#260: The Great Mining Migration, the market for ASICs, and the near term future of hashrate with Leo Zhang
TFTC: A Bitcoin Podcast
Marty Bent
4.8 • 764 Ratings
🗓️ 30 June 2021
⏱️ 76 minutes
🧾️ Download transcript
Summary
Join Marty as he sits down with Leo Zhang, founder of Anicca Research, to discuss:
- Is this mining ban real?
- How are Chinese miners reacting?
- The dynamics of communication between the Chinese and Western mining industries
- How will this migration affect hashrate in the short and medium term?
- What does this mean for the market for ASICS?
- What does capacity in the US look like right now?
- Hashrate derivatives
- much more
Follow Leo on Twitter
Check out Anicca Research
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Transcript
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| 0:00.0 | What is up, freaks? It's your boy. Marty Ben here to introduce this episode of Tales from the Crypt. |
| 0:04.4 | I feel like this is the first time I was back in the interview seat in quite some time, so it felt good |
| 0:08.6 | to get back behind the mic, asking someone smarter than me questions about what the hell is going on in the world of Bitcoin, |
| 0:16.9 | particularly in the mining industry with the great migration out of China. |
| 0:22.7 | I sat down with Leo Zhang, the founder of Anitia research, to talk about what's going on |
| 0:28.6 | with mining. |
| 0:30.5 | What is this great migration? |
| 0:32.4 | Is it real? |
| 0:33.2 | How much bite is behind it? |
| 0:35.1 | What are the dynamics at play? |
| 0:37.2 | How are miners in China viewing this time in the market? |
| 0:43.5 | How are they reacting? |
| 0:45.0 | What does this mean for hash rate? |
| 0:46.9 | What does this mean for difficulty? |
| 0:48.2 | What does this mean for the future of Bitcoin? |
| 0:51.9 | Fascinating conversation. |
| 0:53.2 | As always with Leo, one of my favorite individuals |
| 0:56.1 | to speak with in regards to Bitcoin, but most specifically Bitcoin mining and the dynamics of |
| 1:01.7 | the mining industry. He knows a lot about what's going on in the hash ray production industry |
| 1:09.1 | that we have going on here in bitcoin i think you guys are |
| 1:12.8 | going to get a lot of quality information in this rip i'm excited to bring it to you is brought |
| 1:16.8 | to you by good friends at the mother fucking cash-up catch up help you stack setsats, send sets, receive sats and sell sats. |
... |
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