CoinGecko Meetup #2 - Thoughts on the Upcoming Bitcoin Halvening

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Manage episode 262243735 series 2595584
By Bobby Ong & TM Lee, Bobby Ong, and TM Lee. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In this episode, Bobby Ong, co-founder of CoinGecko is joined by Alejandro De La Torre, Vice President of Poolin, Edward Evenson, Director of Business Development at SlushPool, and Koji Higashi, Founder of Koinup for CoinGecko's Second Virtual Meetup that took place on 8th of May 2020. Bobby interviewed Alejandro, Edward and Koji about the third bitcoin halving that happened on the 11 May 2020.

[00:00:02] Intro
[00:01:20] Introduction of the guests
[00:04:45] Thoughts on Bitcoin halving
[00:07:39] The most efficient mining equipments
[00:11:26] Thoughts on Binance Pool
[00:15:23] Why does China have such a strong dominance in the Bitcoin mining industry?
[00:19:45] What will happen after the halving?
[00:25:03] The average cost of mining a Bitcoin
[00:28:09] Differences between Lightning and Liquid Network
[00:34:36] Tokenization on top of Bitcoin

Quotes from the Episode

“For those who don't know, the Antminer S9 is the most successful mining ASIC out there. You can kind of think of it like the AK 47 of mining machines. It doesn't quit. It's pretty resilient.” [00:06:30]

“Some people disagree with the term 'inflation' because technically, Bitcoin already exists. It's just kind of like being released.” [00:07:00]

“I'm gonna say many mining pools are affected because the manufacturers are all based in China and there's a lot of miners and mining farms in China. So what's been happening is that these machines are too costly to stand out because the whole logistic prices skyrocketed because of Corona.” [00:18:22]

34 episodes