Ep. 8 Bitcoin Mining Software Deep Dive

04/12/23 • 60 min

On today's show, my guest is Matt Lousteau. Matt is the Business Development Manager at Luxor, they are a software company focused on the bitcoin mining space. They are building a full-stack suite of bitcoin mining software and financial services products. They offer everything from a mining pool, to ASIC trading desk, to their brand new 3rd party ASIC firmware.

Truth be told, this is a change of pace for the Hashrate Happy Hour, where normally I am focused on the energy component to bitcoin mining and how those two worlds are colliding, but on todays show Matt and I go down the bitcoin mining software rabbit hole. We talk about Matt’s overlapping experience in the oil & gas industry and how it lead him to bitcoin mining, the full suite of products that Luxor offers its customers and how their customers are utilizing the software for things like curtailment, how their new firmware, LuxOS, is revolutionizing the way miners will be able to manage their fleets and how it can be leveraged as a better way to manage op-ex budgets, and we ended the conversation with what in the world are Ordinals and why miners should be excited about them. I really enjoyed the conversation discussing the software side of bitcoin mining and how miners can better leverage these tools.

Today’s podcast is brought to you by our sponsor, the Texas Blockchain Council; a bitcoin-first nonprofit industry organization working to make Texas the jurisdiction of choice for bitcoin mining and blockchain innovation. They will be hosting North America’s premiere policy conference for the bitcoin and digital asset ecosystem on November 15-17 in Fort Worth Texas. For more information, please visit their website at texasblockchaincouncil.org

Support for today's show comes from SunnySide Digital, the leading wholesale distributor of data center and digital mining hardware and infrastructure.. Contact their sales team today at ⁠[email protected]⁠.

bitcoin, cryptocurrency, mining, energy consumption, renewable energy, sustainability, power grid, blockchain, technology, innovation, business, finance, investment, climate change, environment, energy efficiency, electricity production, utility companies, power companies, energy industry

Previous Episode

Ep. 7 Bitcoin Mining in the Midwest

Before I get into the podcast details I do need to make a quick discloser: that I personally use Simple Mining for hosting some of my bitcoin mining servers and in the episode we talk about the hosting services that Simple Mining offers. I only ever recommend services or products that I personally use and I would highly recommend Simple Mining for your bitcoin mining hosting needs. This is not a paid advertisement, but please understand that there is a bias towards them due to my existing relationship.

On today's show, my guest is Adam Haynes. Adam is the CEO and Founder of Simple Mining, they are a white glove bitcoin mining hosting company that offers a wide range of services from server procurement, to hosting, to repairs. Adam is a serial entrepreneur who brings a wealth of knowledge of IT and running a business and our conversation today is wide ranging.

On today’s show, Adam and I will talk through how Adam got his start in bitcoin mining by operating GPU miners in the back of one of his cell phone repair facilities and from there scaled it up into a 10+ MW hosting facility, how Simple Mining has partnered with a local municipal power company for their first location and how they established that site on the power plant itself, we have some discussion on how the traditional data center space is paving the way for an attractive environment for bitcoin mining in the Midwest, and how there is a surprising amount of demand from both retail and institutional customers for bitcoin mining hosting services. I always enjoy my conversations with Adam and I am excited to share this conversation with you all, and so with that, I hope that you enjoy todays show with Adam Haynes.

Support for today's show also comes from SunnySide Digital. Your one-stop-shop for all of your bitcoin mining infrastructure needs. Contact their sales team today at [email protected].

Next Episode

Ep. 9 Energy Strategies for Bitcoin Mining

On today's show, my guest is Nathan Sprague. Nathan is the COO at Outlaw Mining, a company that specializes in sourcing and developing access to dirt-cheap power supply, at scale, designed to power high-power computing applications. They work to bring a turnkey solution to individuals and companies wanting to build a bitcoin mining site by pinpointing access to cheap power, developing the land, and getting the site container ready for a mining operation. Nathan brings over a decade of experience and knowledge of utility companies, energy markets & trading, as well as years of executive level experience at bitcoin mining companies.

On todays show, Nathan and I talk through how Outlaw Mining creates these turnkey sites for bitcoin mining by working directly with power generators, where most of these opportunities for bitcoin miners are in the US and the nuances of the different grid systems, which power generators are typically the most advantageous for bitcoin mining facilities and why they stand to gain the most from having a co-located bitcoin mining facility on site, and finally we wrap up by discussing how bitcoin mining benefits utility companies because of their high load factor. This conversation was incredible and I’ve already re-listened to it twice now just to soak up all of the information that Nathan shares. If you want to hear more about how and why bitcoin mining is the perfect tool for increasing more renewable energy then buckle up for a great conversation.