Welcome back to The Mining Pod! Today we are joined by Adam Back, cryptographer and CEO of Blockstream. Well known for its sidechain software Liquid, among other projects, Blockstream is actually a large private Bitcoin miner. In today’s show, we go through Blockstream mining with Back, including its profile as a miner (energy, locations, fleet). Then we dive into the BMN2, a new financial instrument to help people mine Bitcoin without ever touching a Bitcoin miner! Note, this podcast is for educational purposes only and is not financial advice.
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Timestamps:
00:00 Start
02:11 Blockstream's mining background
08:46 Mining Note details
16:53 Secondary markets & Mining Notes
19:49 Typical investor profile
28:39 Why not self mine?
32:07 Where does Blockstream profit?
36:39 Production costs & cycle timing
42:05 Upgrading ASICs or not?
45:29 Lessons learned, changes made
50:31 Post Interview Discussion
Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!
