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Home > The Bitcoin Standard Podcast > 70. The Future of Bitcoin Mining with Ben Gagnon


	Podcast:		The Bitcoin Standard Podcast
	Episode:		70. The Future of Bitcoin Mining with Ben Gagnon
	Category:		Business
	Duration:		01:36:09
	Publish Date:		2021-07-13 10:04:00
	Description:		In this episode Saifedean talks to Ben Gagnon, Chief Mining Officer at Bifarms, a Canadian bitcoin mining company that accounts for 1-2% of global hash power. Ben tells the story of how he became involved in bitcoin after missing an opportunity to buy 100 bitcoin for $70 in 2010. He and Saifedean discuss when it makes sense for people and companies to mine bitcoin, whether it’s a good idea to invest in bitcoin mining companies, and how events such as China’s recent mining clampdown will affect the future of the industry. Links referenced: Bitfarms Website The Blocksize War by Jonathan Bier Bitvo interview with Ben discussion bitcoin mining The following links relate to Ben’s comments about bitcoin regulation in China leading to a pump in Ethereum’s price during early 2017: Jan 6, 2017 – PBOC issues warning and asks for bitcoin withdrawals to stop Feb 9, 2017 – Bitcoin exchanges stop allowing bitcoin and Litecoin withdrawals Feb 16, 2017 – The 3 biggest exchanges all stop bitcoin withdrawals Historical price here (Ethereum had remained flat, trading around $10 for almost a year, within days it started trending up and hit an ATH just a few weeks later, rocketing to over $400.) Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here. THE BITCOIN STANDARD TOOLKIT/SPONSORS NYDIG - https://nydig.com Cyphersafe - https://cyphersafe.io/ OKCoin - https://okcoin.com/ Nodl - https://www.nodl.it/ Coldcard - https://coldcardwallet.com/ CoinBits App - https://coinbitsapp.com/
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