Show notes
In this interview, we discuss competition among Bitcoin miners, building the world’s largest bitcoin mine during Covid, how to think about mining equities, the vertically integrated model, working with ERCOT, deploying S19 XPs and bear market mining strategies.
https://www.riotblockchain.com
Jason Les: https://twitter.com/jasonles_
Will Foxley: https://twitter.com/wsfoxley
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Enhance your ASIC education with hands-on courses offered by Foundry. Led by industry-veteran instructors, Foundry’s Mining Technician academy programs cover a range of topics - from identifying issues and troubleshooting common hardware failures, to coursework exploring bitcoin’s global impact.
TIMESTAMPS:
00:00 Start
00:58 Intro
01:50 FTX collapse
03:00 Relationships in the industry
06:48 Miners having trouble
09:11 Bad decisions in mining
14:00 Miner loans and rates
22:20 Building a massive mining site
26:24 Financing expansions
31:21 Risks of mining equity
34:07 The business model of mining
39:44 Working with ERCOT
44:23 ASIC market
49:35 BTC in a broader bear market
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