Leo Zhang is the founder of Annica Research, which is dedicated to studying the emerging phenomenon of hashpower as a new asset class. Leo is also the former Principal at Iterative Capital Management, an investment manager, cryptocurrency miner, and wholesale dealer. In this episode Leo joins JohnPaul Baric to discuss: - The trends that are driving Bitcoin mining's institutionalization - Liquid hashpower and the financialization of the industry - How mining is consolidating and the next iteration of mining efficiencies - The rapid pickup of interest in Ethereum mining
Show Notes:
[1:00] - Why mine vs just buy bitcoin?
[2:00] - Will the big miners gain market dominance or will the industry change?
[4:50] - How is financing impacting the purchasing and value of ASIC miners?
[7:10] - How is the fair market value of an ASIC calculated?
[10:00] - How will tokenized hashrate impact the mining industry?
[14:00] - Why owning your hashrate is so important
[18:00] - Will pools start offering hashrate contracts?
[23:00] - What is the biggest difference between USA mining and China mining?
[25:00] - When and how did you first get into bitcoin mining?
[26:00] - What does your day-to-day look like in the bitcoin industry?
[28:00] - What should large miners focus on to access financing or increase the value of their facilities?
[33:00] - How should miners approach portfolio management?
[35:00] - Are any governments mining bitcoin?
[36:00] - How is the industry consolidating?
[39:00] - Do you believe large tech companies such as Nvidia, Samsung, AMD, or Google will start building ASICs?
[41:00] - How are bitcoin mining chips made?
[43:00] - What does an ASIC look like in ten-years?
[45:00] - What does mining look like only supported by transaction fees?
[46:00] - When will liquid hashrate be available to retail investors?
[48:00] - What is going on with ETH mining?
[50:00] - The biggest trends to watch out for in the future of mining
[52:00] - What does regulation look like for miners?
[53:00] - Decentralized mining pools?
Support & Connect:
• MiningStore - www.miningstore.com
• Aurum Capital Ventures - www.aurumcapitalventures.com
• Twitter - https://twitter.com/jpbaric
• LinkedIn - https://www.linkedin.com/in/johnpaul-baric-6372a764/
• TikTok - https://www.tiktok.com/@jpbaric?lang=en
Connect with Leo:
• Twitter - https://twitter.com/leorzhang?lang=en
• Anicca Research - https://www.aniccaresearch.tech/
General Podcast Information:
Listen on Spotify: https://open.spotify.com/show/7iAxkMfPHcCwEUShz8Igpl
Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-gold/id1539971833
Listen on Amazon Music: https://music.amazon.com/podcasts/8f4d7392-88e7-4526-97ca-f0a1a5dfec83/Digital-Gold
Listen on Google Podcasts: https://www.google.com/podcasts?feed=aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9DcURIN3hxVw%3D%3D