Freedom technology maximalism. Running: Orange Label, Beefcoin, Hood Mining, Words, Guns.Team.
Publisher at Bitcoin Magazine.

Tag: mining

  • Hashcost Table

    Hashcost Table

    Here’s the thing about Bitcoin mining: it’s a game of margins. The Hashcost Table is a secret weapon in navigating profitability. By breaking down the daily cost of Bitcoin mining into two critical factors—electricity prices and ASIC efficiency—you can pinpoint your exact costs with precision. If you are not running these numbers BEFORE you buy…

  • Expanding Hashpro(phet)

    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…

  • Hashpro(phet)

    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…

  • Pick Your Poisson

    Pick Your Poisson

    This article was originally published at Bitcoin Magazine in The Halving Issue. Calculated probabilities were calculated by Greg @ learnmeabitcoin.com Block 840,000 is not just another block in the blockchain; it triggers the Bitcoin halving where the block reward is reduced from 6.25 BTC to 3.125 BTC, cutting the amount of BTC mined each day…

  • The Blocks Tell A Story

    The Blocks Tell A Story

    As I write this, we are 605 blocks away from the next Bitcoin Halving. This epoch has been tumultuous, marked by the COVID-19 pandemic, economic stimulus checks, mandatory vaccinations, the Russia-Ukraine conflict, a shift in Chinese mining operations, and a record-setting Bitcoin price. Through it all, Bitcoin has continued to operate as designed. In my…

  • Mining In This Epoch

    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…

  • The Long Boys

    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…

  • Hash Recon

    Hash Recon

    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…

  • The Pursuit Of Satsflow

    The Pursuit Of Satsflow

    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,…

  • The Complex Dynamics of Bitcoin Hash Rate and Price

    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…

  • Demystifying Hashprice

    Demystifying Hashprice

    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…

  • Building Blocks

    Building Blocks

    This article was originally published in The Broke Issue of Bitcoin Magazine. Welcome to Bitcoin, a peer-to-peer electronic cash system that prevents double-spending with a decentralized network where new coins are made from proof-of-work without a centralized mint or trusted third parties. This guide helps you discover how miners build blocks for the Bitcoin blockchain,…

  • Geocooled Mining

    Geocooled Mining

    As Bitcoin mining continues to flourish in the US, miners will continue to seek out and utilize cheap or stranded energy. Many miners have found opportunities in West Texas, but the harsh environment brings many challenges, namely how to deal with the heat of the harsh landscape. Up to this point, miners have found clever…

  • The Firmware Triangle

    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…

  • Moving The Needle On Hashprice

    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…

  • Hashing The High

    Hashing The High

    This article was originally published in The Orange Party Issue of Bitcoin Magazine. “Hashing the High” offered a fascinating glimpse into Bitcoin’s hashrate during its peak in 2022. The infographic aimed to visualize the hashrate by measuring the energy consumption of the entire network if it relied solely on Bitmain Antminer S19j Pro 100T ASICs.…

  • Stack Sats, Not Hash… For Now

    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…