Bitcoin Mining 101 with Harry Sudock


Manage episode 302874858 series 2087545
By Peter McCormack. 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.

“What Bitcoin does is it demonetises the political class and empowers the productive class... that’s what better money does for people is it takes the people who are just rent-seeking in our political structure, and it says to them, ‘I’m sorry, but you don’t belong here because you don’t produce anything or create any net economic positive’.”
— Harry Sudock

Location: New York
Date: Sunday 19th September
Company: Griid Infrastructure
Role: VP of Strategy

Bitcoin mining requires energy expenditure as a fundamental pillar of the proof-of-work consensus mechanism. While bitcoin is considered energy-intensive by some, it is often misreported in the media, overlooking its importance and the positive benefits for humanity of having sound money.

Similarly, while some criticise bitcoin mining as wasteful, there is ignorance regarding how mining companies are improving communities, the efficiency of the energy grid, and even the impact of energy use itself.

So how is bitcoin mining a driving force for beneficial change?

In this interview, I talk to Harry Sudock, Vice President of Strategy at Griid. We discuss how bitcoin mining works, mining as a force for good globally, and demonetising the political class.

This episode’s sponsors:
Gemini - Buy Bitcoin instantly
BlockFi - The future of Bitcoin financial services - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger - State of the art Bitcoin hardware wallet
Compass Mining - Bitcoin mining & hosting


WBD400 - Show Notes

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