Is US Miner Concentration a Threat to Bitcoin? | EP 582

Around 38% of the Bitcoin hashrate is located in the USA. This makes it a potentially easy target for the US government to try to coerce the Bitcoin network for it's own political gain. Today we explore this potential weak spot.

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Sources:
► BTC Stats:
https://twitter.com/sovmichael/status/1569264243299549184?s=52&t=4AxGkhKMsl2c-_i6TXSJhw
https://twitter.com/sovmichael/status/1569264243299549184?s=52&t=4AxGkhKMsl2c-_i6TXSJhw
https://www.whitehouse.gov/ostp/news-updates/2022/09/16/technical-possibilities-for-a-u-s-central-bank-digital-currency/

► BTC News:
https://finance.yahoo.com/news/ecb-taps-amazon-four-others-090700339.html
https://twitter.com/TuurDemeester/status/1572046089888333826?s=20&t=wBRigqL6rgHoZoT1u2GT2A
https://t.co/BZ23nh6ZPL?ssr=true
https://finbold.com/kenyas-central-bank-governor-admits-pressure-to-convert-countrys-reserves-into-bitcoin/
https://darthcoin.substack.com/p/omg-ln-nodes-are-running-on-amazon
https://www.nobsbitcoin.com/ofac-sanctions-iranian-ransomware/
https://www.nobsbitcoin.com/us-treasury-ofac-new-sanctions/
https://bitcoinmagazine.com/business/bitcoin-mining-concentration-in-america

► Daily Culture:
https://twitter.com/MiningConf
https://www.theminingconference.com/
https://twitter.com/offordscott/status/1572242579994906625
QUESTIONS:
- In simplest terms: what is bitcoin mining? How does it work?
- Is bitcoin mining wasteful?
- Is home mining still profitable?
- How to get started?
- How can conference help newbies get into mining?
- What does the future of mining have in store for us 5-10 years down the road?

► Epic Memes:
https://twitter.com/MaxisClub/status/1571888253090791426
https://twitter.com/susiebdds/status/1572203029805383681
https://twitter.com/JMellerud/status/1572104318941011974
https://twitter.com/LinaSeiche/status/1572173723351883776
https://twitter.com/w_s_bitcoin/status/1571981765450792960
https://twitter.com/ben__rickert/status/1571804617419390977

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Timecodes:
0:00 - Intro
2:14 - BTC Stats
12:35 - BTC News
34:29 - Daily Culture
49:42 - Meme Review
57:09 - Software Release

DISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors.