At the "ASIC Cooling Methods" panel during Pacific Bitcoin 2023, speakers discussed the importance of efficient cooling solutions in the mining industry due to the increasing thermal profiles of mining machines. The primary cooling methods are air cooling, hydrocooling, and immersion. Air cooling is the simplest form using ambient air, immersion involves submerging chips in cooling fluids, and hydrocooling uses water. Speakers shared their anticipation for the widespread adoption of immersion cooling due to its reliability and performance advantages, although air cooling remains dominant. Companies are exploring water cooling and addressing operational challenges to make hydro cooling more viable. The speakers also discussed the logistical challenges and higher upfront costs associated with immersion cooling, leading some companies to opt for water cooling instead. Innovations in ASIC design and cooling technology are expected to shift the focus from silicon to system design, with a focus on system efficiency and heat utilization.