Perry Hothi

@tylerkstevens @max_guise @protomining Absolutely!

@perryhtee @max_guise @protomining Great meeting you this week, Perry!

10 years from now Proto Rig will still be running. The hashboards will have changed. The firmware will have changed. The world around Bitcoin will have changed. The mission? Still the same. ⛏️ Less waste. Less downtime. More Bitcoin. proto.xyz

Less waste. Less downtime. More Bitcoin. Proto Rig

Bays,Fans,Boards

Large-scale mining isn’t just about deploying next-gen machines; it’s about designing systems that can scale efficiently while minimizing downtime and costs. Some thoughts on modular design and the future of mining: mining.build/blog/the-end-o…

#Bitcoin mining is evolving. Core Scientific and @protomining are defining the next generation of mining technology, hardware, and infrastructure. $CORZ CDO @russellcann and CTO Larry Kom recently took the stage alongside Proto Team at @blocks Solution Architect @perryhtee and @TXblockchain_'s Founder and President @lee_bratcher. You can watch the full @NABSummit panel here: youtube.com/watch?v=m_w9Pj…

Got a chance to discuss the mining landscape with @Core_Scientific and the exciting stuff we are doing at @protomining def worth a listen.

@OGBTC @OneTrueKyyng We became brothers while temporarily incarcerated in Kenya 😉

@OneTrueKyyng @OGBTC lol 50?

@OGBTC 50 lbs ago....

Earlier today at the @NABSummit. @perryhtee (Proto), @russellcann, Larry Kom (@Core_Scientific), and moderator @lee_bratcher (@TXblockchain_) shared game-changing innovations in mining: 🔧 Replaceable hashboards cut downtime. 💰 Modular designs lower long-term costs. 🏗️ Miner chassis become part of the data center. Proto’s hardware meets Core Scientific’s operational expertise. Smarter, sustainable mining is here.

@justh0dl @BeeEvolved @blocks Intel to speed up software and hardware development. Then add Block ASICS for the real magic.

@BeeEvolved @blocks 27 j / th underwhelming tbh

The @blocks MDK looks absolutely amazing and has started arriving at its destination for testing by the Bitcoin hardware development community. Embracing the spirit of open-source collaboration and transparency, this represents the future of #bitcoin mining hardware! Each MDK unit features three hashboards, each equipped with 100 advanced 5-nm BZM2 ASIC chips, and a controller board running custom firmware. The MDK is designed to achieve hash rates of up to 110 terahashes per second, with an energy efficiency range of 27 to 33 joules per terahash.

Here’s what we’ve been up to 3nm ✅ 15 Exahashes ✅ One of the largest Hashrate agreements✅ New upgradable platform ✅ Boom!! @blocks @Core_Scientific @ePICBlockchain mining.build/blog/first-min…

@theMiningPod Couldn’t find something other than his Highschool year book pic @ePICBlockchain

watch more blockspace.media/podcast/the-fu…

Nobody can replicate @BITMAINtech chip design @ePICBlockchain joins @theMiningPod!

@OGBTC What exactly is nonsense? All seems good to me. I’m thinking the guy who helped design PlayStation silicon may know a thing or two. Plus a few mining ASICS. Some I’ve used myself.

@penny_ether Only thing to keep in mind in the mining comparison, $/mw buildout costs for AI infrastructure is a lot higher than it is for mining. Then add in hvac in elec costs.

The case for $CORZ seems rather compelling, and I'm now resoundingly bullish on them. I bought tons of shares this morning between $6 and $6.30, and loaded up on options, which incredibly only have an IV of around 80%. The PR clearly states a 60-90 day window for CW to "further expand its hosting footprint with Core Scientific" and that $CORZ is "continuing discussions with other potential clients regarding additional HPC hosting contracts". The potential upside to the share price without further deals is compelling enough, so I view options at these IVs as a gift. I see this announcement solidifying $CORZ as one of the "picks and shovels" plays for AI, with relatively low risk (12yr contract) and very high potential upside, and I think the market will catch wind of this eventually. They just planted the flag as the goto colo for the hottest AI datacenter company. I think 200MWs is enough capacity for something like $8b in AI hardware. That's a massive vote of confidence. Revenue wise, the numbers will speak for themselves, and I imagine institutions will flock to this one as it gets added to AI baskets, etc. I think they'll hit $8.50/sh in short order. According to my calcs, that'd be around a $3b EV on them, accounting for warrants and all. DYODD on that. A $3b EV.. when their mining operations are already comparable or better than the top 3 pubco miners (which have similar or higher EVs), but they just got gifted a massive reputation-shifting contract. Even not relative to peers, a $3b EV seems easily justifiable on its own merit ($290m/yr of high margin revenue for 12 years, plus a massive low-cost mining operation), and further justifiable when factoring in the option for further sweetheart contracts, in an industry projected to have bottlenecks as demand grows. I think the biggest factors holding them back from widespread investor interest are related to them emerging from bankruptcy, a possibly confusing capital structure, and being a Bitcoin Miner -- which carries the scarlet letter of overpriced FOMO retail garbage. --- Compared to mining, the deal is mind blowing: 200MWs is enough capacity for 57,000 S21s. That's 11.4 EH/s. At $16/TH that'd cost around $182m. $CORZ is getting the equivalent amount of revenue from this set-up.. but more: If you assume BTC jumped overnight to $87,500, and increased proportionally to hashrate for the next 12 years, then it'd be equal revenue. And, they aren't paying $182m for this, they are paying nothing. Basically, for the 200MW's under contract, $CORZ will receive revenue as though they were gifted $182m in S21s (11.4 EH/s), and as though BTC jumped to $87,500 overnight and will increase proportional to hashrate for the next 12 years. From the perspective of $/KWH: $3.5b for 200MWs, across 12 years, comes to $0.166 / KWH. For reference, if you plug in an S21, you'll currently pull in around $0.134 / KWH in revenue. Using an S21, you'd need a hashprice of around $70 to pull in $0.166 / KWH in revenue. At 600 EH/s and 30 BTC/day in tx-fees, that equates to around BTC being $87,500. At 1,000 EH/s (probably sometime next year) that's BTC at $145,000. The only thing is they miss out on potential exposure to transaction fees rallying, or further upside to BTC. They have zero downside risk to the opposite. Damn good deal. I'd take that deal.

@OGBTC Turbo on wrong side for SR or CA? Not KA. What engine?

@theBTCMiningGuy @penny_ether Each 20K gate SHA pipeline does one round of SHA operation. You need to do 124 rounds to do a hash. So, it is not 100K pipelines, it is 1008 pipelines. If they operate at 1GHz (which they don't), ASIC hashrate will be ~1TH/s

@penny_ether @perryhtee

Anyone do ASIC design? Why do mining ASICs only operate on the order of TH/s? Back of the envelope: 1) SHA256(SHA256(x)) might take, what, 20,000 gates? 2) A single chip can contain around 10 billion transistors 3) That's enough for 500,000 pipelines... but let's go with 100,000 just to be safe. 4) 100,000 hashes per clock, at 1 GHz, and that's 100 TH/s per chip. 5) An S21 has 308 chips. I'm 100% positive I'm wrong somewhere. I know very little about this and would love to hear about the complexities.

Hits right in the feels

@OGBTC Not symmetrical? Boo