Week in BTX: Friday June 3, 2022
New York joins China in banning Bitcoin mining, Texas remains open for business!
New York has joined China in banning Bitcoin mining, but Texas remains open for business!
Texas and our elected officials are not immune to these bad ideas though, we must continue to educate elected officials, regulators and the general public about the benefits Bitcoin mining brings the grid and communities across the state.
Giga Chad Harris is one of the best messengers for Bitcoin mining and the benefits it provides, check out and share his video below about how RIOT supports the ERCOT grid.
Miners Summit in College Station is coming up fast! Week in BTX subscribers get $100 off their ticket using discount code BTXNEWS2022, but the code expires at midnight tonight! Don’t delay and buy your ticket now.
Miners Summit features a legendary line up of energy companies. Register today and discover what Priority Power, Pumpjack Power and Albireo Energy can do for your business.
Last but not least, I am considering adding a “Bitcoin Marketplace” section to the newsletter. Subscribers can offer their Bitcoin related products and services, skills for hire, in search of, etc. Would love your feedback on this idea and what types of products and services you would find valuable. Reach out if you have something you want to list or are in search of.
General
Bear market vibes. Gemini announces layoffs, Coinbase yanks job offers, Riot lowers 2023 hashrate guidance, Cathedra sold 98% of self mined Bitcoin, Core Scientific cuts hashrate outlook & Q1 revenue misses estimates.
Codie Sanchez, Founder of Contrarian Thinking, makes the case that 2022 is an advertisement for Bitcoin. Tweet her some encouragement to breakdown a Bitcoin mining investment to her vast Contrarian Thinking community.
Trezor is offering two Austin based Bitcoin project develops free office space at Bitcoin Commons. Apply here.
Public Policy/Politics/Regulatory
US Senator Cynthia Lummis bill to fully integrate digital assets into the US financial system will be unveiled next week.
Miners Summit announced that former Congressman and current ERCOT Vice Chairman Bill Flores will be speaking at the summit.
Miners Summit, Where Tech & Energy Meet is in College Station, Texas, June 15-16, 2022. This year, Miners Summit is an all-VIP executive conference for Bitcoin miners and energy companies at the Hilton College Station & Conference Center.
Week in BTX Subscribers get a special $100 discount using code BTXNEWS2022
Register here today before the discount code expires at midnight tonight (Friday June 3rd)
Mining
EnergyFunders is hosting a tour on June 17, 2022 of their stranded natural gas powered immersion Bitcoin mining unit. Reach out to Laura Pommer for details.
Max Gagliardi dropped a short film documenting Ancova Digital’s journey the last 18 months mining Bitcoin in the oilfield.
Justin Ballard is working with Milena Mayorga, Ambassador of El Salvador to the United States, and others to advance Bitcoin mining in El Salvador.
Core Scientific, the world's largest publicly traded bitcoin miner by hashrate, reported first-quarter revenue of $192.5 million, falling short of analysts' average estimate of $200.3 million.
In May 2022 Riot produced 466 BTC, sold 250 Bitcoin generating net proceeds of approximately $7.5 million, currently holds about 6,536 BTC, and has a deployed fleet of approximately 43,458 miners, with a hash rate capacity of 4.6 exahash per second.
Texas Observer offers its progressive view on Bitcoin mining and the Texas grid (Hint: They are not a fan).
Austin TV station KXAN dives into Bitcoin mining and the Texas grid.
Events
btc++ bitcoin dev conf in June 7-8, 2022 in Austin
Austin Lightning Network Developers June 8, 2022
San Antonio Bitcoin Club June 9, 2022
Dallas Bitcoin Meetup June 9, 2022. DM @BossHogCapital or @Dallas_Bitcoin for details
Round Rock Bitcoin Genesis Meetup June 9, 2022
Midland Bitcoin Meetup June 9, 2022
Consensus June 10-12, 2022 in Austin
BitBlockParty June 10, 2022 during Consensus in Austin
Coin Center Annual Dinner June 10, 2022 during Consensus in Austin
Fort Bitcoin Meetup June 14, 2022 in Fort Worth
North Houston Bitcoin Club June 14, 2022 in The Woodlands
Miners Summit June 15-16, 2022 in College Station ($100 discount using code BTXNEWS2022)
Austin Bitdevs June 16, 2022
EnergyFunders off grid immersion mine tour June 17, 2022. Reach out to Laura Pommer for details
Mckinney Bitcoin Meetup June 21, 2022
Houston Bitcoin Meetup June 23, 2022
Austin Bitcoin Club July 7, 2022 at Bitcoin Commons
Dallas Bitcoin Meetup July 14, 2022. DM @BossHogCapital or @Dallas_Bitcoin for details
Austin Bitdevs July 21, 2022
Houston Bitcoin Meetup July 28, 2022
Austin Bitcoin Club August 4, 2022 at Bitcoin Commons
Dallas Bitcoin Meetup August 11, 2022. DM @BossHogCapital or @Dallas_Bitcoin for details
BitBlockBoom August 25-28, 2022, in Austin
Texas Blockchain Summit November 17-18, 2022 in Austin
LinkedIn says Bitcoin and crypto job postings grew 395% in 2021: 3x the tech industry. Have a Bitcoin related job you want to promote? Reach out!
Jobs
SpiderMining Inc is hiring a Mining Farm Site Development Director in Bowie
Fidelity is hiring a Bitcoin Mining Program Manager in Austin
US Bitcoin Corp is hiring an Office Manager
RIOT has launched a 10-week internship program for junior and senior-level college students
RIOT is hiring positions in Austin and Rockdale
LVL (a Bitcoin bank) is hiring a Backend Engineer II in Austin
Trammell Venture Partners is hiring marketing/communications lead and an Analyst in Austin
Poolin is hiring positions in Austin, Pyote and Pecos
Compass Mining is hiring numerous positions in Austin
Upstream Data is hiring a Business Developer based in Texas
Core Scientific is hiring in Austin, Denton, Pecos and Barstow
Cormint Data Systems (Fort Bocks) is hiring a Data Center Technician in Fort Stockton
Unchained Capital is hiring for 10 positions based in Austin & Dallas
Lancium is hiring positions based in the Houston area
NYDIG is hiring positions in the Houston area
The Blockchain Association’s job board shows 55 Texas based jobs.
Bitcoiner Jobs shows 12 Texas based Bitcoin jobs
People on the Move
Riot hired investment banker Jason Chung from Nomura Holdings Inc. as its head of Corporate Development.
Bitcoin Marketplace
Coming Soon….send me your feedback!
Bitcoin Citadel: Bear Market Edition
One acre lake front lot on Lake Fork east of Dallas is on the market for about three Bitcoin.
To Ponder While You Wander
“We have spent the last several weeks restructuring our balance sheet and operations to ensure Cathedra is well positioned to endure a prolonged economic downturn…...Our initial approach—using leverage to enter into machine futures orders—was clearly ill-timed. These adjustments in balance sheet strategy will allow us to accumulate more bitcoin in the long run, without being dependent on any third-party financing partner.” - AJ Scalia, Chief Executive Officer of Cathedra