THE MINING POD: Russia’s Bitcoin Economy, Coinmint’s Expansion, and Core Scientific’s $8.7B AI Deal

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 25 October 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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. 👉 Get tickets to OP_NEXT by visiting the website! And use discount code OCTOBER to get 25% off at check out! 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? 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. 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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0:00.0	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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