The Resiliency of the Bitcoin Network with Nick Hansen

SHOW NOTES:
https://www.whatbitcoindid.com/podcast/the-resiliency-of-the-bitcoin-network

In this interview, I talk to Nick Hansen, CEO of Luxor Technologies. We discuss the resilience of the Bitcoin network, mining pools and the global economics of ASIC supply chains.

THIS EPISODE’S SPONSORS:
Gemini – https://www.gemini.com/
BlockFi – https://blockfi.com/peter
Sportsbet.io – https://sportsbet.io/?ref=wbd
Casa – https://keys.casa/?pk_campaign=wbd-yearly-sponsor&pk_medium=sponsorship&pk_source=what-bitcoin-did
Exodus – https://www.exodus.io/
Ledger – https://www.ledger.com/
Compass Mining – https://compassmining.io/

TIMESTAMPS:
00:00:00 Introduction
00:03:32 Mining economics
00:18:21 Mining geopolitics
00:31:02 Bitcoinization
00:44:09 ASIC supply chains
00:58:26 No regrets

WHERE TO FIND THE SHOW:
→ My website: https://www.whatbitcoindid.com/podcast/
→ iTunes: https://apple.co/2OOlzVV
→ Spotify: https://spoti.fi/2ygc4W1
→ Stitcher: https://bit.ly/2IQO8fX
→ SoundCloud: https://bit.ly/2CGSVQR
→ YouTube: https://bit.ly/3nyi9Ez
→ TuneIn: https://bit.ly/2ywystr

LISTEN TO OLD EPISODES:
→ By guest: https://www.whatbitcoindid.com/guests/
→ By topic: https://www.whatbitcoindid.com/topics/
→ Transcriptions: https://www.whatbitcoindid.com/transcriptions/

SUPPORT THE SHOW:
https://www.whatbitcoindid.com/sponsorship/
→ Become a Patron: https://www.patreon.com/whatbitcoindid/
→ Subscribe on iTunes
→ Leave a review on iTunes
→ Share the show out with your friends and family on social media
→ Drop me a line on hello@whatbitcoindid.com

WHERE TO FOLLOW ME:
→ Twitter: https://twitter.com/whatbitcoindid/
→ Medium: https://medium.com/@whatbitcoindid/
→ Instagram: http://instagram.com/whatbitcoindid/
→ Facebook: https://www.facebook.com/whatbitcoindid/
→ YouTube: https://www.youtube.com/whatbitcoindidpodcast
→ Website: https://www.whatbitcoindid.com/
→ Email list: https://www.whatbitcoindid.com/subscribe/

LEARN ABOUT BITCOIN:
→ Step by Step Guide: https://www.whatbitcoindid.com/beginners-guide
→ Training: https://www.whatbitcoindid.com/training/
→ Resources: https://www.whatbitcoindid.com/resources/

****

“The China ban also demonstrates the resiliency of the bitcoin network and the bitcoin mining network. As long as there’s one computer running bitcoin, bitcoin won’t die, so we’ve effectively created this new lifeform that’s going to far outlast all of us, and probably humanity.”
— Nick Hansen

Location: Los Angeles
Date: Sunday 17th October
Company: Luxor Technologies
Role: CEO

Proof-of-work mining is at the heart of the bitcoin network consensus, ordering transactions into blocks and providing security. Without a healthy mining ecosystem, the Bitcoin network is vulnerable.

Earlier this year, China banned Bitcoin mining within the country. At that time, over 50% of the hashrate was said to be located in China. What followed was a huge drop in the hashrate as miners migrated out of the country.

While, on the face of it, this could be seen as a negative, the outcome was a more decentralised hashrate and a smaller concentration of miners operating within an authoritarian country.

In addition, stressed economic conditions have led to increasing uncertainty in the supply chains surrounding the fabrication of new ASIC mining equipment.

So what is the state of the Bitcoin mining industry today?

In this interview, I talk to Nick Hansen, CEO of Luxor Technologies. We discuss the resilience of the bitcoin network, mining pools and the global economics of ASIC supply chains.

(Visited 13 times, 1 visits today)

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

eos
EOS (EOS) 3,51 2,46%
aave
Aave (AAVE) 212,62 4,22%
the-graph
The Graph (GRT) 0,878629 7,34%
kusama
Kusama (KSM) 317,94 8,64%
waves
Waves (WAVES) 18,18 7,82%
dash
Dash (DASH) 159,22 0,13%
bitcoin
Bitcoin (BTC) 51.144,28 6,17%
ethereum
Ethereum (ETH) 3.846,02 6,98%
cardano
Cardano (ADA) 1,41 4,42%
tether
Tether (USDT) 0,883504 0,31%
xrp
XRP (XRP) 0,863288 4,04%
solana
Solana (SOL) 179,06 6,93%
polkadot
Polkadot (DOT) 32,49 6,00%
usd-coin
USD Coin (USDC) 0,883504 0,17%
dogecoin
Dogecoin (DOGE) 0,183939 2,48%
uniswap
Uniswap (UNI) 17,89 5,27%
terra-luna
Terra (LUNA) 44,09 13,16%
litecoin
Litecoin (LTC) 178,00 4,42%
chainlink
Chainlink (LINK) 22,07 3,93%
bitcoin-cash
Bitcoin Cash (BCH) 505,69 2,41%
algorand
Algorand (ALGO) 1,51 1,04%
matic-network
Polygon (MATIC) 1,47 4,66%
stellar
Stellar (XLM) 0,288901 1,88%
cosmos
Cosmos (ATOM) 24,38 4,51%
filecoin
Filecoin (FIL) 50,24 0,78%
tron
TRON (TRX) 0,084245 2,28%
ethereum-classic
Ethereum Classic (ETC) 42,10 2,23%
dai
Dai (DAI) 0,883504 0,32%
tezos
Tezos (XTZ) 4,13 2,08%
monero
Monero (XMR) 210,68 5,58%