In this episode, Colin Harper sheds light on the surprising insight that 10% - 20% of the total network hashrate still resides in China, despite the ban on mining. He dives into the intricacies of bitcoin mining, discussing the 2024 halving's impact, block space demand from ordinals, the global flows of bitcoin ASICs, and the environmental myths surrounding bitcoin. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email [email protected] TIMESTAMPS: 00:00:00 Intro 00:02:34 2024 Halving and miner capitulation 00:12:10 Will miners over use leverage again in the next bull market? 00:16:24 Did the China mining ban pause the 2021 bull run? 00:20:06 Hashrate derivatives? 00:28:06 Ordinals and block space 00:36:23 Time preference of block space usage 00:40:00 Global flows of bitcoin ASICs 00:44:53 Finding inexpensive energy in the US 00:51:15 Bitcoiners don’t actually hate the environment 00:54:27 Sovereign energy production 00:57:40 Is there still bitcoin mining in China? 01:01:18 Where do you see bitcoin and mining in 10-20 years? 01:05:18 Fiat is the experiment, not bitcoin WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom  → Unchained Newsletter: https://unchained.com/newsletter  → Colin Harper’s Twitter: https://twitter.com/AsILayHodling → Joe Burnett’s Twitter: https://twitter.com/IIICapital