Marty's Ƀent
A New Bitcoin Difficulty All-Time High
Even though a 27% increase in hashrate in less than three months may seem insane, you ain't seen nothing yet.
Even though a 27% increase in hashrate in less than three months may seem insane, you ain't seen nothing yet.
This is an episode filled with high signal industry knowledge.
Reggie Smith, lead FinTech analyst at JP Morgan, joins us to discuss his recent research into Bitcoin mining stocks including Riot, Marathon, Cleanspark and Cipher Mining.
The ASIC testudo is fundamentally an infrastructure play, made possible through down-clocking.
Catch up with everything that happened this week in the bitcoin mining industry.
We discuss the pressing issue of crypto fees, how to think about L2 designs for Bitcoin, criticisms of BIP 300/301 and why Bitcoin miners arn’t more involved in Bitcoin governance.
Once we reach the point where AI companies are competing on electricity price instead of access to machines the fight for cheap power contracts will become viscous and AI companies will need to have a bitcoin mining strategy to compete.
Unfortunately, at the moment it is hard to build out more reliable energy infrastructure because the unreliable infrastructure is being heavily subsidized, which is artificially manipulating opportunity costs and pricing new reliable generation sources out of the market.
