In this podcast episode, Jesse sits down with James to discuss the BASIC Note financial product, specifically Series 1 and the upcoming Series 2. They delve into the intricacies of the ASIC market, the impact of Bitcoin price fluctuations, and the potential for yield above Bitcoin appreciation. James shares insights on the mining sector, the challenges faced by financiers of ASICs, and the future of hash rate derivatives. They also touch on the energy consumption of Bitcoin mining and its role in balancing the grid. If you're interested in learning more about the Basic Note Series 2, check out the Stoker page for details and performance updates. Don't miss this insightful conversation on the evolving landscape of Bitcoin mining and financial products. This is a conversation. Not financial advise. Before making any investment decision, review the proper documentation.