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China Mining Ban 2.0? Inside CCP Sweep of Xinjiang's Bitcoin Mines / w Nick Hansen

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Manage episode 524471695 series 2638359
Content provided by The Mining Pod and Blockspace Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Mining Pod and Blockspace Media 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://podcastplayer.com/legal.

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Welcome back to The Mining Pod! Today, Nick Hanson, CEO of Luxor Technology, joins us to talk about the ramifications of the most recent Bitcoin mining crackdown in Xinjiang China, how it relates to the 2021 prior ban, and what could happen to all that hashrate if the crackdown holds.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

**Notes:**

100 EH/s off-line in Xinjiang

1.3GW to 1.63GW of lost capacity

400,000 to 500,000 machines off-line

Hashrate fell 6% to 1062 EH/s

China's market share: 14% (145 EH/s)

Hash price $36 or $37 (depressed)

Timestamps:

00:00:00:00 Start

00:03:02:23 China Ban Redux

00:07:03:13 Discrepancy in numbers

00:08:13:22 What does this mean for miners?

00:09:52:11 Tik Tok & Red Note

00:12:00:19 Global Hashrate heat map

00:13:54:09 Moving hashrate globally

00:16:49:24 ASIC market

00:18:42:10 Does this lead to consolidation in ASIC manufacturing?
00:21:39:23 What about China Ban 1.0?

👉CleanSpark, America's Bitcoin Miner!

CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.

👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation

FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute.

👉 Luxor, Leaders In Bitcoin Mining and Compute Power!

Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.

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!

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

482 episodes

Artwork
iconShare
 
Manage episode 524471695 series 2638359
Content provided by The Mining Pod and Blockspace Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Mining Pod and Blockspace Media 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://podcastplayer.com/legal.

Subscribe to the Blockspace newsletter!

Welcome back to The Mining Pod! Today, Nick Hanson, CEO of Luxor Technology, joins us to talk about the ramifications of the most recent Bitcoin mining crackdown in Xinjiang China, how it relates to the 2021 prior ban, and what could happen to all that hashrate if the crackdown holds.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

**Notes:**

100 EH/s off-line in Xinjiang

1.3GW to 1.63GW of lost capacity

400,000 to 500,000 machines off-line

Hashrate fell 6% to 1062 EH/s

China's market share: 14% (145 EH/s)

Hash price $36 or $37 (depressed)

Timestamps:

00:00:00:00 Start

00:03:02:23 China Ban Redux

00:07:03:13 Discrepancy in numbers

00:08:13:22 What does this mean for miners?

00:09:52:11 Tik Tok & Red Note

00:12:00:19 Global Hashrate heat map

00:13:54:09 Moving hashrate globally

00:16:49:24 ASIC market

00:18:42:10 Does this lead to consolidation in ASIC manufacturing?
00:21:39:23 What about China Ban 1.0?

👉CleanSpark, America's Bitcoin Miner!

CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.

👉 FBOX, Cooling for Bitcoin Mining and the AI Data Center Transformation

FBOX is the global leader in cooling system manufacturing, with the #1 shipment volume of bitcoin mining containers worldwide. Not only powering for the strongest hashrate, their technology also helps mining infrastructure transform into AI data centers. Backed by the largest production scale on earth, global deployment capability, and a full range of cooling solutions, they are shaping the future of compute.

👉 Luxor, Leaders In Bitcoin Mining and Compute Power!

Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.

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!

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

482 episodes

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