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Podcast: On The Brink with Castle Island
Episode: Karim Helmy and Brandon Bailey (Galaxy Digital) on Standardizing Miner Accounting
Description: Galaxy Digital Mining Associate Brandon Bailey and Research Associate Karim Helmy join the show to cover a new accounting methodology for Bitcoin miners. In this episode:Â Galaxy's new miner margins accounting methodology Brandon and Karim origin stories in mining How the randomness-based miner fingerprinting works How Karim thinks about miner depreciation schedules Why the Bitcoin e-waste paper understates the expected lifetime of Bitcoin ASICs S9s are still a quarter of the Bitcoin network Why Karim and Brandon created the new accounting framework The differences between marginal, direct, and total cost of production for BTC miners Does the s...