Future of Bitcoin Mining 2024 with Shannon Squires, Chief Mining Officer at Compass Mining.
Shannon Squires, Chief Mining Officer at Compass Mining, shares insights on the Bitcoin mining market post-halving. Discussions include mining farm costs, ASIC repair markets, and predictions for summer 2024. Shannon also shares his journey in the industry and Compass Mining's current focus.
Chapter Markers:
00:00 Start
03:02 Shannon intro
06:45 Greenfield vs rack ready sites
08:23 US mining vs global
10:05 Self-taught
11:04 Compass mining move
12:30 Compass business update
14:58 Why has hosting survived?
17:13 The Accelerated program
18:04 How does Accelerated work?
20:18 Facility sizes
22:04 10 megawatts or bust
25:14 Cost per megawatt?
25:42 Transformers are abundant now, right? Right?
27:30 Halving bankruptcies?
28:50 S19 rig bear market
30:38 ASIC sales
32:24 Repair market
35:31 Why are manufacturers training technicians
36:56 Predictions
38:33 $400k per megawatt
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