#246: The Intelligent Bitcoin Miner, mining profitability models, and hashrate derivatives with Karim Helmy

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8 • 764 Ratings

🗓️ 28 April 2021

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Join Marty as he sits down with Karim Helmy from Galaxy Digital to discuss:

- The Intelligent Bitcoin Miner Pt. II

- Modeling future price and profitability

- Helping miners make better business decisions

- The ASIC crunch

- Future research topics

- much more

Follow Karim on Twitter

Check out The Intelligent Bitcoin Miner Pt. II

Shoutout to this week's sponsors.

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Braiins. Braiins are leaders in the mining industry; running Slush Pool, creating firmware to make miners more profitable (Braiins OS+), and building out Stratum V2 to help further decentralize mining and make Bitcoin more robust. Check out their mining profitability calculator.

Transcript

Click on a timestamp to play from that location

0:00.0	So freaks, it's your boy, Marty Ben, here to introduce this episode of Tales from the Crypt.
0:04.6	I sat back down with Cream Helmy, now at Galaxy Digital on their research team.
0:09.5	Him and Alex Thorne, two-man show there.
0:12.1	Looking for help if you're a researcher.
0:14.0	You can reach out to him.
0:14.9	He shells it plenty in this episode, but I brought him on because he wrote a piece with Leo
0:19.2	and Jack Kohler from the Nietzsche research team.
0:22.8	Last week called the Intelligent Bitcoin Miner Part 2 in which they put forth a model that miners could use to help plan out operations based on future potential price movements and hash rate movements.
0:39.0	Really interesting model.
0:40.1	We talk about more things beyond that.
0:43.6	I think you guys are really going to like it.
0:45.0	It's brought to you by our good friends.
0:45.9	That the motherfucking hash.
0:49.2	Hash app.
0:51.3	The cash app is here to help you stack sets.
0:54.0	Stack sets and sets, sets, self-sats, if you so please.
0:56.8	And you can receive sats too.
0:57.9	We're saying sats, sats, sats, sats.
1:00.6	Because sats are the standard.
1:02.8	Got to defeat that unit bias.
1:04.1	It's strong out there, freaks.
1:05.4	There's 100 million sats in one Bitcoin.
	...

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