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Hash Recon
This article was originally published in The Primary Issue of Bitcoin Magazine. We’re less than 30,000 blocks out from the halvening and the table stakes couldn’t be higher. For many Bitcoin mining operators, this will make or break the bets they’ve made during this bitcoin epoch. Did I grow too fast? Can I handle a catastrophic drop…
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The Pursuit Of Sats Flow
This article was originally published in The Withdrawal Issue of Bitcoin Magazine. This article is written as of block height 789,088, using a BTC price of $30,000, and $0.065 kWh for the modeling. The number one question everyone inevitably asks themselves is: How could I possibly outperform bitcoin? You will not find a single answer,…
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The Complex Dynamics of Bitcoin Hash Rate and Price: A Historical Perspective
Introduction Bitcoin has recently experienced a surge in its hash rate, reaching a new all-time high (ATH) with an astonishing 500% increase since 2021. Interestingly, the price of Bitcoin remains down by 50%, challenging the conventional belief that the price follows the hash rate. This essay aims to explore the intricate relationship between hash rate…
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Demystifying Hashprice
This article was originally published in The Gatekeepers Issue of Bitcoin Magazine. “There’s things you know, and there’s things you don’t know, and there’s things you know you don’t know, and there’s things you don’t know you don’t know” – Socrates The most important bitcoin metric you don’t know or understand is hashprice and today…
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Building Blocks
This article was originally published in The Broke Issue of Bitcoin Magazine. Welcome to Bitcoin, a peer-to-peer electronic cash system that prevents double-spending with a decentralized network where new coins are made from proof-of-work without a centralized mint or trusted third parties. This guide helps you discover how miners build blocks for the Bitcoin blockchain,…
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Geocooled Mining
As Bitcoin mining continues to flourish in the US, miners will continue to seek out and utilize cheap or stranded energy. Many miners have found opportunities in West Texas, but the harsh environment brings many challenges, namely how to deal with the heat of the harsh landscape. Up to this point, miners have found clever…