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Bitcoin Hashrate’s Road to Recovery



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

Compass hosts livestreams every week on WEDNESDAY and FRIDAY with the leading experts in cryptocurrency mining. Don’t miss them! Subscribe: https://www.youtube.com/c/CompassMini…

You can LISTEN to audio versions of all livestreams on Apple Podcasts (https://apple.co/3fNfrdi), Spotify (https://spoti.fi/3tSf9G1), Anchor (https://bit.ly/3rmb7UF), RSS (https://bit.ly/3chpULV) or anywhere else you get your podcasts!

Thanks for watching!

TIMESTAMPS:

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

——————————————–

Learn more about cryptocurrency mining!

Every week, Compass sends a memo to over 10,000 professional miners and investors with the most important news and data in cryptocurrency mining. ️ Get the free newsletter in your inbox too: https://bit.ly/3vOGzxD

Mine your own bitcoins with Compass. Start here: https://bit.ly/3CehBf1

⭐️ Follow Compass socials:
Twitter: https://twitter.com/compass_mining
LinkedIn: https://www.linkedin.com/company/comp…

Happy hashing! 🤝

#Bitcoin #BitcoinMining

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1 COMMENT

  1. Experts says Bitcoin will recover to it all time high very soon and we all can see that has been happening for some days now. Let me say this also, please be careful of investment platforms promising you a good return on your investment. Some scammers are already luring people to participate in a Binance fake promo, lets be careful out there. If you are already a victim of crypto scam then pay attention to this.

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