BTC040: Bitcoin ASIC Manufacturing By Blockstream w/ Dr. Adam Back and Samson Mow (Bitcoin Podcast)
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 25 August 2021
⏱️ 89 minutes
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| 0:00.0 | You're listening to TI P. |
| 0:02.6 | Hey everyone, welcome to this Wednesday's release of the podcast where I'm talking about Bitcoin. |
| 0:06.8 | Today's guests are Dr. Adam Beck and Samson Mao from Blockstream. |
| 0:11.3 | Dr. Beck is one of the most prominent influencers in the space and was even referenced in the Bitcoin white paper by Satoshi Nakamoto |
| 0:18.3 | for the portions of the code that use proof of work. |
| 0:21.0 | During the discussion, we talk about their big announcement for getting into the ASIC's manufacturing business. |
| 0:26.5 | This is a really big deal because a significant portion of the mining hardware is currently manufactured in China |
| 0:32.5 | and this is an important step for decentralizing the manufacturing process. |
| 0:36.5 | Additionally, they talk about the production of a modular mining unit that's being provided to energy producers, |
| 0:42.2 | they handle the excess energy that energy companies produce in order to fulfill peak demands. |
| 0:47.4 | This was a fascinating discussion by some of the smartest people in the space that are making some of the boldest moves. |
| 0:53.1 | So without further delay, here's my conversation with Dr. Adam Beck and Samson Mao. |
| 0:58.1 | You're listening to Bitcoin Fundamentals by the Investors Podcast Network. |
| 1:06.5 | Now for your host, Preston Pish. |
| 1:09.6 | All right, so like I said in the introduction, I'm here with Dr. Adam Beck and Samson Mao, gentlemen. Welcome back to the show. |
| 1:26.1 | Thanks, Preston. Thanks for having us on. |
| 1:29.0 | Hey, so you guys, you know, I'm checking Twitter and I'm seeing these feeds coming out of the Blockstream website. |
| 1:35.5 | And you guys got some big news to announce. The first thing was this announcement of this modular mining unit. |
| 1:44.5 | You guys are just going by the acronym MNU. Talk to us about what this is and what kind of problem you're trying to solve. |
| 1:54.2 | So it's to take mining closer to the power producers and provide them with a way to increase the sort of to have a steady base load and increase the profitability of being a power generator. |
| 2:14.6 | And particularly for some intimate and power sources, they are, you know, they when they build a new sort of zero emission installation, sometimes it takes an extended period of time until they get connected to the grid. |
| 2:32.4 | So this is something that can provide them with immediate power. And then also the grid demands are variable. |
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