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.
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TIMESTAMPS:
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?
00:36:23 Time preference of block space usage
00:44:53 Finding inexpensive energy in the US
00:51:15 Bitcoiners don’t actually hate the environment
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
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What is The Bitcoin Frontier?
Join us as we explore the transformative power of bitcoin, delving into how it has reshaped the lives and perspectives of our guests. Joe Burnett’s engaging conversations offer a unique insight into their collaborative journey in exploring this monetary revolution. Discover firsthand accounts of innovation, disruption, and inspiration as we navigate the ever-changing landscape of the bitcoin frontier.
Whether you're a seasoned bitcoin enthusiast or just starting to explore its potential, The Bitcoin Frontier is your passport to understanding the future of finance.