THE MINING POD: Is Bitcoin Mining Investable?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 5 November 2024
⏱️ 39 minutes
🧾️ Download transcript
Summary
Where does the game of chase end? For Bitcoin miners, maybe never.
Welcome back to The Mining Pod! Today we are joined by Chris Bendiksen of Coinshares to discuss investing in Bitcoin mining! What’s the value prop of miners? How should we think about their go-to-market strategy? What about the huge ASIC orders that get zeroed out so quickly overtime? For retail investors, Chris thinks its not a great purchase and certainly not when compared to Bitcoin. Check out the show for more thoughts!
Link to the article: https://blog.coinshares.com/no-end-in-sight-for-the-asic-arms-race-4ede8e346cbf
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Timestamps:
00:00 Start
01:29 Story reading
09:16 Story origins
11:04 Can miners get more efficient?
16:31 New efficiency methods
20:53 Access to new ASIC models as strategy
23:39 ATMs & PubCo balance sheets
29:09 New financing models
34:55 Bitcoin treasury
36:47 Wrap up
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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"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset.
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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 joined by Chris Ben Dixon of |
| 0:53.4 | coin shares. |
| 0:54.5 | He is a Bitcoin research leading. He's been working on the Bitcoin mining investment landscape for basically forever at this point in terms of Bitcoin mining years. |
| 1:03.5 | So we've read them on to talk about a new article he wrote. No In Insight for the AIC arms race, the ongoing depreciation nightmare of ASIC owners, |
| 1:16.2 | and why their wake-up time might still be far, far away. He wrote this mid-month, September, |
| 1:20.6 | where I wanted to talk about it. I'm actually going to read the article. It's not too long, but I think it lays some good groundwork and context for the 25, 30 minutes of conversation |
| 1:26.3 | that we have ahead. Of course, this is like a |
| 1:29.7 | sticky issue. Investing in Bitcoin mining is what Bitcoin miners do. Yet A6 continue to be a |
| 1:36.1 | terrible investment. So how do we square this? He makes a pretty good case for how to think about |
| 1:41.1 | this. So we are going to dive on in. First, I work from |
| 1:45.9 | our sponsors and then a reading of the article followed by the conversation. Are you retail or |
| 1:50.5 | institutional investor interested in Bitcoin mining companies? The MinerMag brings you free data |
... |
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