Show notes
Future of Bitcoin Mining 2024 with Shannon Squires, Chief Mining Officer at Compass Mining.Shannon Squires, Chief Mining Officer at Compass Mining, shares insights on the Bitcoin mining market post-halving. Discussions include mining farm costs, ASIC repair markets, and predictions for summer 2024. Shannon also shares his journey in the industry and Compass Mining's current focus.Chapter Markers:00:00 Start03:02 Shannon intro06:45 Greenfield vs rack ready sites08:23 US mining vs global10:05 Self-taught11:04 Compass mining move12:30 Compass business update14:58 Why has hosting survived?17:13 The Accelerated program18:04 How does Accelerated work?20:18 Facility sizes22:04 10 megawatts or bust25:14 Cost per megawatt?25:42 Transformers are abundant now, right? Right?27:30 Halving bankruptcies?28:50 S19 rig bear market30:38 ASIC sales32:24 Repair market35:31 Why are manufacturers training technicians36:56 Predictions38:33 $400k per megawattPublished 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! 👉 Check out our other shows and content by going to Blockspace.media today.👉 Watch our newest documentary, The Big Empty!Follow our host on Twitter, @wsfoxley.Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!-"The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
