LTB!: Bitcoin Miners, US Energy Producers and Moores Law

CoinDesk Podcast Network

CoinDesk

Daily News, News, Tech News, Business News

4.7 • 698 Ratings

🗓️ 10 May 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Although some believe bitcoin mining is a wasteful activity, on today's show we dig into the relative world of constant fuel production, lumpy demand and bitcoin based load balancing. After years of bitcoin mining domination by china-based miners, some US power producers, both professional and incidental, are beginning to get into the game as a way to be more green. It's a narrative reversal if ever we've seen one and if proven successful by the early players could change the bitcoin mining landscape as we know it. But even without a "Green Bitcoin" narrative in the US, one of China's two major mining advantages has evaporated as Moores Law stretches out the useful lifespan of modern bitcoin miners hardware. Correction: Before installing miners, Greenidge Generation previously shut down during off-peak season, during the episode Adam incorrectly stated that it previously shut down during off-peak hours. Today's episode features Andreas M. Antonopoulos, Stephanie Murphy, Jonathan Mohan and Adam B. Levine This episode features music by Jared Rubens and Gurty Beats. Today's show is edited by Jonas, and sponsored by eToro.com Photo by Thomas Kelley on Unsplash See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	You can actually beam the data to the miner and back from the miner and burn the electricity locally in order to produce Bitcoin.
0:06.9	So that solves the problem because of the differences between distribution of data and distribution of power.
0:17.1	Hello and welcome. This is episode 435 of Let's Talk Bitcoin.
0:20.7	On today's show, we'll discuss
0:21.7	what looks like a new and growing trend of Bitcoin mining coming back to the U.S., but in a new
0:25.8	form as large companies look to Bitcoin mining as a way to potentially go green. It's a narrative
0:31.2	reversal if ever I've seen one, and we'll get into that first. This episode of Let's Talk
0:35.6	Bitcoin is sponsored by Eatoro.com. Let's Talk Bitcoin is sponsored by Eatoro.com.
0:38.3	Let's Talk Bitcoin is owned by the hosts and is editorially independent, but you can find
0:41.5	new episodes every Sunday on the Coin Desk podcast network at CoinDest.com, the LTB network
0:46.1	at let's talk bitcoin.com.
0:48.0	And on our privately managed, show-only subscriber feed at LTV Show.com.
0:52.3	With all of that said, I'd like to welcome you to this, episode 435 of Let's Talk Bitcoin.
0:57.0	My name is Adam B. Levine.
0:58.6	And joining our discussion today are the other host of the show, Stephanie Murphy.
1:01.9	Hi.
1:02.7	Jonathan Mohan.
1:04.0	Hey, hey.
1:04.8	And Andreas M. Antonopoulos.
1:07.3	Greetings, dear listeners.
1:09.1	On behalf of the host, we'd like to thank you the listener for sitting in on today's session.
1:13.6	So, mining.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.