The difficulty adjustment can decrease profits for miners as the difficulty increases just as newer, more efficient hardware is released.This is an opinion editorial by Alex, a bitcoin miner with Kaboomracks. It is important for individuals looking at bitcoin mining for the first time to understand the importance of Bitcoin's difficulty adjustment as well the impact this has on mining profitability. Many...
The bitcoin mining industry is under pressure as hash price reaches new lows, hash rate hits new all-time highs and the difficulty adjustment keeps going up....
Bitcoin mining is an incredibly difficult industry to start out in and all of its complexities may be lost on those unaware. Photo courtesy of Brekkie von Bitcoin. The inspiration...
KWh aside, there are other important factors for miners to consider in both the choosing of their machine and the operational decisions they make.A Decision-Making Framework For Bitcoin Miners — What Various Whatsminer Models Tell UsThe bitcoin mining space is rife with anecdotes, best practices and old wive’s tales about ideal operating conditions for ASIC computers. Beyond this, the market is...
Public complaints around bitcoin mining noise pollution are growing, but miners have plenty of solutions at their disposal. Let’s use them.Bitcoin mining is loud.Anyone reading that sentence who has not visited an operational mining farm is probably imagining a loud restaurant or a running air- conditioning unit. But in this context, “loud” actually means an almost ungodly cacophony of spinning fan blades...
As hash rate and energy costs grow, bitcoin mining becomes less profitable and equipment is less cost-effective which impacts mining companies.The below is a direct excerpt of Marty's Bent Issue #1206: “Hashprice at lowest point since November 2020” Sign up for the newsletter...
During Bitcoin 2022, Bitcoin mining rig manufacturer MicroBT shared details on its forthcoming M50 series of Whatsminer machines.In a recorded video played on the mining stage at Bitcoin 2022, Jordan Chen, COO of MicroBT, producer of the Whatsminer series of bitcoin mining rigs, shared details about the company’s new M50 series of miners: the M50s, M50 and M53.The M50 series is...
How closely linked are bitcoin price and mining rig market? And what can this link tell us about current and future ASIC prices?Bitcoin price fluctuations matter to miners more than they do to almost any other demographic of bitcoin investors because of the price’s effect on mining hardware markets. Regularly checking the price can often be counterproductive for long-term, diamond- handed HODLing, but...
Numerous developments made 2021 an unprecedented year in Bitcoin mining, setting the stage for a monumental 2022.2021 was a major year for Bitcoin mining. The third halving in May 2020 brought broader attention to mining at large, and the growing interest has never subsided. In 2021, favorable economics made mining profitable for almost all participants, drawing in more and more participants. The...
An incredibly interesting way to figure out the value of an ASIC given its consumption and profitability over an extended period of time.This article is to serve as nothing more than a contribution to the bitcoin mining community.I’m not a mathematician.I’m not a statistician nor a certified economist.I’m just a bitcoin miner, a builder, and a freethinker that loves...
There are numerous factors to consider in weighing the centralization of bitcoin mining, and the industry can only be as decentralized as any one.When discussing bitcoin mining centralization, the issue almost always gets muddied immediately. One person might think in terms of mining pool distribution, another in terms of hash rate distribution across jurisdictions, and yet another might be chiefly concerned with...
Believe it or not, in 2021, Bitcoin mining stocks have outperformed the king of cryptocurrencies. This crowns the phenomenal year the whole Bitcoin industry has had. However, consider Arcane Research’s warning, “an investment in mining companies carries a much higher risk than an investment in bitcoin...
Nick Foster of Houston-based bitcoin mining company Kaboomracks joins Bitcoin Magazine for an interview, discussing the current state of at home mining.Home and apartment bitcoin mining is enjoying a wave of popularity right now as bitcoiners recognize all the positive spin-offs of mining at home — home...
Compass Mining is launching a sales platform for individual miners where anyone can register as a vendor to buy and sell used ASICs.One of the fastest- growing trends in the bitcoin mining world today is the increasing demand for retail ASICs for home mining, taking Bitcoin full circle from where it all began.While big industrial mining companies like Atlas, Compute North, Hut8,...
A shortage of semiconductor production is at the forefront of geopolitics and it’s inevitable that this issue’s relation to Bitcoin mining will be as well.Supply chain shortages are starting to reveal many geopolitical dependencies on external actors for different resources, and the overall fragility that those dependencies can create for any given nation when supply chains are stressed. All it takes is...
Riot announces a new immersion-cooled bitcoin mining operation that will increase their miner productivity.Today, Riot Blockchain announced their new 200 megawatt (MW) industrial-scale immersion-cooled bitcoin mining operation at its Whinstone facility which was...
The energy usage of bitcoin mining has been frequently misrepresented — but there's still reason to seek renewable energy sources.What if you could substitute a renewable battery-powered motor for the internal combustion engine just twelve years after its invention? At minimum, we would not be faced with the challenge of limiting greenhouse gas emissions. For all of the benefits the internal combustion...
Following a strategic acquisition and unicorn valuation, Blockstream is ready to drive the Bitcoin mining industry forward.Adding to a list of offerings that touches nearly every aspect of the industry, Bitcoin infrastructure company Blockstream is now planning to launch the “world’s first...
Sears was 17 years old when he got into BTC mining, now he is 19, oversees a farm with 4,500 ASICs, and makes $54,000 a year.Nick Sears, a 19-year-old entrepreneur from Dallesport, Washington, has said no to college and yes to bitcoin when he was 17 years old and helped build a bitcoin mining farm in that town. Now, he earns $54,000...
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