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How are bitcoin (BTC) miners strategizing for the upcoming halving event in which block reward subsidies will be cut by 50 percent? On this week’s episode of “Bitcoin Halving 2020: Miner Perspectives,” Kristy-Leigh Minehan and Pavel Moravec give an in-depth explanation of what miners are doing to maximize profits and increase operational efficiency.
Since October, Minehan explains, bitcoin mining farms have been getting on “the upgrade train” and purchasing state-of-the-art ASIC machines such as the Antminer S17 and S19. Moravec says bitcoin miners have also been looking at creative ways to cut electricity costs by leveraging surplus energy from certain cities’ power grids.
What started primarily as a hobby in 2009 has flourished over the years, gained broader adoption and ultimately evolved into a new, professional industry.
“We’ve gotten to a point in bitcoin’s history where the government is paying attention and has started to realize bitcoin isn’t going away. Mining is not going away. And it’s in their best interest to start working with ... miners,” Minehan said.
Teaming up with local governments and utility providers is another miner strategy both Minehan and Moravec have seen on the increase in recent years. This is why Minehan believes even the geographic distribution of miners, which was discussed in depth in an earlier podcast episode, may further diversify in future to regions such as North America and Europe.
To download or stream this episode, you can go to Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. For early access to future episodes, be sure to click subscribe on these channels.
For more information about the bitcoin halving, CoinDesk Research recently published a 30-page explainer report on these events, which features additional commentary from Minehan, Moravec and other mining industry experts. The report is free to download on the CoinDesk website.
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Dahlia Lithwick is joined by Marc Elias, chair of Perkins Coie’s Political Law Group, he represents the Democratic National Committee and the Democratic Party of Wisconsin. Together, they reconstruct how the Supreme Court stepped into Wisconsin’s April election, and what the path to that decision—and the fallout from it—can teach us ahead of November.
In the Slate Plus segment, Mark Joseph Stern talks about Mitch McConnell’s continued campaign to stack the judiciary, the dissonance between conservative positions on election law and reproductive rights in the time of COVID, and the piece he wishes he and Dahlia had written together this week, but didn’t. Sign up for Slate Plus now to listen and support our show.
Podcast production by Sara Burningham.
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As many Chicagoans celebrate Passover, we’re sharing a story about the history of Chicago’s Jewish community through one congregation.
As many Chicagoans celebrate Passover, we’re sharing a story about the history of Chicago’s Jewish community through one congregation.
On the Gist, antibody tests.
In the interview, it turns out Mike grew up with Harvey Weinstein’s prison consultant, Craig Rothfeld. In this episode they discuss how Craig ended up in prison, his experiences there, and why he became a prison consultant afterward. Our next episode will focus on his experience working with Harvey Weinstein.
In the spiel, finding comfort in the facts we know about coronavirus.
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Masks. We should wear them. We shouldn’t wear them. They work. They don’t work. We’ve heard a lot of conflicting and changing information about masks. Find out the real story, as an expert answers questions from us and from you. Plus we remember “The Mailman from Maywood”, the legendary John Prine, who passed away yesterday at age 73.