Month: September 2024

In this week’s news roundup, Will and Colin discuss Rhodium’s option to borrow $30m from Galaxy to help with its Chapter 11 restructuring, as well as a Blockspace investigation into how Bitmain’s ASIC chip surplus could be affecting ASIC miner prices. Plus, they weigh whether or not bitcoin mining in space is something out of an Isaac Asimov novel or a not-so-distant possibility and check in on wider crypto market sentiment. Finally, in this week’s cry corner, they pitch a fit about the dumbest idea Colin has heard…maybe ever.

Welcome back to The Mining Pod! Rhodium is filing for Chapter 11 bankruptcy, and they’re going to need cash to get through the restructuring. So in comes Galaxy Digital, which is offering a $30m (or 500 BTC!) loan, in a move that could be a savvy attempt to acquire Rhodium assets. Turning to the ASIC market, bitcoin miner prices are down – a lot – and Bitmain could have a hand in the sluggish demand given how quickly it is releasing new versions of the S21.  For a bit of lighthearted news, the guys get cosmic pontificating on interstellar bitcoin mining, while also taking a less lighthearted look at drooping crypto market sentiment. And to close the show, they roast – and we wish we were joking here – a tokenized vaping product(because who doesn’t want to get paid to contract popcorn lung?)

Timestamps:

00:00 Start

02:24 Difficulty update

05:32 Galaxy offers $30M to Rhodium

12:18 Too many ASICs!

22:04 Mining in spaceeee?!

28:10 Sentiment is bearishh :(

34:13 Cry Corner: Web3 Vaping…?

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! 

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Alleged Georgia school shooter's father arrested. Hunter Biden pleads guilty in tax case. Federal investigation of frequent flyer programs. CBS News Correspondent Steve Kathan has today's World News Roundup.

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Two months ago, French politics was thrown into crisis after a snap election left no party with a clear majority. Michel Barnier, the new prime minister, has a huge task ahead. Donald Trump’s campaign took time to adjust to the nomination of Kamala Harris. Now he’s on the attack again (9:40). And celebrating the life of stonemason, Simon Verity (17:37).

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Alabama

• 11 Pastors in Nicaragua released, AL ministry founder overjoyed
• Gov. Ivey calls for resignation of Ken Davis from AL Dept of Veterans Affairs
• AL provides legal brief over FL ban on transgender surgeries for minors
• Cullman County sheriff mad about illegal alien shooting/injuring veteran
• Troubles with the AL Board of Pharmacy are many  says state lawmaker
• Gov. Ivey releases a list of items for "National Preparedness Month"

National

• Harris bussing in supporters to rallies, also gets endorsement from Vlad Putin
• One trial against Trump will not happen in DC until after the election
• Hunter Biden seeks to avoid tax trial by switching his plea to guilty this week
• FL Senator says Chuck Schumer to blame if there is government shutdown
• VA AG says 100 thousand migrant children lost and unaccounted for
• TX AG sues Bexar County for plan to mail out voter registration applications
• Siri actively taking sides in politics, Amazon quick to make the "glitch" claim