Mining Migration: Hashrate’s Journey to North America
summary
A group recounts how Chinese policy forced ~65–70% of global hash rate to move, leaving 10–15% still in China, and how a new North American pool built on transparent software and financing rose to become a top-five pool outside China in under a year and then the world’s largest. Details: machines shipped by air, sites sited near hydro, wind and West Texas solar, miners acting as flexible grid load, financing for projects, a Rochester training program, 170 local hires and 20% of regional mining routed through the software.
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chapters (15)
- 0:00Introduction
- 1:06China’s policy mistake
- 3:33Chinese mining dominance
- 4:57Mining pool finance
- 6:42Foundry’s North America role
- 8:05Energy incentives for mining
- 9:52State regulatory experiments
- 11:36New York’s mining moratorium
- 13:40Energy literacy benefits
- 16:30New York’s policy mistakes
- 17:52Investment shifts from NY
- 18:32Mining in inner cities
- 20:18Foundry’s Western NY impact
- 21:21Miners and energy ownership
- 22:46Energy literacy future
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