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CoinDesk Podcast Network

THE MINING POD: Bitcoin Hashrate ATH, Greenidge Court Case, Unfounded Bitmain Sanctions Scare, and Faketoshi 2.0

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 1 November 2024

⏱️ 33 minutes

🧾️ Download transcript

Summary

Where is all the hashrate coming from? Plus, why Bitmain sanction rumors are (probably) overblown.  Welcome back to The Mining Pod! Bitcoin’s hashrate is ripping, so Will and Colin sit down to discuss where all the new hashrate is coming from. They also touch on updates for Greenidge’s long-standing lawsuit against the State of New York and why the scuttlebutt that Bitmain might come under the scope of US sanctions is unfounded for now. Finally, in this week’s cry corner, why you shouldn’t spend £500 to hear yet another bloviating imposter claim that he’s Satoshi.  👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! Timestamps: 00:00 Start 02:41 Difficulty update 11:13 US, Russia, China drive bitcoin hashrate all-time high 16:47 Greenidge lawsuit with the State of New York 21:17 Rumors catch Bitmain in the crossfire of Sophgo investigation 27:37 Cry corner: Satoshi reveals himself (lol jk) Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 Check out Bitcoin Season 2 and The Gwart Show! Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9

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0:49.7

Hey, welcome back to the mining pod. Colin, guess what? Trump's tweeting about Bitcoin. Oh, yeah,

0:55.4

the white paper day. Orange man likes orange coin. There was an interesting report, I think, that I saw

1:02.3

from someone from Paradigm. I don't know, I don't know what the research was, but it was suggesting

1:07.1

that 5% of voters say that, like, crypto is a single issue for them, which seems

1:13.4

kind of high to me. I honestly can't like, it's not a single issue for me. And I'm, I like work in

1:18.0

Bitcoin. But that is interesting. Maybe that's enough to tip scales in certain swing states.

1:23.9

Who knows? Said, I would like to wish our great Bitcoiners a happy 16th anniversary of Satoshi's

1:29.0

white paper.

1:30.0

We will end Kamala's war on crypto and Bitcoin will be made in the USA.

1:35.9

Vote Trump.

1:36.9

Hashtag Bitcoin.

1:37.9

Hashtag free Ross day one.

...

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