Week in BTX: November 4, 2021
Despite the political awakening and engagement of the Bitcoin industry across the United States around the horrible crypto provisions in the infrastructure bill, we still got rugged by DC Insiders
Despite the political awakening and engagement of the Bitcoin and wider crypto industry across the United States around the horrible crypto provisions in the infrastructure bill, we still got rugged by Washington, DC insiders.
The infrastructure bill will pass with the bad provisions plus more (Ever heard of Section 6050I). Lots of talk/tweets about organizing the fight in DC but not many actual results on a federal level. Much more work to do. All it takes is time, money and organization….
Last but not least, congratulations to Nathan Nichols and the whole team at Rhodium for announcing a huge IPO!
General
Texas Lt. Governor Dan Patrick announced the appointments of Senator Angela Paxton, Claire Barber, Christopher Calicott, Patrick Hatfield, Jason Kelley, and Robert Villaseñor to the Work Group on Blockchain Matters
US Senator Ted Cruz proposes Senate resolution to require Washington, DC merchants, vending machines and gift shops to accept Bitcoin
Bitcoin is Generational Wealth - A Short Film by Matt Hornick and Tomer Strolight
Local Austinite, Joe, may of accepted a $100,000 bitcoin payment, fully reversing his previous skepticism of Bitcoin
Public Policy/Politics/Regulatory
Per Jake Chervinsky the federal infrastructure bill is heading for a vote in the House and the crypto provisions are just as bad as they were months ago, including the under explored impact of Section 6050I
Mining
Bitcoin miner Rhodium Enterprises files for IPO at $100M placeholder value. Founded in April 2020, Rhodium (RHDM) currently operates one Bitcoin-mining site in Rockdale, Texas and aims to develop more in the future. The firm wrote in its S-1 that it uses “proprietary liquid-cooling technology” to mine Bitcoin in a more ecofriendly way
Riot Blockchain produced 464 BTC in October 2021, an increase of approximately 433% over its October 2020 production of 87 BTC. Riot currently holds approximately 3,995 BTC, all produced by the Company’s self-mining operations. Riot’s Whinstone mining facility in Rockdale, Texas continues to be the largest mining facility in the world
Events
Austin Bitcoin Club - The Pleb Symposium November 4, 2021 (TODAY)
Forth Worth Bitcoin Meetup November 9, 2021
Texas Blockchain Council & Crypto Connect Dallas Happy Hour November 10, 2021
Austin BitDevs November 18, 2021
Bitcoin Block Party in Austin December 2, 2021
Bitcoin2022 Conference April 6-9, 2022 in Miami (10% off with code TEXAS10)
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
BitBlockBoom August 25-28, 2022, in Austin
Jobs
Unchained Capital is hiring for 15 positions based in Austin.
Lancium LLC (Bitcoin Miner) is hiring 6 positions based in The Woodlands
ATLAS Mining is hiring a VP, Global Public Policy based in Austin
NYDIG is hiring 3 roles in the Houston area
People on the Move
Adopted Texan Alejandro De La Torre resigned from Poolin to found Proof of Work, a consulting firm focused on bitcoin mining with a mission to distribute the bitcoin hashrate across the globe
Bitcoin Citadel
The “Prize of the Panhandle” Turkey Track Ranch is for sale for 3,278 Bitcoin ($200 million). This historic ranch consists of 80,000 continuous acres and is the legacy of Coble/Whittenburg empire. It is known for natural resources and site of Battles of Adobe Walls of 1864 and 1874
To Ponder While You Wander
“We are dedicated to environmentally friendly mining of bitcoin, as we firmly believe that this will be critical to the long-term adoption and success of bitcoin. We believe our liquid-cooling technology provides us an advantage in high-heat and humidity regions such as Texas that have access to an abundance of renewable power” - Rhodium