THE MINING POD: Swan Bitcoin’s Lawsuit, Bitdeer’s New ASIC, Riot and Bitfarms’ Settlement
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 27 September 2024
⏱️ 51 minutes
🧾️ Download transcript
Summary
Some big news items in this week’s Mining Pod roundup, including Swan Bitcoin’s mining lawsuit and Bitdeer’s 13.5 J/TH ASIC chip.
Welcome back to The Mining Pod! For this week’s roundup, Will, Colin, and Matt discuss the bombshell news that Swan Bitcoin is suing its former employees and contractors, alleging that the cabal stole proprietary aspects of Swan’s bitcoin mining business. Speaking of corporate sparring, the gang also covers the news that Riot and Bitfarms have settled (for now, at least) their dispute over Riot’s attempts to acquire its rival. They also discuss Bitdeer’s new SEAL02 ASIC chip, which Bitdeer claims is capable of 13.5 J/TH power efficiency, and why bitcoin mining ASICs are not securities despite some reporting to the contrary. Finally, in this week’s cry corner, they address the indefatigable, maddening myths that persist about Bitcoin’s global electricity use (no Bill Maher, Bitcoin does not use 8% of the world’s electricity, but thank you for playing!).
Enjoying the show? Check out our newsletter at miningpod.blockspace.media!
Timestamps:
CHAPTERS
00:00 Start
00:14 Swan mining lawsuit
11:01 Difficulty update
17:03 Riot vs Bitfarms
27:14 Bitdeer’s SEAL02 chip
35:25 Green Mining SEC suit not dismissed
38:59 Hut 8 GPU-as-a-Service Goes Live
42:47 Cry corner: Bill Maher is wrong
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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Transcript
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| 0:49.4 | Hey, welcome back to the mining pod. |
| 0:52.5 | Normally this is our news roundup, and it will be our News Roundup, |
| 0:55.1 | but we are going to do a special part first. |
| 0:58.6 | So this actually happened right after we were recording our News Roundup. |
| 1:02.6 | This bombshell drops. |
| 1:04.7 | Swan Mining is suing its former executive, a CIO, |
| 1:08.3 | who's actually been on the Mining Pod, Rath Seguri, |
| 1:12.0 | and other third-party contractors and employees of Swan for attempting to steal Swan Mining's |
| 1:20.4 | proprietary tech stack and Swamites itself in a new lawsuit that just dropped. |
| 1:26.8 | They called this the hell and rain fire plan |
| 1:29.9 | that was working in concert with the other JV partner Tether Inc for swan's billion dollar |
... |
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