EPISODE · Nov 28, 2023 · 1H 7M
China can’t stop bitcoin mining with Colin Harper
from The Bitcoin Frontier · host Unchained Capital, Inc
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.SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show out with your friends and family→ Send us an email [email protected]:00:00:00 Intro00:02:34 2024 Halving and miner capitulation00:12:10 Will miners over use leverage again in the next bull market?00:16:24 Did the China mining ban pause the 2021 bull run?00:20:06 Hashrate derivatives?00:28:06 Ordinals and block space00:36:23 Time preference of block space usage00:40:00 Global flows of bitcoin ASICs00:44:53 Finding inexpensive energy in the US00:51:15 Bitcoiners don’t actually hate the environment00:54:27 Sovereign energy production00:57:40 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 bitcoinWHERE TO FOLLOW US:→ Unchained Twitter: https://twitter.com/unchainedcom→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Colin Harper’s Twitter: https://twitter.com/AsILayHodling→ Joe Burnett’s Twitter: https://twitter.com/IIICapital
What this episode covers
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.SUPPORT THE PODCAST:→ Subscribe→ Leave a review→ Share the show out with your friends and family→ Send us an email [email protected]:00:00:00 Intro00:02:34 2024 Halving and miner capitulation00:12:10 Will miners over use leverage again in the next bull market?00:16:24 Did the China mining ban pause the 2021 bull run?00:20:06 Hashrate derivatives?00:28:06 Ordinals and block space00:36:23 Time preference of block space usage00:40:00 Global flows of bitcoin ASICs00:44:53 Finding inexpensive energy in the US00:51:15 Bitcoiners don’t actually hate the environment00:54:27 Sovereign energy production00:57:40 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 bitcoinWHERE TO FOLLOW US:→ Unchained Twitter: https://twitter.com/unchainedcom→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom → Unchained Newsletter: https://unchained.com/newsletter → Colin Harper’s Twitter: https://twitter.com/AsILayHodling→ Joe Burnett’s Twitter: https://twitter.com/IIICapital
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China can’t stop bitcoin mining with Colin Harper
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