29 Burst results for "Asic"
Crypto Mining Blog
Better Mining Efficiency of ZIL with ASICs and Old LowVRAM GPUs on Ezil.me
"8 p.m. Tuesday, march 7th, 2023. Better mining efficiency of ziel with asics and old low VRM GPUs on Ethel dot me. The esme mining pool has introduced a new beta feature targeted at miners using asic miners such as ai pollo or older GPUs with less video memory on board that would allow them to make more profit when dual mining silica zil. These devices do not allow to cache a DAG file for Zia in advance to avoid
Crypto Mining Blog
The Goldshell MINI DOGE II 420 MHs Scrypt ASIC Miner is Now Available
"5 p.m. Wednesday, March 1st, 2023. The gold shell mini doge, too, for 20 M H SCR yp asic minor is now available. Gold shell has completed their new box two home oriented mini miners lineup with the release of the mini doge two minor, that is now available on their website for orders. The new gold shell mini doge to asic minor, much like the other box two devices, comes with dual operating modes, 420 MH at 400 watts
Crypto Mining Blog
Quick Comparison of the Goldshell KD BOX PRO and Goldshell KD BOX II Kadena ASIC Miners
"7 p.m. Monday, February 20th, 2023. Quick comparison of the gold shell KD box pro and gold shell KD box to kadena asic miners. Gold shell's new KD box to kadena KDA asic miners are getting into the hands of more and more small and home miners, and we've also picked up one now also a Wi-Fi version is available, and have decided to do a quick comparison between the KD box two and the older KD box pro model.
Crypto Voices
"asic" Discussed on Crypto Voices
"What it ends up affecting is going to be really interesting. Should this have a material effect specific to the price of Bitcoin? Is this going to really get reflected in the exchanges as the choke point? I mean, there's a world where Bitcoin goes back to being that unit of account. In the pre times, Bitcoin altcoins were basically priced in Bitcoin. There weren't really dollar pairs. Maybe it goes back to that and been Bitcoin's a beneficiary here. But yeah, I think a lot of this is self inflicted, and if you're really loose on enforcement, people take advantage of that. Like, you had scammers that just had sort of like, you know, taking the cookie off the shelf. And there was really nobody doing anything to stop them. No matter how egregious it was. So now maybe that changes, but you know, we'll see. As a follow on to that, how much more, listen, I'm almost sick of the kind of contagion narrative, although it's not false. And we still see a lot of the legal side of this as a ways to play out and the Celsius and DCG and Gemini genesis, but there's a lot left on the adjudication side and to really figure out who's going to get paid by whom and where people are stacking up in the creditor list. But is there more bad news to come? Or are we just in the seeing it play out face? There's definitely a lot of bad debt to get worked through. You know, if we're if we're talking about the price of Bitcoin, I would love to think about it in terms of like, who are the force sellers here that have lots of Bitcoin that haven't already liquidated. Who still is out there that may end up just dumping a tremendous amount on the market. Miners already have, right? Bitcoin is one of the most liquid assets that they can convert in a bankruptcy event like to begin with. That's been liquidated. Who else is out there that could be another really big slug forced liquidations? Do you have a thought on who it is? Or is there? Look, this is Bitcoin. So nobody knows anything. I don't know anything. I think that they're exhausted. I think that for the most part, a lot of that has already been worked through the system. I do still think that there is a lot of bad debt to work through for, let's say like asic lenders. You know, the big shops that are out there like galaxy night dig, foundry, anchorage, BlockFi rest in peace, Celsius rest in peace. But those big asic lender still have, I think, stuff to work through. But I just don't think there's a lot of Bitcoin in the mix there. I think that the miners or the borrowers who are either in default are heading for default, probably don't have much Bitcoin. And then in the fund world, I think that hopefully we've seen the worst of that.
Crypto Mining Blog
The Future of Space Heaters Antminer S9 DIY Build by Crypto Cloaks
"8 p.m. Monday, January 16th, 2023. The future of space heaters and minor S 9 DIY build by crypto cloaks crypto cloaks has just released the 3D printable STL files for their custom bit main amp minor S 9 modification from a noisy asic miner to a silent space heater that mines Bitcoin while keeping you warm during the cold winter days. They have already made available their DIY guide to help you build your own amp minor S 9.
HASHR8
"asic" Discussed on HASHR8
"Asic city on racks waiting for energy. Oh yeah, it was from energy to just, you know, companies that are kind of in some kind of state of maybe they're trying to get recapitalized in some way to deploy them. They bought the a 6. Another way, you know, that kind of not buying it to the N type of thing. But yeah, I do know that there's quite a few out there when we were kind of sourcing for our own stuff here. There was quite a few opportunities. A lot of the stuff that people are looking for like compute north and that kind of stuff, the things that we're going through any kind of litigation. Some of that stuff's going to sit out there for a bit, why it's going through all the arbitration and all the, you know, understanding the inventorying, all that kind of stuff. There was also some speculation that some of the miners from Celsius and stuff would come available and there's a lot of different reasons why certain things are offline right now, but yeah, if we look at what if Bitcoin starts to ratchet up, I think you have a couple of different states of things. You have miners that are in place, powered off because maybe their power agreement required them to only have so much online, like I give you an example R power agreement. 1.5 megawatts of 5 megawatts. We're getting charge that no matter what, right? So 1.5 megawatts again get charged to us. If we're using it or not. So that's our minimum requirement, right? So there could be a situation where miners are in that kind of situation where there's literally set on Iraq plugged in, but because of their cost doesn't make sense for them to run it. Bitcoin starts to ratchet up in price, you're going to have those turn back on. And that there is cradle to grave on that is a few minutes, right? So you can see a bump of those coming on. And how much actual hash rate of these last two tick downs is going to come back online because of that kind of activity as a question. And then you do have a lot in boxes right now waiting for, you know, I always watch Giga chat out there, putting updates out to their different locations as they've been expanding riot and they know they're going to bring a whole bunch more online too that are sitting there ready to go. So I think it really comes down to as Bitcoin starts to ratchet up Bitcoin's price
HASHR8
"asic" Discussed on HASHR8
"For the storage for the wind power, but I think that over time this tech will end this incentive drives people to find the leanest cost of ownership also the leanest way to get power and the fact that we could do that anywhere on the planet is and it's the same set of rules and the same set of terms. There's nothing like it. Yeah, it's so weird feeling just knowing that you can just plug in the Internet and earn some yield by having some computational cycles devoted to something. Let's move over and talk about mining or words right now which obviously a lot of people are not super happy with Bitcoin mining, especially they got in during 2021. They're probably like, wow, this is really painful. And the process that a lot of people have to take when they're getting into crypto, luckily for myself, I got into Bitcoin during the last bear market. So this is not too painful for me because I kind of started there. But some people came at the bowl and they're expecting coin prices up only forever and then I saw what happens. It's very cyclical. First chart for those who are just listening on the podcast, we're going to go through three really quickly. The first one is difficulty adjustment for Bitcoin as a percent change. And then just total and I think the thing to hear or think I'm interested to hear from you personally is about the difficulty changes we've seen from cycle to cycle, maybe 2017, 2018, and then now 2021 to 2022. And it's just ratcheting up like crazy this chart for everyone who's listening obviously can't see it. It's just up and to the right with low blip from the China ban in summer of 2021. But any thoughts when you're looking at it like this as especially as a Bitcoin miner who knows 5 megawatts of load. Yeah, I mean, it all comes back down to anybody that's doing modeling on this really needs to understand their cost to operate and understand that everybody has a cost to operate. So I look at it from a very if you look at everything very baseline is like what's the minimal cost out there that I'm ever going to compete with on ops cost, right? So we're all participants, but at the end of the day, what's it cost for us to run hashes compared to the rest of the stack. And when you look at that from just not just powerade everybody goes to power rate and what your kilowatt per hour, that's one component. Kilowatt, you could have a really good kilowatt per hour, but you could have a not a very optimized uptime. Depending on your service, do you have to shut off a lot more that type of thing, there's different situations you can get into where you can't run a hundred, you're never going to run a 100%. You're always going to have some downtime, but are you having payroll and folks that have to go out there and service a lot and it's out of sequence. And now you're paying a lot more on those costs. So what's the all in cost, not just your power rate. So really understanding what it takes to operate at that, I think, is a critical piece, and what we're seeing, I think, on these pullbacks, obviously, is there's been a couple of large miners out there. They've had some of their situation, maybe changed when it came to, you know, maybe they're a natural gas.
HASHR8
"asic" Discussed on HASHR8
"But yeah, I think everybody at some point had some discussion of crypto being a part of their pipeline. And I mean, we talked to Mercedes, we talked to fidelity, digital services out there. Who else there was a couple other car companies that we talked to that were just looking at not just accepting crypto, but just that it's in their pipeline. They see NFT integration, I think it was AC delco or one of the makers that in dash car units. And they had like a browser in that browser. I don't know if it was just somebody that was there that had there was a crypto crypto person, but there was meta mask. And I was like, wait a minute, that's meta mask. And they're like, oh yeah, it supports web three related stuff in the car browser. And I'm like, that's showing you is that the production side of things that are integrated into some of the vehicles and stuff as an example. So yeah, a lot of good positive stuff when it came to crypto in general. Did the term web three was that floated around a lot because I feel like people are just trying enough that right now. There were people that said the words of that, but it wasn't there was actually a banner that said web three. It was more down the development side of CES. There's where we saw some of the software related stuff down at the Venetian center, but most of it was cryptocurrency, spelled out as cryptocurrency. Or crypto related services, also there was a lot of synonymous metaverse with crypto. They kept it kind of in the same thing, even though metaverse being AR met us. Kind of try to implementation, there was the first booth we went to was just all about NFTs. Capturing things of NFTs, so like some connection with those that nomenclature really being synonymous with that. So I think that's the cultures now finally moving to accepting cryptocurrency as cryptocurrency, not blockchain. I always seen one thing the whole time that we were there that said the word blockchain and it was still related to I think IBM's booth, you know, because they strive to know they've cut back a lot on the blockchain on the hyperledger. They still have it and they're still supporting customers with it. So they had to have a booth related to blockchain. Yeah, enterprise blockchain stuff doesn't seemingly the avalanche network how to announcement this morning, but some integration AWS, but we don't see her too much into that miss podcast. We don't want to trigger any of our maximum listeners for good reasons. Well, you know, we're a big Bitcoin folks have always been in Bitcoin since making the channel in 2013. In a very large supporter of it, but it's just like when you look at crypto stack in general, there's a lot of developers out there that don't have the history on Bitcoin and understand. I mean, maybe they've read the white paper, maybe they understand the innovation that satoshi's brought with that.
HASHR8
"asic" Discussed on HASHR8
"Welcome back to the mining pod. Today on the show we're joined by Michael Carter, aka bits B tripping Bitcoin mining OG. We talk about him going to the consumer electronics show in Las Vegas last week. We also talk about mining cycles, when to deploy capital and asic prices. Welcome back to the mining pod. Michael, thank you so much for joining us today. We're really excited to talk about mining cycles, history of mining, and really where we're at right now in the mining cycles. You guys are building right now a lot of other people are storing cash under the mattress. So I'm excited to get your take to great to see you. Yeah, thanks again, man. I'd love to be on and just kind of share some experience we haven't had a lot of a lot of videos out lately because we've been doing a lot in the space right now when it comes to the build. We've got a 5 megawatt build in mid process for about the light with that. Some consolidation from our GPU stuff now since Ethereum's moved on the proof of stake and there's a lot of GPUs out there. So folks are keeping the other networks up and running, but it keeps that profit Billy really low. And just the interaction there. So just really focused right now on the Bitcoin space and then just came back from CES so we saw a lot of I would say kind of the app side in the vision side of some of the companies and products and services that are leveraging essentially the tool stack and the software stack if we're talking Bitcoin lightning transaction related stuff when they NFTs, all of that kind of stuff too, seeing the use cases that sit on top of these networks kind of getting heartbeat there. But yeah, always kind of moving forward. With the build and stuff and fresh updates to the website to show where people are at where we're at right now in the stack. Well, let's talk about CES while we start there. A lot of interest last year in 2021 for Bitcoin and miners to go there and get Bitcoin adjust crypto peak trade is like November 2021 we hit almost 70 K so CES came two months later and a lot of people are very excited. What was the feeling on the ground there this year? Was there a lot of Bitcoin miners there? Yeah, actually surprisingly there was quite a few crypto people in general Bitcoin miners. Bitcoin mining product companies that we're adding on ancillary services.
HASHR8
Unpacking the Mega 2022 Report From Hashrate Index
"Welcome back, the mining pod. On today's show, we're joined by Colin Harper and Erin meru of hashrate index to go over their mega 2022 report. In this show, we talk about machine prices, a state by state energy comparison, mergers, acquisitions, bankruptcies, and much more. Welcome back to the mining pod. I got two of my buddies on the show today, listeners should be familiar with both her faces. If you're watching on our YouTube channel, got Colin Harper, former colleague, and a killing it over at hashrate index as the lead for their content team. And then you are in Belarus who is also a new analyst for them previously arcane research. He joined us back on the podcast at believe in August to talk about energy markets. They're both putting out this awesome new report on behalf of hashrate index. So we're going to dive into it. It's about 2022. Looking back at the data from last year, at the end, we'll get some thoughts from these two research Bros on what they foresee in 2023. But welcome to the podcast, guys. Thanks for joining. Thanks for having us. Yeah, thank you. Cool. So we got a lot of ground to cover. You guys told me that it was like 40 some pages beforehand and now we will not go over all 40 some pages. If anyone's interested, of course, going to hash rate index website and subscribe to their email list and you'll get it into your inbox or just look for on Twitter by both these guys on Twitter. So we'll leave that there. Let's talk about the highlights. So before we do that, we'll give it to you guys for any top thoughts while you guys have been working on this report for last month. Call on my hand it to you first and then two Erin. Yeah, so I guess high level thoughts for the report and ended up being a lot fatter than I thought it was going to be. A lot of that is thanks to having a boy year and over there helping out and adding some really good analysis and plucking some really good data. I guess I would just say it's just has a much different tone than the report that I put out last year. Like when I put out the 2021 year end report, the industry was leaving the year on a high note. Hash price hit an all time high and late October early November, or sorry a yearly high and early October or early November late October of like 41 bucks per PETA hash. And every metric was up, everything was just booming. And now obviously it's the exact opposite. We had an all time low for hash price last year, $55 per PETA hash, asic prices are in the crapper. Mining stock valuations are also in the crapper. It's just everything that we put into this report. Honestly, depressing is not the right word is because it's just where we are in the market cycle, but it was just, you know, everything was like, and this is down. And this is down. And this fell from this height in 2021. So, you know, the report really kind of just looks at how brutal 2022 ended up being. And it kind of caps we cap it off with talking about how, you know, 20, 23 is going to be a real maker to break it year. Especially considering 2021 brought in a lot of pedestrian investors into Bitcoin mining. With the Chinese mining ban, a lot of business, capital interest built up in North America, and a lot of people joined not really expecting what they were going to get themselves into. So 2020 threes module will be survival and that's kind of like the takeaway or thesis of the report. Love it. And same question over to you. High level thoughts on the research report you guys are about to put out. Yeah, I would say the same thing as sickle and hair. It's just being yeah, everything else is going down this year, as you know. So a little bit depressing, writing is report, but it's rather just behind us. And it gets our get the summer of the year, down on the paper, and after we have looked through it, we can look forward to
Crypto Mining Blog
Goldshell KD BOX II Kadena KDA ASIC Miner Available Now
"8 p.m. Thursday, January 5th, 2023 gold shell KD box two kadena KDA asic minor available now. The asic manufacturer gold shell has started selling an updated version of their smaller KD box pro home oriented asic miner for kadena KDA dubbed gold shell K D box too capable of up 5 T H's hash rate with 400 watts of power usage with a price of 325 U.S. dollars without shipping and customs expenses, starting to ship in mid January.
Blockonomi
PEGA Pool The EcoFriendly Bitcoin Mining Pool to Launch 2023
"11 a.m. Friday December 16th, 2022. Pick a pool, the eco friendly Bitcoin mining pool to launch 2023. Pick a pool is a Bitcoin mining pool where clients who own asic miners connect to its network in order to mine Bitcoin together. Bitcoin mining is a fiercely competitive industry, but it's also hard to maintain profitability. It can not deny that factors such as geography, weather, energy cost, or political jurisdiction can all harm war. The post pick a pool the eco friendly Bitcoin mining pool to launch 2023 appeared first on black and omi.
Crypto Mining Blog
The First Kaspa FPGA Miner Osprey Electronics E300 14 GHs kHeavyHash Miner
"6 p.m. Monday, December 12th, 2022. The first caspa FPGA minor Osprey electronics E 314 GH's K heavy hash minor. It seems that the first FPGA minor not an asic for mining caspa KS and its heavy hash algorithm might be out now the Osprey electronics E 300. The device is apparently capable of 14 GH's hash rate on the K haveby hash algorithm with power usage of 250,500 watts depending on settings with future support for ERG and
BitcoinChaser
Economic Strain in Russia Increases Demand for ASIC Mining Rigs
"9 a.m. Friday, December 2nd, 2022. Economic strain in Russia increases demand for asic mining rigs. On December 1st, the commerce released a report showing that the demand for AISC mining equipment. The post economic strain in Russia increases demand for asic mining rigs appeared first on Bitcoin chaser.
HASHR8
"asic" Discussed on HASHR8
"They also, most of the instruments that are being offered out there, they had very high interest rates, you know, 16% was something that was commonly people were taking. And they were also too short two year terms. That means you have to pay back all the debt and all the interest in half of the lifespan of an asic. The length of those debts needs to mature to where it can match the life of an asic. And it needs to have, you know, maybe some built in terms and flexibility when economics change because a debtor doesn't want to come in and repossess machines at the end of the day. Again, they're picking up things. They have to put in a warehouse and hope for a better time, or they have to sell them at losses, usually. So debt, I think, is just not mature enough. Hopefully someday it will be, which is why we've only taken a little bit. And obviously debt is the leading cause of all the bankruptcies right now. Really do believe that there are two more levers that you can pull. One is Bitcoin. We of course sell our Bitcoin all the time. It's an indirect way to hedge your Bitcoin instead of putting it in something that is an actual hedge. You just sell it. We're here to run a business, that means we need to turn over the revenues that we create back in the cash, reinvest that cash to pay our bills, and to grow. And that's where we lean first is let's grow through our Bitcoin. And then lastly, we do, of course, look to equity. Now, I think equity is the right tool in the current market. You know, people talk about dilution and where the stock price is, but I think that you have to put it in perspective. Even though most miners are down as much as 80%. And I'm speaking in a general sense at this point. You look at asic prices from one year ago, they are down 90%. That means if you measured in most cases, the sell of or the purchase of an asic in the number of shares, it would have taken to buy that asic. You're actually using less shares, even at current market values. And for us, that's a very important ratio to look at, because if I can go buy a minor for $1300 instead of $10,000, yes, my stock might be down, but if it's down less than the asic prices are, that means it's still the right move. And so that's how we're looking at it. We also look at any sort of equity that we deploy. And I think this is the right mindset for any company, is is it making the pie bigger? Dilution is looked down on usually. But if the pie got bigger and the pieces also got fractionally bigger, that everybody gets, then it's a good thing. So I'm one of the largest shareholders of the company. I take dilution very seriously because it matters to me just as much as it does to anybody. And I look at it that way if I can increase the value of the company more than the shares that go out the door, then it's really accretive. It's not dilutive. And that's how we look at it. We're also have always done this, and this is why we sell our Bitcoin. We think it's our obligation to run the company's profitably as possible.
Crypto Mining Blog
Silencing the iPollo V1 Mini Ethash/ETChash ASIC Miner Among Other Things
"6 a.m. Monday, November 21st, 2022. Silencing the eye pollo V one mini F ash slash ETH asic minor, among other things. A few days ago, we have shared our first impressions from the ai pollo V one mini FACT chache asic minor, and now it is time to dig a little bit deeper into this compact and pretty powerful home oriented minor. One of the first things that came to mind when we have opened this 300 MH at chas ec.
Crypto Mining Blog
Heatbit – A Nice Looking Heater That Mines Bitcoin
"10 p.m. Thursday, November 17th, 2022. Heat bit, a nice looking heater that mines Bitcoin. It seems that somebody has finally made the ultimate space heater that can mine Bitcoin while keeping you warm. Enter heat bit a bit main ant minor S 9 asic minor turned into a space heater with a great looking design, silent operation, and mining Bitcoin while keeping you warm during the cold months. Denote that heat bit
Simply Bitcoin
"asic" Discussed on Simply Bitcoin
"Nothing but sauce today, nika, nothing but sauce, sky's you are aware, this is the Bitcoin meme review on simply Bitcoin.
Simply Bitcoin
"asic" Discussed on Simply Bitcoin
"That matters is at least if one minor, if one mining pool, one minor in Venezuela or an Iran. Do you think they're going to be censoring transactions for the U.S. government? Of course not. But it's still something to pay attention to and it's still a potential attack vector as Bitcoin's price continues to go up in value and as more and more people choose to opt out of the legacy system. Anyways, moving on to the news for today, I thought it was super incredibly freaking bullish, but I'm going to give it a preface first. This is blockstream blockstream raised 210 million U.S. dollars. It acquires mining chip manufacturer sponge doodles, but I can never pronounce that. This came out in August 24th, also Intel. Until their hat in the ring, Intel block scale asic. So Intel, one of the largest CPU manufacturers in the world is making a sha two 56 asic that could mine Bitcoin, right? So you have these two companies. Now, it's interesting why are they throwing their hat in the ring? Well, think about the mining manufacturing concentration in China. And you have a company that's hostile towards Bitcoin. Sorry, you have a country. That is hostile towards Bitcoin mining in the first place. But if you have the majority of asics being manufactured in a country that's hostile towards Bitcoin, that could potentially be a weak point, which is why you have blockstream throwing their hat in the ring, which is, I don't believe Intel did it for this reasons, but market forces, I guess. Anyways, very good news. This came out over the weekend or a couple days ago. This is Kevin Zhang. He said, made in America, what's minor? That's right. There's a what's minor M 30 S being made in America. Steven barber challenges said, why not just say assembled in USA? And Kevin replied, good, it's Stephen. I knew someone was going to be going to be a smart ass about this, should have made it would be you because it's actually manufacturing the board and compasses everything after the chip level. It's effing awesome, been secretly in the works for the last three years. That's right, everybody. There's a there's a what's minor manufacturing facility here in the United States. And this is great for manufacturing decentralization because again, like I said, the CCP is very hostile towards Bitcoin. They ban Bitcoin mining within its borders, they ban the transacting of Bitcoin miner. Bitcoin of Bitcoin, but the majority of a 6 are still manufactured in China. Now that is changing. And here is where I'm making a prediction. I suspect that concentration is going to decrease over time. I suspect you're going to see more manufacturing in the U.S., more manufacturing of asics away from China and this is a good thing because you're seeing further decentralization of the whole process. So it's very, very, very, very good news. And this makes me very optimistic and hopefully this trend continues. So shout out to blockstream, shout out to Adam back, shout out to shout out to Intel, I don't really know anyone until.
Simply Bitcoin
"asic" Discussed on Simply Bitcoin
"Asics, like the bit main ant minor S 17 and the T 17 series, micro BTS, what's minor M 20 M 21 and M 32 series among others, let's see how they're doing. They're doing all right. The only asics right now that are doing okay. Somewhat profitable if you have cheap enough costs of electricity are the latest and greatest S 19s, but even them, they're starting to feel the heat. So I suspect we're going to see something very similar to what we saw in 2017. Remember, it took the hashrate, it took the hashrate a whole year, almost an entire year, year for it to have a correction. So I suspect this is going to follow, but I mean, think about how much money they invested in developing and rolling out this infrastructure. They raised all this money during the bull market to buy more and more miners. They raised that money. They built out that infrastructure. They just going to hand over the keys, or they're just going to shut down. No, they're going to plug those miners in, man. But it's extremely painful to be a minor right now. Also, another thing that I wanted to bring up and shout out to Mattel because this is what he's the one that brought this to my attention based on his Twitter. Publicly traded Bitcoin mining firms account for 25% of the total Bitcoin hash rate up from 10% a year ago. That is a very, very, very big number. Do you guys remember the OFAC compliant blocks that was pushed by marathon? OFAC is the office of foreign asset control. They're the ones behind Ethereum since it moved to proof of stake. They're the ones behind pressuring the Ethereum node runners and the validators to center for the U.S. government. If there's only a handful of minors, it becomes very easy for the government to co opt them. It's very difficult for the government to co opt millions of individuals running their own asic machine. So this is something to, this is something to pay attention to, I would much rather want individuals mining publicly traded Bitcoin mining firms account for 25% of the total Bitcoin hash rate. That is not good for decentralization. And not even to mention a huge percentage of those are running in the United States, right? So this is something to definitely be aware of. Let's see if this trend continues. If you're at home and you can afford an S 9 and you can afford an S 19, plug that bad baby in, maybe you're not profitable right now. Maybe you're not. But it sure does help in the decentralization of the network. Not to mention stratum V two also, which is going to be a major change to the first major addition major upgrade to Bitcoin mining is also going to make it so that no longer are the individual mining pools, the ones that are picking the individual TX's that are that are going to be included in blocks. Now, with stratum V two, it's going to give the capability to individual miners to pick and choose what transactions are included in Bitcoin blocks or not. Meaning it makes it makes it a whole lot more difficult for governments to co opt and for governments to apply pressure into force Bitcoin mining pools or Bitcoin miners to center for them. Now, all that being said, even if the U.S. government manages to co opt and pressure 30% of the hash rate, 25% of the hash rate. 45% of the hashrate into censoring transactions for the office of foreign asset control. Even if that happens.
Simply Bitcoin
"asic" Discussed on Simply Bitcoin
"We will be your guide through the separation of money and state. Anyways, today we have a very special show. They announced major announcement that Chinese Bitcoin manufacturer, Bitcoin, asic manufacturer, just announced that they're moving some of their factories to the United States. In fact, they've been already making asics from the U.S. for the last couple of years. It's a very good news, right? Because the majority of Bitcoin asic miners are made in China and we all know how China specifically better said the Chinese Communist Party feels about Bitcoin. They don't like it very much. So we're going to talk about that. We're going to talk about the significance like always we are simply Bitcoin, we bring all the receipts. But first, I want to give a very special shout out to my house and co host, always optimistic. Optimus fields. How are you doing, brother? Well, good morning, Mika. Good morning, everyone. Happy to be here. Another week. Another week of giving you guys the signal. It feels good. It feels really good. I'm rejuvenated this morning. Obviously hopped up on like four cups of coffee. I got to give you guys the energy every morning. But man, I'm excited to get through this news portion today. This is, I saw this over the weekend as really cool, really awesome to see, man. Oh yeah, and of course, of course, of course, for the daily culture. I'm going to cover this article by Bitcoin mag. It says governments use money to control us, a Bitcoin makes that impossible. This is something that we talk about on this show consistently. And now we have some more written workout there to continue to push that signal. So we're coming in strong on this Monday morning. Starting off the week, very strong. I like it. Anyways, ladies and gentlemen, let's start the show. Let's do this. Number ten. Brought to
HASHR8
Examining Biden's Chip Ban
"Let's kick it off with some Biden chip band, give me the lay of the land for this story. Definitely important for a lot of people in electronic space. Yeah, I think the Biden administration part of their strategy is they want to keep their semiconductors at home. So this story essentially came out to where they unveiled part of their strategy and the key points are that they kind of want the semiconductor industry workers to come home that are currently working in China. And then they don't want to send the cutting edge chips, those 5 nanometer 7 nanometer chips over to China. And so if you think about impact on the Bitcoin mining space, it could be that manufacturers in China can't get their chips and maybe produce as much. But I know you have some color on this one, so I'm going to send it back over to you. Yeah, first seeing a story you're like, oh, this is not good for the asic industry because a lot of asic manufacturers were formerly very centralized in China, but luckily it has changed over the last two years, pretty drastically. So we have bitmain and we have micro BT, those make up probably 90% of the asic marketplace, maybe even a little bit more. And both of those teams work through different foundries to procure their chips, notably TSMC, which is based out of Taiwan with bitmain, and then Samsung for micro BT, which is located in South Korea. A lot of the machines were then assembled in China, especially in Shanghai and those sort of areas. But it's not really the case anymore. Luckily bit main and micro BT really saw through this a while ago, made some strategic moves. A lot of both their operations are actually now based in Malaysia and Indonesia. A few other locations in Southeast Asia. That's where they're putting these machines together. So if you get an asic nowadays, that's commonly where it's manufactured.
What Bitcoin Did
"asic" Discussed on What Bitcoin Did
"Service providers away, Ethereum would survive, but it would be a bumpy few weeks and months until alternatives could be designed and built and funded and everything. Okay, so alternatives would be required. And there are, to be clear, right? There are open-source, even decentralized versions of these things, but they just don't work very well. They're kind of funky and they don't really scale very well. The centralized inferior and ether scan they work really well. Everyone uses them for a reason because they work really well. But it sounds to me that therefore it is a whack a mole. Because if you replace it, you've just got to replace it with something else. There's also complicated has its own issues. Okay. All right, well look, look, helpful to know. Good. So this talk about proof of stakes. Let's do it. Do we know why Ethereum? I'm going to say theorem I say collectively wants to move to proof of stake. Yeah, so we began talking about this earlier. My understanding is this has always been on the Ethereum road map since the very beginning since the 2015 days. The goals were number one to reduce the energy intensity. We talked about that part. Number two, scalability. So proof of stake makes it much easier to do things like sharding, which we should talk about. And I actually had some notes. I'm trying to remember. Right. The big one is that the security is cheaper. So you can other things being equal, you can reduce issuance and maintain the same level of security or have a higher level of security in theory. Those are the biggest benefits to proof of stake. Because the cost of validating blocks is a lot lower. It's much cheaper, right? So the miners don't have that initial capital outlay that they need. So the difference is, okay, if you buy an asic, that asic is a physical piece of hardware. It's a physical capital expenditure that what's the word for it? There's an accounting term for this. Basically, degrades over time. Oh, you have to amortize the deprecation. Deprecates over time. Over something, I think the life I think it used to be a year to two and now I think it's like two or three years you can kind of expect them to still be profitable. But the point is it goes away over time. And miners have to be compensated for that. In the case of proof of stake, yes, you have a capital outlay in the sense that the state you have to buy the state itself and lock it. But if you at the point where you stop validating and stop sticking, you can withdraw the full stake, plus rewards..
HASHR8
"asic" Discussed on HASHR8
"As soon as like the prices go up you'll see prices. manufacturers pricing less so less volatile. But you can see it even bit made website right. They had basic on there. The tj pro for more than ten thousand dollars but as soon as big dropped forty two thousand. That price dropped to nine thousand three hundred and i it usually price the drop in the price of does not Fall right away. But i think people are starting to see like demand i mean us. Apply starts like Pick up again. There's a period of time touring obvious in october where it was turned to get a little bit if he but now october batches coming up and so many more miners are selling their futures and selling some stuff. That's really addressing. Yeah i mean. I watched it somewhat closely but you definitely see significant movements. Invasive prices both over the past year sort of very closely tied to bitcoins price. Vincent from what's the same question to you like from the from the manufacturing side. I guess there's a couple of facets to this question like what do you think. More directly affects the price of the machine. You know the prices for the actual components of it or the market price for bitcoin itself. And how do you see those two things are. How have you seen those things affect the price of these machines. So we have to say Both have the impact. Okay so what we can see you step down. So in case the mining properties is you know not so worse so bad so the price of the minus most a impact by bitcoin price. And will if you so basically it. It is related with mining profit. Patera hash could they into twenty four hours You know it has serious impact on the price of the minus in case and the mining profit is this is You know and not a break through the hardware cost a my mind. That's okay so in that case. For example if lee based on if we base on the are i period of the hot wheel for example and thirty one this process. We normally take get three hundred thirty days all three hundred base and the appeared and so in case the mining profit goal goes to ten cents. Okay or even less than that. Okay so then you know. The the the minor price in stock may be lower than hotta cost. So in that case we need to consider whether we sail those hotrails in in improv loss. Or you know re readjust fail at minimum. The hardware cost okay so in case the mining prophet is stay. Look at the normal level o'kane show than the price will be based on most likely the mining profit hash kobe..
HASHR8
"asic" Discussed on HASHR8
"I should say good.
We Study Billionaires - The Investors Podcast
"asic" Discussed on We Study Billionaires - The Investors Podcast
"At the end of the day. I think insular bitcoin owner. It's very possible. What do you think adam. Only sunny has a good technical understanding you know. He was teaching courses on the bitcoin. Mit brazzi taking his place on their online site The regulation is informed So we'll see. I mean i guess. The one of the questions on people's minds is if a bitcoin. Atf will finally make it through the regulatory process. And it's it's It's going to cost you in a lot of ways in a sense. I assume some americans buying the canadian. Atf's of which there are now multiple and has some multiple in on six the stock exchange and other places internationally say the us is kind of being held back on and it's big mock. It say i think there are always some bitcoin. Atf's in the application process and people who try these things. But i think there are more unusual amendment and some new entrance from established financial players of different flavors yuna players big players. Yeah so some based on the Future a way to get a basing people looking at formula clearly. the reason. Why previous tips being nominally down. And so i think getting treated future gives them access. Cme me malkin which has held a fool the regulators. Criticize alright guys. That's all i have for you. Give a hand off to. If people want to learn more about block stream or whatever feel free to provide a hand off also gonna have this john feffer article in the show notes. Offer people to check that out with and that was the one that atom referenced earlier Go ahead and take it away. Yeah so if you wanna look at bulk. Dream dot com and everything is under the samson. Did you have anything else. Because i know you're in the gaming space jimmy game Stuff the hand off you can find you on twitter at at bloodstream. Where on facebook clinton basically everywhere. And if you're interested in games and security against you can check out. Incident sleet incidentally dot com. All right. we'll have that in the show notes guys. Thank you so much for making time. I'm always just amazed every time. I get a chance to talk to you. Learn about all the things that are happening. Out there with block stream issues mind-blowing. Thank you for making time experts. Hey so thanks for listening to the show. If you enjoyed the conversation be sure to subscribe to the show on whatever podcast app. You're using. we really appreciate that. And if you have time leave us a review so thanks for joining us this week and we'll get you next wednesday. Thank you for listening to ti key. To access. Show notes causes or forums go to the investors podcast dot com. This show is for entertainment purposes only before making any decisions. Consult a professional. This show is copyrighted by the investors podcast network. Written permissions must be granted before syndication forecasting..
We Study Billionaires - The Investors Podcast
"asic" Discussed on We Study Billionaires - The Investors Podcast
"So like i said in the introduction. I'm here with dr adam. Back and samson mao gentlemen welcome back to the show expressing. Thanks you guys Checking twitter. And i'm seeing these feeds coming out of the block stream website and You got some big news to announce the first thing was this Announcement of this modular mining unit You guys are just going by The acronym m. and you talk to us about what this is in. What kind of problem. You're trying to solve so it's to take mining closer to be power producers and provide them with a way to increase the sun to have a steady baseload and increase the profitability of being a power generator and particularly some intimate powell's they They when they build a new some zero emission installations. Sometimes it takes an extended period of time until the connected to the grid so this is something that can provide them with the media power and then also the the grit demands. Aw variable and maybe the generation is variable to so you know they. They're in business. They're trying to make an economic case to get project financing to build a remission mike No foam win foam hydrophone that conflict and they have to make a economic case for it and so having a kind of buyer lost result that stunning boy any excess power helps them economically To achieve the project pundits saying. And so you know. What's the one of the differences with the butchery manager. Wall muslim mining units is that the the producer boys the unit or. Lisa's a in some form. So it's their equipment and in exchange for that they have the right to sell power to it and so they are not exposed by defoe sued the bitcoin price they disabled to sell power. At what is for bulk. Power produces an attractive price and arisen. We're willing to pay this attractive prices because we wanted bitcoins and they've they've bought the moina effectively right so we if you if you on the moina and pay the literacy your literacy bill if any penny literacy bill you can afford to pay a higher power rate and so we can pay attractive power rate and if they end up selling or the power to mining that's if they have high grid demands that spine to that just means they made their profit in a in a different way so in a way. It's kind of a black box that you're providing to energy producers and bay are effectively mining. But they don't necessarily me to know or or deal with that aspect of it they just have. This machine advise power from and can make their operations far more profitable. How much more energy. And i know this varies from energy producer to energy producer bit. What are you guys going after. Is it a twenty percent additional energy capacity for for your standard energy company that they're kicking off that they're just not using and they need that bat Additional twenty percent to handle peak demand or is even larger than that type of powerbook cetinje. Grids are built for peak power. And so they have significant unused power and of course many palaces can be run at variable levels so that i can just sit down when the power demands lower but given a sample in in montreal quebec province of canada about fifty percent of the powers unused. It's mostly hydro so it's just Bypassing the generators porno sluice gates and say man that's in sort of missed economic they could so to mining and of course if there was a surge in powder demont they could tell them running off site now other kinds of power of variable for different reasons. One is so obviously any works in the inhalants unless you have batteries as well and wind depends on the wind speed so and similarly power demonstrable it will sending on easing been drain code. Same time off to watch a football match will something it. There was a spikes full. Residential powell habit reasons and full industrial. What can a reasons when people operating industrial plants so the pound took place and some of these power generation methods relatively efficient. Take awhile to start up and stop to to wind down. And so when they produced in the power. It has to go somewhere. You can't just keep generating a not not drill break. Something like kim the grid and so they actually at times have to pay people negative power rates to get rid of temporary excess powers while signing can will say fulfill that purpose but meanwhile we have somebody from forbes. Who's probably writing an article right now. About how the energy use is going to Take over the entire planet here in about six months with bitcoin mining. The power is coming out right to lake here. You got these waterfalls or however they're har harvesting the energy from the from the hydro dams and I mean it's gonna produce this energy one way or the other it's coming out. It's just it's just there for the taking so. This energy is quite abundant. Just our ability to harness and transport or transmit it is limited denied yank mining will be driving a lot of advancement in in this sector to improve upon. That went better harness energy overall so. I think there's an positive here like you need some new technology that moves things forward and the demand from bitcoin mining and economic bonus. That gives you. Is that potential factor. That can't wish head technology technology. So adam you're initially described like hey wool lease this will come. We'll set it up service it and You pay us. We come up with an agreement. With what energy rate will pay for You'll be providing to the mining rig and we wanna keep the bitcoin. Do you find yourself in a situation. Where you think energy producers are going to say now. Just just give us the eh menu itself and we'll we'll keep the bitcoin or you guys at that point or do you think that they kind of like the structure of this right now while i mean for so that conventional infrastructure uh they The may not be that familiar with queen in a prospective just gave page conventionally for the power would Sounds good to them. And large-scale bulk power generation point is relatively low cost so that could be win win but now there are other people we work with like aca for example. Ct who funded the new division for connect with bitcoin and say they were obviously much interested in in getting a bitcoin. Say you know we can construct a different way to.
HASHR8
"asic" Discussed on HASHR8
"You just need to save proofs it it it's faster it's more efficient at An it's a lot of like in really reduces the amount of code that you need. And so i think it just makes bitcoin more able to deliver on its goals and also it's not a hard fork of any kind. It's it's neither hard for software. You can just roll it out in kind of as a parallel system And then people can gradually a switch over to it so you tree exile is one one thing in the bitcoin tech stack that i would really like to see added in another thing that i think would be interesting for very technical reasons is op cat. Not code. that allows you to concatenation stuff together if you add up cap to Bitcoin script is just some some very useful things post post quantum opportunities emerge And i think those are just interesting and then on the mining side. This is something that i would say is too risky for bitcoin. But i'm personally excited about and so. I hope that in the future some old coins. Get to experiment with it. But it's not something. I would advocate bitcoin. Switch to unless unless we have proof from the outgoing world. This is a really sound idea. Because i don't think we know at this point that it's a sound idea. But in my messing. Around with ace manufacturing. I found a way to do to create in a sick algorithm that is extremely energy efficient And so right. Now you buy a fifteen hundred dollar s. nine or i guess we're on around s. nineteen seventeen s. Nineteen at this point. Yeah we're at the surround the s. nineteen now so you buy like a twenty five hundred dollar s. nineteen and it consumes. What like like two or three thousand watts right and the energy efficient version of this This new prefer workout or the might come up with a twenty. Five hundred dollar will discount like nfl. Nineteen would only consume. Maybe thirty or forty watts of energy and so What it would also be a lot smaller and so really you would have a ten million dollar data center. That's the size of a single bedroom and it consumes as much power as like two homes. You know it's the whole the whole thing is like ten kilowatts and so that's kind of. That's something i'm excited about. And i think it has some very interesting properties or the bitcoin network. And so i think it's potentially an avenue and it also addresses some like climate concerns that again. I i don't know that. I agree with the climate concerns But i do think it's interesting. We have this kind of like avenue to address them And so. That's something that i'm i'm hoping to introduce to the outgoing world. I'm hoping someone will pick it up and run with it and then we can kind of see how the incentives play out and see if it makes more sense and if the game theory works than maybe we can start advocating to try and switch bitcoin over. Yeah i love that framework. That you have are easing coins to kind of mess around like that. It's not serious money like leave. Bitcoin alone conservative. David is really awesome. Have you on the podcast. Thanks for your takes on everything. Appreciate the insights basic market and then also just updates for compass. Minors on science really interesting awesome as glad.
HASHR8
"asic" Discussed on HASHR8
"I o. and now onto the show. It how you doing today. Hey doing great really excited for you joining a show like i was telling you earlier. Not overly familiar with. I'm pronouncing it wrong. I'm like two years now. Actually but i am very familiar with your twitter personality. I've always kind of liked how you get your thoughts out there. They're very brief their poignant and to the point. That's definitely gift for twitter. But i wanted to start off. I think a lot of people here don't know about your project thing from cooler projects in the space. Can you kind of describe. And skynet and what you're trying to do with your project. Yes so the the original idea of this high of blockchain was if if we can have a money without a bank which is what bitcoin enabled. Can we also have a cloud without a cloud provider and so back back in. The cloud wasn't even as overbearing as it is today. It was like you had you had ike. Cloudy had dropbox like i. I want to storm files in the cloud without dropbox owning my data. I want to own my own data just like with bitcoin. I want to own my own money and not trust the to the bank. The federal reserve and so we used a lot of the techniques that bitcoin us to pull this off with money to pull this off with cloud storage and so we have created a decentralized cloud storage platform that allows you to back up your data in a way that's remote and it's it's secure and reliable But it's also a completely under your control. And then recently we kind of evolved that idea and we realized that we could Extend and add little little protocol extensions that got us from just cloud storage to a full-fledged cloud in so you can think like a fully decentralized facebook where you own all of your connections you own all of your posts you you know..