How To Win The Bitcoin Lottery | BitAxe Creator Skot

In this episode, Bitaxe founder Skot joins the show to discuss the new wave of affordable Bitaxe miners, the permissionless nature of Bitcoin mining, and why proof-of-work is the ideal consensus mechanism. We also delve into the odds of mining a block, centralization in Bitcoin mining, and more. Enjoy!
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Timestamps:
00:00 Introduction to Supply Shock
02:59 Understanding Bitaxe and Its Impact
06:05 The Open Source Movement in Bitcoin Mining
10:52 Ads (Core, Ledger, Ledn)
12:25 The Open Source Movement in Bitcoin Mining (Con't)
13:16 Building and Buying Bitaxe Miners
20:19 The Future of Decentralized Bitcoin Mining
22:43 The Economics Proof-of-Work
25:28 Ads (Core, Ledger, Ledn)
27:33 The Economics Proof-of-Work (Con't)
31:44 Levels of Success for Bitaxe
34:51 Government Involvement in Bitcoin Mining
36:53 Challenges in Bitcoin Mining Pools
44:59 The Centralization of Chip Manufacturing
48:55 Identifying Bitcoin Miners on the Blockchain
56:28 The Future of Bitcoin Mining

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Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.