THE MINING POD: Hut 8’s Bitmain Partnership, Bhutan’s $700m Bitcoin Bags, RFK Jr.’s Mining Letter, Trump’s Bitcoin Burger

Sep 20, 2024

Robert F. Kennedy Jr., a political figure and a strong advocate for bitcoin mining, dives into notable topics about the crypto world. He passionately defends bitcoin mining's role in utilizing renewable energy in a letter to The Economist. The conversation also highlights Hut 8's exciting partnership with Bitmain for new hydro-cooled miners, and Bhutan's impressive stash of 13,011 BTC, turning the nation into a significant player in the crypto landscape. Plus, there's chatter about Trump's quirky bitcoin burger purchase!

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Intro

00:00 • 3min

Bitcoin Mining Update: Analyzing Hashrate and Price Trends

02:54 • 2min

Navigating Bitcoin Mining Dynamics

04:32 • 9min

Exploring CleanSpark's Bitcoin Efficiency and Bhutan's Hydropower Mining Strategy

13:31 • 3min

Bhutan's Bitcoin Breakthrough

16:14 • 14min

Bitcoin Mining's Local Impact

30:19 • 7min

Colin and Matt cover a motley of news items including Hut 8’s U3S21EXPH partnership with Bitmain, Bhutan’s fat bitcoin stacks, why Robert F. Kennedy Jr. is bullish on bitcoin mining, and Trump’s historic bitcoin purchase.

Welcome back to The Mining Pod! For this week’s news roundup, the crew dives into Hut 8’s partnership with Bitmain on the manufacturer’s new hydro-cooled ASIC model, the U3S21EXPH. Matt also gives everyone a geography lesson with his overview of Bhutan and its hoard of 13,011 BTC worth $780 million, the fourth largest BTC reserve of any nation, and Colin covers Robert F. Kennedy Jr.’s letter to the editor in the Economist in which he defends Bitcoin mining for its utility as a flexible load for renewable energy. Plus, a former President, a bitcoin mining CEO, and a pub owner walk into a bar, and everyone leaves with a burger paid in bitcoin (yes, every outlet has covered this story, but we are too). And finally in this week’s cry corner, the unfortunate story of a Norwegian town whose residents will pay more for power after a bitcoin mine ceased operations.

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Timestamps:

00:00 Start

01:38 Difficulty update

03:36 Fractal fees

07:23 Hut 8 and Bitmain ASIC partnership

12:50 Bhutan got them bags!

19:19 RFK Economist letter to the editor

23:12 Trump's Bitcoin Burger

29:32 Cry Corner: Norwegian energy costs rise

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!

👉 Check out Bitcoin Season 2 and The Gwart Show.

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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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