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Nico Smid
- 5 min​
As Bitcoin mining pools grow, concerns are rising about increasing network centralization. Larger pools wield significant power by controlling block creation and payouts, sparking fears of potential censorship and manipulation. OCEAN Pool, however, seeks to shift this balance with the DATUM Protocol, a decentralized solution designed to empower miners and…
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State of the Market: Bitcoin Mining H1 2024 Review in 21 Charts
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- 8 min​
The first half of this year was very eventful, marked by significant developments. ETF approval propelled BTC prices to new all-time highs, while the deployment of the latest generation machines pushed network hashrate to 660 EH/s. The halving event was…
Bitcoin Price Falls Below $60K: Miners Face Continued Challenges
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- 5 min​
Bitcoin price revisited the $60,000 mark as Mt. Gox’s announced that it would begin distributing $9 billion in repayments. Recent ETF outflows have not helped, but the low exchange reserves offer some hope. With the start of summer, hashrate is…
Optimize Your Mining Machine Performance: A Deep Dive into Bitcoin Mining Firmware
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- 5 min​
Bitcoin mining firmware is specialized software installed on mining machines, designed to optimize their performance and functionality. This firmware manages various aspects of the mining hardware, including power consumption, hashing algorithms, temperature control, and connectivity with mining pools or networks….
Bitdeer’s Rise: Acquisitions, Innovations, Efficiency Leadership
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- 5 min​
June has been an exciting month for Bitcoin mining company Bitdeer. Following the news of Tether acquiring a significant stake in the company, Bitdeer also announced its strategic acquisition of ASIC hardware manufacturer Desiweminer. Concurrently, Bitdeer unveiled its technological roadmap…
Bitcoin Stumbles: Struggles to Regain Footing Above $70,000
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- 5 min​
Bitcoin has failed to regain its footing above $70,000, even with the US Bitcoin ETFs enjoying a five-week streak of inflows and global ETFs now holding over a million BTC. Despite a flattening network hashrate and difficulty, a sudden spike…
Investing in Bitcoin: Buying vs Mining
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- 5 min​
Is Bitcoin mining the ultimate way to dollar-cost average into Bitcoin? While mining rewards are indeed paid out in BTC, mining is vastly different from simply buying Bitcoin. Buying Bitcoin is simple and allows you to benefit from price fluctuations…
Powering Up Profits: How the Bitcoin Lightning Network Empowers Miners
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- 4 min​
The Bitcoin Lightning Network has been in development for several years, with its origins traceable to a whitepaper published by Joseph Poon and Thaddeus Dryja in January 2016. The first Lightning Network implementation went live on the Bitcoin mainnet in…
Has Miner Sell Pressure Become a Thing of the Past?
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- 5 min​
After a prolonged decline throughout April, Bitcoin’s price is exhibiting resilience in May. Bitcoin ETFs are experiencing robust inflows once more. Contrasted with ETF holdings, public miners hold a relatively small amount of BTC on their balance sheets. This shift…
Comparison of Leading 1X J/TH Air-Cooled ASIC Miners
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- 6 min​
The Bitcoin mining landscape is evolving rapidly, with major advancements in mining hardware driving increased efficiency and profitability. Leading manufacturers like Bitmain, MicroBT, Canaan, and newcomers like Auradine are pushing the boundaries with their latest models. Bitmain’s Antminer S21 and…
Post-Halving Trends: Is History Poised to Repeat Itself?
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- 6 min​
Bitcoin’s price briefly dipped below $60K but hasn’t entirely broken down, despite ETF demand drying up. Explore whether the current decline in network hashrate signals a larger trend. After witnessing the biggest decline in difficulty since December 2022, can we…