Do you wonder what happens in a bitcoin conference? I did. And thanks to my channel
sponsor and trusted US based Bitcoin mining hardware supplier, Musk Miners,
link in the description - they got me an Industry Pass to Bitcoin 2022 Miami to find out.
Initially I didnt know what to expect at all with this thing.. I think I thought
it would be smaller, but HOLY CRAP - This annual conference is 500,000 square feet of
exhibitor space, with 4 separate stages and a music festival! (a bit of advice,
if youre thinking about coming to one of these things, wear comfortable shoes - these boots
were made for walking but I dont think theyre broke in yet.. )
There were three echelons of passes you could buy to come to this event - General Admission
which was a thousand bucks - Industry Pass which gets you an extra day with all the companies was
2500 bucks, and thats the pass we came on - and then the WHALE pass for TWENTY ONE THOUSAND US
DOLLARS - and they have their own food court that I wasn’t allowed in so I dont know what
its like - they get a golf cart to pick them up from their hotel.. They have like a nice
little back lawn to hang out on, except miami is 90 degrees in the shade and
fairly miserable outdoors, generally. And some other things.
But this is a story about Industry day..
We were greeted with a long line of people waiting to get in,
only to find out we were in the exhibitor line and not the attendee line - so
we walked around to the other side of the building, along with a few hundred
other people who were also in the wrong line, to be met with another long line..
Its hard to think of anything other than
EVERY one of these people is 25000 bucks for whatever company put this thing on, nnnnnuts.
We got in just in time to get to the Nakamoto Stage and see Anthony Pompliano - who I was
evidently supposed to be familiar with, but I wasn’t, but I am now.
Ive been to some expos.. Ive been to some trade shows.. but this stage is something else.. This
setup was incredible.. Smoke machines, special effect lighting - the rigging had its own little
running lights up in the ceiling - huge screens everywhere and a crowd in the thousands
(again ALL WHO PAID THOUSANDS to sit there) watching the presentations. I was impressed.
And the Whale pass folks got their own poofy recliner chairs up above
the ‘regular folks’ in the crowd. Nice flex, whale folks.
Then it was onto the main exhibition hall.
This place has a volcano - interesting.. Bitmain was there with their new Antspace
HK3 container for the Hydro Miners. This whole thing is the dry cooler, oh my word.
I came across quite a few immersion tank building companies, so Ill bet those will get cheaper this
year through competition. Included in those are our good buddies over at DCX, who had
their own branded Vodka - and with a pretty big booth, Gary Testa and Engineered Fluids!
Im going to get him to give up what sort of flexible clear tubing hes got running
on this tank - and these little plunger looking things are evidently temperature testers.. Hes
running that same MDX March Pump I am, so were on the right track it looks like for DIY mining kits.
Gary told me that they really are ready now, just waiting for shipments, of their
8 miner tanks.. I didnt ask him about the prices, but Ill get back over to that booth
tomorrow and bother him some more about all those details. They had this little 2 miner
tank on display, which Im pretty into as well, since I plan to host with Musk Miners remote
hosting when that comes online because Duke Energy in Florida is too expensive. The hell, Florida?
Next I had an empanada and a brownie..
Upstream had a VERY impressive little black box. Granted, this was not a quiet room by any stretch,
but I put my ear RIGHT UP TO THE VENT of this little black box and, at least to my ears,
the sound of an ASIC is something I pick up on like a childhood memory at this point,
and there was nothing.. Nothing but comforting warm air - and when he opened this magical
end table sized flight case, what do you know - there were two S9’s screaming away inside.
It has no added ventilation, it simply uses the fans from the miner to create the necessary air
pressure to move heat out of the system. The trick seems to be lots of turns combined with
sound insulating foam and a good seal at the top of the box.. He’s got the hot side
thermally separated with some other type of squishy foam wall and thats about it.
I laid my hand on the body of the miner, and It was cool to the touch.
Adam, the upstream guy, tells me that this box is completely water proof, so you could run it
in the back yard in the summer time, and in the winter - this thing could move into your
basement and do a FINE job of supplementing the heating of your house. There is no way to make
less overall heat come out of a bitcoin miner - one of those pesky laws of physics - so you would
have a 6000 watt space heater that produces, well right now, a thousand bucks a month or so while
almost certainly causing you to use significantly less household heating. This is cool project.
Theyre selling these little game changers for $2200. It does seem like a lot of money
for some wood, some plastic, some foam and some filters.. but you’d be paying
for the work that went into figuring this whole scheme out - which Ive seen
quite a few people fail at on the internet. Some company called bullish brought a
mechanical bull. I watched people ride the bull, And I enjoyed that.
I was approached by several of you who have seen me on youtube before and boy did I like
that! Im by no means big enough (yet) for that to happen in the normal real world,
but a world where everyone is a bitcoin enthusiast mixed with a smattering of mining folks - well..
Evidently I am among my people! So thank you, fist bump guy - and guy by the quiet box thing,
and bearded british but minnesotan guy who we ate pizza next to while you enjoyed some edamame - oh
AND GPU guy who knew Musk Miners through me, ALSO at the pizza table.. That pizza table.
Also, hello Alex. ooo And the power strip PDU guys (stay tuned for that
video) and the asian guy. Good times for real!
Finally, for the purposes of this recap - I attended the WhatsMiner M50 Announcement at
the Mining Stage. I think they did a fine job on the presentation - Im
a little surprised there wasn’t an actual person, just a video - but the
production quality was fine, and its nice to see the competition trying to keep up!
Looks like that M50 will be 126TH at 26j/TH which is a little less efficient than the
Bitmain Antminer S19 XP 140TH which slides in at 22j/TH which with some napkin math means this M50
will run on about 3500 watts to hit 126TH. Still ‘current gen’ numbers, but Bitmain is a little
ahead. Man, 5nm process chips for these though - thats like Apple M1 level chip engineering - I am
impressed! Or I dont fully understand chip manufacturing - equally possible reality.
Later on on Twitter MicroBT snuck out that they’re also releasing an M53
with 226TH! Now we’re talking..
That was my day 1! Afterwards, Chris and Oscar Junior Junior
and I sat in south beach traffic and went to some delicious mexican place.
Day two is up next - itll include all the commoners who ONLY paid a
thousand dollars to see the expo. Im planning a
“people of Bitcoin” exposé to display the distinct archetypes of bitcoin enthusiasts as I see them.
If youre looking for a trusted place to buy ASIC Bitcoin miners,
I can confidently say its safe and quick to deal with Must Miners. I have personally
given them many thousands of dollars and if you hop on my discord server, link in description,
there are dozens of happy customers, and one unhappy one (he had unfortunate market
timing) who will tell you its safe to trust these guys to get you what you
want or need. Theyre also going to have hosting starting up sometime around the end of April.