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A tartalmat a The Mining Pod and Blockspace Media biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a The Mining Pod and Blockspace Media vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.
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Can Bitcoin Survive Low Transaction Fees?

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Manage episode 504022675 series 2908609
A tartalmat a The Mining Pod and Blockspace Media biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a The Mining Pod and Blockspace Media vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more: https://t.me/blockspacenews

Welcome back to The Mining Pod! Today, James McAvity, CEO of bitcoin miner Cormint, joins us to talk about a potential, looming existential crisis for Bitcoin: low transaction fee revenue. With transaction fees at only 2% of mining revenue, McAvity argues the current model is unsustainable as rewards halve every four years.

Subscribe to our newsletter!

**Notes:**

• Transaction fees: 1/50th of total block rewards

• 20GW mining capacity running 24/7 globally

• 70 basis points: current annual BTC issuance

• $30-50K: cost per gigawatt hour electricity

• 2036: block rewards drop to 8 basis points

• $20T: potential future Bitcoin market cap

Timestamps:

00:00 Start

02:32 Is mining cooked?

08:05 Interpreting Satoshi's Goals

13:17 Hot mess or solid roadmap?

20:46 Cleanspark

21:15 Fees in a money protocol

25:44 truested intermediaries

31:42 Monero attack

38:39 Longterm bearish on mining?

44:59 What to do?

👉CleanSpark, America's Bitcoin Miner!

CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner!®, is a market-leading, pure play Bitcoin miner with a proven track record of success. They own a fully self-operated portfolio of mining facilities across the U.S. powered by globally competitive energy prices. CleanSpark sits at the intersection of Bitcoin, energy, operational excellence and capital stewardship to monetize low-cost, high reliability energy while securing the most important finite, global asset – Bitcoin.

👉 Luxor, Leaders In Bitcoin Mining and Compute Power!

Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]

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!

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

455 epizódok

Artwork
iconMegosztás
 
Manage episode 504022675 series 2908609
A tartalmat a The Mining Pod and Blockspace Media biztosítja. Az összes podcast-tartalmat, beleértve az epizódokat, grafikákat és podcast-leírásokat, közvetlenül a The Mining Pod and Blockspace Media vagy a podcast platform partnere tölti fel és biztosítja. Ha úgy gondolja, hogy valaki az Ön engedélye nélkül használja fel a szerzői joggal védett művét, kövesse az itt leírt folyamatot https://hu.player.fm/legal.

Get the headlines that matter, right when they hit the wire: Join our Telegram group for market moving news on top Bitcoin equities like $MSTR, $MARA, $RIOT, $CLSK, and more: https://t.me/blockspacenews

Welcome back to The Mining Pod! Today, James McAvity, CEO of bitcoin miner Cormint, joins us to talk about a potential, looming existential crisis for Bitcoin: low transaction fee revenue. With transaction fees at only 2% of mining revenue, McAvity argues the current model is unsustainable as rewards halve every four years.

Subscribe to our newsletter!

**Notes:**

• Transaction fees: 1/50th of total block rewards

• 20GW mining capacity running 24/7 globally

• 70 basis points: current annual BTC issuance

• $30-50K: cost per gigawatt hour electricity

• 2036: block rewards drop to 8 basis points

• $20T: potential future Bitcoin market cap

Timestamps:

00:00 Start

02:32 Is mining cooked?

08:05 Interpreting Satoshi's Goals

13:17 Hot mess or solid roadmap?

20:46 Cleanspark

21:15 Fees in a money protocol

25:44 truested intermediaries

31:42 Monero attack

38:39 Longterm bearish on mining?

44:59 What to do?

👉CleanSpark, America's Bitcoin Miner!

CleanSpark (Nasdaq: CLSK), America's Bitcoin Miner!®, is a market-leading, pure play Bitcoin miner with a proven track record of success. They own a fully self-operated portfolio of mining facilities across the U.S. powered by globally competitive energy prices. CleanSpark sits at the intersection of Bitcoin, energy, operational excellence and capital stewardship to monetize low-cost, high reliability energy while securing the most important finite, global asset – Bitcoin.

👉 Luxor, Leaders In Bitcoin Mining and Compute Power!

Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]

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!

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

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