Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik is joined by bitcoin miner Marshall Long, who has been involved in the industry since 2010. Marshall gives the audience a captivating mix of bitcoin mining basics and global experience, in which he discusses mining in China, power grid management, emersion technology, and his opinions on the global chip supply chain. New YouTube videos M/W/F — New Substack posts T/R/S The Bitcoin Layer is brought to you by River. Visit https://river.com and start buying today, or visit https://river.com/TBL for $5 free when you sign up and buy $100 in Bitcoin. Subscribe to TBL on Substack: https://TheBitcoinLayer.substack.com Follow TBL on Twitter: https://twitter.com/TheBitcoinLayer Follow TBL on LinkedIn: https://linkedin.com/company/TheBitco... Follow TBL on Instagram: https://instagram.com/TheBitcoinLayer Follow TBL on TikTok: https://www.tiktok.com/@thebitcoinlayer Subscribe to The Bitcoin Layer on your favorite podcast platform. Subscribe and turn on notifications for TBL on YouTube. Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch Sign up for the free Monetary History course on @SaylorAcademy : http://sylr.org/MonetaryHistory Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball Block Height 812014 #TheBitcoinLayer #NikBhatia #Mining #Energy #EnergyEfficiency #MiningPools #Hashrate #Hashing #GigaHashes #HashPower #MiningRig #MiningRigs #BTCHashrate #POW #ProofOfWork #Halving #HalvingBitcoin #Puzzle #Puzzles #Blocks #BlockTime #MiningBlocks #Chips #Asics #Blockreward #Hardware #Difficulty #DifficultyAdjustment #MiningHardware #GPU #GPUMining #FreeMarket #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Market #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #Macro The Bitcoin Layer and its guests do not provide investment advice. Chapters: 00:00:00 - Marshall Long's Bitcoin Journey 00:04:23 - Competing with Big Miners 00:08:41 - Bitcoin Mining Around the World 00:12:38 - Bitcoin Mining in Southeast Asia 00:16:54 - Bitcoin Mining and Local Grids 00:21:14 - Bitcoin Mining Legislation in Texas and Other States 00:25:26 - Immersion for Bitcoin Mining 00:29:22 - Different Camps in Bitcoin Mining 00:33:19 - Concentration Risk in Semiconductor Manufacturing

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