Week in BTX: Friday Nov. 4th, 2022
Polls close at 7pm tonight. Voter turnout is down. Go do your part.
Find someone that supports you in life like Mattress Mac supports the Houston Astros!
Early voting ends today (Friday) and Election Day is on Tuesday November 8th. Go vote TODAY for pro Bitcoin candidates like Governor Greg Abbott and Texas Railroad Commissioner Wayne Christian.
You can find your early voting and election day voting locations here.
According to political data guru Derek Ryan only 4,227,631 people have voted in Texas. That is only 23.9% of all registered voters.
Voter turnout is down. Go do your part to secure Bitcoin’s future in Texas.
General
Bear Market Vibes: BitMex cut 30% of its staff, Galaxy is considering cutting 20% of its staff and Digital Currency Group will shrink by 10%.
A Charles Schwab survey about 401k accounts found that nearly half of Gen-Z and millennial employees would like the option to invest part of their retirement savings into crypto.
In a quest for clicks, Bloomberg misidentifies Texas Bitcoin miners as “Crypto Cowboys.”
Public Policy/Politics/Regulatory
Grayscale released findings from a national survey conducted by The Harris Poll on crypto and the economy. Findings include;
Nearly half of Americans are familiar with cryptocurrency (49%), and familiarity rises among younger investors, including 70% of those aged 18-34 and 62% of those aged 35-44.
Familiarity is also higher among minorities, including 60% of Black and 62% of Hispanic Americans, compared to 43% of White Americans.
Interest in cryptocurrency seems to translate to adoption, particularly among young and diverse investors. About one-third of Black (34%) and Hispanic (32%) Americans, as well as those under 45 years old (37%), say inflation and the current economic climate have made them more interested in cryptocurrency.
Nearly one-third of Black (30%) and Hispanic (32%) Americans, as well as those under 45 years old (33%), already own cryptocurrency.
Fort Worth Mayor Mattie Parker lead the city into the first ever pilot project mining Bitcoin with three S9s. The six-month project netted the city $1,019.13 after electricity costs and nearly 753 million media impressions. Mayor Parker will continue mining Bitcoin at city hall, leveraging it as a springboard for other innovation occurring in the city.
Mining
Riot produced 509 Bitcoin in October 2022, holds 6,825 BTC, and sold 450 BTC for $8.7 million and significantly expands hash rate capacity to all-time high of 6.9 EH/s.
Giga Energy dropped a 🔥🔥🔥 update. Giga has mitigated over a quarter BILLION ft of flared/vented methane since 2019, raised $2.4M at $30M pre-money valuation, raised $4.2M of non-dilutive capital for a mining project and is gearing up for Series A.
Hashrate Index’s Jared Mellerud provides an excellent deep dive on how Core Scientific got into this mess, current finances/debt and what effect Core’s failure may have on the mining ecosystem.
Marathon produced 615 BTC in October 2022, holds 11,285 BTC with a fair market value of approximately $231.3 million and operates a mining fleet consisting of approximately 69,000 active miners, producing approximately 7.0 EH/s.
Anthony Power joins the Compass Mining Podcast to walk through how to evaluate publicly traded Bitcoin mining companies in this bear market.
Lending firm Generate Capital is buying Compute North's stake in two mining facilities for $5 million, including the 300 MW facility in Wolf Hollow, Texas, and a 100 MW facility in Kearny, Nebraska. Generate Capital previously lended Compute North up to $300 million to develop the two sites.
Bitdeer may delay its public SPAC Nasdaq listing up to a year depending on a vote from shareholders of Blue Safari Group Acquisition Corp.
Lancium broke ground on its 1,000 acre flagship clean campus outside of Abilene. The $2.4 billion investment over five years will have Bitcoin mining and traditional data centers, while the company also is "looking at things like hydrogen electrolysis (or) basically, any large industrial load that is flexible enough for us to control."
Events
Fort Bitcoin Meetup Nov. 8, 2022 in Fort Worth
Midland Bitcoin Meetup Nov. 10, 2022
Dallas Bitcoin Meetup Nov. 10, 2022
San Antonio Bitcoin Club Nov. 10, 2022
Austin BitDevs Nov. 17, 2022
Texas Blockchain Summit November 17-18, 2022 in Austin
Houston Bitcoin Meetup Nov. 21, 2022
Midland Bitcoin Meetup Dec. 8, 2022
Dallas Bitcoin Meetup Dec. 8, 2022
Austin BitDevs Dec. 15, 2022
Houston Bitcoin Meetup Dec. 22, 2022
BitBlockBoom August 24-27, 2023, 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
US Bitcoin Corp is hiring an Office Manager in Fort Worth
Marathon is hiring a remote Operations Team Lead
Genesis Digital Assets is hiring a Staff Accountant and Accounts Payable Specialist based in Houston, Inventory Warehouse Specialist in Pyote and Project Engineer-Manager in Odessa.
Deloitte is hiring a Senior Tax Consultant for Blockchain & Cryptocurrency in Dallas
Bitdeer is hiring a Business Development Manager in Rockdale
Piper Maddox is hiring an ERCOT Market Manager, ideally with Bitcoin mining experience
Crusoe is hiring an Oil & Gas Field Equipment Mechanic, Field Tech, Warehouse Lead and Field Electrician based in Midland
RIOT is hiring positions in Rockdale and Austin
Unchained Capital is hiring software engineers in Austin
The Blockchain Association’s job board shows 26 Texas based jobs.
Bitcoiner Jobs shows 2 Texas based Bitcoin job
People on the Move
Send me your career moves!
Bitcoin Marketplace
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. Send me 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.
Bitcoin Citadel: Bear Market Edition
The 40 acre no name ranch in Palo Pinto County is on the market for about 30 Bitcoin. The ranch has dramatic elevation changes, mature hardwoods, large Palo Pinto County boulders and abundant wildlife.
To Ponder While You Wander
“Gold is money. Everything else is credit.” -J.P. Morgan in testimony before the U.S. Congress in 1912.