THE MINING POD: Blockstream’s ASIC Mining Note With Adam Back
Description
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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