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Bitcoin Miners, US Energy Producers and Moore's Law
Mining bitcoin as a greener alternative? Inside the relative world of constant fuel production, lumpy demand and bitcoin-based load balancing.
Although some believe bitcoin mining is a wasteful activity, on today's show we dig into the relative world of constant fuel production, lumpy demand and bitcoin-based load balancing.
STORY CONTINUES BELOW
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Listen/subscribe to the CoinDesk Podcast feed for unique perspectives and fresh daily insight with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.
After years of bitcoin mining domination by China-based miners, some U.S. power producers, both professional and incidental, are beginning to get into the game as a way to be more green. It's a narrative reversal if ever we've seen one and if proven successful by the early players could change the bitcoin mining landscape as we know it.
But even without a "green bitcoin" narrative in the U.S., one of China's two major mining advantages has evaporated as Moore's Law stretches out the useful lifespan of modern bitcoin miners hardware.
See also: Lightning Network Messaging, Political Expediency and What Crisis Has Revealed
Greenidge Generation bitcoin mining (1) (2)
Marty Bent's "Great American Mining" episode (1)
Correction: Before installing miners, Greenidge Generation previously shut down during off-peak season. During the episode Adam incorrectly stated that it previously shut down during off-peak hours.
See also: DISCUSSION: How Can Public Blockchains Have Privacy?
Today's episode features Andreas M. Antonopoulos, Stephanie Murphy, Jonathan Mohan and Adam B. Levine.
This episode features music by Jared Rubens and Gurty Beats. Today's show is edited by Jonas, and sponsored by eToro.com.
Listen/subscribe to the CoinDesk Podcast feed for unique perspectives and fresh daily insight with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.
Adam B. Levine
Adam B. Levine joined CoinDesk in 2019 as the editor of its new audio and podcasts division. Previously, Adam founded the long-running Let's Talk Bitcoin! talk show with co-hosts Stephanie Murphy and Andreas M. Antonopoulos.
Finding early success with the show, Adam transformed the podcast's homepage into a full newsdesk and publishing platform, founding the LTB Network in January of 2014 to help broaden the conversation with new and different perspectives. In the Spring of that year, he would go on to launch the first and largest tokenized rewards program for creators and their audience. In what many have called an early influential version of "Steemit"; LTBCOIN, which was awarded to both content creators and members of the audience for participation was distributed until the LTBN was acquired by BTC, Inc. in January of 2017.
With the network launched and growing, in late 2014 Adam turned his attention to the practical challenges of administering the tokenized program and founded Tokenly, Inc. There, he led the development of early tokenized vending machines with Swapbot, tokenized identity solution Tokenpass, e-commerce with TokenMarkets.com and media with Token.fm. Adam owns some BTC, ETH and small positions in a number of other tokens.
