How Decentralized is Bitcoin Mining w/ Harry Sudock (BTC167)

21 thoughts on “How Decentralized is Bitcoin Mining w/ Harry Sudock (BTC167)”

• 📌 Check out this video next: https://youtu.be/DO5-zt-SpeA

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• Preston have you done a talk with anyone lately on fees? I don't know the last time you made a base layer transaction but the fees are insane. We need to find a solution for this bc Bitcoin won't be relevant if fees continue at this rate.

• Hopefully we're at the point of mining as we were at the beginning of computing, where a computer filled an entire room and even the heads of IBM never imagined there would possibly be a personal computer in every home lol

• I worked in the 70s and 80s as a supervisor and occupational radiation worker on three nuclear power plants, No technology has zero problems. To think that any technology has zero problems runs counter to the Second Law of Thermodynamics: Everything in nature degrades and l/or dies. Parochially, “s$&@ happens”.

  The trick with complex systems like nukes is to design in anti-fragility to allow safe recoveries in the event of unintended, consequential behaviors. That and retention of a core of desig 1:02:59 n and operational engineers and leaders that are transparent about their personal integrity.

  The US, UK and French Navies built over 300 “small modular reactors” that have run at-sea and on-land with no nuclear accidents since 1954 – seventy years. The Soviet Navy built and operated about the same number but with several melt-downs. Simple questions that every energy decelerated must ask themselves: Why the difference in the US, UK and French navies apart from the Soviet Navy?

  A pretty simple “proof of work” yields the correct answers. The critical issue is Supra-regulatory. It’s woven into purely democratic societies. Risk kills a politician’s chance of winning their race. Standing tall in the face of difficult energy choices is a massively risky play for national leaders and energy policy wonks.

  Expansion of nuclear power, whether delivered as-is or with SMRs, is a no-brainer policy that will deliver a better society for centuries – as is adoption of Bitcoin.

• Residual energy in the form of heat can be best used in cold weather for heating. So an efficient solution for mining is simple. Mine Bitcoin in the southern hemisphere in the Summer and mine Bitcoin in the northern hemisphere in the Winter.

• I love this idea and would really like it to take off. But as I keep looking at the economics of this, to date I can't make it work. The idea sounds great, but the problem is that 1) pure electric heat is crazy expensive relative to other forms of heat (heat pumps,, or even propane) combined with 2) the hardware costs eat all the gains because the difficulty adjusts. E.g. I have lots of excess solar, so I can get electric power for 'free' but this does not occur 24x7x365, so the mining rig costs need to be distributed according to when I have spare electrons, otherwise I have to consider the additional cost of electricity or adding more solar. Alternately, I can heat with a more efficient source like my geothermal system. It's less expensive to do that, and use the difference to just buy spot BTC instead of the mining rig. So what is needed is an * inexpensive & efficient* home unit that can compete with other companies (e.g. Foundry) that have contracts with energy companies to burn their excess &/or a rig that heats as efficiently as a heat pump.

• They’ve stopped nuclear because the abundance in energy it would provide would collapse revenue towards zero for all current electricity suppliers, which as a result would wreak havoc in the banking system when the debts couldn’t be paid back. That’s my theory – until someone can convince me otherwise. Great pod guys!

• Exciting times in the crypto world! The latest analysis reveals a bullish trend for Bitcoin in the coming week, especially intriguing following its recent weekly closing patterns. The approval of a Bitcoin ETF adds to the buzz, presenting a prime opportunity for investors to strategize and potentially capitalize on these market movements. Definitely a moment for crypto enthusiasts and investors to watch closely and make informed decisions in this ever-evolving market…managed to grow a nest egg of around 100k to a decent 432k in the space of a few months… I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

• As always, Harry presents great points through his deep mining knowledge.
  I beg to differ on small nuclear plants, rhough. I think he has good business vision, but not so good biohazard pollution vision. If 80% of our US rivers and streams are deemed unfishable after a century of industry, and China is probably worse over just 30 yrs, can you imagine the radioacrive demons rhat will seep their way into evwrything with just a few dozen mini reactor incidents in countries with lacking standards. Also, human greed will cause irreversable damage in disoosal and maintenance corruption.

• He was wrong about Chernobyl. All 3 reactors had problems before the 4th one blew.

  This is very very very wrong

• Nếu mình mua 1 bức tranh NFT mình có bản quyền bức tranh, vậy mình in ra mình treo, hoặc in ra bán thương có vi phạm bản quyền không các bác.

• Here in the southern Colombia rural Andes mountains electrical rates are very low and every village has a large creek with a steep drop coming down the mountain valley. This is a perfect setup for mining. The only thing lacking is capital for the installation. I am a US citizen who lives here. I would love to help propagate mining here.

• Lol already heating my house with asics

• I tried purchasing an older unit. It wouldn't boot. Tried again, no communication. Burned twice! Fool me once, shame on you! Fool me twice, shame on me! My problem with new equipment is it is industrial machinery that isn't always easy to use at home.

• I have a lot of respect for yo and what u have done for us to teach us value investment.. but wouldnt you agree with Munger (RIP) and Buffett on what bitcoin is? not investment..

• Always awesome to hear from Harry!

• "Bitcoin Park"! Love it😍👍

• The EU is about to ban Bitcoin mining, and thus, de-fact ban Bitcoin. Spread the word!

• Sic, another killer conversation with The Investor Pod Cast!

• Hello Preston, would you be willing to share what multi sig service you use? Do you ever offer consulting advice privately? I'm having difficulty finding someone of trust who can guide me in all things bitcoin. Thank you

• Still watching the Obi Nwosu one 😂😂😂. Really hard to catch up😢

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