THE MINING POD: China Mining Ban Fake News, Semiconductor Tariffs, $14.5B Mining Pool Heist
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 August 2025
⏱️ 40 minutes
🧾️ Download transcript
Summary
No, China is not banning bitcoin mining again.
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Welcome back to The Mining Pod! Today, Will, Colin, and Matt touch on Bitcoin’s hashrate hitting an all-time high of 972 EH/s, Trump's proposed 100% semiconductor tariffs, false Chinabitcoin mining ban rumors, MicroStrategy's 2.5x NAV share issuance rule, and tracking down a $3.5B mining pool heist (now worth $14.5B!) four years later.
**Notes:**
• Hash rate reaches 972 EH/s all-time high
• 1.4% difficulty adjustment expected
• Hash price at $58 per PH/day
• 100% semiconductor tariff proposed
• China controls 13-14% of network hash
• $3.5B mining pool heist now worth $14.5B
Timestamps:
00:00 Start
02:36 Difficulty Report by Luxor
07:41 Tariffs... again
13:59 No, China is not banning bitcoin mining again
21:56 MSTR will no longer issue equity under 2.5x mNAV
33:25 Cry Corner: Mining pool heist
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Transcript
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| 0:00.0 | At Matalan, the big summer sale is on. |
| 0:03.4 | Get up to 50% off across women's men's and kid styles plus homeware too. |
| 0:08.5 | It's the perfect time to fill your basket with this season's favorites. |
| 0:12.9 | Head to your nearest store today or shop the sale online at matelan.com. |
| 0:17.8 | UK, Tise and Cs apply. |
| 0:20.1 | Hey, welcome back to the mining pod presented by CleanSpark. |
| 0:23.6 | Got a news round up for you guys. |
| 0:25.2 | Bitcoin and Bitcoin mining news. |
| 0:27.0 | Matt Kimmel and Colin Harper are with me as always. |
| 0:30.6 | I guess it did a good job last week when I was gone. |
| 0:32.2 | So thanks for covering. |
| 0:33.7 | We'll get into our update provided by hash rate index on difficulty and network |
| 0:39.3 | hash rate. |
| 0:39.9 | And then we're going to go over to Trump land and talk about the tariffs that he's |
| 0:43.8 | going to impose on the semi-conductor industry. |
| 0:46.2 | Not a lot of news out on what that actually is going to mean for Bitcoin mining, but we'll |
| 0:50.0 | speculate with you guys. |
| 0:51.5 | And then we're going to go to original piece by Colin talking about how the China mining ban and the China Bitcoin ban that was talked about last week is fraudulent. |
| 1:01.3 | And then we'll land the plane with a few more stories, including a cry corner on a now defunct Bitcoin mining pool that had a heist. |
| 1:10.6 | Way back in 2020, $3.5 billion worth of Bitcoin. |
| 1:13.6 | So stick around for that one. |
| 1:15.0 | Okay, let's hear a few words for my sponsors and then on to the show. |
... |
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