The Mining Pod | Bitcoin Mining News

In this week’s news roundup, we talk about the BlockFi Hindenburg Report, the BitDeer SPAC, Greenpeace “change the code” campaign (LOL), and Bankless Bros contemplate war…. seriously…. you can’t make this stuff up. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley STORIES https://www.theblock.co/post/222314/blockfi-sells-physical-mining-assets-amid-bankruptcy https://www.sec.gov/Archives/edgar/data/1853084/000110465923035915/tm2135137-55_prer14a.htm https://www.coindesk.com/business/2023/03/23/jack-dorseys-block-tumbles-17-after-short-seller-hindenburgs-report/ https://twitter.com/wsfoxley/status/1639007316371709959 https://twitter.com/pledditor/status/1639124930720563201 https://mempool.space/mining TIMESTAMPS: 00:00 Start 01:07 Hindenburg Block Report 04:10 BlockFi sells rigs 05:48 Bitdeer 07:24 Greenpeace nonsense 10:51 Bankless bros & war 🤡 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_miningLinkedIn: https://www.linkedin.com/company/compassmining

Today on the show we are joined by Erick Hersman, co-founder of Gridless, a Bitcoin mining company building mini-mines on stranded energy sites in Africa. We dig into micro-grid economics, mining operations in East Africa and financing continued expansion. https://gridlesscompute.com https://twitter.com/GridlessCompute Erik Hersman: https://twitter.com/whiteafrican Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:42 Mini grid economics 04:28 Setup process 07:33 Shipping hardware in East Africa 09:29 Corruption in the supply lines 10:16 Jobs 11:58 Local building regulations 15:00 Mini grid electricity costs 18:13 Renewable energy sources 19:47 Unique challenges 22:45 Geographic distribution of sites 25:08 Security 26:06 Aspirations 28:36 Bitcoin awareness locally 31:22 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

Today we discuss Marathon Digital’s playbook including its relationship with Applied Digital after the Compute North bankruptcy, movement into the UAE, S19 XP purchases and increasing mining efficiency under its hosted model. Thanks to Amanda Cavaleri for her help in making these shows possible. https://marathondh.com/ https://twitter.com/MarathonDH Fred Thiel: https://twitter.com/fgthiel Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:26 Current business strategy 08:28 The hosting model 12:31 Mining in the UAE 16:00 Energy sources in UAE 17:31 Antminer S19XP upgrades 19:47 Immersion mining 23:25 Maintaining sites 25:20 USBTC & Hut 8 26:40 Partnering behind the meter 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_miningLinkedIn: https://www.linkedin.com/company/compassmining

In this week’s news roundup, we talk about the FDIC & the Big Bad Banks, Luxor launches new mining firmware to compete with Braiins, Fidelity quietly launches it’s crypto market and the mempool filling up with JPEGs. Matt Kimmell: https://twitter.com/MatthewKimmell Will Foxley: https://twitter.com/wsfoxley STORIES https://bitcoinmagazine.com/business/luxor-launches-bitcoin-miner-firmware-made-in-the-u-s https://www.theblock.co/post/220298/fidelity-crypto-quietly-went-live-giving-millions-of-retail-customers-access-to-bitcoin-ether https://www.coindesk.com/policy/2023/03/17/fdic-denies-report-signature-bank-purchaser-must-divest-crypto/ https://twitter.com/ewarren/status/1636488503197413377 https://twitter.com/TikTokInvestors/status/1636522652545458176 https://mempool.space/mining TIMESTAMPS: 00:00 Start 04:01 LuxOS new firmware 06:27 Fidelity Crypto 09:53 FDIC & Signature Bank

Today we discuss Cleanspark’s current financials, adding hashrate quickly, buying S19j Pro+ over S19 XPs, stock compensation and future growth plans outside the US. https://cleanspark.com Zach Bradford: https://twitter.com/zachkbradford Will Foxley: https://twitter.com/wsfoxley 🎥 TIMESTAMPS: 00:00  Start 00:38  Intro 01:14  Q4 financials 03:45  Investor communications 06:40  Executive compensation 13:43  9.4 exahash target 17:39  Why smaller facilities? 21:37  Redundancy for multiple sites 26:40  Why S19 not XPs? 30:37  Mining in US vs global 33:59  Last 6 months summary 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

Today we are joined by mining analyst Anthony Power to talk about February's public miner performance. We discuss the chaos in the banking sector, big deployments from Marathon and others and some new metrics to be aware of. https://compassmining.io/education/mining-stock-roundup-february-monthly-bitcoin-mining-numbers/ Anthony Power: https://twitter.com/cazenove Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:11 Is Binance responsible for the pump? 10:46 Hashrate Utilization 20:53 HODL vs Sold 21:30 Production by EH/s 26:05 Economy of scale 37:38 Developing new metrics 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

Today we are covering SVB being taken over by the FDIC, the Biden administration proposing a 30% miner tax, Block publishing a miner development kit and call for input, and ePIC’s new mining hardware based on Intel technology. Will Foxley: https://twitter.com/wsfoxley STORIES https://education.compassmining.io/education/bitmain-changed-its-asic-design-miners-need-to-be-ready/ https://www.niagara-gazette.com/news/local_news/judge-signs-contempt-order-directing-u-s-bitcoin-to-cease-operations-in-the-falls/article_ca7e7c58-ba24-11ed-9a33-6706cd141cd1.html https://www.coindesk.com/business/2023/03/08/canadian-crypto-miner-powre-lands-100-mw-contract-in-paraguay/ https://www.mining.build/the-mining-development-kit-unlocking-innovation-in-bitcoin-mining/ https://www.coindesk.com/policy/2023/03/09/us-treasury-department-proposes-30-excise-tax-on-crypto-mining-firms/?utm_medium=referral&utm_source=rss&utm_campaign=headlines https://mempool.space/mining TIMESTAMPS: 00:00 Start 00:53 SVB collapse 02:20 30% excise tax proposal 04:15 MDK - Mining Dev Kit 05:14 100MW Paraguay dam contract 06:12 Niagara mining judgment 07:34 New ASIC miner 08:43 Bitmain ASIC design change 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

Today we are joined by David Kemmerer, co-founder of CoinLedger, to discuss crypto taxes. We go over what you need to know including taxable income, cost bases and mining specific questions. https://coinledger.io/ David Kemmerer: https://twitter.com/david_kemmerer Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:26 Coinledger Intro 03:27 Why use Coinledger? 06:28 Common questions 08:31 Reporting losses 11:58 Ordering taxable events 17:30 Mining taxes 19:39 Hobby miners 21:55 Tax loss harvesting 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

Today we’re going offroad from Bitcoin mining into an adjacent subject, decentralized storage. We are joined by Bill Schreckenstein, an engineer at Protocol Labs focused on building a decentralized alternative to cloud computing such as AWS. Bill gives us the inside scoop on Filecoin–a decentralized network for storing data. We talk about the actors, the economics and how it compares to Bitcoin mining. https://filecoin.io/ Bill Schreckenstein:https://www.linkedin.com/in/billschreckenstein Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:18 Bill's bio 05:26 Filecoin ecosystem 09:41 Adding capacity to the network 11:36 Slashing 12:50 FIL token & monetary rewards 16:50 Customer base? 21:06 Becoming a Filecoin storage provider 24:31 It's NOT like BTC 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 too: https://bit.ly/3vOGzxD FOLLOW Twitter: https://twitter.com/compass_mining LinkedIn: https://www.linkedin.com/company/compassmining

Today we are joined by Andy Long, CEO of White Rock Management. A Bitcoin mining OG, Andy walks us through the current mining landscape, his long term mining thesis and a primer on European mining opportunities. https://wrm.swiss/ Andy Long: https://twitter.com/longandy Will Foxley: https://twitter.com/wsfoxley TIMESTAMPS: 00:00 Start 01:42 Andy Long Bio 04:29 It's all about the difficulty adjustment 09:27 Surplus ASIC supply 11:59 Near future predictions 15:07 Has the cycle changed? 20:27 The halving & energy prices 25:45 Mining in Europe 28:49 Mining in the US 32:33 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