Is Bitcoin Losing Its Miners to AI? | Nacho Pauls

About this episode

“Our vision was one, his vision was different. Why would he stay?” Nacho Pauls, Chief Commercial Officer at OCEAN, joins me to discuss why Luke Dashjr and Mechanic left the company, the fallout from BIP110, and how the controversy cost the pool nearly half its hashrate. He gives his account of the internal disagreements, the painful split and what comes next. We also get into why major Bitcoin miners are turning towards AI, and why Nacho believes the shift could actually strengthen Bitcoin. How decentralised is Bitcoin’s mining industry? We discuss the influence of large pools and hardware manufacturers, the risks of government pressure, and why control over which transactions enter a block matters. We also get into stranded energy, the economics of staying competitive and the challenges miners face heading towards the 2028 halving. THANKS TO OUR SPONSORS: LEDN - Explore Bitcoin-backed loans and get 0.25% off your first loan. https://learn.ledn.io/wbd BITGO - Secure your Bitcoin with institutional grade security. https://www.bitgo.com/danny ANCHORWATCH - Insured Bitcoin custody, security & inheritance. Book a consultation: https://www.anchorwatch.c