Ben Gagnon (Bitfarms) on Separating Fact from Fiction in Bitcoin Mining (EP. 303)

Published: March 30, 2022, 10 a.m.

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Ben Gagnon, the Chief Mining Officer at Bitfarms, joins the show. In this episode we cover:

  • Bitfarms\' journey to the public markets in the US
  • Ben\'s early efforts in flared gas mining
  • How immersion cooling could provide operational efficiencies\\xa0
  • Bitfarms\' site selection methodology\\xa0
  • How Bitfarms secures power originally built for now-departed industries\\xa0
  • How Quebec overbuilt electrical infrastructure\\xa0
  • The benefit of miners locating themselves in Quebec and scooping up stranded power\\xa0
  • How Bitfarms took over a shuttered hockey stick factory\\xa0
  • Why Bitfarms is so keen on stranded hydro\\xa0
  • How Bitfarms curtails their power usage \\u2013 and why curtailment makes sense\\xa0
  • Finding excess power in Argentina and Paraguay\\xa0
  • Does Bitfarms have a low carbon intensity mandate?\\xa0
  • Why being pro-renewable is a good business decision\\xa0
  • Why Bitfarms isn\'t focusing on Texas right now\\xa0
  • How Bitcoin is the most efficient way to monetize stranded energy assets
  • Bitfarms\' criteria for compelling energy resources\\xa0
  • The progress of the Bitcoin Mining Council and the bettering of transparency in the mining space\\xa0
  • Where Ben sees room for improvement in the mining sector\\xa0
  • The lack of standardization in reporting and valuation around mining firms\\xa0
  • The flaws in Digiconomist\'s estimates of Bitcoin\'s energy consumption\\xa0
  • Issues with academic claims that Bitcoin miners produce significant quantities of e-waste
  • Why Bitcoin ASICs are more recyclable and have long lifespans\\xa0
  • The academia and press to policy pipeline\\xa0

Content mentioned:\\xa0

Sponsor notes:

  • Compass Mining\\xa0is the world\'s first and largest online marketplace for bitcoin mining hardware, hosting, and ASIC reselling. Start mining your own bitcoin by visiting\\xa0compassmining.io

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