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Trusted by over 3,000 subscribers, including mining executives, operators and fund managers –from JP Morgan to mining plebs. With over 400 shows, The Mining Pod is the industry’s best resource for the latest news and strategies in Bitcoin mining. There's only 1 Mining Pod!
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Welcome back to The Mining Pod! Today, James McAvity, CEO of bitcoin miner Cormint, joins us to talk about a potential, looming existential crisis for Bitcoin: low transaction fee revenue. With transaction fees at only 2% of mining revenue, McAvity argues the current model is unsustainable as rewards halve every four years.
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**Notes:**
• Transaction fees: 1/50th of total block rewards
• 20GW mining capacity running 24/7 globally
• 70 basis points: current annual BTC issuance
• $30-50K: cost per gigawatt hour electricity
• 2036: block rewards drop to 8 basis points
• $20T: potential future Bitcoin market cap
Timestamps:
00:00 Start
02:32 Is mining cooked?
08:05 Interpreting Satoshi's Goals
13:17 Hot mess or solid roadmap?
20:46 Cleanspark
21:15 Fees in a money protocol
25:44 truested intermediaries
31:42 Monero attack
38:39 Longterm bearish on mining?
44:59 What to do?
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Published 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!
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The Mining Pod | Blockspace Media
Trusted by over 3,000 subscribers, including mining executives, operators and fund managers –from JP Morgan to mining plebs. With over 400 shows, The Mining Pod is the industry’s best resource for the latest news and strategies in Bitcoin mining. There's only 1 Mining Pod!
