Bitcoin Mining in Distress with Nick Hansen

SHOW NOTES: https://www.whatbitcoindid.com/podcast/bitcoin-mining-in-distress Nick Hansen is the CEO of Bitcoin mining software firm Luxor Technologies. In this interview, we discuss the distress within the Bitcoin mining industry caused by a perfect storm of leverage, stagnant value, huge growth in capacity, energy price shocks and wider headwinds affecting investment. This could become a national security issue. THIS EPISODE�S SPONSORS: Gemini - https://www.gemini.com/ Wasabi- https://www.wasabiwallet.io/ Ledn - https://www.ledn.io/ Fidelity Investments - https://crypto.fidelitycareers.com/ Ledger - https://www.ledger.com/ Texas Blockchain Summit - https://www.texasblockchainsummit.org/ BCB Group - https://hubs.ly/Q011cb730 TIMESTAMPS: 00:00:00 Introduction 00:01:30 Mining economics 00:12:02 Growth of the mega miner 00:17:45 Miners in distress 00:27:52 Transaction fees and futures hedging 00:39:09 Hash rate growth; Bitcoin halving 00:46:46 Market for Bitcoin mining rigs 00:59:58 The