Tag: hashprice
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Expanding Hashpro(phet)
Over the weekend, I expanded my research on Hashpro(phet). While the line charts are informative, I wanted a comprehensive view of hashprofit in a large table format to identify potential risks in hashrate and price. To achieve this, I used the same S19j Pro 96t machine and created a table showing hashprofit versus hashrate and…
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Hashpro(phet)
Post-halving mining has been extremely challenging for many of us small-scale miners. Many have shut down their machines to weather the storm, hoping that BTCUSD will rise and drive up the hash price. However, things look bleak as we are in peak summer, with no signs of a significant hash price increase. We are left…
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Mining In This Epoch
It has been an insane epoch for Bitcoin mining. We saw a revolution in ASIC efficiency, new entrants in hardware, the Great Hashrate migration and Chinese Exodus, liquid/immersion technology became a thing, firmware maturity, mining farm management software, new pools, nation-states hashing, Pubco’s rage, and so much more. The Hashprice and Hashrate chart is one…
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Hash Recon
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This article was originally published in The Primary Issue of Bitcoin Magazine. We’re less than 30,000 blocks out from the halvening and the table stakes couldn’t be higher. For many Bitcoin mining operators, this will make or break the bets they’ve made during this bitcoin epoch. Did I grow too fast? Can I handle a catastrophic drop…
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The Pursuit Of Satsflow
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This article was originally published in The Withdrawal Issue of Bitcoin Magazine. This article is written as of block height 789,088, using a BTC price of $30,000, and $0.065 kWh for the modeling. The number one question everyone inevitably asks themselves is: How could I possibly outperform bitcoin? You will not find a single answer,…
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The Complex Dynamics of Bitcoin Hash Rate and Price
Bitcoin has recently experienced a surge in its hash rate, reaching a new all-time high (ATH) with an astonishing 500% increase since 2021. Interestingly, the price of Bitcoin remains down by 50%, challenging the conventional belief that the price follows the hash rate. This essay aims to explore the intricate relationship between hash rate and…
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Demystifying Hashprice
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This article was originally published in The Gatekeepers Issue of Bitcoin Magazine. “There’s things you know, and there’s things you don’t know, and there’s things you know you don’t know, and there’s things you don’t know you don’t know” – Socrates The most important bitcoin metric you don’t know or understand is hashprice and today…
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The Firmware Triangle
2022 was a great year of humbling for bitcoin miners of all sizes. We saw industrial-scale miners go belly up and get bailed out, while (we) small-scale miners stood in the trenches seeking efficiency wherever it could be found, even if that meant radically reducing hashrate. This short article shows a small window in market…
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Moving The Needle On Hashprice
Since no one is making money mining right now (speaking for myself) let’s run some numbers. Hash Price is all the rage right now (in a masochistic way) so what change in BTCUSD is needed to move the needle? First definitions: TH: terahash, the hashing unit on modern asics Network Hashrate: I am using 24hour…