Anders Larson (U.S. Bitcoin Corp) on strategic miner decision making (EP.270)

Описание: Anders Larson, head of strategic finance at U.S. Bitcoin Corp (https://www.usbitcoin.com/) , joins us to talk about how miners make decisions and allocate capital. In this episode:


• The Wharton class of 2018

• Are Bitcoin miners clogging up the chip supply chain?

• Why Bitcoin miners are 'tier 2' customers at foundries

• The scale of US BTC operations in terms of hashrate

• Why US BTC has been so quiet historically

• How US BTC targets renewable energy

• Which renewables are easiest to find

• Is there any truth to the story of Bitcoin improving the economics of renewables?

• Why ASIC depreciation is slowing, and how that affects the viability of different energy sources

• The relationship between Bitcoin's carbon intensity and ASIC depreciation period

• Can ASICs last for 5 years?

• How does US BTC think about uptime on their units?

• Why lower uptime means that you have cheaper power due to demand response

• How US BTC thinks about hashrate growth and why they are more conservative than their competitors

• Why Chinese hashrate is not completely eliminated

• The state of affairs in Kazakhstan

• How Anders thinks about political risk in mining

• How policy logic informs selective mining bans and mining subsidies

• How Anders sees miners vertically integrating with energy firms

• How Anders thinks about proposed state bitcoin mining bans in places like NY

• Why mining bans in the West are often counterproductive

• The relationship between energy consumption and civilizational progress

• How Anders thinks about the energy cost debate

• Whether the CBECI hashrate distribution estimates are reliable

• Why the US having a large share of hashrate isn't something to be concerned about

• How mining could become a states rights issue

• Does US BTC project fee growth in their models?


Sponsor notes:


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• This episode supported by Public.com (https://public.com/onthebrink) . Start investing with as little as $1 and get a free slice of stock up to $50 when you join Public.com today. Visit public.com/onthebrink (https://public.com/onthebrink) to download the app and sign up.