THE MINING POD: Russia Bitcoin Mining Ban, BitFuFu’s 80k ASIC Order, and a Rhodium Update

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 4 January 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

For today’s news roundup, the guys clarify what Russia’s bitcoin mining ban actually means – plus other stories. Welcome back to The Mining Pod! Will and Colin are back from the holiday break with the latest news, plus an update on the ASIC hosting market from our friends at Compass. At the top of the news docket, they touch on Russia’s bitcoin mining ban, particularly which miners the ban actually affects (and which ones it doesn’t). Also in the rotation, BitFuFu’s massive 80k ASIC order from Bitmain, and an update on a few of Rhodium’s outstanding litigations. And for this week’s cry corner: pour one out for all the folks who were sad/big mad that they didn’t get invited to Michael Saylor’s $100k New Year’s Eve party… Timestamps: 00:00 Start 01:51 Difficulty update 06:17 OMG Russia bans Bitcoin mining!!!!! 11:59 ASIC hosting market update 23:20 BitFuFu 80k miners 30:50 More trouble at Rhodium 36:46 Cry corner: No invite to Saylor party! 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! 👉Enjoying the show? Check out our newsletter at miningpod.blockspace.media! 👉 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. 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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0:45.6	That's audible.com slash Wondery UK.
0:49.4	What's going on, y'all?
0:50.7	Welcome back to the Mining Pod News Roundup.
0:53.8	It's a duo show today with your boy, Colin
0:56.1	Harper, editor-in-chief of Blackspace Media and Will Foxley. It's kind of scant today in terms of news.
1:01.1	We've got a few things on the docket. We're going to be talking, obviously, about difficulty
1:05.4	update. Bitcoin's difficulty hit an all-time high recently. It's been on a tear as hash rages continues to come online.
1:11.9	We'll be talking about Russia's most recent mining restrictions, which contrary to a lot of
1:16.3	reporting are not actually outright bans. We've got a great pop coming out on that next week,
1:20.5	so stay tuned for that. We're also going to be talking about a compass hosting update.
1:26.8	We've got our boy Karun coming back on with some surprising trends from the retail market with regards to Compass's hosting services.
1:34.3	We also have a monster 80K unit deal that BitFu-signed with Bitmain, just an incredible amount of hash rate. And we've got an update on
	...

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