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    Oil, gas and mining

    Mining Decrypted: Starring HUT8 CEO Jaime Leverton



    #HUT8 #Bitcoin #BitcoinMining #EthereumMining #Macro #JamieLeverton #SueEnnis
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    DISCLAIMER: The information contained in this video is for informational and educational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
    0:00 Introduction
    1:16 NY Mining Fire
    1:50 ESG in the news yesterday – What’s the best answer to the climate activists that say Bitcoin mining is irresponsible? Also, what practical steps can we take to help secure the network?
    6:30 Do u believe in Dirty Bitcoin? akin to blood diamonds? Kevin O’Reilly
    8:13 Million Dollar Question – does Bitcoin price follow hash rate or hash rate follow Bitcoin Price?
    9:55 What is Electricity BEP – 3c 5c 6c etc
    11:00 At what point does BTC mining become unprofitable for them? I think today it is around 18K. How do you see the future and plan for it?
    12:25 Would you ever re-hypothecate your Bitcoin?
    15:00 How will the next halving impact the direction of the business and profitability?
    17:02 Arms race for ASICS rigs – Intel etc
    19:30 your capital efficiency is one of the best – why is that?
    20:00 How long do your rigs last?
    21:10 What happens to the miners after all the BTC has been mined? When will protocol change to make earning fees more lucrative after the next few halvings? tipping point?
    22:40 HUT8 HODL STRATEGY
    24:50 Best proxy Why should I invest in HUT8 rather than MicroStrategy?
    27:00 Approx 15% of HUT8 revenue is ETH mining. How will revenue and holdings be affected by ETH PoS merge?
    29:25 What particular skill-set do you need to land a Mining job and where should I start?
    32:30 What are your thoughts on Vertical Integration. i.e. energies companies are going into mining and vice versa. How do u complete w the likes of Exxon?
    34:15 What credence do you give to the rumors of China reactivating their mining and controlling 20% of the hash rate again?
    35:20 Energy tied to Bitcoin – scarce resources using BTC as underlying currency
    37:05 Nouriel Roubini American economist and Bitcoiners
    38:00 re auto bidder – Do you see hash power daily cycles caused by electricity spot market? Are utilities requiring/incentivizing miners to “turn off” at peak electrical demand?
    39:30 How will you make debt obligations, while expanding/renewing miners, while at the same time HODL’ing BTC? What is that plan?
    40:22 YE Price Prediction? 2030 Price prediction

    View 47 Comments

    47 Comments

    1. Tommy V on

      Great guests today, James! A side of the industry we don’t often get insight into. Keep up the great work & thanks!

    2. Rob Zorbavelli on

      This is a great interview. There is an ASICS arms race and that I feel could be BTCs downfall in the end when it comes to decentralization. It becomes nearly impossible for anyone to participate in the network. Other pow chains like monero for example are easy to mine for anyone with a normal gaming pc. It was built this way on purpose along with privacy which makes it truly fungible currency. And it is infinite in supply for a reason, what happens when the last bitcoin is mined? Is btc private?

    13. J T on

      Wow this was 43 mins of incredible insight into the miners perceptive! Also great to see their appreciation for your models James!

    14. Chase on

      Very interesting show today. There's some things we can do to minimize wasted power, but the people pushing the ESG only care about the money grift and the chance of an overwhelming power over other companies. Those same ppl won't do anything in their lives for climate. If they can go after tesla for ESG because he upset some ppl just shows you what a crock of shit they have going on. The sad thing is not enough are going to come together and say absolutely not. We should not be Giving them even more power it's frustrating. They just do all this globalization when that's not what they're being elected to do. When the 1 guest said it's on these activist to do their research. Them do research ha lmao. And Mr wonderful is one of the clowns that wants in that esg power circle they're all hypocrites. Them using carbon credits when it was just proven they weren't working and they were over estimating the affect it was having by 80%. But those are facts we can't let them get in the way of esg OH NO

    15. Sizzle Burizzle on

      Cool to hear about crypto from the perspective of the miners. ALSO, cool to have input from crypto women. Crypto is far too male oriented. Need to balance the ying with the yang.

    16. Larry sularie on

      I'm invested in strictly miners……great vid with interviews. I like hear more about the miners….after all they go hand in hand with BTC.

    19. mark on

      This was fascinating. Two very impressive leaders. I would be proud as punch if one of my two daughters turn into either of these 2 sharp individuals.

      I’m also happy to own HUT 8 and will be buying some calls over the next few months

      With that said I’d also be happy if my lad turned out to be like james.. 🙂

      Thank you to all 3 of you. I appreciate your time

    20. D W on

      Thanks James. After so much research into miners I have gone in hard. These now all look oversold and when the fed pivots these, like bitcoin, are sure to draw in large sums of investments.

    23. Dragon Ryder on

      Thank you very much James – I really love your varied shows on the different aspects of crypto. This channel may be about math, money, and freedom, but foremost it is about very, very high quality education, which In this space is so important ❤️

    26. NP Z on

      Hi James. Long time viewer! I've been going through your older options videos. They're great! I love all the crypto and news you do, but I'd personally love to see some more options videos too. Especially selling options, doing the wheel strategy, etc. and your thoughts and tips. I'm looking to start the wheel on MSTR given how much it's been beaten down and signs of a bottom or at least relief rally in sight. Hope you see my comment! 👍

    28. SOLbull on

      Eh, sorry I missed her name. But the person in the middle just seemed super annoyed with James. Seemed like fair questioning and great guests.

    29. jimbob kitty on

      grid management is happening in texas right now, since texas has deregulated wholesale market for electricity, one big reason so much hash power is going to texas, spot price can fluctuate from very high price to very negative price driven by wind and the amistad dam, you can get payed to burn electricity on off peak hours when the wind is blowing

    32. Jeff Krueger on

      My wife and I LOVED this interview today for so many reasons! As Canucks trapped in america atm for a work contract, it feels AMAZING to see this canadian company do so well and of course, do it with such ethos and integrity in this space. LOVE the gender and IQ-representation of Hut8; so in-the-face of what america is totally not. Real strong reminder of why we own shares and why we keep adding to our Hut8 bag each week:) and to pre-empt the inevitable maga-hatter trolls to my comments: It's truly sad that you are so brainwashed to thinking amurca is so great when you've never once actually lived and worked elsewhere to see how truly pathetic and terrible your country really is and what it COULD be if you would only get out of your own way (and a us military base / bubble certainly does NOT count). Kudos to IA and to Hut8! PS, wife and I were shocked at the volume of catcalls and sexist banter towards Sue from this community throughout the interview… just proves the points above.

    41. Hunter Hemingway on

      Great interview, truly. But the self awareness of the woman in the middle to not offer the other space to speak is truly aggravating & just awkward. Yes, in the future, James, you can direct the question back & forth as DCA videos do but this is just on another level, always surprises me how much people don’t see themselves.

    43. 1HundredP on

      Very interesting and insightful! I appreciate you asking the 'how to break into the industry' questions, as I (and certainly many others) are very much interested in doing so. Thanks for another superb interview James 🙂

    44. Water Air Industry on

      Very interesting to see the industry from this perspective, maybe even more than we can appreciate. It's so foundational, how can this NOT be a part of the BTC mandatory curriculum? It adds huge depth to "knowing your shit."

    45. Deborah crypto on

      Heard of LZN 🤔? Luzion Protocol can be found from pancakeswap, runs on a fully automated auto rebase constantly till max supply is achieve after 13 years plus.

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