Deng, Yucheng; Gharieh, Kaveh; Lal, Sameer; Koushik … - 2023
-the-counter (OTC) derivatives and hash rate contracts \cite{Bitooda2020}, \cite{Luxor2022} have emerged as hedging tools for miners … provide practical tools for pricing and hedging BTC mining operations by the following contributions.(1) We introduce the … levering long call option positions.(4) Finally we propose a \textit{Machine Replication} methodology for hedging ASIC machine …