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F2Pool is the largest bitcoin mining pool in the world controlling 20 percent of the collective computational energy, also called hashrate, on the bitcoin network. On the fifth and final episode of Bitcoin Halving 2020: Miner Perspectives, Heller discussed the economic incentives driving cryptocurrency mining and mining pool operations.
This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund
Though miner revenue has decreased sharply over the last two years from around $0.60 per terahash to $0.10, Heller explained bitcoin mining continues to be profitable due to the release of more efficient hardware and the discovery of cheaper sources of electricity. Positive movements in bitcoin price is also a major factor, albeit a frustratingly unpredictable one.
Heller, who operates a slew of his own mining machines, said that without “significant price action” over the next two weeks leading up to bitcoin’s reward reduction, also called the halving, both he and other miners would have no choice but to turn off “older machines.”
For more information about the halving event, download the free CoinDesk Research explainer report which features over 30 different charts and additional commentary from bitcoin mining industry experts.
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Today we're introducing you to one of our favorite podcasts, Code Switch!
Hosted by Gene Demby and Shereen Marisol Meraji, Code Switch offers some of the best stories and conversations about race you'll find anywhere.
On today's bonus episode you'll hear a fascinating story about what happened when Puerto Ricans were asked for the first time on their census form: "What is your race?"
The answer reveals a lot about the island's relationship with the US and, of course, our identities.
Don't forget to subscribe to Code Switch wherever you listen to podcasts.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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We bring you all the big state and local news this week as the covid-19 crisis continues. John Byrne from the Chicago Tribune and Amanda Vinicky of WTTW break it all down, from City Hall to the statehouse in Springfield and everywhere in between.
What’s the importance of zero, and how was it discovered? How do scientists calculate Pi’s infinite digits? Why do so many people find maths difficult – and what’s the most difficult thing in maths?
CrowdScience takes on a whole bunch of questions sent in by high school students in Spain. Like many children all over the world, their school is currently closed due to the coronavirus lockdown, but lessons continue at home. So how are their studies going, and can CrowdScience help out?
We attempt to answer some of their trickiest maths questions, with the help of mathematicians Katie Steckles and Matt Parker, and mathematical biologist Kit Yates.
Presenter: Marnie Chesterton.
Producer: Cathy Edwards
(Photo: A boy studying. Credit: Getty Images)
In the Gist, Georgia is opening back up.
In the interview, Mike talks with Pulitzer Prize-winning historian and bestselling author Jon Meacham about his new podcast with Cadence13 - Hope, Through History – a documentary series on confronting and triumphing over crises in America.
In the spiel, the end of irony?
Email us at thegist@slate.com
Podcast production by Daniel Schroeder and Margaret Kelley.
Slate Plus members get bonus segments and ad-free podcast feeds. Sign up now.
Learn more about your ad choices. Visit podcastchoices.com/adchoices