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THE MINING POD: Blockstream’s ASIC Mining Note With Adam Back

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Manage episode 439143986 series 2401578
Content provided by CoinDesk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CoinDesk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

You want to invest in Bitcoin mining, but you don’t know how? OG Bitcoin company Blockstream has been cooking up something for those intrigued with mining but without the wall sockets to participate.

Welcome back to The Mining Pod! Today we are joined by Adam Back, cryptographer and CEO of Blockstream. Well known for its sidechain software Liquid, among other projects, Blockstream is actually a large private Bitcoin miner. In today’s show, we go through Blockstream mining with Back, including its profile as a miner (energy, locations, fleet). Then we dive into the BMN2, a new financial instrument to help people mine Bitcoin without ever touching a Bitcoin miner! Note, this podcast is for educational purposes only and is not financial advice.

Enjoying the show? Check out our newsletter at miningpod.blockspace.media!

Timestamps:

00:00 Start

02:11 Blockstream's mining background

08:46 Mining Note details

16:53 Secondary markets & Mining Notes

19:49 Typical investor profile

28:39 Why not self mine?

32:07 Where does Blockstream profit?

36:39 Production costs & cycle timing

42:05 Upgrading ASICs or not?

45:29 Lessons learned, changes made

50:31 Post Interview Discussion

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!

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Show links: https://hashrateindex.com/blog/tokenizing-hashrate-blockstream-mining-note-2-bmn2/

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 LLC 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.

  continue reading

2980 episodes

Artwork
iconShare
 
Manage episode 439143986 series 2401578
Content provided by CoinDesk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CoinDesk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

You want to invest in Bitcoin mining, but you don’t know how? OG Bitcoin company Blockstream has been cooking up something for those intrigued with mining but without the wall sockets to participate.

Welcome back to The Mining Pod! Today we are joined by Adam Back, cryptographer and CEO of Blockstream. Well known for its sidechain software Liquid, among other projects, Blockstream is actually a large private Bitcoin miner. In today’s show, we go through Blockstream mining with Back, including its profile as a miner (energy, locations, fleet). Then we dive into the BMN2, a new financial instrument to help people mine Bitcoin without ever touching a Bitcoin miner! Note, this podcast is for educational purposes only and is not financial advice.

Enjoying the show? Check out our newsletter at miningpod.blockspace.media!

Timestamps:

00:00 Start

02:11 Blockstream's mining background

08:46 Mining Note details

16:53 Secondary markets & Mining Notes

19:49 Typical investor profile

28:39 Why not self mine?

32:07 Where does Blockstream profit?

36:39 Production costs & cycle timing

42:05 Upgrading ASICs or not?

45:29 Lessons learned, changes made

50:31 Post Interview Discussion

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!

👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Show links: https://hashrateindex.com/blog/tokenizing-hashrate-blockstream-mining-note-2-bmn2/

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 LLC 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.

  continue reading

2980 episodes

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