Leo Zhang is back with another incredible piece diving into the anatomy of hashpower. In this piece, Leo explains why miners should view hashpower as a dynamic portfolio that needs to be managed responsibly. I highly recommend you freaks check it out when you get a chance. Especially if you want to get a better understanding of the dynamics at play within the mining industry.
There are many factors to take into consideration when building a mining operation. The chaotic dance between the bitcoin price, hash rate, power production costs and the hardware market dictates that miners who wish to remain in business deploy a robust risk management strategy. Your Uncle Marty hasn't come across another individual who has articulated the dynamics of this chaotic dance and how it affects individual miner profitability as well as Leo has been doing throughout his series. Yesterday's piece is the best one to date. Here's our coverage of the series as it has been released.
[shameless shill(s) ahead]
While we're on the topic of mining, I'm very excited to share something we've been working on at Great American Mining the last few weeks, a Gas-to-Hash calculator. This is a tool that Oil & Gas producers can use to calculate the amount of money they can make if they used their natural gas to mine bitcoin. Check it out if you're in the industry and curious about the opportunity.
For those too lazy to check out the calculator, Austin Storms, our Director of Product and Engineering, highlights how profitable mining with stranded, wasted, and/or undervalued gas can be.
While I'm shilling here, I might as well also shill the episode of TFTC I dropped this morning with the Podfather himself, Adam Curry. This was a surreal experience for me. Talking to the man who created podcasting about revolutionizing podcasting by integrating a value to value model enabled by microtransactions and streamed payments on the Lightning Network was pretty cool.
The future is bright (orange)!
Adrenaline is pumping right now.