THE MINING POD: Hut 8’s Bitmain Partnership, Bhutan’s $700m Bitcoin Bags, RFK Jr.’s Mining Letter, Trump’s Bitcoin Burger

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 20 September 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Colin and Matt cover a motley of news items including Hut 8’s U3S21EXPH partnership with Bitmain, Bhutan’s fat bitcoin stacks, why Robert F. Kennedy Jr. is bullish on bitcoin mining, and Trump’s historic bitcoin purchase. Welcome back to The Mining Pod! For this week’s news roundup, the crew dives into Hut 8’s partnership with Bitmain on the manufacturer’s new hydro-cooled ASIC model, the U3S21EXPH. Matt also gives everyone a geography lesson with his overview of Bhutan and its hoard of 13,011 BTC worth $780 million, the fourth largest BTC reserve of any nation, and Colin covers Robert F. Kennedy Jr.’s letter to the editor in the Economist in which he defends Bitcoin mining for its utility as a flexible load for renewable energy. Plus, a former President, a bitcoin mining CEO, and a pub owner walk into a bar, and everyone leaves with a burger paid in bitcoin (yes, every outlet has covered this story, but we are too). And finally in this week’s cry corner, the unfortunate story of a Norwegian town whose residents will pay more for power after a bitcoin mine ceased operations. Enjoying the show? Check out our newsletter at miningpod.blockspace.media! Timestamps: 00:00 Start 01:38 Difficulty update 03:36 Fractal fees 07:23 Hut 8 and Bitmain ASIC partnership 12:50 Bhutan got them bags! 19:19 RFK Economist letter to the editor 23:12 Trump's Bitcoin Burger 29:32 Cry Corner: Norwegian energy costs rise 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. 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. Distributed by CoinDesk. 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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0:49.8	Welcome back to the mining pod, everyone. We've got a duo news roundup this week with our boy, Matt Kimmel, and your boy, Colin Harper.
1:00.0	Got a lot of fun things coming down the pipe this week. We're going to be talking a little bit about Hutate's partnership with Bitmain, where they are claiming they are helping Bitmain develop
1:11.0	their latest hydro-cooled model. One of the kind of more unique news items I've seen in recent
1:17.1	memory, we're going to be talking about Bhutan's fat Bitcoin stacks that they have acquired solely
1:22.1	from mining. We're going to be talking about a letter to the editor that RFK Jr. pinned to the
1:27.1	economist. We're going to be talking about Trump letter to the editor that RFK Jr. pinned to the economist.
1:28.3	We're going to be talking about Trump's burger purchase. We can't get away from that.
1:32.2	Got to talk about it. Matt's got some hot takes here. And we are going to wrap it up with a
1:37.2	cry corner about a small town in Norway whose electricity prices have gone up after a Bitcoin mine left
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