Blocktime

Texas is positioned at the forefront of the Bitcoin mining landscape, exemplifying the convergence of energy and digital currency innovation. This episode delves into the critical role that natural gas, renewable energy, and forward-thinking regulatory frameworks play in powering both Bitcoin mining operations and the region's electricity infrastructure.• Texas claims approximately 15% of the global Bitcoin mining hash rate • Natural gas availability leads to lower energy costs beneficial for mining • Significant investments in wind and solar power enhance energy stability • The decline of coal in favor of renewable resources improves environmental impact • Batteries serve as essential energy storage solutions for grid stability • Bitcoin miners provide flexibility to meet high energy demands • The energy-only market fosters competitive pricing in electricity supply • Bitcoin serves as a hedge against inflation and a viable monetary system • Riot Platforms positions itself for sustainable growth in the Texas landscapeFollow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

What if Bitcoin mining could be the key to a more stable energy grid? Join us as we dissect demand flexibility in Texas's energy landscape, building on insights from Texas A&M's Professor Leishi. Discover how energy efficiency improvements—like attic insulation and home electrification—might slice peak electricity demand by over 10 gigawatts. We also explore the future of heating, weighing the pros and cons of electric heat pumps over traditional gas furnaces. Is your fixed-rate electricity plan making you less responsive to price changes? Tune in to find out how smart thermostats and real-time electricity pricing play crucial roles.As Bitcoin mining begins to consume more than 10% of Texas's electricity, the question arises: can this digital gold rush actually help balance the grid? We scrutinize the role of Bitcoin miners in responding to real-time pricing to manage demand spikes and stabilize the grid. Our conversation extends to ERCOT's innovative approaches to maintaining grid reliability with ancillary services and strategic reserves, especially during unexpected events like solar eclipses. We reveal how ERCOT effectively communicates energy alerts to keep the grid humming smoothly.Unearth the mechanics of the Four Coincident Peaks (4CP) demand response program and its impact on transmission costs. Can minimizing consumption during peak times offer tangible financial benefits? We examine the intricacies of grid interconnections, spotlighting Texas's DC ties with other states and the new Southern Spirit DC tie that promises enhanced electricity exports to bolster solar energy distribution. Finally, we decode the complexities of demand response, offering you a clearer understanding of its implications and inviting you to engage with us further through reviews, shares, and questions.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Join us for an exploration of how Bitcoin tackles the age-old issues of trust and distrust within central banking systems, offering a transparent and accountable alternative. Discover the significance of private keys and hardware wallets, emphasizing the personal responsibility integral to this decentralized system. We also examine Bitcoin's steadfast commitment to security and stability in its software development approach, setting it apart from other cryptocurrencies.Learn how metrics like hash price and mining rig efficiency are crucial in evaluating the Bitcoin network's global electricity consumption and economic viability. With a spotlight on Texas's 15% market share in Bitcoin mining, we discuss the potential for growth and the integration of Bitcoin mining with power grids. This episode offers a comprehensive view of Bitcoin's evolving landscape and its pivotal role in reshaping financial systems.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Is Ethereum's decline a sign of trouble ahead, or simply a shift in the crypto landscape? Let's break down the significant trend of Ethereum losing 50% of its value relative to Bitcoin over the past two years. We'll dismiss common theories like cyclical liquidity and Bitcoin ETF absorption, focusing instead on the rise of Solana and its appeal to developers. Our discussion peels back the layers to reveal the deeper issue of uncertainty versus utility in monetary assets, highlighting why Bitcoin stands strong as a savings technology while Ethereum struggles with value accrual.Next, we dissect the uncertainties baked into traditional fiat systems, where central banks like the Federal Reserve maximize economic unpredictability with secretive policies and arbitrary money printing. This system, dependent on trusted third parties like Visa, introduces layers of potential censorship and risk. We contrast this with Bitcoin's transparent and permissionless nature, showing how its finite supply and seizure-resistant qualities offer a more predictable and secure financial alternative.Finally, we tackle the complexities of risk in monetary systems, comparing the US dollar and Bitcoin. Bitcoin's fluctuating purchasing power presents unique challenges, but we explore strategies to navigate these risks, such as syncing a full node or using Lightning Channels. We juxtapose the "uncertainty school of thought," which favors Bitcoin for its systemic stability, against the "utility school of thought" that sees value in Ethereum's functional tokens. This episode underscores Bitcoin's long-term value proposition, grounded in robust monetary economics and forward-looking software engineering, promising resilience and growth for the future.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Get the facts straight on Bitcoin miners' role in Texas's energy grid. We'll address the misconceptions and criticisms head-on, illustrating how Bitcoin mining offers grid flexibility and supports stability. From political insights to technical clarifications, this episode lays out the real story behind Texas Bitcoin mining, correcting misleading narratives and highlighting the significant contributions of this burgeoning industry. Tune in for a comprehensive look at the symbiotic relationship between Bitcoin mining and Texas's electricity market.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

We're back with Episode 42! Can Bitcoin transform national reserves and redefine America's financial future? On this episode of Block Time, we explore Senator Cynthia Lummis' groundbreaking Bitcoin Act of 2024 and its proposal to create a national Bitcoin reserve. Delving into the strategic implications of this legislation, we examine how Bitcoin's resilience and decentralized architecture could play a pivotal role in maintaining U.S. economic competitiveness. From understanding the peer-to-peer nature of Bitcoin to the crucial function of Bitcoin mining, we aim to provide you with a comprehensive look at why this act could be a game-changer. Join us as we confront counter-arguments and highlight the compelling reasons for integrating Bitcoin into national reserves, shaping the future of the U.S. economy.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

We're back for Episode 41! Join your host, Pierre Rochard to unlock the mysteries of Bitcoin custody and regulation with us on the latest Block Time podcast episode. Learn about the stark contrast between traditional banking responsibilities and the decentralized nature of Bitcoin, where you're the captain of your own holdings. And if you're curious about the nitty-gritty of transaction verification and the ethic dilemmas node operators may face, we've got that covered too. Listen now! Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Join us for Episode 40, an exclusive with Pierre Rochard and CEO of Riot, Jason Les at Riot's Halving Party on 4/19 with PubKey.  Don't miss the Q&A from the audience at the end. Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Embark with us on a journey through the cryptographic labyrinth that is Satoshi Nakamoto's seminal Bitcoin white paper, a blueprint that set the stage for the digital currency revolution.Dive headfirst into the mechanics of electronic cash as we untangle the complexities behind Bitcoin's design, which sought to tackle issues far beyond basic transactions. You'll gain a richer understanding of the financial dance between liquid and tangible assets, the intrigue behind money creation by central banks, and the masterstroke of Bitcoin's proof of work to thwart double spending. Our narrative sheds light on the evolution of mining technology and the brilliance of Satoshi's predictions, setting the scene for a future deep dive into his lesser-known writings.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Prepare to take a deep dive into the DNA of digital currency, exploring not just the technical innovations but the philosophical underpinnings that led to the creation of Bitcoin. Our journey takes us from the cryptography mailing list, where Bitcoin first came to life, through the corridors of the cypherpunk movement, to the pivotal moment of the 2008 financial crisis. We also ponder the enigma of Satoshi's identity and the early days of Bitcoin reception and critique, all while examining original code snippets and discussing scaling challenges that continue to shape the cryptocurrency conversation.In a world where digital transactions reign supreme, Pierre breaks down how Bitcoin stands apart through non-reversible transactions and an absence of counterparty risk, challenging the traditional paradigms of physical and digital currencies. We demystify the Federal Reserve's money creation process and articulate Bitcoin's revolutionary approach to the double-spending problem. Listen as we reflect on the evolution of mining technology and suggest updates to the original white paper to align with modern blockchain vernacular. Satoshi's foresight into the network's scalability and security is a testament to his genius, and we speculate on what he might have envisioned for the future of mining hardware.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Tune in for an exploration of Bitcoin's potential to reshape the economic hierarchy, offering a beacon of stability in an era of rampant consumerism and inflation. Our conversation with Pierre brings to light how the core principles of transparency, accountability, and reliability, intrinsic to Bitcoin's DNA, are revolutionizing traditional financial systems.The episode discusses Bitcoin's influence on El Salvador's economy and the strategic investments by visionaries like Michael Saylor. The global trends in Bitcoin accumulation and the mining industry's symbiotic relationship with the energy sector are dissected, setting the stage for Bitcoin's potential to become a ubiquitous unit of account. Join us for a journey that concludes with reflections on Bitcoin's decentralized nature and its enduring value proposition, inviting you to extend the conversation through social media. This episode is a treasure trove for those seeking to grasp the full spectrum of Bitcoin's impact on the future of money.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Join us for Episode 36 with special guest, Dylan LeClair. Our journey begins with Dylan's own departure from conventional economics, leading to his deep dive into the pandemic's silver lining: Bitcoin. As we unpack his analysis of Bitcoin miners and related equities from his vantage point at Bitcoin Magazine, you'll uncover the untold narrative of Bitcoin as an unstoppable force in the financial realm, empowering economies and challenging the status quo of the banking system. The conversation heats up when we tackle the myths surrounding Bitcoin's market behavior, unwrapping how ETFs and short selling sculpt its volatility. Join us for a candid discussion on the evolution of the derivatives market and the resilience of Bitcoin in the face of manipulation—a stark contrast to traditional assets like gold.  Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Unlock the transformative power of Bitcoin's Lightning Network with us on BlockTime as we gear up for the much-anticipated Bitcoin halving. With the market pulsing with renewed vigor, we're bringing you exclusive behind-the-scenes access to Riot Platform's Corsicana Facility. This episode isn't just about the halving; it's about understanding the backbone of Bitcoin's infrastructure and the revolutionary Lightning Network, set to redefine digital finance akin to credit cards.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Prepare to embark on a journey into the heart of Bitcoin's evolution with our esteemed guest, Steve Lee from Spiral. We'll unravel the mysteries of Bitcoin adoption and the limitless potential of the Lightning Network in a way that's not just for the tech-savvy, but for everyone curious about the future of currency. Steve, with his expert insights from Spiral's non-commercial initiatives by Block, spotlights the crucial role of open-source contributions and the creative strategies employed to simplify Bitcoin for the masses.This episode takes you through the proposals that are set to revolutionize the scalability of the Lightning Network. We're talking about game-changers like John Law's Timeout Trees and the intricacies of consensus changes with technologies like CTV. Not only will we dissect these advancements, but we'll also celebrate the diversity and democracy within Bitcoin's progression, thanks to the dedication of its open-source community. From state chains to the enigmatic realm of zero-knowledge proofs, we'll examine the tapestry of innovation that continues to bolster Bitcoin's framework.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Dive deep into the enigma of Bitcoin's supply mechanics with our latest Block Time discussion. Your Host, Pierre and Producer Gabe take you on a journey through Bitcoin's backbone. They start by tackling the core concepts that set Bitcoin apart from conventional assets, emphasizing how it's underpinned by stringent mathematical and cryptographic rules. From the technicality of Satoshis to the sophistication of smart contracts, we'll leave no stone unturned as we dissect the foundational elements that comprise the Bitcoin network. You'll grasp the significance of the halvings and how they bring us closer to the 21 million Bitcoin limit and ponder the ramifications of software glitches and miners forfeiting their full rewards. This intriguing plot twist adds a layer of complexity to the ongoing saga of Bitcoin supply.To wrap up, we'll explore the diverse behaviors of the Bitcoin community. You'll understand the delicate balance between the HODLers and the spenders and how this interplay influences the burgeoning market. We also underscore the importance of personal Bitcoin nodes, giving you insight into how they uphold the sanctity of this digital currency. By the end of this episode, you'll have a comprehensive understanding of Bitcoin's supply, trends, and the technological advancements like the Lightning Network that are shaping its future. Join us for a riveting session that's as much about the technology as it is about the philosophy of sound money.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Join Pierre for a solo episode! We tackle everything from the process of mining and transaction verification to the recent scrutinies made by political figures such as Senator Elizabeth Warren, juxtaposing these against the drive for renewable energy sources within the industry.Venture into the realm of regulations and their historical ties to the U.S. economy, as we dissect the Energy Information Administration's methods and motivations for data collection. We question the urgency behind the government's approach to regulating Bitcoin mining, especially given the current environmental debates. This candid conversation scrutinizes the practical implications of such oversight and considers the broader impact on the industry, setting the stage for a robust discussion on the economic aspects of Bitcoin mining and its surprisingly harmonious relationship with our electricity grid.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Fred Krueger, former Wall Street trader and current Bitcoin enthusiast, who joins us to dissect the potential seismic shifts these financial products could bring to the currency landscape. As Fred seamlessly bridges the gap between the traditional finance sector and the  digital currency space, we delve into how Bitcoin ETFs could revolutionize investment strategies and mitigate common misunderstandings plaguing both camps. If you've ever wondered about the intricacies of ETFs or the significance of recent court decisions and BlackRock's ETF filing for the future of Bitcoin, this episode is your treasury of knowledge.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Tobin Harding takes us behind the scenes of his coding journey in Episode 30. Tobin conveys the profound impact of this collaborative ethos on his approach to development. We also tackle the critical role of the kernel, the correlation between hardware and software, drawing attention to the necessity for durable, high-quality code.Our conversation culminates in a thought-provoking exploration of Bitcoin's future, including its scalability and complexity. The million-dollar question arises: Can Bitcoin achieve widespread adoption without overwhelming users with its technicalities, akin to the seamless use of the internet? Pierre and Tobin debate the delicate balance between sophisticated features and maintainability, touching upon the importance of trust in Bitcoin's cryptographic fortitude and the potential for custodial services to cater to diverse user preferences. Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Discover how Bitcoin mining and energy sectors can converge for mutual growth as electricity grid expert Shaun Connell, EVP of Power, from Lancium unravels the symbiotic relationship these industries share. Witness Sean's fascinating leap from conventional power generation to the cutting-edge realm of Bitcoin mining. This episodes dives into the intricate dance between mining profitability, underused energy resources, and the economics of power generation, all through the lens of a seasoned professional who has witnessed the transformation of the energy landscape firsthand.Sean sheds light on the ever-changing dynamics within the ERCOT market, Texas's unique energy-only approach, and the importance of resourceful strategies in ensuring grid robustness against the backdrop of extreme weather. This episode is a deep exploration of the energy sector's adaptability, resilience, and the crucial role that Bitcoin miners play as both consumers and potential stabilizers of the grid.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Sit down with your Host, Pierre Rochard, and Brian Morgenstern, Head of Public Policy at Riot, to unpack the  EIA's Emergency Survey on Bitcoin Miners.  We tackle head-on the chilling notion of privacy invasion and dissect the shaky ground upon which the DOE claims grid stability concerns. Join us as we expose the potential for a darker agenda behind these actions, one that threatens the very fabric of the Bitcoin industry and whole digital currency realm.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Join your Host, Pierre Rochard, and special guest, Robert Warren, Manager, Mining & Operations Analysis at Riot, learn about his journey to Bitcoin mining. Our latest BlockTime podcast episode captures his shift from seeing Bitcoin as just another asset to embracing the full complexity of its networked existence. We journey with Robert through personal life changes, his move fueled by love, and how he's grown not only a family but also a deep appreciation for the often-invisible world of electrical infrastructure that powers our everyday lives.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Meet Gary Leland, the brains behind the BitBlockBoom conference. Step into Gary's shoes as he recounts his own revelation in the Bitcoin realm, where initial skepticism morphed into a profound realization of Bitcoin's indispensable role in the digital ecosystem. We unravel Bitcoin's metaphorical mantle as 'digital gold,' dive into its significance beyond mere commodity, and ponder the ripple effects Bitcoin ETFs may cast upon the shores of e-commerce. Our narrative sails through the tempestuous seas of Bitcoin's market cycles, decoding the cryptic timing for investment amid volatile tides.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

In Episode 25, join Pierre for a 1:1 on Wall Street's evolving interaction with Bitcoin, delving into the future of Bitcoin ETFs and their operational intricacies. Examining the SEC's decisions, Pierre analyzes the technicalities of cash creation and redemption processes, considering the potential impact of self-custody. This discussion encompasses global perspectives, reflecting on how U.S. investment products are perceived internationally and addressing the need for regulatory reform to foster innovation.Tune in for insights from Pierre as he navigates the political landscape of Central Bank Digital Currencies (CBDCs), dissecting conversations involving Trump and Vivek. Reflecting on the Biden administration's policies and their implications for civil liberties, this episode promises an in-depth exploration of the forces shaping the Bitcoin ecosystem and broader societal implications.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Join us for Episode 24 for an electrifying conversation with Nick Kyle,  Electrician at Riot. As we power down our discussion, Nick sheds light on some common misconceptions about mining's electrical demands and its impact on the grid, particularly in the context of voltage ride through during weather events. We also touch on the community-driven aspect of mining, from the shared experiences with family members in the industry to the team-building escapades that unite us beyond the clock. With an eye toward the future, we emphasize the importance of weatherization, risk management, and the resilience of mining operations in the face of Mother Nature's unpredictability.  Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

BlockTime returns! Tune in to Episode 23 as Pierre Rochard engages in a conversation with Michelle Wolff, Riot's Manager of Employee Experience. Michelle's journey unfolds as a step-by-step manual on ascending the corporate hierarchy, starting as an enthusiastic graduate resource and evolving into a crucial member of our team, influenced by Abraham Chavez, our director of software engineering. Michelle delves into Riot's internship program, a product of her vision, where interns aren't just spectators but integral contributors, taking on projects and mingling with top executives! Listen now!Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Wishing you a joyful holiday season from your BlockTime team! Stay tuned for an exciting return next week, as we delve into more content exploring the transformative impact of #Bitcoin! Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Join your host, Pierre Rochard, for BlockTime's 21st Episode. In this episode, we dissect the latest news around Bitcoin. Get Pierre's take on price doubling, potential approval of a Bitcoin ETF, and even the Federal Reserve making moves that could impact Bitcoin's market.  Join us as we take a deep dive into the motivations behind Senator Warren's Bitcoin legislation and the implications it could have on our privacy, highlighting the importance of staying informed and vocal. This episode is sure to leave you with a refreshed perspective on Bitcoin and its multifaceted influence on society. Don't miss this episode!Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

From diesel engines to digital gold, David Schatz, Senior Vice President of Operations at Riot, embraces the world of Bitcoin mining with an engineer's eye. His fascinating career trajectory, marked by meticulous planning and strategic decision-making, offers a rare glimpse into the complex realms of Bitcoin and data center operations.  David and Pierre touch on immersion cooling, a groundbreaking technology revolutionizing data center design. Grab this chance to explore the financial and environmental benefits engineered by this innovation, and to understand its potential in boosting machine longevity and reducing e-waste.  As the discussion unfolds, we dive into the strategic planning and careful execution that underpins the success of a publicly traded Bitcoin mining company. David highlights the significant advantages of building during a bear market and the paramount importance of a skilled and secure team in navigating these challenging waters.  Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Sit down with  Pierre and special guest, Sam Lyman, Director of Public Policy at Riot. What can be learned from the thriving meme culture within the Bitcoin community? As we navigate this enigmatic world, we unravel a fascinating intersection of sociology, psychology, economics, and politics, all bound together in the complex world of Bitcoin.This conversation takes us across Capitol Hill, through controversial topics like Bitcoin's use in illicit financing, and into the emerging landscape of central bank digital currencies (CBDCs). We are not just looking at Bitcoin itself, but also its ripple effects in the wider world - the political landscape of cryptocurrency, the potential threat to privacy posed by CBDCs, and the push and pull between governmental control and decentralized finance.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Tune in to Pierre Rochard's seminar at TCU, Neely School of Business, as he delves into the complexities of Bitcoin and mining. Explore the fundamentals of Bitcoin, shining a spotlight on its open-source code, public ledger, and unwavering dedication to transparency, accountability, and reliability. The revelation continues with insights into the gradual reduction of Bitcoin issuance and the strategic ordering of transactions to  double spending, all orchestrated within the competitive and decentralized nature of Bitcoin mining. Beyond issuing new Bitcoin and managing transactions, mining's impact on decentralization and value is scrutinized, covering Satoshi's block size limit, transaction fees' influence on block space, and the electricity-intensive cost of mining. Learn more about the developments in mining industry hosting, real estate, and strategies for hedging future Bitcoin production, emphasizing the relationship with the declining dollar. Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

 In Episode 17, you'll get exclusive insights into Pacific Bitcoin's Mining Day Industry! Watch Riot's CEO, Jason Les, speak on "Scaling Bitcoin Mining Operations" panel. Hear from leader's across the industry talk about Bitcoin mining machines, power generation, and more. Additionally, don't miss BlockTime's host, Pierre Rochard on "The Answer to Life the Universe & Everything" panel.  Together, they explore the intricate relationship between Bitcoin and energy, its unique ability to connect faith, truth, and optimism, and its profound impact on our perception of freedom. Skip navigation0:00 / 25:07The Answer to Life the Universe & EverythingFollow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Join your host, Pierre Rochard for a 1:1 on Bitcoin mining, transaction fees, and the contentious role of custodians. Discover the power shift away from centralized systems like Coinbase to empower users, and learn about the volatile history of mining revenue. Don't miss Pierre's thought-provoking analysis of the FTX case and its ripple effects on the Bitcoin community. From the long-lasting impact of inflation on Bitcoin's price to the intriguing case of Sam Bankman-Fried, this episode offers insights that you won't want to miss!Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

What does it take to keep  over 100,000 miners running in a large industrial-scale  mining operation?  In Episode 15, Matt, Riot's Miner Maintenance Manager, and Anthony,  VP of IT, share their intriguing career paths, revealing how their shared passion for technology led them to Bitcoin.  Matt and Anthony dive into the challenges they face and their innovative solutions. From the creation of an in-house software system to handling weather-induced infrastructure issues, this episode is overflowing with insights.  Listen as they recount their unique experiences in dealing with the demanding world of Bitcoin mining, which includes the laborious task of operating with 100,000 mining rigs. Learn more about their ambitious plans to double the size of the minor maintenance team to handle these demands, and how they're fostering a culture of problem-solving and team-building.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

In Episode 14, BlockTime host, Pierre Rochard, sits down with Korok Ray, a distinguished Professor from Texas A&M University. From an initial fascination with economics to a deep dive into performance targets, Korok reveals the significance of grassroots involvement in Bitcoin discussions and the potential of this technology to shape the future.The episode dives into Korok's experience during the 2007/2008 financial crisis when he served on the Council of Economic Advisors under George W. Bush. Providing an insider's perspective, Korok takes us behind the scenes of the financial and political upheaval of that period. He passionately explains the intricacies of central banking, the challenges of macroeconomics, and hypothesizes on a world where Bitcoin exists without an elastic money supply.As we round off our enlightening conversation, Korok and Pierre explore the prospect of Bitcoin adoption at Texas A&M University and the creation of a financial system void of a central bank. They discuss the role of the Texas Blockchain Council in propelling the industry forward and the need for further research and talent.  Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Explore the transformation of the financial system with Parker Lewis, author, researcher, and a prominent figure. From his Wall Street origins to Bitcoin's rise, we dissect the fragility of our credit-based economy. We examine the 2019 'repo market break,' exposing the value of Bitcoin's stability in contrast to our fiat system for risk management and crisis prevention.Discover how Bitcoin's trustless nature could revolutionize payments and savings as the dollar depreciates. We also delve into Bitcoin as a payment network and a potential parallel currency system. Parker emphasizes understanding Bitcoin's value, merchant-driven adoption, and secure wallet integration for Bitcoin payments. Uncover Bitcoin's potential to reshape our financial future.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

In this episode, sit down with Gabe Garza, Multimedia Production Specialist, and Alexis Brock, Corporate Communications Manager at Riot Platforms. They'll touch on the process of shaping Riot's brand image and maintaining clear, consistent communication, both crucial in propelling Riot's narrative forward.This episode delves deep into the world of marketing and media at Riot Platforms, highlighting our unwavering commitment to transparency and communication within the Bitcoin mining industry.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Today we're excited to bring you a special episode in collaboration with Texas A&M University, The Blockchain & Energy Research Consortium (BERC). Hear from industry and researchers from this special event. Additionally, Blocktime host, Pierre Rochard, VP of Research at Riot  gave a guest lecture on Bitcoin Mining and the energy grid. The episode dives into the interplay between Bitcoin mining and the electricity grid, revealing the rapid response of natural gas peaking plants, the influence of electricity demand on its price, and the pivotal services Bitcoin miners offer to the grid. Learn more about the economics of Bitcoin mining, including break-even prices and the industry's response to high electricity costs. Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Today, Pierre is joined by Kevin Haugen, the Vice President of Financial Operations at Riot. Together, Kevin and Pierre take a deep dive into Riot's strategic power strategy, highlighting the advantages that Bitcoin offers to the energy grid. They also explore the dynamics of Bitcoin mining and electricity pricing in Texas.Pierre and Kevin engage in a comprehensive discussion on ancillary services and shed light on how Bitcoin miners can play a pivotal role in bolstering the grid during severe weather conditions. Tune in for a captivating exploration of the intersection of Bitcoin, energy, and grid resilience. Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

In this episode, we're in for an exciting discussion on Bitcoin mining, ETFs, and market sentiment, joined by a special guest, Phil McPherson, Riot Platforms' VP of Capital Markets.  Phil touches on on Riot Platforms' intriguing future endeavors, particularly The Company's strategic investment in Corsicana, Texas. He provides invaluable insights into the rapidly evolving energy transition and the exploration of groundbreaking technologies. Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Join us as we engage in a deep and thoughtful conversation with Abrahan Chavez, the Manager of Software Engineering at Riot. From hearing about Bitcoin in high school, to trading it amidst the pandemic, and finally landing at Riot, Abrahan's story is a fascinating exploration of personal growth and the Bitcoin industry. Alongside, we dive into the complexities of working in a SOX controlled environment and the vital role of sturdy software infrastructure for efficient Bitcoin mining.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Join us and special guest, Jimmy Song, who took a Bitcoin sabbatical across 34 countries with his family, enlightening us with his international Bitcoin experiences.  In our deep dive, we bring to light the negative impacts of inflation. We explore the issues with fiat money and how Bitcoin holds the potential to rectify them. We debate on the concept of a zero-sum game, comparing the contributions of old and new companies to the economy, and consider the scalability of Bitcoin. As we wrap up, we reflect on the implications of rent seeking, illustrating how a hard-money standard like Bitcoin can counteract its devastating effects. This episode is not to be missed for anyone intrigued by Bitcoin or looking for a new perspective on global economic issues.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Today we have two special quest joining us, financial planning expert, Morgen Rochard, and Entrepreneur, Engineer, and international bestselling author, Preston Pysh,  joining us to shed light on the volatility of Bitcoin, the importance of realistic portfolio allocation, and the potential consequences of overallocation. Get ready to be equipped with a comprehensive understanding of Bitcoin as a long-term asset and how best to manage it within your financial sphere.As we wrap up our robust discussion, we ponder over Bitcoin's influence on future expectations. We dive into the impact of bad actors and speculation in the Bitcoin market, and contemplate how Bitcoin could reshape the housing market due to the implications of the money printing system. We also explore changing perceptions of Bitcoin, potential direction of interest rates, and long-term investing strategies. Whether you're a seasoned Bitcoin investor, a financial guru, or a curious newcomer, this episode is your gateway to understanding the dynamic Bitcoin landscape.  Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Join us as we chat with Bobby Joe, Safety and Training Manager at Riot, who gives us an insider's view of their Rockdale facility. Bobby Joe shares his journey from a traditional coal mining background to the digital realm of Bitcoin mining, punctuating the surprising parallels in safety culture between the two.Safety isn't just a requirement, it's a culture, a mindset that can significantly impact business operations. Bobby Joe opens up about the intricacies of ensuring safety at Riot, from providing the right tools and resources for workers to the importance of effective training programs. We also venture into discussions around Riot's proactive approach to new employee orientation and the potential pitfalls they're helping workers avoid. And it doesn't stop at the walls of the facility – Bobby Joe's community-centric approach to safety extends to the broader Rockdale region, making significant impacts on a larger scale.  Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Meet Gabe Garza, our podcast producer whose fervor for multimedia storytelling is matched only by his team's remarkable ability to create a profound impact on a quaint Texas town. Join us as we delve into Gabe's passion for weaving narratives, his team's exceptional capacity for documenting a communities transformation, and his insightful exploration of value creation within the realm of Bitcoin. Furthermore, our host Pierre Rochard discusses his life's work in Bitcoin, the ongoing evolution of the industry, and his role in educating his peers and colleagues.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

In Episode 3, Pierre Rochard is joined by special guest, Lyle Theriot, Head of Construction at Riot. Lyle discusses how he started in Bitcoin mining by building out a 1 megawatt facility in Louisiana, his teams role in building and scaling Riot's Rockdale Facility, and the Company's vision toward building North America's leading Bitcoin-driven infrastructure platform. Meet LyleLyle Theriot has served as the COO of Whinstone since 2018 and brings his vast knowledge of construction operations to the Riot leadership team. As one of the founders of Whinstone, Lyle leveraged his transformational operating skills in quickly building Whinstone into North America's most significant Bitcoin hosting facility in just a few short years.Lyle shared success within Whinstone has been his ability to design and build quickly & provide custom design and adapting this to the unique nature of the new and ever-changing Bitcoin industry. For his efforts as COO of Whinstone, Lyle was awarded the 2020 Texas Economic Development Council - Community Economic Development Award for Secondary Benefit for the Whinstone Data Center Project.Starting his career in construction management focusing on communication and team building, Lyle gained the needed skills to effectively solve complex construction problems and build with speed and efficiency. As a mentor and leader of talent, Lyle leverages his relationship and coaching skills to develop effective, high-performing staff members.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Today, our host, Pierre Rochard, is joined by CEO of Riot, Jason Les.  Jason is the driving force behind Riot's mission to become one of the most relevant and significant companies supporting the Bitcoin network. Jason and Pierre touch on the Company's history, vertical integration business model, and latest updates on Riot's Corsicana Facility.  Listen now!Meet JasonJason is the driving force behind the Company's mission to become one of the most relevant and significant companies supporting the Bitcoin network. He has been deeply involved with Bitcoin since 2013, with significant experience in cryptocurrency mining, and as an engineer studying protocol development, and contributing to open-source projects.Jason was also a founding partner of Binary Digital, a software-development company where he led the engineering team and coordinated project development for artificial intelligence, reverse engineering, and inter-software compatibility projects.Additionally, Jason's background includes over a decade of unique experience as a former professional heads-up poker player during which he has successfully competed in high-stakes games online, in addition to the most prestigious, high-stakes tournaments in the world.  In 2015 and 2017, he was selected as a human benchmark for testing the world's best poker artificial intelligence in what was dubbed “Man vs Machine” at Carnegie Mellon University in 2015 and 2017.Jason holds a Bachelor of Science in Information & Computer Science from UC Irvine.Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts

Join us for our first episode of Blocktime! In this episode, your host, Pierre Rochard will dive into the latest industry news, advancements in the ever-evolving landscape of Bitcoin mining operations, and how it continues to impact the Bitcoin network's resilience and security. Additionally, hear from Pierre as he address exclusive updates on recent announcements from Riot. Follow Blocktime on Twitter: https://twitter.com/BlocktimebyRiotFollow Blocktime on YouTube: https://www.youtube.com/@RiotPlatforms/podcasts