Luxor COO and CPO Ethan Vera and Guzman Pintos join the show to talk about their relaunched data product, Hashrate Index and other trends in mining. In this episode:
- The history of the firm
- Why Luxor created the hashrate index
- How Luxor gathers data on ASIC pricing and creates their time series charts
- ASIC pricing dynamics
- Are sell side analysts correctly pricing ASICs on the balance sheets of public miners?
- Why different efficiencies of miners have traded differently in the last 2 months
- How constraints on rack space affect the demand for older ASICs
- Why so many ASICs can’t leave China
- Is there still residual black market mining in China?
- Kazakhstan’s under-reported mining crackdown
- Are ASIC development cycles slowing?
- Are miners still front-running their clients with prop mining?
- Are Bitcoin miners trying to acquire Bitcoin or do they want to hedge their exposure
- Are derivatives becoming more popular among miners?
- The maturation of the Bitcoin mining derivatives market
- Why prior hashrate derivatives haven’t worked
- Multiple based analysis for public miners
- Why there is a ‘public market arbitrage’ for miners
- Why incentives exist for public miners to be highly acquisitive
- Do miners care about long term fee budget?
Sponsor notes:
- Compass Mining is the world's first and largest online marketplace for bitcoin mining hardware, hosting, and ASIC reselling. Start mining your own bitcoin by visiting compassmining.io
