Bitcoin Miners Are Stressed Out
Bloomberg Crypto12 Jan 2023

Bitcoin Miners Are Stressed Out

It’s been a tough winter for Bitcoin miners. As prices of the largest token have fallen from their record highs, there have been bankruptcies and warnings of potential bankruptcy. Billions of dollars in losses. Forced sales of equipment. Regulatory uncertainty in states like New York. Increased criticism of the energy consumption associated with the sector…the list goes on.

One miner even changed its name to try to minimize its association with the sector. The company formerly known as Riot Blockchain changed its name to Riot Platforms after seeing its share price fall around 85% in 2022. So what hope is there for Bitcoin miners in 2023?

Bloomberg reporter David Pan and Mason Jappa, CEO and co-founder of mining services company Blockware Solutions join the show.

Subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter

This podcast is produced by the Bloomberg Crypto Podcast team: Supervising producer: Vicki Vergolina, Senior Producer: Janet Babin, Producers: Sharon Beriro and Muhammad Farouk, Associate Producers: Mo Andam and Ty Butler. Sound Design/Engineer: Desta Wondirad.

See omnystudio.com/listener for privacy information.

Episoder(224)

Decentralizing the Music Industry

Decentralizing the Music Industry

Earlier this year,  pop music duo The Chainsmokers released 5,000 nonfungible tokens for free. These NFTs gave fans a 1% cut of the streaming royalties from their latest album, as well as priority acc...

28 Jul 202218min

The Democratic Nature of DeFi

The Democratic Nature of DeFi

There’s a fascinating tension in crypto: there's the prevailing belief in the necessity, indeed the superiority, of decentralization. Then, there’s reality: when things hit the fan, folks respond by s...

27 Jul 202218min

Who Is Kirkland + Ellis LLP?

Who Is Kirkland + Ellis LLP?

There’s an old joke in finance: when companies fight, lawyers win. And right now in crypto, lots of companies are fighting - some for their corporate lives. Kirkland + Ellis, one of the biggest law fi...

26 Jul 202217min

From Blackrock to Uniswap

From Blackrock to Uniswap

Mary-Catherine Lader has a story to tell. She was a rising star at Blackrock when she left Wall Street and TradFi for crypto and DeFi. She's now chief operating officer at Uniswap Labs, creator of the...

25 Jul 202218min

DeFi versus TradFi

DeFi versus TradFi

While there’s a perception that ideas like the blockchain are novel and groundbreaking, the reality is there’s lots of precedents for concepts like DAOs, or Initial Coin Offerings. This is particularl...

22 Jul 202218min

Temperatures Rise at Celsius

Temperatures Rise at Celsius

The crypto winter of 2022 has claimed several casualties so far, but as of late, there’s one name that’s on everyone’s lips: Celsius Network, the crypto lender that’s now trying to save its skin throu...

21 Jul 202215min

The Price of Crypto Admission

The Price of Crypto Admission

What do Rapper Jay-Z and former CEO of Twitter, Jack Dorsey have in common? No it's not music... It’s Bitcoin.  If you spend enough time around people who believe that crypto can transform society, yo...

20 Jul 202213min

Analyzing The CeFi Wipeout

Analyzing The CeFi Wipeout

As investors around the world grapple with the reality of sustained declines in prices across crypto markets,  stakeholders are asking the question: what’s next? And in some cases, who’s next? In this...

19 Jul 202215min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
popradet
aftenpodden-usa
stopp-verden
lydartikler-fra-aftenposten
rss-gukild-johaug
det-store-bildet
fotballpodden-2
i-retten
dine-penger-pengeradet
rss-ness
nokon-ma-ga
aftenbla-bla
hanna-de-heldige
frokostshowet-pa-p5
rss-penger-polser-og-politikk
bt-dokumentar-2
rss-dannet-uten-piano