142. Why Bitcoin Miners Get Rekt

142. Why Bitcoin Miners Get Rekt

Why are so many bitcoin miners going bankrupt? We discuss the economics of bitcoin mining, how the difficulty adjustment works, why it makes bitcoin mining a zero sum game, and why it ensures bitcoin is optimized for the saver, not for the miner. Plus, what are the things you need to keep in mind if you are considering getting into mining? Resources (All links available on saifedean.com/podcast/142-why-bitcoin-miners-get-rekt) Saifedean’s first book, The Bitcoin StandardSaifedean’s sec...

Episoder(360)

323. Principles of Economics Lecture 13: Time Preference

323. Principles of Economics Lecture 13: Time Preference

Thirteenth lecture of Principles of Economics explores time preference as the rate at which individuals discount the future, how property rights and hard money reduce uncertainty and lower time prefer...

28 Apr 42min

322. Principles of Economics Lecture 12: Capitalism

322. Principles of Economics Lecture 12: Capitalism

Twelfth lecture of Principles of Economics explores capitalism as the system of private ownership of capital goods, how free capital markets allocate resources to their most productive uses through pr...

21 Apr 58min

321. Principles of Economics Lecture 11: Markets

321. Principles of Economics Lecture 11: Markets

Eleventh lecture of Principles of Economics explains how individual preferences coordinate production and consumption decisions through economic calculation based on property rights, and why consumer ...

14 Apr 1h 6min

320. Principles of Economics Lecture 10: Money

320. Principles of Economics Lecture 10: Money

Tenth lecture of Principles of Economics explores money as the most salable good, how it emerges from trade, solves the coincidence-of-wants problem, enables calculation and specialization, preserves ...

7 Apr 1h 34min

319. Escalating from Suez to Waterloo

319. Escalating from Suez to Waterloo

Trump’s Three-Card-Monte Takes on the Chess Grandmasters This is a full reading of Saifedean's article analyzing one month of the Iran War and its likely political and economic consequences. https://...

31 Mar 53min

318. Principles of Economics Lecture 9: Trade

318. Principles of Economics Lecture 9: Trade

Ninth lecture of Principles of Economics explores trade as voluntary exchange that benefits all parties, explaining subjective valuation, absolute and comparative advantage, and how specialization and...

24 Mar 1h

317. Principles of Economics Lecture 8: Energy and Power

317. Principles of Economics Lecture 8: Energy and Power

Eighth lecture of Principles of Economics examines energy and power as essential drivers of production, showing how abundant energy, especially hydrocarbons, raises productivity, expands trade and liv...

17 Mar 1h 13min

316. Principles of Economics Lecture 7: Technology

316. Principles of Economics Lecture 7: Technology

Seventh lecture of Principles of Economics explores technology as non-scarce knowledge that raises productivity and drives long-term growth, explaining why innovation creates new work instead of destr...

10 Mar 46min

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