THE MINING POD: Bitcoin Mining’s Q1 Numbers With Parker Merritt

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 16 April 2024

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A lot happened in Q1! Catch up on all the top-of-the-line Bitcoin metrics with Parker Merritt of Coin Metrics. Follow along on your favorite podcast player of choice by clicking here. Parker Merritt from Coinmetrics and Will Foxley discuss key metrics, trends, and insights. Topics include mining pools, hash rate, transaction fees, hardware fingerprinting, energy consumption, miner efficiency, and the performance of publicly traded mining stocks. Chapter Markers: 00:00:00 Start 00:01:45 Foreman ad 00:02:28 Sponsor message 00:02:52 Introductions 00:03:50 Bitcoin Halving update 00:05:12 Bitcoin Cash price surge 00:09:08 Bitcoin Cash mining revenue 00:11:23 Bitcoin Cash blockchain growth 00:13:41 Big blocks in Bitcoin 00:17:35 Mining pool distribution 00:20:40 Mining pool payout analysis 00:25:53 ASIC breakeven power costs 00:28:50 ASIC fingerprinting methodology 00:34:20 Bitcoin energy consumption 00:35:58 Mining & grid load balancing 00:38:50 Average network efficiency 00:41:52 CleanSpark's on-chain data 00:45:53 Miner market cap dominance 00:49:01 Miner stocks vs. Bitcoin in 2024 Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 👉 Check out our other shows and content by going to Blockspace.media today. 👉 Join our Bitcoin Halving party in Denver, Colorado on April 20th! 👉 Watch our newest documentary, The Big Empty! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! - "The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9	Wondery UK. That's audible.com slash Wondery UK.
0:49.4	Hey, welcome back to the mining pod. On today's show, we're joined by Parker Merit of
0:53.1	coin metrics to go through Q1 Bitcoin mining numbers.
0:57.0	This is honestly one of my favorite content portions of the show that we do every quarter. We bring on Parker discuss different metrics in the Bitcoin mining game that should matter to Bitcoin miners.
1:06.5	So whether you're a retail investment holder of a different PubCo or you're a Bitcoin
1:11.1	miner itself, these are numbers and metrics you should know if you care about the Bitcoin
1:15.6	Mining Network.
1:16.9	Thank you to Parker Merit and Coin Metrics for joining the show.
1:19.7	You can find everything to do with the show in the show notes per normal.
1:25.0	Before we get into the show, we want to thank Foreman Mining, Master Your Mining,
1:28.3	and Clean Spark, America's Bitcoin Miner, for being sponsors of the show. You'll hear a little bit
1:32.7	more from each of these sponsors during the episode. Okay, we're only about a week away from
1:38.2	the Bitcoin happening on April 20th. So if you want to enjoy the happening event with other
	...

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