Bitcoin Miners Are In Distress
Bloomberg Crypto15 Elo 2022

Bitcoin Miners Are In Distress

In late spring of 2021, China banned all bitcoin mining as part of an ongoing crackdown on crypto in the country. In response, many Chinese miners packed their bags, and headed to the Lone Star state of Texas. Texas offered a relaxed approach to regulation, a unique power grid, and attractive energy prices - all things that seemed ideal for miners looking for a new home. Until 2022.

The situation in Texas is complicated, to say the least. That unique energy grid is prone to power outages. Extreme temperatures mean keeping expensive mining equipment cool is a challenge. And crypto miners are facing financial difficulties brought on by declining Bitcoin prices.

Bloomberg reporter David Pan and Ethan Vera, COO & Co-Founder of Luxor Technology, both attended a recent Bitcoin mining conference in Miami. They join this episode to share some takeaways from the conference and how miners hope to survive this complicated crypto winter.

See omnystudio.com/listener for privacy information.

Jaksot(224)

What Do Stimulus Checks Have to do With Crypto Winter?

What Do Stimulus Checks Have to do With Crypto Winter?

What do pandemic stimulus funds have to do with the recent collapse of crypto prices and entities like FTX? According to Bloomberg Opinion writer Robert Burgess, the answer is basically everything.As ...

12 Joulu 202214min

Bonus: The Crypto Story by Matt Levine - Part 7

Bonus: The Crypto Story by Matt Levine - Part 7

Listen to the final audio excerpt from a special issue of Businessweek magazine, The Crypto Story. Bloomberg columnist Matt Levine uses the full issue to explain where crypto came from, what it means ...

11 Joulu 202222min

This Week In Crypto

This Week In Crypto

Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or  Spotify. The Sam Bankman-Fried apology tour continued this week, despite a number of high-profile lawyers — including one who repr...

9 Joulu 202218min

Current Groupthink of the Crypto Faithful

Current Groupthink of the Crypto Faithful

Financial markets can be subject to a fair amount of groupthink. The herd effect. Mob mentality, even. There’s actually some really interesting research into this: check out for example the paper, “Bu...

8 Joulu 202219min

The Vanishing of SBF’s  ‘Effective Altruism”

The Vanishing of SBF’s ‘Effective Altruism”

Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or  Spotify. Sam Bankman-Fried used to say he was a man on a mission. That mission: giving away more than a billion dollars in the ser...

7 Joulu 202217min

What Are Crypto Diehards Rebuilding After FTX’s Fall?

What Are Crypto Diehards Rebuilding After FTX’s Fall?

Listen to Bloomberg Crypto on the iHeartRadio App, Apple Podcasts or  Spotify. “It’s time to rebuild…” is a catchy phrase often said by crypto industry folks after massive implosions, like the one we ...

6 Joulu 202219min

What Does Political Giving Look Like Post-FTX?

What Does Political Giving Look Like Post-FTX?

The interplay of money and politics in the US is real, and well established. And that includes when that money is either in the form of crypto, or comes from people who made their fortunes in digital ...

5 Joulu 202217min

Bonus: The Crypto Story by Matt Levine - Part 6

Bonus: The Crypto Story by Matt Levine - Part 6

Listen to the sixth audio excerpt from a special issue of Businessweek magazine, The Crypto Story. Bloomberg columnist Matt Levine uses the full issue to explain where crypto came from, what it means ...

4 Joulu 202254min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-ootsa-kuullut-tasta
tervo-halme
viisupodi
rss-vaalirankkurit-podcast
rss-podme-livebox
rss-pinnalla
rss-girls-finish-f1rst
aihe
the-ulkopolitist
otetaan-yhdet
rss-asiastudio
rss-ulkopoditiikkaa
et-sa-noin-voi-sanoo-esittaa
rss-kaikki-uusiksi
rss-raha-talous-ja-politiikka
rss-vain-talouselamaa