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Owned by Colby

Full-time Bitcoin miners ⛏️ teaching you ways to build, run, and scale a mining business. Free curriculum, live calls, and operator-level insight.

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84 contributions to BITCOIN Proof of Workshop πŸ”₯ β‚Ώ
Mining Monday: Hash Highlight! πŸ”₯
Happy Monday Miners. ⛏️ Bitcoin's ~50% off the ATH and hashprice is retesting lows. Today we cover: - Inefficient operators are still unplugging as Hashprice is back near $28/PH. - S21 XPs @ 7Β’/kWh are still producing BTC under spot. - Boomer ETFs bled ~$5.8B; avg cost basis (~$83K) now underwater! - Difficulty adjustment (est. June 14) currently tracking ~βˆ’10%. A pay raise for everyone still hashing. Paper hands are exiting. Efficient miners are still stacking at a discount. πŸ‘‡ Any questions regarding the current market conditions miners are facing? *7Β’/kWh assumes a competitive hosting rate. Numbers subject to change. Not financial advice.
Mining Monday: Hash Highlight! πŸ”₯
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@Jasmin Noe last man standing rn
0 likes β€’ 4d
No hashy hour today. Let’s do one next month!
Emergency Midweek: Hash Highlight! πŸ”₯
Here is your weekly update covering key mining metrics alongside our commentary on what the numbers mean for Bitcoin miners. This episode breaks down the Saylor sale that spooked the market. Strategy sold 32 BTC out of 843,706 but BTC still crashed below $67K. Meanwhile ETFs dumped 20,578 BTC over 7 days, 6x more than miners produced. πŸ‘‡ Drop your thoughts in the comments.
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New interview: Anthony Power on why public miners are abandoning Bitcoin
Colby sat down with Anthony Power [Power Analysis] at AIM Summit, London. Anthony is a Chartered Management Accountant with a 40 year career in senior finance roles in the Armed Forces (Army). He has spent the last 6 years focused on public mining equities and has been through every public miner's books. No public miner has turned a true profit since the current strategy began. Not one. We touched on the HPC pivot, the gross margin shell game, and why private operators still have an edge public companies can't match. A few highlights: πŸ”₯ IREN: 6 EH/s to 50 EH/s - then pulled 14 EH/s offline for HPC. πŸ”₯ Bitdeer: 87.5 EH/s. One company. ~10% of global hashrate. πŸ”₯ Strategy bought 25,000 BTC in a single week. πŸ”₯ The "100% net operating income" HPC contracts have penalty structures buried in them. πŸ”₯ Why Anthony is critical of public miners but NOT private operators. Are you seeing the opportunity for smaller miners?
New interview: Anthony Power on why public miners are abandoning Bitcoin
0 likes β€’ 17d
Anthony is a wealth of knowledge πŸͺŽβœ¨
Homework: Read Bitcoin White Paper πŸ“
Weekend homework is to read Satoshi’s original White Paper πŸ“ It should only take you about 15 minutes https://bitcoin.org/bitcoin.pdf
Homework: Read Bitcoin White Paper πŸ“
0 likes β€’ May 2
@Alan Soko such good questions 🎯🎯🎯 will meditate on Mount Satoshi and come back with answers for you in the Bitcoin Fundamentals curriculum dropping soon
0 likes β€’ May 2
@Alan Soko Hash β€” Cryptographic function that timestamps transactions into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the work. CPU β€” Processing power used by network nodes to perform the computational work required for proof-of-work and securing the network. The computer power has since evolved from basic CPU > GPU > now all mining is done with specialized silicone ASICs which are orders of magnitude more efficient Nodes β€” Computers running Bitcoin software that maintain copies of the blockchain, validate transactions, and reach consensus on the longest chain. Coin β€” A Bitcoin (or satoshi). Treated as a chain of digital signatures where each transaction proves ownership. Public/Private Keys β€” Digital signatures enabling peer-to-peer transactions. Public key = address others send to. Private key = proof of ownership and authorization to spend. Honest Chain β€” The longest chain of valid blocks built by nodes following protocol rules. The network accepts this as authoritative history. Binomial Random Walk β€” Probability model analyzing attack scenarios. Models the race between an attacker catching up to the honest chain versus honest miners extending it. Probability of catch-up decreases exponentially if the attacker falls behind. I’ll break these down in more detail across the modules.
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@colbynoe
I mine Bitcoin full time and teach others to do the same ⛏️πŸ”₯ Real operations. Real business. Real wealth. Join POW free πŸ“ˆβ¬‡οΈ

Active 15h ago
Joined Mar 15, 2024
USA πŸ‡ΊπŸ‡Έ
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