Monday, April 12th 2021 - Issue #969

Another great bitcoin mining explainer

Sup, freaks? Been a long day for your Uncle Marty as he has finally developed the testicle fortitude to get his family, which consists of a 14-month old mini me, on a cross country flight to make the pilgrimage to Austin, Texas. I hear there's a bit of a Bitcoin scene down here. Very excited to check it out.

With that being said, I am pretty washed and want to use lean on someone who wrote a quality piece of content recently so I don't have to force sleep deprived thoughts on you all. AJ Scalia, a Bitcoin mining analyst at Galaxy Digital, wrote an incredible piece on Bitcoin mining over the weekend that I highly recommend you freaks check out if you're interested in learning more about the mining landscape, the different variables that come into play within the mining industry, and how to compare bitcoin to traditional commodities markets. This is a very good piece to compliment Leo Zhang's The Alchemy of Hashpower.

Mining gets a lot of shit in the mainstream for "boiling the oceans", which you freaks know is complete hogwash and a low-effort, low IQ critique thrown at the industry. At the end of the day, Bitcoin's Proof of Work mechanism with a difficulty adjustment that secures the scarcest asset to ever grace the planet is one of the most elegant inventions in human history. Understanding the dynamics at play within the industry that is taking this breakthrough invention and running with it is imperative for anyone who wants to be ahead of the curve. AJ has blessed you all with some content that will help you get there. Peep it.

Final thought...

Zoom doesn't work at 40,000 feet. Lesson learned.

Looking to buy bitcoin with ease? Download the Cash App, use the code "stackingsats", get $10 and Cash App will send $10 to our friends at OWLS Lacrosse.

If you'd like to set up a one-on-one chat to learn more about Bitcoin I offer consulting services for an hourly fee. Please feel free to respond to this email if you're interested.

Share

Forward

Hope you enjoyed today's issue. If you have any friends that are looking to find out more about Bitcoin have them sign up for this newsletter here:

Get Ƀent

Ƀent noun 1. direction taken, as by one's interests; inclination.

Thanks for reading Marty's Ƀent, a daily newsletter containing all the information I found interesting in the Bitcoin world in the last 24 hours.

Marty's Ƀent - April 12th, 2021 - Issue #969

Another great bitcoin mining explainer

Older messages

The Sat Standard - Bitcoin Weekly - April 10 2021

Marty's Ƀent - April 9th, 2021 - Issue #968

Marty's Ƀent - April 8th, 2021 - Issue #967

Marty's Ƀent - April 7th, 2021 - Issue #966

Marty's Ƀent - April 6th, 2021 - Issue #965

You Might Also Like

OP's Superchain Vision | Layer 2 Review

Investor exodus from Bitcoin ETFs as BlackRock and Fidelity see significant outflows

Raise your onchain score

NFT & Blockchain Gaming Weekly - 📈 Runes Dominated BTC Transactions Post-Halving

WuBlockchain Weekly: SEC Expected to Reject Ethereum Spot ETF, ConsenSys Sues SEC, CZ trial is approaching and Top…

Your bi-weekly crypto insights 📊

BlackRock’s historic 71-day streak ends as IBIT Bitcoin ETF sees zero inflows

Your Last Chance to Make BANK on Crypto

Inside Parcl: Trade Real Estate Like Never Before?

Reminder: The 2024 Bitcoin Halving Has Successfully Been Completed