This is an episode of Compass Live hosted by Compass Mining. In this livestream, Compass chats about the obstacles and timeline for Bitcoin’s hashrate to make a full recovery from its significant decline after China announced a ban on mining earlier in 2021.
Two miners who build small-to-medium sized farms and have a finger on the pulse of the market’s current growth rate are guests on the stream. They share insights into where they’re looking to deploy new ASICs, what obstacles and delays are facing new mining farms, and when Bitcoin’s hashrate will fully recover. Follow them on Twitter.
️ Bob Burnett: https://twitter.com/boomer_btc
️ Austin Storms: https://twitter.com/austorms
Follow our hosts on Twitter too!
️ Zack Voell: https://twitter.com/zackvoell
️ Will Foxley: https://twitter.com/wsfoxley
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0:37 – Introductions
9:16 – Recovery to 120 EH
16:51 – Chinese miners relocation process
22:22 – Bob’s research on hashrate recovery
32:15 – Types of hashrate are coming online
36:54 – Mining farm pain points and delays
46:08 – Where GAM and Barefoot are looking to build farms
58:12 – The relationship between hashrate and price
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