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039. No Holds Barred w/ Special Guest: pennyether - Bitcoin Mining Co. Analyst, State of the Network, Tangents
Episode 39
Date: March 6, 2024
State of the Network:
Block Height: 833445
According to our friends at newhedge.io: Bitcoin difficulty is 79.3 Trillion and set to decrease roughly 0.25% at the conclusion of epoch 413 which should be on March 14th, Pie Day!
Over at Hashrate Index: https://data.hashrateindex.com/asic-index-data: Miners under 25J/th are selling for roughly $13.73/Th at the moment, which has been relatively flat since October.
Looking at mempool.space: Hashrate is currently estimated to be 577Eh, still slightly below the all time high of 581Eh.
Heading over to insights.braiins.com: Hashvalue is currently 170sats/TH/day.
Days until the Halving: 44 days according to https://www.coinwarz.com/mining/bitcoin/halving
Stream Sats, Point Hash:
- Pick any Lincoin URL:
- a) stratum+tcp://NA.lincoin.com:3333
- b) stratum+tcp://EU.lincoin.com:3333
- c) stratum+tcp://LatAm.lincoin.com:3333
- d) stratum+tcp://CIS.lincoin.com:3333
- e) stratum+tcp://Asia.lincoin.com:3333
- f) stratum+tcp://OC.lincoin.com:3333
- g) stratum+tcp://Africa.lincoin.com:3333
- Then use "pod256.YourAlias" as the worker name
No Holds Barred w/ Special Guest: pennyether - Bitcoin Mining Co. Analyst
- pennyether on Twitter: https://twitter.com/penny_ether
- Smoking Hopium - bitcoin mining calculator: https://smokinghopium.io/
- Do you think you’re cherry picking data?
- Does the lack of industry standards make direct comparisons tough, and to that point, can you speak to how companies get fairly compared when strategies vary so widely?
- Would you consider Marathon a good company? (the miner)
- It looks as though depreciation was included when calculating Riot’s hashcost, should they then turn their miners off if it’s profitable to mine but the 2-year depreciation schedule is eating into it?
- What are your thoughts on miners a little bit down on the market cap rankings?
- What would you do differently if you were in charge of a mining company?
- If you could design your ideal monthly operational update, what does an apples to apples comparison look like and what metrics are most descriptive of the public miner businesses?
https://twitter.com/econoalchemist/status/1765354527794807261
- From Tyler Stevens: Going into this cycle, what is the most important thing for large public miners to be competitive. Has in changed? https://twitter.com/tylerkstevens/status/1765382891133964432
- From Francis Brosnan: Does he expect the beta from publicly traded miners to outpace Bitcoin price rise as in previous cycles? If so, which miners, and why?
Published on 1 year, 9 months ago