Marty's Ƀent - April 20th, 2021 - Issue #974

Tuesday, April 20th 2021 - Issue #974

Miner profitability modeling

Leo Zhang and Jack Koehler of Anicca Research are back with Part II of their The Intelligent Bitcoin Miner series. For this installment the two have teamed up with Karim Helmy from Galaxy Digital to produce a model that can help miners, and interested observers, attempt to illustrate different potential profitability scenarios. Their open-source model takes miner model, initial investment, and electricity costs and runs them through different bitcoin price and hashrate scenarios for two inventory management strategies; mine and sell every sat, and mine and sell enough sats to cover operation expenses.

If you're interested in learning more about the variables that go into running a mining operation and, more importantly, how to run an operation as profitably as possible, I highly recommend you check out this piece. As the trio explains in the article, these models are just that, models. They are forward looking and not indicative of what will play out, but they can certainly help miners develop strategies to reduce balance sheet risks as they continue to mine.

With that being said, if you want to get an idea of the different revenue scenarios that could play out during a bull market, during a relatively flat market, and during a bear market with different mining models and electricity costs, this piece has some very intriguing models. 

I've said it once, but I'll say it again, Leo and the Anicca research team are putting out some of the highest quality content in the mining space.  
  

Final thought...

Been significantly stepping my walking game up during the day. Need to walk more.
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
Tweet
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.

Copyright © 2020  TFTC.io, LLC  All rights reserved. 

Want to change how you receive these emails?
You can update your preferences or Ƀent Over!
 

Older messages

Marty's Ƀent - April 19th, 2021 - Issue #973

Monday, April 19, 2021

Monday, April 19th 2021 - Issue #973 Hashrate shock Late last week, the Bitcoin network experienced a hashrate shock as a number of coal plants were abruptly shutdown in Xinjiang province in China

Marty's Ƀent - April 14th, 2021 - Issue #971

Monday, April 19, 2021

Wednesday, April 14th 2021 - Issue #971 It's all about the energy, stupid Throughout the years, we've spent a lot of time debunking energy FUD around bitcoin mining. Particularly around the

The Sat Standard - Bitcoin Weekly - April 17 2021

Monday, April 19, 2021

This week in bitcoin. Straight to the point. No bullshit. Every Saturday. View this email in your browser The Sat Standard This week in bitcoin. Straight to the point. No bullshit. Every Saturday.

Marty's Ƀent - April 13th, 2021 - Issue #970

Tuesday, April 13, 2021

Tuesday, April 13th 2021 - Issue #970 Bitcoin has cracked the Top 10 in terms of M1 It's a good Tuesday, freaks. We woke up to a new all time high in price, which is always a cool thing to see.

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

Tuesday, April 13, 2021

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

You Might Also Like

WuBlockchain Weekly: KuCoin Faces U.S. Lawsuit, OKX Prioritizes Compliance Department as Top, SBF Sentenced to 25 …

Friday, March 29, 2024

1. BlackRock CEO: Launching Ethereum ETF Remains Feasible Even If Ethereum Is Deemed a Security link Larry Fink, the CEO of BlackRock, expressed in an interview with Fox Business that even if the

Ethereum's Layer 2 – Post Dencun | Layer 2 Review

Thursday, March 28, 2024

Quick Reads and Hot Links Covering the People and Projects Who Are Scaling Ethereum ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Former FTX CEO Sam Bankman-Fried sentenced to 25 years in landmark fraud case

Thursday, March 28, 2024

SBF had requested leniency of around 5 years jail time, while the prosection requested 10 times that. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

NFT & Blockchain Gaming Weekly - 📉Broad NFT Market Downtrend Over The Past Week

Thursday, March 28, 2024

Broad NFT market downtrend over the past 7 days. Azuki launches 'AnimeChain' on Arbitrum. Munchables, another game on Blast, is exploited. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Reminder: Ethereum Foundation In Hot Water As Government Authorities Initiate Investigation

Wednesday, March 27, 2024

We bring you the top stories in crypto every week! Stories like... Monday March 25, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR Ethereum Foundation In Hot Water As Government Authorities

Coinbase shares dip as court sides with SEC in ongoing legal battle

Wednesday, March 27, 2024

Coinbase said it is prepared for the SEC lawsuit after court allowed the case to move forward. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

DeFi & L1L2 Weekly – 📈 Cronos Titan Upgrade Is Live; DEX Volume Surges

Wednesday, March 27, 2024

Transactions spike as fees drop in Ethereum L2s post Dencun. Fidelity adds staking to Ether ETF application. Arbitrum rolls out Atlas upgrade, with additional fee reductions and more. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

DeFi & L1L2 Weekly – 📈 Cronos Titan Upgrade Is Live; DEX Volume Surges

Wednesday, March 27, 2024

Cronos Titan Upgrade is now live. DEX volume on all chains surges, with Solana and Avalanche emerging as top performers. BlackRock launches BUIDL tokenised asset fund on Ethereum. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

KuCoin assures users funds are safe after US levies criminal charges

Tuesday, March 26, 2024

The indictment accuses KuCoin and its founders of bypassing the Bank Secrecy Act and operating an unlicensed money-transmitting business. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

State of the Network’s Q1 2024 Mining Data Special

Tuesday, March 26, 2024

Our quarterly update on Bitcoin mining, zeroing in on recovering revenues, public miner strategies, and increased energy usage ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏