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The Bitcoin Mining Boom
This annual review of the Bitcoin mining industry is written by Nico Smid of Digital Mining Solutions and brought to you by Lincoin Technologies. 2023 has been an eventful year for the Bitcoin mining sector. This report will look at the most significant events and analyse the state of the Bitcoin network, mining economics, ASIC Bitcoin miner market, mining pools and energy usage.
Unlock Your Business Potential
From startup dreams to expansion goals, we’ve got the guidance and solutions for every stage. Start strong, optimize smart, and scale with confidence. Elevate your mining operation today.
Nico Smid
Founder Digital Mining Solutions
Nico Smid, Founder of Digital Mining Solutions, brings over 15 years of distinguished international business expertise to the forefront of the Bitcoin mining industry. Since diving into Bitcoin early 2017, he transitioned from investor to active miner.
As a strategic advisor and skilled connector, Nico guided numerous companies towards the successful establishment and expansion of their mining ventures.
What People Are Saying
Medi Naseri
CEO at Lincoin Technologies
Kent Hallinburton
CEO at Sazmining
Nico’s guidance has been invaluable for Sazmining in acquiring our facility in Paraguay. He connected us with a quality local operator, joined site visits, assisted with contract negotiations, and continues to support the build-out and deployment.
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Tony
Self miner & co-location provider
Nico is a reliable and honest guy to work with. Very clear communication and always available for a call. Has been accurate in terms of invoicing and accounting. Has delegated tasks efficiently and onboarded clients proactively. He’s someone you want on your side when running a complicated, international mining operation.
In The Media
Podcast By Hashrate Up​
September 26, 2023​
Jesse and Nico discuss various topics like the state of the network, mining economics and strategic business approached.
Podcast By Sazmining​
June 5, 2023​
Nico shares his experience setting up mining operations in Argentina & Paraguay, treasury management strategies and applying mining indicators to make informed mining decisions.
Radio Interview on BNR Radio
March 14, 2023​
An interview about mining projects in Paraguay, the role of Bitcoin in South America and the state of the Bitcoin mining industry.
Podcast By Hashrate Up​
Februari 11, 2024
Jesse Pielke and Bitcoin mining specialist Nico Smid explore the 2023 mining boom.
Jesse Pielke and Bitcoin mining specialist Nico Smid explore the 2023 mining boom, discussing hashrate developments, ASIC profitability, and emerging trends in the latest HashrateUp episode.
Featured in Cointelegraph article
April 4, 2024
Once unprofitable BTC miners are turning their machines back on,' Brayden Lindrea features insights from Nico Smid
Once unprofitable BTC miners are turning their machines back on,' Brayden Lindrea features insights from Nico Smid on the resurgence of previously unprofitable Bitcoin miners and their significant impact on the industry's hash rate growth.
Featured in Cointelegraph article
April 11, 2024
Paraguay to reconsider Bitcoin mining ban, mulls selling energy to miners,' Ciaran Lyons reports on Paraguayan lawmakers debating
Paraguay to reconsider Bitcoin mining ban, mulls selling energy to miners,' Ciaran Lyons reports on Paraguayan lawmakers debating the sale of excess hydropower to Bitcoin miners, exploring the economic advantages as an alternative to a proposed mining ban.
Video appearances
Recent Posts
The Halving Aftermath
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Nico Smid
- 5 min​
Your Success Journey Begins Here!​
Join our popular newsletter The Bitcoin Mining Block Post for mining economics, cutting-edge business strategies, and insights into the latest trends & innovations.
Your Success Journey Begins Here!​
Join our popular newsletter The Bitcoin Mining Block Post for mining economics, cutting-edge business strategies, and insights into the latest trends & innovations.