Jesse welcomes back Nico Smid, for a comprehensive look at the first quarter of 2024's mining metrics, including hash rate trends, ASIC market updates, and the profitability of mining operations. Nico provides a detailed analysis of the latest ASIC models, the hash price, and the implications of the upcoming Bitcoin halving on the mining landscape.

00:00:00 - Introduction and Guest Welcome
00:00:11 - Discussing Paraguay's Mining Metrics
00:00:56 - Nico's Reporting Methodology
00:01:12 - Paraguay's Mining Industry Concerns
00:01:47 - Nico's Background and Paraguay Insights
00:02:18 - Paraguay as a Mining Hub
00:04:00 - Power Contracts and Mining in Paraguay
00:04:53 - Itaipu Dam's Role in Paraguay's Mining
00:06:20 - Political Leverage and Bitcoin Mining
00:07:26 - The Start of Mining in Paraguay
00:07:48 - Ande and Clifsa's Role in Mining
00:09:15 - Illegal Mining Activities in Paraguay
00:10:18 - The Impact of Illegal Mining on Legislation
00:11:13 - Ande's Reliability and Corruption Issues
00:12:09 - The Political Landscape in Paraguay
00:13:51 - Paraguay's Economic Impact from Mining
00:14:45 - Revenue from Mining and Import Taxes
00:15:20 - Import Tax on ASICs and Customs Challenges
00:17:54 - Negotiating with Customs and Importing ASICs
00:18:23 - Getting Miners Out of Paraguay
00:19:29 - Major Players in Paraguay's Mining Industry
00:20:32 - Setting Up Mining Operations in Paraguay
00:22:55 - The Future of Mining in Paraguay
00:23:14 - Paperwork for Imported Miners
00:24:49 - Political Influence of Large Mining Players
00:25:38 - The Future of Mining Legislation in Paraguay
00:26:18 - Ethiopia as an Alternative Mining Destination
00:27:31 - Mining Developments in Brazil and Argentina
00:29:54 - Q1 Mining Metrics Overview
00:30:30 - Significance of Q1 Developments
00:31:12 - Bitcoin Price Performance in Q1
00:32:22 - Bitcoin's Market Cap Milestones
00:33:05 - Bitcoin vs Other Assets in Q1
00:34:12 - ETFs and Bitcoin Holdings
00:36:09 - BlackRock's Rapid Bitcoin Accumulation
00:37:20 - Tether's Bitcoin Holdings and Mining Investments
00:39:08 - Network Hash Rate Growth in Q1
00:40:11 - Network Efficiency and ASIC Deployment
00:41:22 - Major Mining Headlines in Q1
00:42:16 - Bitcoin Mining Difficulty Adjustments
00:42:55 - Hash Value and Hash Price Trends
00:44:07 - Transaction Fees and Miner Revenue
00:45:11 - ASIC Market and Price Trends
00:46:00 - ASIC Market Headlines and Efficiency Evolution
00:47:54 - ASIC Prices vs. Bitcoin Price
00:49:06 - Transaction Fees and Mempool Clearance
00:50:14 - Transaction Fees as a Percentage of Block Reward
00:51:16 - Daily Miner Revenue Records
00:52:23 - ASIC Market Developments and Expectations
00:53:58 - Comparing ASIC Purchasing Power

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