The Last Trade E044: Bitcoin Mining’s Next Epoch with Bob Burnett
The Last Trade 3/29/24
The Last Trade: a weekly, bitcoin native, interactive podcast covering where Bitcoin and traditional finance meet on a macro scale. Hosted by Marty Bent, Jesse Myers (Croesus), Michael Tanguma, and a special weekly guest host.
Join us as we dive into what Bitcoin means for how individuals & institutions save, invest, and propagate their purchasing power through time. It’s not just another asset – in the digital age, it’s the Last Trade that investors will ever need to make.
0:00 – Introduction to Bob Burnett
5:45 – Challenges facing public BTC miners
15:06 – Advantages of small-scale mining
27:20 – Efficiencies of multiple-use miners
31:40 – Lessons from the tech boom of the 90s
37:43 – Cyclical risks & mismanagement in mining
42:40 – The miner stack & vertical integration
46:35 – The scarcity & value of block space
51:40 – A message from Onramp
51:56 – Decentralization of block template creation
56:15 – The future of miner revenue & variance
1:02:20 – Mining pool transparency & participation
1:08:48 – The evolution of the fee market
1:15:15 – Block space demand & urgency of demand
1:22:30 – Base layer capacity & scalability
1:30:30 – Future fee market growth
1:35:05 – Bob’s journey to bitcoin mining
1:47:19 – The importance of innovation
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