CoinDesk Podcast Network - THE MINING POD: Blockstream’s ASIC Mining Note With Adam Back

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

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!

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"The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk.

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Focus on Africa - Is laxity behind  schools fires in Kenya?

In recent years, there have been several incidents of fires at  boarding schools in Kenya, causing concern about  safety measures in place. Is accountability possible?

Dark days ahead as Zambia plans to shut down its hydropower plant at Kariba due to drought

And how changing forms of payment for land are affecting women farmers in Sierra Leone.

Presenter: Audrey Producers :Frenny Jowi, Susan Gachuhi and Charles Gitonga in Nairobi. Blessing Aderogba in Lagos and Bella Hassan in London. Technical Producer: Jack Graysmark Senior Producer: Paul Bakibinga Editors Andre Lombard and Alice Muthengi.

CoinDesk Podcast Network - GEN C: The Power of Digital Ownership and The Blueprint for Web3 with Yat Siu

Yat Siu of Animoca Brands discusses the evolution of Web3, NFTs and gaming, sharing insights on decentralization, intellectual property and the future of the industry.

In this episode, we sit down with Yat Siu, chairman and co-founder of Animoca Brands, a leading company in the Web3 space, as he shares his journey from Atari to becoming a major player in the blockchain world, highlighting Animoca’s investment strategy and vision for the future of NFTs and gaming. We also talk to Yat about the state of Web3, the importance of owning digital network effects and the role of intellectual property rights.

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"Gen C" features hosts Sam Ewen and Avery Akkineni. Executive produced by by Uyen Truong. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

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Native America Calling - Tuesday, September 10, 2024 – Federal help for tribal small business

Millions of dollars are flowing into tribal nations right now as a means to encourage small business development. The money is an extension of the federal COVID relief package known as the Small Business Credit Initiative (SBCI), allowing tribes to administer lines of credit that are often hard to come by. We’ll find out about some of the promising plans for SBCI loans and what might come of them.

CBS News Roundup - 09/10/2024 | World News Roundup

Former President Trump and Vice President Harris ready for their Philly face-off tonight. Francine bears down on the Gulf coast. NFL star's run-in with police. CBS News Correspondent Steve Kathan has today's World News Roundup.

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Reset with Sasha-Ann Simons - How The Stateville Prison Closure Is Impacting Education On The Inside

Stateville Correctional Center must relocate the majority of its population by the end of September due to health and security concerns, and that’s a problem for prison education programs. Reset learns more with the Illinois Coalition for Higher Education in Prison’s Flor Esquivel, Alice Kim of the University of Chicago and Phyllis West from the Social Justice Initiative at Governors State University. For a full archive of Reset interviews, head over to wbez.org/reset.

Up First from NPR - Presidential Debate Preview, Gaza Strike, NFL Player Arrest Bodycam

Vice President Kamala Harris and former President Donald Trump are set to face off in their first, and possibly only, debate of the presidential campaign. An Israeli airstrike killed dozens and wounded many in a designated humanitarian zone in Gaza, raising concerns about civilian casualties and the escalating conflict. And bodycam footage shows NFL star Tyreek Hill being forcibly removed from his car by Miami police before Sunday's game.

Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.

Today's episode of Up First was edited by Megan Pratz, Vincent Ni, Russell Lewis, Mohamad El Bardicy, and Alice Woelfle.
It was produced by Ziad Buchh, Iman Maani, Nia Dumas, Lindsay Totty and Chris Thomas.
We get engineering support from Carleigh Strange and our technical director is Zac Coleman.

In a previous version of this episode, our host quoted the death toll reported by the Associate Press and in the Official Palestinian Press Agency as 40 killed. That number was corrected to 19 by the Gaza Health Ministry.

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The Intelligence from The Economist - Mario druthers: Draghi’s plan for Europe

The EU’s unofficial chief technocrat issued a doorstop of a report outlining how the bloc can boost growth and keep up in a changing world. Is it all too ambitious? Mexico’s lame-duck president has one last project in mind: undermining the judiciary (10:44). And as the film “Fight Club” turns 25 our correspondent finds many of its disturbing messages still resonate (17:49).


Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.

Code Story: Insights from Startup Tech Leaders - S10 E2: Matt Van Itallie, Sema

Matt Van Itallie is the son of a math teacher and a coder - so this explains why he now uses code as data. He is a proud Boy Scout, making it of course to Eagle Scout and beyond. After being a management consultant, he found his way to ed tech, and fell in love with improving code. Outside of technology, he is married with 3 amazing kids. He likes to run, play ultimate frisbee, and has a wicked cool collection of minor league baseball hats.

Sitting a room with the head of Sales, Matt noticed that there were systems like Salesforce that were built to assess the state and future opportunity for business. He then thought, where are these systems for the code itself?

This is the creation story of Sema.

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The Daily Detail - The Daily Detail for 9.10.24

Alabama

  • Sen. Britt says Federal government is headed to decline due to $35T debt
  • Commissioner to AL Dept of Veterans Affairs offers resignation to governor
  • Mayor of Sylacuaga retracting previous statement on legality of Haitians
  • Albertville residents hold prayer gathering re: immigration issues
  • Daleville citizens concerned over Pride Festival and children involved

National

  • Congress to hold ceremony today honoring 13 fallen soldiers in Afghanistan
  • Harris past video links her directly to the chaos caused by Haitian migrants
  • Springfield OH woman pleads with city council for help re: homeless Haitians
  • House Freedom Caucus says state leaders need to get off Federal dime
  • AZ congressman offers bill requiring Photo ID for voting in elections
  • MI supreme court reverses lower court ruling: RFK Jr. name remains on ballot
  • Young American goes viral on Tik Tok for naming the enemy of the people