The Folly of the Mega-Mines | Steve Barbour | Compass Podcast
If you follow the bitcoin mining space you would have routinely seen Riot Blockchain, Marathon Digital, Core Scientific and other other large mining farms market themselves as a gift to the grid in North America. But building such large facilities is not without it’s downsides.
In this episode we talk with Steve Barbour from Upstream Data about censorship risks, geolocation for unreliable electricity loads, transmission loss and more.
Steve: https://twitter.com/SGBarbour
https://bullishthoughts.substack.com/p/the-elephants-in-the-grid
Will Foxley: https://twitter.com/wsfoxley
🎥 TIMESTAMPS:
Begin 00:00
Intro 00:29
Why mega-mines might be a folly 01:20
Logistics of decentralized hashrate 12:52
Utility companies 15:11
Unreliable power generation 17:52
Does a BTC standard fix this? 26:15
Regulation 32:01
Should we change Bitcoin? 43:24
Volunteering censorship 48:15
MINE
Start mining your own bitcoins with Compass. https://bit.ly/3CehBf1
WATCH
https://youtube.com/c/CompassMining?sub_confirmation=1
LISTEN
Apple Podcasts https://apple.co/3fNfrdi
Spotify https://spoti.fi/3tSf9G1
Anchor https://bit.ly/3rmb7UF
LEARN
Every week, Compass sends a memo to over 18,000 professional miners and investors with the most important news and data in cryptocurrency mining. ✍️ Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD
FOLLOW
Twitter: https://twitter.com/compass_mining
LinkedIn: https://www.linkedin.com/company/compassmining
Happy hashing! 🤝
#Bitcoin #BitcoinMining
Learn more about your ad choices. Visit megaphone.fm/adchoices