THE MINING POD: Russia’s Bitcoin Economy, Coinmint’s Expansion, and Core Scientific’s $8.7B AI Deal
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 25 October 2024
⏱️ 42 minutes
🧾️ Download transcript
Summary
Will Russia actually encourage trade in bitcoin to evade sanction? Plus, an update on Core Scientific’s 500 MW, $8.7 billion deal with Core Weave.
Welcome back to the Mining Pod! Will, Colin, and Matt are back with another news roundup. It’s election season, so naturally, headlines about Russia have weaseled their way into the news cycle – only this time, the news is about how Russia allegedly wants to encourage trade in bitcoin to bypass sanctions. The gang also talks about Coinmint’s partnership with NYDIG to expand its Massena, NY facility, and our friends at Compass give us an update on the bitcoin mining hosting market. The show wraps up with the latest on Core Scientific’s $8.7 billion deal with Core Weave, and in this week’s cry corner, the fellas are perplexed at why Dennis Porter, founder of Satoshi Action Fund, is getting so much heat for Pennsylvania’s new bitcoin rights bill.
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Timestamps:
00:00 Start
00:53 Difficulty update
04:00 Russia using bitcoin for international trade?
15:26 Massena & the Alcoa East plant
18:36 Hosting update w/ Karoon from Compass
32:46 Core Scientific Final Contract Option by CoreWeave
37:49 Cry corner: why so butthurt about Dennis Porter?
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Transcript
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| 0:00.0 | Hey, welcome back to the mining pod. On today's show, we're talking Bitcoin and Bitcoin mining news. |
| 0:04.5 | As always, after a quick word from our sponsors. |
| 0:08.2 | Are you retail or institutional investor interested in Bitcoin mining companies? |
| 0:11.8 | The MinerMag brings you free data and analysis from all major NASDAQ listed Bitcoin mining operations to know who stands out. |
| 0:18.3 | Check out visualized metrics and data-dependent stories at the miner mag.com. |
| 0:22.8 | Thanks for listening to The MiningPod. |
| 0:24.7 | Want more? |
| 0:25.5 | Subscribe to our main feed on Apple, Spotify, YouTube, or wherever else you get your |
| 0:29.6 | podcast for another weekly show on Bitcoin stocks. |
| 0:32.8 | And check out our newsletter at Miningpod. |
| 0:34.7 | Dot blockspace. Media today. |
| 0:37.1 | Okay, another week and more Bitcoin news to go forward with we got a call on Matt. |
| 0:42.9 | Welcome to the show. And we're going to have Karun from Compass come on in a little bit, |
| 0:47.0 | discuss the hosting market, which is always nice to get a little insights into that world. |
| 0:52.1 | We're going to start, as always, Matt, |
| 0:54.4 | will difficulty update, if you will. |
| 0:57.3 | Yeah, we just recently had a difficulty increase. |
| 1:01.6 | How recently, Matt? |
| 1:04.5 | Recently. |
| 1:05.0 | What was a dramatic pause there for it? |
| 1:08.1 | As recently as about 300 blocks ago pretty significant 3.9%. |
| 1:13.8 | But I mean, if we check it, check out hash price, right? |
... |
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