Swan Bitcoin’s Lawsuit, Bitdeer’s New ASIC, Riot and Bitfarms’ Settlement

Welcome back to The Mining Pod! For this week’s roundup, Will, Colin, and Matt discuss the bombshell news that Swan Bitcoin is suing its former employees and contractors, alleging that the cabal stole proprietary aspects of Swan’s bitcoin mining business. Speaking of corporate sparring, the gang also covers the news that Riot and Bitfarms have settled (for now, at least) their dispute over Riot’s attempts to acquire its rival. They also discuss Bitdeer’s new SEAL02 ASIC chip, which Bitdeer claims is capable of 13.5 J/TH power efficiency, and why bitcoin mining ASICs are not securities despite some reporting to the contrary. Finally, in this week’s cry corner, they address the indefatigable, maddening myths that persist about Bitcoin’s global electricity use (no Bill Maher, Bitcoin does not use 8% of the world’s electricity, but thank you for playing!). Enjoying the show? Check out our newsletter at miningpod.blockspace.media! Timestamps: CHAPTERS 00:00 Start 00:14 Swan mining lawsuit 11:01 Difficulty update 17:03 Riot vs Bitfarms 27:14 Bitdeer’s SEAL02 chip 35:25 Green Mining SEC suit not dismissed 38:59 Hut 8 GPU-as-a-Service Goes Live 42:47 Cry corner: Bill Maher is wrong Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!  👉 Check out Bitcoin Season 2 and The Gwart Show. Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And NiceHash (@NiceHashMining), the world's most powerful hashrate marketplace! "The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer, Damien Somerset.   Learn more about your ad choices. Visit megaphone.fm/adchoices