Bitcoin Mining and Communications with Nishant Sharma - Bitcoin in Asia 27

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sirak22
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Our guest this week is Nishant Sharma, a long time bitcoin mining industry insider in China who is now ta Founder and Partner of BlocksBridge Consulting, a communications strategy and advisory firm focused on the Bitcoin mining sector and serving some of its largest companies. Nishant has been in the mining space since 2014, including 4 years at Bitmain in Beijing. We discuss his time at Bitmain, seeing it grow from a two digit employee company to a dominant player in the industry, trends in the mining space outside of China, state of mainstream and industry media coverage and more.

3:30 - ASICS early days, US based HashCash first ASICS, failed, many ASIC manufacturers failed, speed of next gen iterations needed.

5:30 - In 2014 Bitmain is becoming more competitive, 100 employees, insiders knew they were on the rise.

9:00 - Bitmain the most influential company in Bitcoin, unique set of responsibilities as head of communications.

12:16 - Dealing with radically transparent community, open source culture not there in China, challenges for bitmain adapting with communications

14:00 - Founding BlocksBridge Consulting, filling a need of competence + experience in Bitcoin mining communications

19:11 - 21:32 - Bull market for bitcoin mining, order of magnitude growth, geographic shift. “Mining benefited from the bear market in that way, we saw more institutional capital being pumped in from the West, got more industrialized..”

22:30 - 24:23 - Hardware competitive landscape, why it is hard for new competition to emerge

24:44 - 26:16 - MicroBT vs Bitmain MictoBT’s business has certainly benefited..most people despite the headaches...infrastructure adapted to bitmain

27:03 - 29:05 - The difficulties for Chinese miners are overblown; mining in China hasn’t changed. However, the scenario in the US has drastically changed in the last two years.

29:05 - Foundry and MicroBT

31:00 - Russia underrated for mining, lower caped than us, better supply chain with China

36:00 - Mining pool space, shifts in the competitive landscape over time

39:00 - Mining pool services outside of pool coordination tech become more important
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Bitcoin Mining
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