-
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 8. As the network hashrate begins to recover in March,…
Get Your Weekly Mining Insights
Will the Bitcoin Mining Bull Ever Return?
-
- 5 min​
The Bitcoin mining industry has faced significant challenges in recent months. As the market continues to navigate these turbulent waters, miners are experiencing unprecedented pressures on profitability. From record-breaking hashrate levels to historic lows in hashprice, the current state of…
The BitAxe Mining Revolution
-
- 5 min​
BitAxe is a open-source hardware designed to democratize Bitcoin mining, making it accessible to everyone. With a focus on diversity, decentralization, and community collaboration, BitAxe offers options for both solo and pool mining. This article explores various BitAxe models, including…
Understanding Accepted and Rejected Shares for Optimal Performance
-
- 6 min​
In the Bitcoin mining process, miners use computational power to solve complex mathematical puzzles to validate and confirm transactions on the Bitcoin network. When a miner successfully solves a puzzle, they are rewarded with a certain amount of newly minted…
Trump Pump Fuels Network Hashrate Growth
-
- 4 min​
Bitcoin skyrocketed to nearly $70,000 following Donald Trump’s electrifying speech at The Bitcoin Conference 2024 in Nashville. Trump vowed to keep the U.S. government’s seized Bitcoin, called crypto the “steel industry of 100 years ago” and predicted it could surpass…
Green Bitcoin Mining: Sustainable Energy Usage and Beyond
-
- 5 min​
Did you know that 56.5% of Bitcoin miners use green energy? Bitcoin mining employs more sustainable energy than the banking sector or the gold industry. Bitcoin mining is an energy-intensive industry, with over 80% of operational costs being electricity bills….
Network Hashrate Reaches 600 EH/s Amid Price Surge
-
- 4 min​
Bitcoin price recovered back above $60,000 as Germany finished selling its holdings. The network hashrate climbed back to the 600 EH/s level, though miners are still capitulating. Difficulty is almost 10% off the all-time high, but an upward adjustment is…
Repurposing Strategies for Bitcoin Mining Rigs in Low Margin Markets
-
- 5 min​
In the current market conditions with low margins, cost management is crucial for success. If an Bitcoin mining rig miner malfunctions, it is important to evaluate whether repairing the machine is worthwhile. If repairs are economically viable and align with…
State of the Market: Bitcoin Mining H1 2024 Review in 21 Charts
-
- 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
-
- 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
-
- 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….