THE MINING POD: Dogecoin’s Newest ASIC Miner
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 21 June 2024
⏱️ 51 minutes
🧾️ Download transcript
Summary
Want to mine a meme coin? ElphaPex’s newest unit mines Litecoin and Dogecoin through a process called merge mining!
Follow along on your favorite podcast player of choice by clicking here.
Ben Weng and Payne Cong of Foundation Logic, the team behind the new ElphaPex Dogecoin/Litcoin miner, join The Mining Pod to discuss their new ASIC mining startup, competing with industry giants, and the future of script mining. Learn about hardware startups, profitability comparisons, and the potential for diversifying mining revenue.
Chapters:
00:00 Start
03:20 Ben Weng background
04:29 Payne Cong background
06:32 Litecoin+Dogecoin ASIC
09:40 Why these coins?
14:50 Is Litecoin the main revenue?
18:39 Profitability
21:10 Other revenue sources
24:40 Calculators
25:50 Hardware form factor
28:15 Repairs
33:41 Chips & production
35:56 What foundry
36:50 Chip allocations from Samsung
38:40 Bitmain competition
42:46 Final thoughts
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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 Bitcoin Season 2 and The Gwart Show.
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Follow our host on Twitter, @wsfoxley.
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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.
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Transcript
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| 0:49.7 | Hey, welcome back to the mining pod. On today's show, we're drawn by Alvapex, aka |
| 0:53.2 | foundation logic, the team behind a new script miner. Script mining is basically Welcome back to the mining pod. On today's show, we're drawn by Alvapex, aka Foundation Logic. |
| 0:54.3 | The team behind a new script miner script mining is basically like coin doge coin mining. |
| 0:59.6 | We're able to merge mine both of those coins. |
| 1:02.1 | We set down with the Foundation Logic team to discuss why they're going to market with this new ASIC, competing against Bitmain, and who they want to purchase this ASIC as well, talking about the |
| 1:13.3 | institutional slash retail market for these sort of new ASICs. Thank you to Alphapex for joining |
| 1:20.7 | the show. Really interesting conversation around different revenue strategies for Bitcoin |
| 1:25.0 | miners and how different coins can actually fit into |
| 1:28.5 | a Bitcoin miner's revenue strategy. Okay, before we get into the show, a few words from our sponsors, |
| 1:34.9 | Queen Spark, America's Bitcoin miner and Foreman Mining, Master Mining. You'll hear a little bit more |
| 1:39.4 | from both these sponsors during the program. Okay, just jump into the episode. |
| 1:43.3 | Hey, listeners, let's talk |
... |
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