THE MINING POD: Russia’s Bitcoin Economy, Coinmint’s Expansion, and Core Scientific’s $8.7B AI Deal

Oct 25, 2024

Is Russia planning to use bitcoin to sidestep sanctions? A revealing discussion probes this potential political maneuver. There's exciting news about Coinmint's expansion in New York, reflecting growth in the U.S.'s mining sector. Core Scientific’s massive $8.7 billion deal with Core Weave is also on the table, showcasing the intersection of mining and AI. Lastly, tensions arise surrounding the controversial Pennsylvania bitcoin rights bill, sparking debate over industry advocacy. Tune in for fascinating insights into the evolving crypto landscape!

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Intro

00:00 • 2min

Bitcoin Mining: Trends, Politics, and Global Implications

01:58 • 16min

Exploring the Hidden Landscape of Bitcoin Mining

18:03 • 2min

Navigating the Bitcoin Mining Service Landscape

20:14 • 11min

Exploring the Distinction Between Mining and AI

31:28 • 2min

Navigating New Waters: HPC and Bitcoin Mining Partnership

33:43 • 8min

Navigating the Humor and Seriousness of Crypto Twitter

41:22 • 2min

Will Russia actually encourage trade in bitcoin to evade sanction? Plus, an update on Core Scientific’s 500 MW, $8.7 billion deal with Core Weave.

Welcome back to the Mining Pod! Will, Colin, and Matt are back with another news roundup. It’s election season, so naturally, headlines about Russia have weaseled their way into the news cycle – only this time, the news is about how Russia allegedly wants to encourage trade in bitcoin to bypass sanctions. The gang also talks about Coinmint’s partnership with NYDIG to expand its Massena, NY facility, and our friends at Compass give us an update on the bitcoin mining hosting market. The show wraps up with the latest on Core Scientific’s $8.7 billion deal with Core Weave, and in this week’s cry corner, the fellas are perplexed at why Dennis Porter, founder of Satoshi Action Fund, is getting so much heat for Pennsylvania’s new bitcoin rights bill.

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Timestamps:

00:00 Start

00:53 Difficulty update

04:00 Russia using bitcoin for international trade?

15:26 Massena & the Alcoa East plant

18:36 Hosting update w/ Karoon from Compass

32:46 Core Scientific Final Contract Option by CoreWeave

37:49 Cry corner: why so butthurt about Dennis Porter?

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

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"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer, Damien Somerset. Distributed by CoinDesk.

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