Bitcoin Bottom Line Protect Bitcoin Mining

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On this week’s “Bitcoin Bottom Line” episode, co-hosts Steven McClurg and CJ Wilson are joined by guest Nick Hansen, CEO of Luxor, and Josh Olszewicz, head of research at Valkyrie.

Luxor is one of the top 10 bitcoin mining pools in the world. They have a hash rate index and through this they aim to provide great data about the mining ecosystem. Additionally, they have an ASIC index. Along with a suite of other products, they are set to launch Energy Markets to track the value of energy over time, which they see as integral to bitcoin mining.

Wilson says, “The hash rate is global, the machines are getting better every two years, and now there are new innovations because companies like Luxor are getting involved on the firmware side.” He goes on to ask, “How do you see bitcoin mining growing over the next two years?”

Hansen explains that he doesn’t see constant hash rates stopping, but the only thing that could reverse that trend is international regulations and how the new hash rates in Texas handle the heat during the summer. The topic of conversation naturally leads to energy, and Hansen explains how “Bitcoin mining is just an energy issue at the end of the day.”

The group discusses large scale immersion cooling, some exceeding 100 megawatts. For reference, Hansen explains that a single megawatt is probably his entire neighborhood. Hansen goes on to explain, “Whether we like it or not as Bitcoiners, ESG is here to stay. If you can build on this effectively, you will make it easier for yourself in the future to raise capital and tell the right story to the market. People who look at ESG are going to be very effective in continuing to be at the forefront of this industry.

The group discusses sustainable energy, and Hansen defines sustainability as “For a thousand generations through solar, wind, and hydropower.” He continues: “This brings us to a new energy future where energy is effectively free. The best part about bitcoin is that it encourages this and gives you the economic value for learning how to do these things.

Wilson explains how we as consumers struggle with sustainability since we love packaging. “The difference between bitcoin and many other items is that bitcoin doesn’t require any packaging. In effect, we took old shipping containers, a torch and some agreements and turned them into these multi-million dollar industries. dollars.

They then discuss firmware, hash rate coverage, out-of-the-box carbon capture techniques and more. Closing the episode, the band agrees that we all need to do everything we can to protect bitcoin mining. Listen to the full episode to find out more!

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