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Podcast: The Peter McCormack Show
Episode: The State of Bitcoin Mining with Amanda Fabiano & Jaime Leverton - WBD411
Description: Location: New York Date: Thursday 9th December Companies: Galaxy Digital; Hut 8 Mining Role: Head of Mining; CEO Satoshi's white paper introduced the principle of bitcoin mining as both an incentive for creating new blocks, as a means to distribute coins into circulation, and as a means of encouraging nodes to remain honest. Mining is, therefore, the bedrock for Bitcoin. Yet, it is poorly understood even by the most experienced Bitcoiners. The manufacturing of mining hardware is currently dominated by a Chinese duopoly, which in turn depend upon just two Asian semiconductor companies...