The Bitcoin Hash Rate Has Dropped. How Long Will It Take to Return?
Listen now
Kevin Zhang, vice president of business development at Foundry, breaks down the latest developments surrounding China and bitcoin mining. Show highlights:  how he came across crypto and which Bitcoin OG he joined at to help start its mining operations arm what Foundry does and its relationship with Digital Currency Group (DCG) why DCG wanted to build out a mining infrastructure business what news from China in early March kickstarted the process of the mining ban how China’s Central Television broadcasting company might have brought extra scrutiny to cryptocurrencies  what the 100th anniversary of the Chinese Communist Party has to do with its Bitcoin mining ban why the Inner Mongolia and Sichuan Bitcoin mining bans were especially disruptive for Chinese miners how much of China’s hash rate Kevin estimates has been shut down since May where are miners relocating to  why Chinese mining equipment will not be allowed to turn on in the US whether or not China’s Bitcoin mining ban will stick why China banning bitcoin mining will be good for the network in the long run  what significant risk to Bitcoin’s network is solved by China banning bitcoin mining how much Bitcoin’s hash rate will drop and what effect this will have on miner revenue why Kevin thinks that Bitcoin is good for renewable energy how immersion cooling technology works what tangible benefits miners could find by moving to North America if El Salvador’s volcanic bitcoin mining plan is feasible what Kevin predicts will happen in the Bitcoin mining industry for the latter half of 2021 Thank you to our sponsors!      Tezos:      Conjure:     Episode Links   Kevin Zhang Twitter:  Mining tweet storms:  Content from previous work experience: Greenridge Generation  Project Spokane    Foundry, Subsidiary of DCG Twitter: Website:  Foundry USA Pool Bit Digital:  Bitfarms partnership:  China’s Bitcoin Mining Ban Travis Kling noted 25 different announcements from China in June alone:  Glassnode: mining difficulty to face its largest decrease ever  The Block: hash rate dropped 50%, Foundry up while everyone else is hurting Nic Carter: breaking down the hashrate migration Secondhand mining equipment prices are spiking Bitcoin miners sh
More Episodes
Aidan Mott, research analyst at Messari, discusses Solana’s network restart that resulted in the blockchain going dark for 17 hours earlier this week. Show highlights: when Solana validators noticed something was wrong and how they responded what initial dex offering (IDO) caused the network to...
Published 09/17/21
Once the block reward diminishes greatly, can Bitcoin be secured only by transaction fees? On Unchained, Bitcoin writer Vijay Boyapati and Ethereum Foundation’s Justin Drake debate the merits of Bitcoin’s security model, which Drake says will largely rely on transaction fees as soon as within...
Published 09/14/21
Ephrat Livni, a DealBook business and policy reporter at the New York Times, discusses Coinbase’s fight with the SEC over its Lend product and El Salvador’s adoption of Bitcoin as legal tender. Show highlights: why Coinbase is unhappy with what it calls the SEC’s “sketchy” behavior how...
Published 09/10/21