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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