BTC036: Bitcoin Mining Update w/ Harry Sudock (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 28 July 2021

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN:

01:14 - Harry's Background in Finance and Bitcoin
04:05 - Harry's thoughts on balance sheets becoming more important moving forward
10:51 - How mining businesses in the US and abroad are purchasing hardware
13:39 - Harry's thoughts on the great mining hardware migration out of China
36:06 - Does hash rate drive price or does price drive hash rate?
41:56 - Harry's thoughts on the ESG mining council
42:29 - Geothermal mining
50:53 - Harry's thoughts on regulator vulnerabilities and where the best locations to mine are
51:29 - Thoughts on the Blockstream mining note
58:26 - How to convince big stat grid operators to start mining Bitcoin
01:03:04 - When a new high in hash rate might occur

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Harry Sudock's Twitter handle
Harry's book recommendation, The Grid
Harry's company, Griid
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Transcript

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0:00.0	Hey everyone, welcome to this Wednesday's release of the show where we're talking about
0:06.9	Bitcoin.
0:07.9	And back by popular demand, we have Harry Sadaq who's here to talk to us about the current
0:11.9	events and thoughts surrounding the Bitcoin mining industry.
0:15.2	This was a fascinating conversation because Harry got into a lot of specifics about the
0:19.6	hardware migration coming out of China, the potential impacts moving forward, and then
0:24.2	we had a general conversation about the business of mining.
0:27.6	As many already know, Harry's a treasure trove of information on this topic, so without
0:31.9	further delay, here's my conversation with Mr. Harry Sadaq.
0:35.6	You're listening to Bitcoin Fundamentals by The Investors Podcast Network.
0:44.4	Now for your host, Preston Pish.
0:49.8	All right, so like I said in the introduction, I'm here with Harry Sadaq.
1:01.2	And I love having these conversations with you Harry.
1:03.5	I've been a big fan for quite a few years now, so welcome back to the show.
1:07.3	I appreciate it Preston.
1:08.3	Thanks for having me.
1:09.3	It's been a bit of a roller coaster and mining land for the last three, six, nine months
1:14.6	to say the least, to say the least.
1:17.6	Hey, I want to start off because we've never covered this.
1:20.1	The last time you were on with Marty, we didn't cover your background or your story,
1:24.3	so I'm just kind of curious what's your background, how you found Bitcoin and how you got into
1:29.6	it in the first place.
	...

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