BREAKDOWN: A Massive $879.6M Bitcoin Mining Machine Buy Kicks Off the Year of US Bitcoin Mining

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CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 4 January 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

A roundup of global mining, regulatory and CBDC news. This episode is sponsored by Nexo, Abra and FTX US. On today’s episode, NLW rounds up news from the last few weeks of 2021, including updates on the global bitcoin mining landscape as well as central bank digital currency (CBDC) and regulatory updates from the United States, China, India, Europe, Jamaica, Paraguay and more. Plus, the president of El Salvador’s 2022 bitcoin predictions. - Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io. - Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is "Time" by OBOY. Image credit: Andrey Rudakov/Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	All of this suggests that 2022 is going to be an absolute banner year for U.S.-based and
0:06.5	North American Bitcoin mining.
0:08.8	These companies are going big.
0:10.4	They've got big pools of capital to draw from in order to go even bigger.
0:14.3	And it's very clear that this is going to be a key story in Bitcoin in the year to come.
0:20.4	Welcome back to The Breakdown with me, NLW.
0:24.4	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:30.3	The breakdown is sponsored by nexo.io, Abra, and FTX, and produced and distributed by CoinDesk.
0:38.1	What's going on, guys? It is Tuesday, January 4th, and the last couple of shows have been some big,
0:44.8	think, ponderous pieces to begin the year. And so today what I wanted to do is actually
0:49.5	catch up on some of the news from a couple different areas from both the last few days, as well as
0:55.3	from over the holiday break. So we're going to be talking a little bit about Bitcoin mining
0:59.3	today, as well as a lot of global regulatory and CBDC news. But before we get into that,
1:05.9	sponsors. This show is sponsored by nexo.io, the all-in-one crypto platform for storing and earning interest on your
1:11.8	crypto, ABRA, a simple and secure app for trading crypto and getting crypto collateralized loans,
1:16.7	and of course, FTX, the safe regulated way to buy digital assets with up to 85% lower fees than competitors.
1:24.1	As always, disclosure, I help run marketing at FTXX as well as doing this show. Now, how you can
1:29.6	support the show. First, subscribe, give a five-star rating, or write a review, all super, super helpful
1:35.8	ways to grow this community, or second, join the community, join the breakers discord. The link is in the
1:41.4	description, or you can go to bit.ly. That's bit.L.L.Y slash
1:45.6	breakdown pod. Okay, that out of the way. Let's dive into the show.
1:51.0	It was Bitcoin's birthday yesterday, so let's get to some of the biggest news from Bitcoin from
	...

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