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In this week’s “Bitcoin Bottom Line” episode, co-hosts Steven McClurg and C.J. Wilson are joined by visitor Nick Hansen, CEO of Luxor, and Josh Olszewicz, Valkyrie’s head of analysis.
Luxor is one of many high 10 bitcoin mining swimming pools on the earth. They have a Hash Rate Index, and thru that they are aiming to present nice information concerning the mining ecosystem. In addition, they have an ASIC Index. In addition to a collection of different merchandise, they are nearly to launch Energy Markets to monitor the worth of power over time, which they view as very integral to bitcoin mining.
Wilson says, “Hash rate is worldwide, machines are getting better every couple of years, and now there are new innovations because companies like Luxor are getting involved with the firmware side.” He goes on to ask, “How do you see growth in bitcoin mining in the next couple of years?”
Hansen explains that he doesn’t see the constant hash charge all-time highs stopping, however the one factor that might reverse that development is worldwide regulation and the way the brand new hash charges in Texas handle the warmth throughout the summer time. The subject of dialog naturally leads to power, and Hansen explains how “Bitcoin mining is just an energy problem at the end of the day.”
The group discusses immersion cooling on huge scales, some over 100 megawatts. For reference, Hansen explains {that a} single megawatt is most likely one’s total neighborhood. Hansen goes on to clarify, “Whether we like it as Bitcoiners or not, ESG is here to stay. If you can lean into that in effective ways, you’re going to make it way easier for yourself going forward to raise capital and tell the right story to the market. People who are leaning into ESG are going to be really effective about continuing to be on the forefront of this industry.”
The group discusses sustainable power, and Hansen defines sustainable as, “Lasting one thousand generations through solar, wind and hydro.” He continues, “This brings us to a new energy future where energy is effectively free. The best part about Bitcoin is that it incentivizes that and provides you the economic value to learn how to do those things.”
Wilson explains how we as shoppers wrestle with sustainability since we love packaging. “The difference between bitcoin and many other items is that bitcoin requires no packaging at all. Effectively, we’ve taken old shipping containers, a torch and some chords and we’ve turned them into these multi-million dollar industries.”
They go on to focus on firmware, hash charge hedging, out-of-the-box carbon-capture strategies and extra. Closing out the episode, the group agrees that all of us have to do all the pieces we will to defend bitcoin mining. Listen to the complete episode for extra!
