THE MINING POD: Ethiopia’s Bitcoin Mining Boom
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 22 October 2024
⏱️ 40 minutes
🧾️ Download transcript
Summary
We head around the globe to Ethiopia, a hot Bitcoin mining destination with abundant hydro power. What does it take to get involved?
Welcome back to the Mining Pod! We’re joined by Ethan Vera of Luxor Tech and Kal Kassa of BitcoinBrr to discuss mining Bitcoin in Ethiopia! Earlier this summer we heard reports of mining picking up in the Eastern side of Africa, particularly with well connected Chinese Bitcoin miners sourcing hydro-powered contracts. Ethan recently visited so we brought him on with Kal to discuss what’s actually happening, the costs versus North American mining and how to invest in the area (if you’re willing to take the risk!)
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Timestamps:
00:00 Start
01:42 Difficulty update
04:19 29% PubCo Hashrate report JPMorgan
10:50 MARA Unlocks $200M BTC-Backed Credit Line
18:06 Cipher Mining Acquires 1.5 GW in Texas
24:37 Blue Owl Backs Crusoe in AI Move
29:35 Bit Digital Acquires HPC Data Center
32:38 Cry corner: "Runes, ordinals, etc don’t exist"
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!
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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 Ethan Vera of Luxoritech, |
| 0:54.0 | Calcasa of Bitcoin Burr to talk |
| 0:56.3 | about Ethiopian Bitcoin mining. |
| 0:58.9 | So we're going around the globe to talk about the country of Ethiopia, which has had a burgeoning |
| 1:03.8 | Bitcoin mining scene. |
| 1:05.9 | We go through almost everything within that market from the cost per megawatt to build a Bitcoin mine, all the |
| 1:12.0 | way to talking about the Chinese companies that are building off of the new hydro sites there, |
| 1:17.2 | to what it looks like for local laborers to be involved, and how Western money can also |
| 1:23.6 | be placed as investments for Bitcoin mines in that area. So interesting podcast, a little geographic one for you guys. |
| 1:29.9 | Thanks for tuning in. Also be sure to check out our Wednesday live stream. It's a Thursday episode on the mining pod feed. |
| 1:38.4 | You can check out that. That's all things Bitcoin stocks. So we're going to be talking about Bitcoin mining stocks and then other |
| 1:45.4 | Bitcoin stocks like micro strategy fold, Coinbase, things like that. And we typically talk |
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