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Podcast: Stephan Livera Podcast
Episode: SLP295 John Lee Quigley Why Bitcoin Mining Is Shifting to North America
Description: Historically, Bitcoin Mining as an industry was dominated by China. John Lee Quigley (formerly of Compass Mining, and now independently consulting and writing) rejoins me on the show to talk about his recent report on the state of Bitcoin mining. We talk about the various factors going into this generational shift. Listen to this episode to understand some of the dynamics, gleaned from John’s in depth research and interviews on the subject. We chat:
Historical reasons for China’s dominance
Why its changing now
Mining equipment upgrade cycle
Capital market access
Regulatory certainty
Downsides of this shift
Joh...