POD256 | Bitcoin Mining News & Analysis POD256
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A weekly Bitcoin podcast focused on mining, energy, and proof-of-work - hosted by Rod @bitkite and Econoalchemist
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044. State of the Network, News, Tangents, Home Miner of the Week
Date: April 18, 2024
State of the Network:
Block Height: 839818
According to our friends at newhedge.io: Bitcoin difficulty is 86.3 Trillion and set to decrease roughly 1.8%% at the conclusion of epoch 416 which should be on Wednesday the 24th
Over at Hashrate Index: https://data.hashrateindex.com/asic-index-data: Miners under 25J/Th are selling for roughly $12.21/Th at the moment, which has been relatively flat since October
Looking at mempool.space: Hashrate is currently estimated to be 629Eh, setting a new ATH going into the halving
Heading over to insights.braiins.com: Hashvalue is currently 160k sats/PH/day and Hashprice is $102/Ph/Day
Days until the Halving: 1 day according to https://www.coinwarz.com/mining/bitcoin/halving
Special Thanks to Barnminer for generously donating a portion of sales from his grass fed beef jerky during the whole month of April. You can support an awesome bitcoiner, get great quality beef jerky, and support POD256 by visiting: https://barnjerky.hashrootsinc.io/
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
Shout out to: “boerst” & “FOSS || GTFO” from Public Pool.“Bitaxewannabejustans17pro”, “dotthedraht”, “bikesandbitcoinhowlongcanthesenamesbeistheguestreallygoingtoreadthiswholethingicantbelieveits”, “reedsminersarenotforprofit”, “bikesandbitcoin”, and “hodl_pins_dot_com_by_yooper_and_son_iykyk” from Lincoin.
News:
Braiins deploying Lightning payouts: https://twitter.com/BraiinsMining/status/1780975851737072085
@skot9000 says, “REJECT MINING CENTRALIZATION”: https://twitter.com/skot9000/status/1780799683830411426
@mononautical claims, “A single custodian now controls the coinbase addresses of at least 9 pools, representing 47% of total hashrate.”: https://twitter.com/mononautical/status/1777686545715089605
@0xB10C’s supporting tweet thread: https://twitter.com/0xB10C/status/1780611768081121700
Home Miner of The Week:
@SoftwarmLLC shows off the install of “one half of a split unit that utilizes a temperature controller to dump heat as required”
https://twitter.com/SoftwarmLLC/status/1780107019254698271
Rod @bitkite on Twitter: https://twitter.com/bitkite
Econoalchemist on Twitter: https://twitter.com/econoalchemist
Rod @bitkite on nostr: npub1atn7mlwt08erz4ap47gef92xfey65a4z9ed9vec53u5kc9v94pusl6h4x3
Econoalchemist on nostr: npub10m6lrv2kaf08a8um0plhj5dj6yqlw7qxzeag6393z352zrs0e5nsr2tff3
Bitcoin Park on Twitter: https://twitter.com/bitcoinpark_
POD256 on Twitter: https://twitter.com/pod256 -
043. Special Guest: skot, Instigator - Bitaxe, State of the Network, News, Tangents, Home Miner of the Week
Date: April 3, 2024
State of the Network:
Block Height: 837580
According to our friends at newhedge.io: Bitcoin difficulty is 83.1 Trillion and set to increase roughly 2% at the conclusion of epoch 415 which should be on April 10th.
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 603Eh on the 14-day moving average, slightly below the all time high of 612Eh on March 19th.
Heading over to insights.braiins.com: Hashvalue is currently 160k sats/Ph/day and Hashprice is roughly $103/Ph/day.
Days until the Halving: 16 days according to https://www.coinwarz.com/mining/bitcoin/halving
Special Thanks to Barnminer for generously donating a portion of sales from his grass fed beef jerky during the whole month of April. You can support an awesome bitcoiner, get great quality beef jerky, and support POD256 by visiting: https://barnjerky.hashrootsinc.io/
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
Shout out to all the miners pointing us hashrate this last week, from Lincoin: “africaone”, “hodl_pins_dot_com_by_yooper_and_son_iykyk”, “pod256.bitaxewannabejustans17pro”, “reedsminersarenotforprofit”, and “bikesandbitcoin”.
And from Public Pool: “FOSS||GTFO”
News:
https://x.com/mononautical/status/1775143932642644194
https://x.com/AdventureDr/status/1775338544632049718
https://x.com/OGBTC/status/1773741227092910492
https://x.com/_drewarmstrong_/status/1775549824374366520
https://x.com/MitchKlee_/status/1775562342597611853
Special Guest: skot, Instigator - Bitaxe:
Skot on Twitter: https://twitter.com/skot9000
Bitaxe website: https://bitaxe.org/
Open Source Miners United on Twitter: https://twitter.com/osmu_global
Home Miner of The Week:
Barnminer (@btctwatterpants) with a review of the @ePICBlockchain UMC V-5 Whatsminer CB provided by @altair_tech
https://x.com/btctwatterpants/status/1774910984873795671
Rod @bitkite on Twitter: https://twitter.com/bitkite
Econoalchemist on Twitter: https://twitter.com/econoalchemist
Rod @bitkite on nostr: npub1atn7mlwt08erz4ap47gef92xfey65a4z9ed9vec53u5kc9v94pusl6h4x3
Econoalchemist on nostr: npub10m6lrv2kaf08a8um0plhj5dj6yqlw7qxzeag6393z352zrs0e5nsr2tff3
Bitcoin Park on Twitter: https://twitter.com/bitcoinpark_
POD256 on Twitter: https://twitter.com/pod256 -
042. No Holds Barred w/ Special Guest: Montana Dukes, CEO - EHT Capital & CCO - SunnySide Digital, State of the Network, Tangents, Home Miner of the Week
Date: March 27, 2024
State of the Network:
Block Height: 836541
According to our friends at newhedge.io: Bitcoin difficulty is 83.9 Trillion and set to decrease roughly 1.5% at the conclusion of epoch 414.
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 594Eh, still slightly below the all time high of 612Eh.
Heading over to insights.braiins.com: Hashvalue is currently 150 sats/TH/day.
Days until the Halving: 23 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
Shout out to: “reedsminersarenotforprofit”, “bikesandbitcoin”, “bitaxewannabejustans17pro”, “hodl_pins_dot_com_by_yooper_and_son_iykyk”, “miningsummit”, and “africaone” for supporting the podcast with their hashrate over the last week.
No Holds Barred w/ Special Guest: Montana Dukes, CEO - EHT Capital & CCO - SunnySide Digital:
Montana Dukes on Twitter: https://twitter.com/btcdukes
SunnySide Digital’s website: https://sunnysideinc.ca/
Home Miner of the Week:
@boerst with an Antminer S19/S21 modded to run on 120V using Pivotal Pleb Tech’s APW12 120V mod:https://twitter.com/boerst/status/1771524371342860477
Rod @bitkite on Twitter: https://twitter.com/bitkite
Econoalchemist on Twitter: https://twitter.com/econoalchemist
Rod @bitkite on nostr: npub1atn7mlwt08erz4ap47gef92xfey65a4z9ed9vec53u5kc9v94pusl6h4x3
Econoalchemist on nostr: npub10m6lrv2kaf08a8um0plhj5dj6yqlw7qxzeag6393z352zrs0e5nsr2tff3
Bitcoin Park on Twitter: https://twitter.com/bitcoinpark_
POD256 on Twitter: https://twitter.com/pod256 -
041. No Holds Barred w/ Special Guest: Zack Bomsta, Founder - Pivotal Pleb Tech & UnBound, State of the Network, Tangents, Home Miner of the Week
Date: March 20, 2024
State of the Network:
Block Height: 835558
According to our friends at newhedge.io: Bitcoin difficulty is 83.9 Trillion and set to decrease roughly 0.3% at the conclusion of epoch 414 which should be on or around March 28th.
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 612Eh, setting a new all time high.
Heading over to insights.braiins.com: Hashvalue is currently 150 sats/TH/day.
Days until the Halving: 29 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
Shout out to: “bikesandbitcoin”, “reedsminersarenotforprofit”, “hodl_pins_dot_com_by_yooper_and_son_iykyk”, “africaone”, and “bitaxewannabejustans17pro” for supporting the podcast with their hashrate over the last week.
No Holds Barred w/ Special Guest: Zack Bomsta, Founder - Pivotal Pleb Tech & UnBound:
Zack Bomsta on Twitter: https://twitter.com/zbomstaz
Pivotal Pleb Tech website: https://pivotalpleb.com/
Pivotal Pleb Tech on Twitter: https://twitter.com/PivotalPlebTech
UnBound on Twitter: https://twitter.com/UnBound256
UnBound prototype heater: https://twitter.com/Electro_Thermal/status/1768004186774335735
Questions from Twitter:
https://twitter.com/econoalchemist/status/1770286422974427543
From SKOT: I heard a rumor you’re making a Loki board that can dynamically control the voltage output of an APW3++? How did you do it? When can I get one? How are you so badass? https://twitter.com/skot9000/status/1770307311816286523
From Tyler Stevens: What does Zack think about the future of mining for heat to decentralize hash rate? Repurposing and modifying industrial hardware is awesome. Plebs are on the forefront here - But how does this scale to a grandmother who just wants cheaper utility bills? Open source firmware seems like a must? Target output temperatures? Open source ASICS? Chips and boards designed for higher operating temperatures…. Curious about his thoughts on fully integrated systems. Off the shelf products to help decentralized hash scale. What steps and development needs to happen, and in what order? https://twitter.com/tylerkstevens/status/1770292573195694180
From likewhoa: Are there voltage requirements to run at this setup? i.e would there have to be some sort of underclocking involved and is it possible to overclock as well? https://twitter.com/likewh1a/status/1770290048333697279
From Ben: Can it be hacked to run on DC power? (I.e. from a Powerwall battery or solar?) https://twitter.com/Lewified/status/1770293247899783485
From James: The concern I would have is the increased current draw as a result of dropping voltage. Unless you are going to severely underclock the boards, current (amps) will double since you are halving the voltage. This means a larger wire gauge is required. At 240V you can use #12 wire. https://twitter.com/Scygone/status/1770292434473218139
Home Miner of the Week:
@Pmaxsd with a beautiful casing protecting 7.2TH of #Flex4Axe mining: https://twitter.com/Pmaxsd/status/1769778093017673903
Rod @bitkite on Twitter: https://twitter.com/bitkite
Econoalchemist on Twitter: https://twitter.com/econoalchemist
Rod @bitkite on nostr: npub1atn7mlwt08erz4ap47gef92xfey65a4z9ed9vec53u5kc9v94pusl6h4x3
Econoalchemist on nostr: npub10m6lrv2kaf08a8um0plhj5dj6yqlw7qxzeag6393z352zrs0e5 -
040. State of the Network, News, Tangents, Home Miner of the Week
Date: March 13, 2024
State of the Network:
Block Height: 834555
According to our friends at newhedge.io: Bitcoin difficulty is 79.3 Trillion and set to increase roughly 5.8% at the conclusion of epoch 413 which should be 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 591Eh on the 14-day Moving Average, setting a new all time high.
Heading over to insights.braiins.com: Hashvalue is currently 160sats/TH/day.
Days until the Halving: 36 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
Shout out to: “bikesandbitcoin”, “reedsminersarenotforprofit”, “hodl_pins_dot_com_by_yooper_and_son_iykyk”, “africaone”, “bitaxewannabejustans17pro”, and “bitaxe_to_the_mooon” for supporting the podcast with their hashrate over the last week.
News:
Reformed Energy, a Waste-to-Energy Company, Secures Strategic Investment from Riot Platforms:
https://www.prnewswire.com/news-releases/reformed-energy-a-waste-to-energy-company-secures-strategic-investment-from-riot-platforms-302085659.html?tc=eml_cleartime
https://x.com/willhash4coins/status/1767568145122828597
Biden’s 30% tax would ‘destroy’ Bitcoin mining in the US, industry says:
https://www.dlnews.com/articles/regulation/bidens-dame-tax-could-destroy-bitcoin-mining-in-us/
Cathedra announces its proposed merger with Kungsleden Inc.:
https://twitter.com/CathedraBitcoin/status/1767613187904450687
Roman Sterlingov - Bad blockchain forensics convict the user of a Bitcoin mixer — as its operator:
https://cointelegraph.com/news/bad-blockchain-forensics-convict-roman-sterlingov
OXT Research Piece on the pseudoscience that led to Sterlingov’s conviction:
https://www.oxtresearch.com/pseudo/
Home Miner of the Week:
@HodlTarantula with 500kW of off-grid mining deployed: https://x.com/HodlTarantula/status/1766625165822046377
Rod @bitkite on Twitter: https://twitter.com/bitkite
Econoalchemist on Twitter: https://twitter.com/econoalchemist
Rod @bitkite on nostr: npub1atn7mlwt08erz4ap47gef92xfey65a4z9ed9vec53u5kc9v94pusl6h4x3
Econoalchemist on nostr: npub10m6lrv2kaf08a8um0plhj5dj6yqlw7qxzeag6393z352zrs0e5nsr2tff3
Bitcoin Park on Twitter: https://twitter.com/bitcoinpark_
POD256 on Twitter: https://twitter.com/pod256 -
039. No Holds Barred w/ Special Guest: pennyether - Bitcoin Mining Co. Analyst, State of the Network, Tangents
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
Shout out to: “bikesandbitcoin”, “reedsminersarenotforprofit”, “hodl_pins_dot_com_by_yooper_and_son_iykyk”, “africaone”, “slap_my_bitaxe_and_tell_me_you_love_me”, “bitaxewannabejustans17pro”, “the_80085_petahash_bitaxe”, “blizzabler”, and “bitaxeswimmingking” for supporting the podcast with their hashrate over the last week.
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/
A few questions from anons:
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?
Questions from Twitter:
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? https://twitter.com/francis_brosnan/status/1765372642318553274
From imgislost: Which public miner stonks do they believe in if they had 1 bitcoin to divest towards?
Home Miner of the Week:
@ClueWant with an array of bitaxe variants https://x.com/ClueWant/status/1765496718294925680
Rod @bitkite on Twitter: https://twitter.com/bitkite
Econoalchemist on Twitter: https://twitter.com/econoalchemist
Rod @bitkite on nostr: npub1atn7mlwt08erz4ap47gef92xfey65a4z9ed9vec53u5kc9v94pusl6h4x3
Econoalchemist on nostr: npub10m6lrv2kaf08a8um0plhj5dj6yqlw7qxzeag6393z352zrs0e5nsr2tff3
Bitcoin Park on Twitter: https://twitter.com/bitcoinpark_
POD256 on Twitter: https://twitter.com/pod256