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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, we can now evaluate its impact across several key metrics…
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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…
Revenue and Profit Split Models
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Nico Smid
- 4 min​
Since the 2024 halving, mining profit margins have been suppressed. In such an environment, fixed-cost agreements (e.g., fixed hosting fees, fixed power rates) can become unsustainable for either the miner or the hosting provider. This is why profit- and revenue-share…
Paper Hands Dumped ETFs, Miners Bought the Dip
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Nico Smid
- 5 min​
After bearish price action and ETF outflows hitting record highs, Bitcoin surged by $10,000 this Sunday. Seizing the opportunity, Bitdeer bought the dip, adding to its growing BTC reserves. Meanwhile, network hashrate rebounded above 800 EH/s. Hashrate Index’s published a…
Hashcost Decoding a Key Metric
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Nico Smid
- 4 min​
Bitcoin mining is a highly competitive industry where profitability depends on several factors, including electricity costs, hardware efficiency, and network difficulty. Over the past year, miners have increasingly used a metric called hashcost to evaluate their operational efficiency. Hashcost represents…
Public Bitcoin Miners Dominate Network Amid Market Shifts
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Nico Smid
- 5 min​
Bitcoin remains range-bound below $100K, but the mining industry continues to expand. The network hashrate has remained above 800 EH/s for over two weeks, with public bitcoin miners now contributing 37% of total network power. At the same time, declining…
Streamline Your Operations with Management Software
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Nico Smid
- 4 min​
Managing a Bitcoin mining operation is no easy task. With growing competition and increasing complexity, efficiency is critical to staying profitable. Mining management software has become an essential tool for optimizing operations, minimizing downtime, and improving coordination. Whether you run…