RESEARCH: Miner Perspectives on Bitcoin Halving 2020, Part 1 of a New Podcast Series
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 4 April 2020
⏱️ 29 minutes
🧾️ Download transcript
Summary
In about 40 days, the world’s first and largest cryptocurrency by market capitalization, bitcoin, will undergo a pre-programmed block reward reduction known as the halving.
Roughly every 4 years, bitcoin’s block subsidy rewards are cut by 50 percent in order to prevent currency inflation. Recurring halving events also ensure that total supply over time is capped at 21 million coins. It will take an estimated 64 halving events before the last bitcoin is mined. So far, there have only been two.
To commemorate bitcoin’s third halving, CoinDesk Research is launching today a new weekly podcast series about the bitcoin mining industry. Each episode features discussions with leading experts in bitcoin mining hardware, operations and pool management on a variety of topics related to block subsidy reward reductions and their impact on the crypto markets.
Hosted by CoinDesk Research Analyst Christine Kim, the first episode of the Bitcoin Halving 2020 podcast series is about the impact of bitcoin’s third halving on the concentration of miners in China.
Discussing and debating this topic is Ethan Vera, head of finance at one of North America’s largest cryptocurrency mining pools Luxor Technologies. Also joining Kim and Vera on the show is Wolfie Zhao, a veteran member of the CoinDesk editorial team who specializes in news coverage on the Chinese bitcoin mining industry.
For more information about the bitcoin halving, CoinDesk Research has recently published a 30-page explainer report on these events which features additional commentary from Vera and other mining industry experts. The report is free to download on the CoinDesk website.
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Transcript
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| 0:51.4 | Hello, everyone. Welcome to the first episode of PointDef's Bitcoin-Having 2020 podcast series. |
| 0:58.0 | On this episode, I'm joined by Ethan Vera, head of finance at Luxor Technologies. Luxor Technologies |
| 1:03.9 | operates North America's largest cryptocurrency mining pool with over 11,000 customers globally. |
| 1:09.8 | Also joining us is CoinDest News Editor Wolfie Zal. |
| 1:13.6 | Wolfie is a veteran member of the CoinDask editorial team having joined since June 2017. |
| 1:18.6 | He specializes in coverage of the cryptocurrency mining industry in China and other parts of Asia. |
| 1:24.6 | As I understand, Ethan and Rolfi, both of you guys have met each other |
| 1:28.8 | before. Is that right? Yeah, that's correct. We had the pleasure of meeting back in Chengdu in, |
| 1:34.8 | I guess, October 2019 at the Minor Update Conference. Yeah. Well, it's great to have you too on the show. |
| 1:41.5 | Both of you are experts on this topic of cryptocurrency mining, and in just a few more |
| 1:46.5 | months, mining on the world's largest cryptocurrency by market cap, Bitcoin, will change |
| 1:51.6 | drastically with the having event. |
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