THE MINING POD: The Current State of the ASIC Miner Market With Ian Descoteaux
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 17 September 2024
⏱️ 29 minutes
🧾️ Download transcript
Summary
Which ASIC miner brand is the best and why have Bitmain and Whatsminer maintained a duopoly? Pow.re Co-founder and CTO Ian Descoteaux joins Will this week to discuss the ASIC miner market.
Welcome back to The Mining Pod! Pow.re Co-founder and CTO Ian Descoteaux joins us today to talk about all things ASIC miners. In the conversation, we speak at length about the Antminer S21, including his experience deploying this model, its quirks / failure rates, and its performance. We also touch on ASIC prices and manufacturer competition, including why MicroBT’s Whatsminers are more expensive than other models, and whether or not Auradine and Canaan will be competitive in the near-future. Finally, we close on his takes regarding Bitmain’s newest hydro model, the U3S21EXPH.
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Timestamps:
00:00 Start
01:29 Update
03:11 New ASIC frustrations
04:16 ASIC price competition
06:20 Why MicroBT expensive
06:57 Canaan & Auradine
07:52 S21 deployment experience
09:46 ASIC failure rate
10:51 Repairs
12:46 Paraguay ASIC repair cost
14:44 S21 deliveries
16:07 S21 quirks?
18:39 New Bitmain units
20:02 Current ASIC market
23:05 U3S21EXPH Rack System
27:08 New equipment pushing market split
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Transcript
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| 0:44.3 | Hey, welcome back to the mining pod. |
| 0:45.9 | We have a return guest, Ian from Powers back, aka Checksome. Ian, how you doing? |
| 0:50.9 | Good to see again. |
| 0:51.8 | Pretty good. How about you? |
| 0:53.9 | You know, not too bad. |
| 0:55.2 | It's the end of the summer. |
| 0:57.0 | I'm kind of excited about that. |
| 0:58.6 | I like summer, but it's time for fall. |
| 1:02.1 | It's time for some warm drinks and some skiing. |
| 1:04.8 | So I'm very ready for it to be over. |
| 1:06.6 | All right. |
| 1:07.5 | Yeah, yeah, pretty good. |
| 1:08.9 | But you guys are busy. So let's get an update from power because you guys have been doing some stuff down in Paraguay and some expansion there. |
| 1:16.2 | So let's get a quick update from there. |
| 1:17.5 | And then today the main point in the show is just to talk about the new units. |
... |
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