Babylon Pumps Fees, Bitfarms Merges with Stronghold, Public Miner Q2 Numbers, and the IMF’s (not so Modest) Tax Proposal

The Mining Pod | Bitcoin Mining News

Welcome back to The Mining Pod! On Thursday, Bitcoin transaction fees soared to their highest levels since April, but it has nothing to do with runes or inscriptions. This go around, it was all thanks to the launch of Babylon Chain, a new off-chain BTC staking platform. We also tackle Bitfarms’ merger with Stronghold and what it could mean (or not mean) for Riot’s ongoing attempt at a hostile share takeover of Bitfarms. Finally, we close on the latest Q2 figures and operational updates from public bitcoin miners, and Colin rants about why the IMF needs to take their bitcoin miner tax proposal and shove it...someplace where it won’t see the light of day.

Timestamps:

00:00 Start

02:33 Difficulty report

04:45 ASIC prices

12:13 Babylon staking

15:51 Bitfarms Expands with $175M Stronghold Merger

16:47 Riot vs Bitfarms Poison Pill

25:30 Public Miner Reports

32:19 IMF Idea to Tax Bitcoin Miners

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"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.