Podcasts: Home Mining VS Government Mining Bitcoin - Steve Barbour 🔗 2 years ago

Steve Barbour, Founder & CEO at Upstream Data. Inc. and Creator of the "Black Box" mining equipment joined me today to discuss everything surrounding Bitcoin mining!

We cover the myths around mining energy consumption, how Steve sees large corporate miners playing out AND the game theory behind Nations mining Bitcoin themselves and if they will form a "hash race".

I had a great time speaking to Steve. I hope you enjoy my conversation with him as much as I did and I will see you on the other side!

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Please, if you have the opportunity write me a review on Apple Podcasts.

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Guest: Steve Barbour
Twitter: @SGBarbour

Host: Dennis Porter
- Twitter: https://twitter.com/dennis_porter_?s=21
- Substack: https://dennisporter.substack.com/
- Website: https://linktr.ee/dennisporter

Producer: Jacob Pope
- Twitter: https://twitter.com/producer_jacob?s=21

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BITCOIN 2022 PROMO:

Make sure to snag your ticket for Bitcoin 2022 before the next price increase. You can use code “SMART” for 10% off your ticket.

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As a side note, this podcast is not financial advice. Any opinions expressed by the Host and the Guest are strictly for educational and entertainment purposes only and should be viewed as such. This is the first of many episodes and we’re aware we have a lot of room to grow. Feedback is appreciated and we will do our best to evolve with our listeners. 

Thank you for your support!

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Timestamps.
0:00 - Intro.
1:11 - Steve’s background. 
4:59 - What are ASICS? 
10:52 - Building the Black Box.
19:341 - Is bitcoin mining decentralized?
27:17- Issues with the fiat world.
Tahini on bitcoin standard. 
36:37 -  Working on a Bitcoin standard.
38:55 - Fossil fuels and energy. 
59:50 - Renewables are a misallocation.
1:08:31 -  Is bitcoin good for renewables?
1:15:06 - Fiat maxis stealing equity?
1:28:20 - Thoughts on hash force.