Tag: hashrate
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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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The Long Boys
No one is longer than miners. The Great Mining Ban in China, the Exodus of Hashrate to North America, Next Generation ASICs, Liquid + Immersion Tech, Pub Co.’s leveraged expansion… this is remarkable. As a small scale miner, you don’t have a lot of things in your control. Really the only thing you can secure…
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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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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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Stack Sats, Not Hash… For Now
Over the past couple of weeks, several friends have asked me about buying an ASIC. They have been casually watching the markets and are seeing the price of machines begin to fall. Typically, ASIC prices lag behind BTC price adjustments by 3-4 weeks, especially when the price falls. When prices rise, ASIC distributors are much…