LTB!: Bitcoin Miners, US Energy Producers and Moores Law
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 10 May 2020
⏱️ 31 minutes
🧾️ 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
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Transcript
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| 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. |
... |
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