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CoinDesk Podcast Network

THE MINING POD: Bitcoin Mining Post-Halving

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 29 May 2024

⏱️ 40 minutes

🧾️ Download transcript

Summary

Future of Bitcoin Mining 2024 with Shannon Squires, Chief Mining Officer at Compass Mining. Shannon Squires, Chief Mining Officer at Compass Mining, shares insights on the Bitcoin mining market post-halving. Discussions include mining farm costs, ASIC repair markets, and predictions for summer 2024. Shannon also shares his journey in the industry and Compass Mining's current focus. Chapter Markers: 00:00 Start 03:02 Shannon intro 06:45 Greenfield vs rack ready sites 08:23 US mining vs global 10:05 Self-taught 11:04 Compass mining move 12:30 Compass business update 14:58 Why has hosting survived? 17:13 The Accelerated program 18:04 How does Accelerated work? 20:18 Facility sizes 22:04 10 megawatts or bust 25:14 Cost per megawatt? 25:42 Transformers are abundant now, right? Right? 27:30 Halving bankruptcies? 28:50 S19 rig bear market 30:38 ASIC sales 32:24 Repair market 35:31 Why are manufacturers training technicians 36:56 Predictions 38:33 $400k per megawatt 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!  👉 Check out our other shows and content by going to Blockspace.media today. 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! - "The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz.  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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0:00.0

Hey, welcome back to the Mining Pod. On today's show, we're joined by Shannon Squires, the chief mining officer at Compass Mining to talk about all things Bitcoin mining markets, everything from ASIC procurement to parts, to green-filled sites, to purchasing already operational Bitcoin mining sites.

0:16.8

This is a great show for anyone who wants to get information about the current Bitcoin mining landscape, very similar to the show with Taras from Sunnyside just about a week ago.

0:26.9

So definitely stick around for words from Shannon.

0:29.5

Thank you to Shannon for making the show possible.

0:32.0

Before we get in the show, we want to thank Clean Spark, America's Bitcoin Miner, and Forman Mining, Master Your Mining for being the lead

0:37.6

sponsors for the Mining Pod. You'll hear more from both these sponsors in just a little bit.

0:42.8

Okay, before we get in the show, got to plug our two other podcasts on the Blockspace Podcast Network.

0:47.7

You can find these by going to blockspace.comedia.

0:50.6

The Gort Show is conversations with all of Crypto's brightest lights. Well, at least the people who are bright lights on Twitter, people from Anatolia at Solana, all the way to Alan Farrington, a prominent Bitcoin VC. Also go check out Bitcoin Season 2. It's everything from Opcodes to Ordinals, Charlie Spears. He is the co-host on the Thursday portion of the mining pod. That show is really

1:12.5

taken off right now as well. So go and listen to The Gwart Show and Bitcoin season two. You can buy

1:17.4

both these shows at Blockspace.comedia. Okay, a few words from our sponsors. And then on to the show.

1:22.7

Hey, listeners, let's talk about revolutionizing your mining operation with Foreman. This isn't your

1:27.9

average management tool. It's an all-in-one solution for reducing costs and significantly boosting

1:32.5

your revenue. Foreman brings a cutting-edge dashboard to your fingertips, empowering you with

1:36.5

automated energy strategies. This means not only curtailing around real-time prices, but also strategically

1:41.3

enhancing your profit margins through demand response. It's about leveraging energy efficiency to its fullest potential.

1:47.2

With Foreman, you get a system that scales with your business, inventory management for assets,

1:52.0

infrastructure integration, and business intelligence.

1:54.8

Foreman elevates the cash flow and production of your entire operation.

1:58.3

To see how Foreman can redefine your mining operations standards, visit foreman.mend.mend.

2:01.9

With Foreman, you're not just managing a mining operation.

2:05.6

You're setting a new standard in the industry.

...

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