regulation-into-disarray/ Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:01 Hashrate go up 03:03 Public miners at 25% 04:45 Binance cuts 100 staff 07:35 XRP trading surges 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 mi

Today we are joined by Karim Helmy, an independent researcher. Karim walks us through his novel use of nonce analysis to study the ASIC topography of the Bitcoin network and energy footprint. https://twitter.com/karimhelpme/status/1668592283871244288 https://coinmetrics.io/special-insights/bitcoin-nonce-analysis Karim Helmy: https://twitter.com/karimhelpme Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:47 What is nonce analysis? 03:19 Karim's nonce research 06:29 Why aren't the chips random? 08:10 Why are models showing before their release date? 10:22 Top rigs mining the network 12:56 Antminer dominates the chart 13:57 Energy draw of the network 18:03 Is Cambridge obsolete? 21:02 Data next steps 23:21 Using data to inform purchasing times/prices? 24:31 Charting new machines 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 http

Today we are talking about the miners pivoting to AI and what’s up with Bored Apes? Listener Survey https://docs.google.com/forms/d/e/1FAIpQLSdvmgIN36Uz8Xul73lNiLADM0vyUxHCuy5WKFDsgI1qiTznuw/viewform https://www.coindesk.com/business/2023/07/07/bitcoin-mining-is-a-game-of-survival-consolidation-and-potential-ai-diversification-bernstein/ https://www.coindesk.com/business/2023/06/30/applied-digital-stock-surges-12-after-announcing-its-third-ai-deal/ https://archive.ph/226PQ https://www.coindesk.com/business/2023/06/30/bitcoin-miner-hive-blockchain-touts-privacy-of-ai-models-running-on-its-gpus/ Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:53 Miner's pivot to AI 12:08 Bored Ape 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 A

Today we are joined by Blake King, Power Markets Engineer at Galaxy Digital. We discuss how ERCOT works, what signals energy traders look for and how battery and Bitcoin mining loads interact on the grid. Blake King: https://twitter.com/hhornblower95 Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00:00:00 Start 00:01:38:17 Hot in Texas 00:03:55:03 ERCOT 00:08:21:01 Demand calculations 00:10:44:29 What signals are miners looking at 00:14:19:17 Renewable issues & day ahead costs 00:19:24:06 Process for forward pricing 00:23:14:21 What to expect this summer 00:27:59:25 Flexible residential loads 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 p

Today we are joined by Frank Holmes and Aydin Kilic of Hive Blockchain to discuss their recent ASIC acquisitions and jump into AI processing. https://hiveblockchain.com Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:11 Pivot to AI 02:34 Ordinals 04:09 Balance sheet 06:03 ASIC ROI 11:18 6 exahash by year end 14:46 Uncommon sats 16:10 Greenhouse project 18:52 GPUs 21:16 Hive cloud 26:17 Super micro servers 28:50 AI profitability vs 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 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

Today we are joined by Jason Goodman Co-Founder of Bathhouse a thermal bath & spa facility in New York that utilizes Bitcoin mining to heat their pools. We discuss infrastructure, energy costs and public reaction to learning the source of their heat.  Instagram: https://instagram.com/bathhouse Location: 103 N 10th St, Brooklyn, NY 11249 Booking: https://na.spatime.com/abh11249/73814252/home Jason Goodman: https://www.linkedin.com/in/jason-goodman-422780192 Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:26 When the story was posted 04:58 Jason's story 07:01 Immersion setup 13:50 Temps & heat loss 17:20 Planning 23:28 I'll never buy another pool heater 24:08 Energy costs 27:49 Treasury management 28:57 Other heating ideas 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/35

Today we are joined by Justin Orkney, Mining. Commercial Director at Standard Power. We discuss building a one gigawatt site in Ohio, nuclear power, and the future of demand response in North America. https://twitter.com/StandardPower Justin Orkney: https://twitter.com/jorkney5 Will Foxley: https://twitter.com/wsfoxley SPONSOR MinerMag is a research and data portal focusing on institutional bitcoin miners, consolidating company-level and network-wise data to produce coherent research articles on the state of bitcoin mining. https://theminermag.com TIMESTAMPS: 00:00 Start 03:08 What is Standard Power? 09:59 Ohio nuclear site 13:59 Community response 16:33 From Duke Energy to BTC mining 21:24 What's unique to BTC mining? 27:24 Finding a job 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/3557c

Today we are joined by Anthony Power to go over May’s monthly mining numbers. We discuss standouts like Marathon Digital and Iris Energy, energy curtailment revenues, and predictions for the mining industry. https://compassmining.io/education/bitcoin-mining-stock-roundup-may-monthly-numbers/ Anthony Power: https://twitter.com/cazenove Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:26 Cost of BTC production 04:15 Energy contracts 06:35 Self mining updates 16:39 Terrawolf debt vs cost 22:25 Ordinals & curtailment 27:18 Market timing growth 38:41 Weather & temp 46:03 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 Every week, Compass sends a memo to over 18,000 profe

Today we are joined by DMG’s Sheldon Bennet & Adrian Glover to talk about Ordinals. We discuss DMG’s mining profile, their carbon-neutral pool Terra, Inscriptions and uncommon satoshi mining. https://dmgblockchain.com Will Foxley: https://twitter.com/wsfoxley SPONSOR MinerMag is a research and data portal focusing on institutional bitcoin miners, consolidating company-level and network-wise data to produce coherent research articles on the state of bitcoin mining. https://theminermag.com TIMESTAMPS: 00:00 Start 01:40 DMG profile 07:12 Terrapool 13:36 Ordinals 15:57 Ordinals tech stack 18:03 Transaction ordering 20:06 Future of ordinals & utility 22:48 What ordinals mean for Bitcoin 25:45 Recursive & other types of ordinals 28:11 Shareholders 31:10 Value of software & zero fee pools 34:37 Ordering tnxs & MEV 36:12 Rare sats 38:35 Pricing ordinals services 39:55 Will other miners have ordinals business? 41:53 Devs considerations for ordinals 43:00 What's next for ordinals? MINE

Today we are talking about the Blockrock ETF, the Coinshares mining report, the new Blockstream mining rig and flare gas mining in Argentina with Crusoe Energy. Listener Survey https://docs.google.com/forms/d/e/1FAIpQLSdvmgIN36Uz8Xul73lNiLADM0vyUxHCuy5WKFDsgI1qiTznuw/viewform https://www.coindesk.com/tech/2023/06/13/bitmains-s19-bitcoin-miners-account-for-bulk-of-network-hashrate-says-new-research/ https://twitter.com/wolfiezhao/status/1668596600690851845 https://www.coindesk.com/tech/2023/06/13/bitcoin-infrastructure-firm-blockstream-to-unveil-its-long-awaited-mining-rig-in-3q-of-2024/ https://twitter.com/EricBalchunas/status/1669691447996456963 Charlie Spears: https://twitter.com/cbspears Tatum Turn Up: https://twitter.com/tatumturnup Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:52 Blackrock ETF 06:13 Damus debacle 07:08 Between Two ASICs 08:25 Blackrock again 10:26 Coinmetrics report 15:59 Blockstream miner 20:42 Iris Energy 25:31 Flare gas mining in Argen

Today we are joined by Jim Seto, CEO of ePIC Blockchain Technologies. We discuss designing the ePIC Blockminer, partnering with Intel and making mining rigs in North America. https://epicblockchain.io Jim Seto: https://www.linkedin.com/in/jim-seto-663149a Will Foxley: https://twitter.com/wsfoxley SPONSOR MinerMag is a research and data portal focusing on institutional bitcoin miners, consolidating company-level and network-wise data to produce coherent research articles on the state of bitcoin mining. https://theminermag.com TIMESTAMPS: 00:00 Start 01:26 Jim Seto Background 02:35 From chip fabrication to BTC 04:44 What is Epic? 08:19 The semiconductor landscape 13:09 Design vs. chip density 16:01 Nanometer are mostly marketing 19:37 Cost vs efficiency 21:55 Shipping before it's ready 24:03 Epic products 27:38 Intel partnership 30:51 Just buying chip challenges 34:30 Growing in a bear market 38:40 Geopolitics 41:35 Fabricators opinion of BTC mining MINE Start mining your own bitcoins wi

Today we are talking about BTC Prague, BitGo acquiring Prime Trust and Consensys troubles over assets. https://www.btcprague.com https://www.coindesk.com/business/2023/06/08/crypto-custody-firm-bitgo-reaches-preliminary-agreement-to-buy-prime-trust-source/ https://www.coindesk.com/business/2023/06/07/bitcoin-halving-is-coming-and-only-the-most-efficient-miners-will-survive/ https://www.coindesk.com/consensus-magazine/2023/06/08/consensys-faces-shareholder-vote-over-controversial-transfer-of-company-assets/ Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 00:51 Stories from Prague 05:50 BitGo acquires Prime Trust 10:18 BTC halving 13:38 Consensys assets 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 http