SLP295 John Lee Quigley Why Bitcoin Mining Is Shifting to North America

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

John Links:

Twitter: @bitcoinnomadic
Substack: Adaptive Analysis - Substack

Prior episodes:

SLP158 John Lee Quigley - How Does A Bitcoin Price Crash Impact Bitcoin Miners?
SLP259 Whit Gibbs - Bitcoin Mining For All With Compass Mining
SLP275 Pavel Moravec - Slushpool Signalling For Taproot
SLP162 Matt D'souza - Bitcoin Halving Analysis: Bullish For Competitive Miners

Sponsors:

Swan Bitcoin
Hodl Hodl Lend
Compass Mining
Unchained Capital (code LIVERA)
CypherSafe (code LIVERA)
CoinKite.com (code LIVERA)

Stephan Livera links:

Show notes and website
Follow me on Twitter @stephanlivera
Subscribe to the podcast
Patreon @stephanlivera