Sustainable Mining in North America w Peter Wall of Argo Blockchain - Bitcoin Magazine Podcast
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Watch Bitcoin Magazine Video: Sustainable Mining in North America w Peter Wall of Argo Blockchain - Bitcoin Magazine Podcast.
This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with the CEO of Argo Blockchain (ARBKF) to cover all things Bitcoin mining.
The conversation started with a dive into Wall’s Bitcoin story which starts in a hostel in Bali, as these stories often do. Wall’s journey from running that hostel to operating one of the largest public bitcoin mining companies in the industry is a tad out of the ordinary. Wall discussed how Argo breaks down its business among BTC mining, altcoin mining, venture capital and R&D. Of all of these pillars, BTC mining is by far the most important and largest cash cow of the business.
Argo is focused on deploying hash rate across the U.S. with an emphasis on mining using renewable resources. Wall thinks it’s not good that so much mining in China uses coal power, especially during the dry season. He and Argo see North America as being an opportunity to align Bitcoin with green energy while still being extremely competitive globally on energy costs. Wall thinks that Bitcoin mining can get the best of both worlds.
Other topics covered in this podcast:
Mining bitcoin and treasury management
The current ASIC market
How the ASIC market is changing
Misconceptions around Bitcoin mining and energy usage
Mining in North America
Mining bitcoin in Texas
Timestamps:
0:00 - 3:14 Intro
3:14 - 7:00 Peter introduces himself and tells his Bitcoin story
7:00 - 8:45 The obscure and volatile nature of the Bitcoin industry
8:45 - 11:08 Why proof of work mining?
11:08 - 15:50 The breakup of Argo
15:50 - 18:14 How Argo deals with treasury management
18:14 - 19:47 Argo's recent orders of rigs and current infrastructure
19:47 - 21:02 The current demand for rigs and Bitcoin is here to stay
21:01 - 23:53 Treasury management (cont.) and Michael Saylor
23:57 - 31:07 The ASIC market
33:57 - 38:23 The big hash rate drop
38:23 - 39:57 Fees at record highs
39:59 - 44:00 Why mine in North America?
44:00 - 46:54 Green energy mining
46:54 - 50:57 Football sponsorship and closing statements
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