#457: How a Miner Survives a Bitcoin Bear Market with Drew Armstrong & AJ Scalia

TFTC: A Bitcoin Podcast · Oct 26, 2023 · 1h 37m

Marty sits down with Drew and AJ from Cathedra to discuss how things have been going in the mining industry.

Cathedra: https://cathedra.com/

0:00 - Intro

5:04 - New York

11:23 - Current doomer status

14:36 - Lessons learned since last bull run

26:24 - Decisions made in 2022

34:20 - Underclocking and maintaining mining efficiency

39:16 - Evaluing mining businesses by hashprice

43:31 - Educating energy providers

48:25 - Cathedra firmware

52:07 - Shifting the bottleneck away from ASICs

58:20 - AI

1:06:46 - Geographic dispersion of hash

1:12:59 - Rising rates and ETFs

1:25:20 - Halvening…