Lightning Hood [₿ 🔑∎]

#Bitcoin

[Lightning Hood [₿ 🔑∎] @lightning_hood]

We are excited to announce our commitment to contribute our Resource Building Efforts to https://t.co/nailfAMHXJ via GitHub.

@BitcoinOnly_ and @6102bitcoin have done great with releasing the website for open source contributions.

[Curly60e ⛏️⛓️🐝 BIP110 @curly60e]

https://t.co/QnCrTNAwXY

[Brandon Bailey @bitcoinbeezy]

Not in my blockspace is the new not in my backyard

[Brandon Bailey @bitcoinbeezy]

Today we dropped our long awaited end of year report! Lots of amazing work from the team @SimritDhinsa @GuerillaV2 some in-depth twitter threads on certain topics to follow soon! In the interim check out the report here https://t.co/zXzsPlbTt4

[Brandon Bailey @bitcoinbeezy]

1.) #Bitcoin even in the networks infancy settles nearly 2x the amount to value as ATMs per kWh consumed and this only accounts for onchain value settlement not even activity from layer 2s like Lightning ⚡️. Read below I’ll walk you through the math 👇

[Brandon Bailey @bitcoinbeezy]

1.) The primary limitation to the BTC mined per EH metric is that it does not account for miners whose strategy includes curtailing power. Here’s a way to try to account for that. 👇

[Brandon Bailey @bitcoinbeezy]

If Riot had mined for the entire month instead of selling power back to the grid they would have mined ~580 BTC. By selling power back to the grid they earned an additional 177 BTC worth of value. That’s 30% more revenue! I don’t think people fully appreciate the strategy here.

[Brandon Bailey @bitcoinbeezy]

S9’s marginal cost of production is at about breakeven right now with 5 cent per kWh cost of power. I think we’re pretty close to seeing S9’s start to shut off.

[Brandon Bailey @bitcoinbeezy]

@austorms and I worked on a mini research analysis to create a time series of the breakeven $/MWh of various ASICs. Evaluating mining breakevens through the lens of $/MWh allows traditional energy players to better contextualize the opportunity that #bitcoin mining presents.

[Brandon Bailey @bitcoinbeezy]

Bitcoin miners aren’t trading based on fundamentals or execution, which is creating some really attractive relative value trade opportunities and it doesn’t take a lot of work to see what the obvious opportunities are.

[Brandon Bailey @bitcoinbeezy]

1/ Businesses built on top of bitcoin’s lightning network will serve as downstream producers of bitcoin miners upstream production.

[Brandon Bailey @bitcoinbeezy]

Based on what I could gather from filings and press releases there was a total of $866M of capital markets activity from bitcoin miners in Q1 22. $241M of equity and $624M of debt. Interestingly, Compute North’s raise of $385M accounts for ~45% of the total capital raised in Q1.

[Brandon Bailey @bitcoinbeezy]

Bitcoin miners earned a total of $3.48Bn of revenue in Q1 of 2022 down 18% compared to Q1 of 2021 where miners earned $4.23Bn of revenue. Network hashrate grew ~14.7% in Q1 of 2022 compared to ~17.1% in Q1 of 2021 and bitcoins price averaged $41,299 compared to $45,301 in Q1 2021

[Brandon Bailey @bitcoinbeezy]

With Taro you could potentially have CBDCs built on-top of bitcoin and use lightning as the rails. Asset / token issuance on lightning opens the doors for some pretty interesting applications, but more importantly could be the catalyst to bootstrap the fee market on lightning.

[Brandon Bailey @bitcoinbeezy]

If you’re willing to put in the work, the ⚡️lightning network can present compelling ways to generate a solid bitcoin on bitcoin return without taking counter-party risk. The fact that yield potential isn’t fixed means there’s competition and opportunity for differentiation.

[Desiree Dickerson @dickerson_des]

1/ Some personal news: I am joining @THNDRGAMES as co-founder and CEO! 🎮

Bitcoin will revolutionize gaming and I'm excited to be a part of making that happen.


I believe the metaverse will be mobile. Gaming will be ubiquitous. And play will be fueled by #bitcoin. LFG!

[TheRustyTwit @rusty_twit]

I am hiring for our extraordinary #clightning team at Blockstream! https://t.co/sxyDQZtQ3Y

We work and learn together: Lightning offers something new to the world and I can't see it all. We need more different viewpoints to help steer our efforts. Plus it's fun! Consider?

[Brandon Bailey @bitcoinbeezy]

Excited to announce I’ve accepted an offer to join Galaxy Digital’s #Bitcoin mining team! I couldn’t be more thrilled!

[Brandon Bailey @bitcoinbeezy]

All the metrics you could want in one table for all the most popular #bitcoin ASICS. Assumes 6 cent electricity cost and 33 cent revenue per TH.

[Lightning Hood [₿ 🔑∎] @lightning_hood]

Really cool game idea. @MartyBent @Excellion @BitcoinBroski

[Brandon Bailey @bitcoinbeezy]

Game idea I think would be cool. A factorio style game where the point is to build and scale out the largest bitcoin mining operation. As you play the game you’ll want to invest in r&d that’ll allow you to build more efficient ASICS and reduce electricity cost.

[Brandon Bailey @bitcoinbeezy]

Game idea I think would be cool. A factorio style game where the point is to build and scale out the largest bitcoin mining operation. As you play the game you’ll want to invest in r&d that’ll allow you to build more efficient ASICS and reduce electricity cost.