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Nico Smid
- 5 min​
In the highly competitive and energy-intensive industry of Bitcoin mining, efficiency is king. As miners strive to maximize profitability, understanding key operational metrics becomes essential. One such critical metric is Power Usage Effectiveness (PUE), a standard benchmark that measures the energy efficiency of data centers — and increasingly, Bitcoin mining…
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Bitcoin Backed Lending in Mining
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Nico Smid
- 5 min​
As Bitcoin matures as an asset class, new financial tools are giving miners more flexibility in managing liquidity—without needing to sell their BTC produced. One such tool is Bitcoin backed lending, a growing option for both retail and bigger miners….
The Case for Custom ASIC Firmware
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Nico Smid
- 5 min​
Firmware is the software that controls an ASIC miner’s hardware, and each model requires a different firmware due to differences in design and functionality. Custom firmware is not exclusive to Bitcoin mining—it has become an essential tool for miners using…
Bitcoin Bull Market Strengthens & USD Weakness Boosts Euro’s Buying Power
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Nico Smid
- 5 min​
Bullish sentiment has returned, fuelled by strong ETF inflows and a renewed race among corporations to accumulate Bitcoin. Meanwhile, network hashrate has fallen below 900 EH/s again while hashprice is climbing back toward the $50/PH/Day mark. A weaker U.S. dollar…
One Year After the Bitcoin Halving
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Nico Smid
- 6 min​
Bitcoin halvings are pivotal events that cut the block subsidy in half, fundamentally altering miner economics and often triggering shifts in network dynamics and market sentiment. With a year having passed since the fourth Bitcoin halving on April 19, 2024,…
Hashrate at 1 Zetahash for the First Time
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Nico Smid
- 5 min​
Bitcoin rebounded swiftly after the Trump tariff shake-up. While it appears that ASIC mining hardware may be exempt—at least for now—uncertainty continues to cast a shadow over the sector. Yet, despite the policy turmoil and a persistently low hashprice, hashrate…
Leverage Altcoin Mining to Stack Sats
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Nico Smid
- 6 min​
Post-halving, Bitcoin miners have been struggling to stay profitable. With shrinking margins and prolonged periods of low profitability, many are exploring alternative revenue streams, including altcoin mining. Some of the most popular options are Proof-of-Work coins like Litecoin and Dogecoin…
The Bitcoin Transaction Fee Drought
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Nico Smid
- 5 min​
Bitcoin transaction fees play a crucial role in rewarding miners, but they’re far from stable. Over the years, fee dynamics have shifted dramatically—shaped by technological developments, user behaviour, and broader market cycles. From the high-fee frenzy driven by Ordinals and…
Bitcoin’s Rough Q1 Pushes Miners Toward AI/HPC
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Nico Smid
- 5 min​
Bitcoin’s first quarter of 2025 has been a turbulent one, marking its worst performance since 2019. Despite this Michael Saylor, remains bullish on Bitcoin announcing another purchase. Meanwhile, the Trump brothers have entered the Bitcoin mining scene, partnering with Hut…
Efficiency Trends in Bitcoin Mining
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Nico Smid
- 5 min​
Efficiency in Bitcoin mining has evolved significantly over the years, with technological advancements driving remarkable improvements. However, the pace of efficiency gains has slowed in recent years due to challenges in reducing semiconductor sizes and the physical limitations of current…
Tough Market Conditions Fuel Innovation
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Nico Smid
- 4 min​
Bitcoin continues to face sell pressure. Strategy did its smallest purchase to date but is getting closer to holding 500,000 BTC. Hashprice remains low, even as difficulty growth slows, challenging miners to find cost-effective strategies. On the innovation front, the…