On The Brink with Castle Island

Anders Larson, head of strategic finance at U.S. Bitcoin Corp, joins us to talk about how miners make decisions and allocate capital. In this episode:  The Wharton class of 2018 Are Bitcoin miners clogging up the chip supply chain? Why Bitcoin miners are 'tier 2' customers at foundries The scale of US BTC operations in terms of hashrate Why US BTC has been so quiet historically How US BTC targets renewable energy Which renewables are easiest to find Is there any truth to the story of Bitcoin improving the economics of renewables? Why ASIC depreciation is slowing, and how that affects the viability of different energy sources The relationship between Bitcoin's carbon intensity and ASIC depreciation period Can ASICs last for 5 years? How does US BTC think about uptime on their units? Why lower uptime means that you have cheaper power due to demand response How US BTC thinks about hashrate growth and why they are more conservative than their competitors Why Chinese hashrate is not completely eliminated The stat