Bitcoin Mining Explained | Peter Wall, CEO of Argo Blockchain

Published: April 1, 2021, 11 a.m.

b'Mining is a vital part of the Bitcoin ecosystem but is often mischaracterized and misunderstood by even seasoned crypto investors. Mining expert and Argo Blockchain CEO Peter Wall came on the show to break down all things mining. In this episode, Wall dispels the many myths surrounding the industry, revealing how the process actually works and giving a look behind the scenes. As the first mining expert on the show, this is an extremely illuminating conversation on this often reclusive sector.\\n\\xa0\\nIn this episode, Melker and Wall discuss a range of topics including:\\n\\xa0\\n\\nMining myths\\n\\nRenewable vs non-renewable mining\\n\\nA shortage of Bitcoin mining rigs\\n\\nMining all the Bitcoin\\n\\nMiner capitulation\\n\\nA good crypto citizen\\n\\nAdjusting for difficulty and halvings\\n\\nManaging massive facilities\\n\\nHydroelectric mining\\n\\nA premium on virgin Bitcoin\\n\\nThe forgotten metric of mining\\n\\n----\\nNEXO\\nTry Nexo\\u2019s full-suite, instant crypto banking service, featuring:\\n\\nSavings accounts with up to 12% interest on crypto, stablecoins & fiat\\n\\nFlexible crypto-backed credit lines at just 5.9% APR\\n\\nAn exchange with 75+ crypto and fiat pairs and best-price guarantee\\n\\nAll this and more wrapped up in a single Nexo Wallet.\\nStart banking at\\xa0nexo.io\\nOr download the app on\\xa0Google Play\\xa0or the\\xa0App Store.\\xa0\\xa0\\n----\\nLegacy of Dead\\n\\xa0This episode was brought to you by Bitcasino. The worlds leading Bitcoin-led online casino and crypto-centric gaming destination. Wager your way into a world of opportunity, with the ultimate Fun, Fast and Fair crypto-casino experience.\\xa0\\nDeposit, wager, and withdraw in real-time with a host of top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), LiteCoin (LTC), Tether (USDT), TRON (TRX), Ripple (XRP), and more!\\xa0\\nUse the promo link Bitcasino.io/Scott, to unlock your 200 FREE SPINS in the Legacy of Dead Promotion.\\n----\\nMAKERSPLACE\\nMakersPlace is the go-to premium marketplace for purchasing rare digital artworks from the world\\u2019s top creators (Ie. Jos\\xe9 Delbo, Trevor Jones, Pak, SSX3LAU, Shu Lea Cheang). New artworks are dropped twice a week, where they typically sell out within seconds of release and have been reselling several months later, upwards of 10x. Subscribe for exclusive drop notifications at https://makersplace.com/thewolf\\n----\\nJoin the Wolf Den newsletter:\\n\\n\\u25ba\\u25bahttps://www.getrevue.co/profile/TheWolfDen/members\\n----\\nIf you enjoyed this conversation, share it with your colleagues & friends, rate, review, and subscribe. This podcast is presented by Blockworks. For exclusive content and events that provide insights into the crypto and blockchain space, visit them at: https://www.blockworks.co'