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Content provided by Unchained Capital, Inc and Unchained Capital. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Unchained Capital, Inc and Unchained Capital or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
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Could open-source mining further decentralize bitcoin? with Skot instigator of Bitaxe
Manage episode 463592288 series 3516333
Content provided by Unchained Capital, Inc and Unchained Capital. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Unchained Capital, Inc and Unchained Capital or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
In this episode, we sit down with Skot, electrical engineer and creator of Bitaxe, the first open-source ASIC bitcoin miner. Skot shares his journey from IoT hardware development to designing hardware for bitcoin mining, including his early experiments with FPGAs in a university lab. We discuss the significance of open-source mining for bitcoin’s future, the challenges of hardware and firmware development, and how Bitaxe compares to industry giants like Bitmain. Skot explains the potential for decentralized mining, the risks of centralization in mining hardware and pools, and why making mining accessible and transparent is critical. We also touch on the concept of incorporating miners into household devices and the role of small-scale miners in bitcoin’s long-term resilience.
SUPPORT THE PODCAST:
→ Subscribe
→ Leave a review
→ Share the show with your friends and family
→ Send us an email [email protected]
→ Learn more about Unchained: https://unchained.com/?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description
→ Book a free call with a bitcoin expert: https://unchained.com/consultation?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description
→ Buy bitcoin in an IRA—sign up today and get your first year free: unchained.com/frontier
TIMESTAMPS:
00:00 - Intro
01:16 - Meet Skot, the mind behind Bitaxe
02:34 - From IoT projects to bitcoin mining innovation
05:20 - Skot’s bitcoin origin story and the PayPal saga
09:35 - Mining bitcoin with university lab FPGAs
12:11 - Why Skot started the first open-source ASIC miner
14:55 - The challenges of open-source bitcoin mining hardware
19:59 - Bitaxe vs. Bitmain: efficiency showdown
21:25 - Who’s building Bitaxes and why?
25:01 - The importance of open-source mining for bitcoin’s future
28:26 - Can Bitaxe become a significant part of bitcoin’s hash rate?
33:39 - The dream of decentralized mining in household devices
41:02 - The future of bitcoin mining: big grids vs. home miners
47:06 - Skot’s take on mining centralization risks
53:37 - How open-source mining could save bitcoin
WHERE TO FOLLOW US:
→ Unchained Twitter: https://twitter.com/unchainedcom
→ Unchained LinkedIn: https://www.linkedin.com/company/unchainedcom
→ Unchained Newsletter: https://unchained.com/newsletter
→ Joe Burnett (Host) on Twitter: https://twitter.com/IIICapital
→ Jose Burgos (Director of Media Production) on Twitter: https://x.com/DeFBeD
→ Skot on Twitter: https://x.com/skot9000
87 episodes
Share
Manage episode 463592288 series 3516333
Content provided by Unchained Capital, Inc and Unchained Capital. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Unchained Capital, Inc and Unchained Capital or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
In this episode, we sit down with Skot, electrical engineer and creator of Bitaxe, the first open-source ASIC bitcoin miner. Skot shares his journey from IoT hardware development to designing hardware for bitcoin mining, including his early experiments with FPGAs in a university lab. We discuss the significance of open-source mining for bitcoin’s future, the challenges of hardware and firmware development, and how Bitaxe compares to industry giants like Bitmain. Skot explains the potential for decentralized mining, the risks of centralization in mining hardware and pools, and why making mining accessible and transparent is critical. We also touch on the concept of incorporating miners into household devices and the role of small-scale miners in bitcoin’s long-term resilience.
SUPPORT THE PODCAST:
→ Subscribe
→ Leave a review
→ Share the show with your friends and family
→ Send us an email [email protected]
→ Learn more about Unchained: https://unchained.com/?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description
→ Book a free call with a bitcoin expert: https://unchained.com/consultation?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description
→ Buy bitcoin in an IRA—sign up today and get your first year free: unchained.com/frontier
TIMESTAMPS:
00:00 - Intro
01:16 - Meet Skot, the mind behind Bitaxe
02:34 - From IoT projects to bitcoin mining innovation
05:20 - Skot’s bitcoin origin story and the PayPal saga
09:35 - Mining bitcoin with university lab FPGAs
12:11 - Why Skot started the first open-source ASIC miner
14:55 - The challenges of open-source bitcoin mining hardware
19:59 - Bitaxe vs. Bitmain: efficiency showdown
21:25 - Who’s building Bitaxes and why?
25:01 - The importance of open-source mining for bitcoin’s future
28:26 - Can Bitaxe become a significant part of bitcoin’s hash rate?
33:39 - The dream of decentralized mining in household devices
41:02 - The future of bitcoin mining: big grids vs. home miners
47:06 - Skot’s take on mining centralization risks
53:37 - How open-source mining could save bitcoin
WHERE TO FOLLOW US:
→ Unchained Twitter: https://twitter.com/unchainedcom
→ Unchained LinkedIn: https://www.linkedin.com/company/unchainedcom
→ Unchained Newsletter: https://unchained.com/newsletter
→ Joe Burnett (Host) on Twitter: https://twitter.com/IIICapital
→ Jose Burgos (Director of Media Production) on Twitter: https://x.com/DeFBeD
→ Skot on Twitter: https://x.com/skot9000
87 episodes
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Similar to The Bitcoin Frontier
The power of Data is undeniable. And unharnessed - it’s nothing but chaos. Making data your ally. Using it to lead with confidence and clarity. Host Jess Carter is solving problems in real-time to reveal what’s possible. Helping communities and people thrive. This is Data Driven Leadership, a show brought to you by Resultant.
…
continue reading
Africa-focused technology, digital and innovation ecosystem insight and commentary.
…
continue reading
The American healthcare system is one of the most innovative in the world. But it’s also riddled with complex challenges, such as access to affordable medications, inefficiency and administrative burdens, and communication barriers between providers. There’s clearly a better way—and at Surescripts, we have a unique sightline into what that may be. In this series, host Melanie Marcus, Chief Marketing Officer of Surescripts, sits down with today’s most inspiring and innovative leaders in healt ...
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