039. No Holds Barred w/ Special Guest: pennyether - Bitcoin Mining Co. Analyst, State of the Network, Tangents

Date: March 6, 2024State of the Network: Block Height: 833445According 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/halvingStream 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:3333Then use "pod256.YourAlias" as the worker nameShout 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. Analystpennyether on Twitter: https://twitter.com/penny_etherSmoking 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/1765354527794807261From 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/1765382891133964432From 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/1765372642318553274From 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/1765496718294925680Rod @bitkite on Twitter: https://twitter.com/bitkiteEconoalchemist on Twitter: https://twitter.com/econoalchemistRod @bitkite on nostr: npub1atn7mlwt08erz4ap47gef92xfey65a4z9ed9vec53u5kc9v94pusl6h4x3Econoalchemist on nostr: npub10m6lrv2kaf08a8um0plhj5dj6yqlw7qxzeag6393z352zrs0e5nsr2tff3Bitcoin Park on Twitter: https://twitter.com/bitcoinpark_POD256 on Twitter: https://twitter.com/pod256