Bitcoin Mining in Distress with Nick Hansen

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https://www.whatbitcoindid.com/podcast/bitcoin-mining-in-distress

Nick Hansen is the CEO of Bitcoin mining software firm Luxor Technologies. In this interview, we discuss the distress within the Bitcoin mining industry caused by a perfect storm of leverage, stagnant value, huge growth in capacity, energy price shocks and wider headwinds affecting investment. This could become a national security issue.

TIMESTAMPS:
00:00:00 Introduction
00:01:30 Mining economics
00:12:02 Growth of the mega miner
00:17:45 Miners in distress
00:27:52 Transaction fees and futures hedging
00:39:09 Hash rate growth; Bitcoin halving
00:46:46 Market for Bitcoin mining rigs
00:59:58 The perfect storm for miners
01:05:19 Impact on Luxor
01:11:34 Real Bedford

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