Bitcoin Miners, Is The Worst Over? | Will Clemente

Disclaimer: This episode was recorded before the craziest day in crypto, aka Binance's announced acquisition of FTX. In this week's episode of 0xResearch, we bring on Will Clemente to discuss the state of Bitcoin mining. Some of the most prolific miners are facing default, and consolidation is on the horizon. How did miners get into this position? What happens next, and will this impact the BTC and broader crypto market? Tune in to find out! - - Timestamps (00:00) Pre-Interview: Alameda Drama, Cool Thrones & Art Gobblers (18:09) Art Gobbler Insights by Flipside (26:40) Chainalysis Ad (27:12) SBF & Binance Drama (30:11) The State of Bitcoin Mining (46:14) How Big Is The Potential Fall Out? (51:58) Chainalysis Ad (52:40) ASICs & Mining Rigs, Time To Buy? (56:44) Bitcoin’s Declining Subsidy & The Lightning Network (01:01:41) Is Hash Rate A Trading Signal? (01:03:26) Bitcoin As The On-Chain Reserve Asset (01:04:35) Will’s Investing Framework (01:10:09) Will ETH Flip BTC? (01:14:15) Post-Interview Recap - - Follow Will: https://twitter.com/WClementeIII Follow Sam: https://twitter.com/swmartin19 Follow Dan: https://twitter.com/smyyguy Follow Blockworks Research: https://twitter.com/blockworksres Subscribe on YouTube: https://bit.ly/3foDS38 Subscribe on Apple: https://apple.co/3SNhUEt Subscribe on Spotify: https://spoti.fi/3NlP1hA Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Resources Eric Voorhees & SBF podcast episode https://spoti.fi/3t8lD5l knower's Twitter account https://twitter.com/knowerofmarkets Reflexivity Research https://www.reflexivityresearch.com/ Ultra Sound Money https://ultrasound.money/ Blockworks Research https://www.blockworksresearch.com/ Blockworks Research https://www.blockworksresearch.com/ Blockworks Research Newsletter https://blockworks.co/newsletter/daily-debrief-by-blockworks-research/ -- Chainalysis is the leading blockchain analytics company. Web3 companies like Dapper, Gemini, and Crypto.com manage risk, drive investigations, and inform growth strategies with Chainalysis. Together, we build trust in blockchains, grow safe consumer access to cryptocurrency, and promote more financial freedom with less risk. Visit Chainalysis.com/blockworks to learn more now. -- Flipside has the most comprehensive data in web3 to get you the insights you need to work smarter. Instantly query the data yourself (for free!) or browse dashboards by elite analysts to find hidden alpha and get the edge you need to win. Earn up to $75 USDC by completing 0xResearch's exclusive bounty for analysts on Flipside: https://flipsidecrypto.xyz/drops/0xresearch-bounty-defi-users-7f5442 - - Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.