Category: Uncategorized

  • To Dust You Shall Return

    To Dust You Shall Return

    Consider a doomsday scenario. You spend the past couple years diligently dollar cost averaging and withdrawing to your wallet. You have a ton of small UTXO‘s and bitcoin transaction fees rise so much that your bitcoin turns into dust. You’re now unable to spend your bitcoin. For some bitcoin users, this is not a doomsday…

  • Pricing Out Inscriptions

    Pricing Out Inscriptions

    The battle for the future of Bitcoin is raging in real time on twitter as we are on the cusp of global economic contraction, thanks to 50+ years of the USD fiat regime, and are eagerly waiting for the approval of a spot Bitcoin ETF by the SEC. Yet, in the trenches on Twitter, the…

  • Hash Recon

    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…

  • The Complex Dynamics of Bitcoin Hash Rate and Price: A Historical Perspective

    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…

  • Geocooled Mining

    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…

  • The Firmware Triangle

    The Firmware Triangle

    2022 was a great year of humbling for bitcoin miners of all sizes. We saw industrial-scale miners go belly up and get bailed out, while (we) small-scale miners stood in the trenches seeking efficiency wherever it could be found, even if that meant radically reducing hashrate. This short article shows a small window in market…

  • Moving The Needle On Hashprice

    Moving The Needle On Hashprice

    Since no one is making money mining right now (speaking for myself) let’s run some numbers. Hash Price is all the rage right now (in a masochistic way) so what change in BTCUSD is needed to move the needle? First definitions: TH: terahash, the hashing unit on modern asics Network Hashrate: I am using 24hour…

  • Braiins OS 22.06 on S19j Pro

    Braiins OS 22.06 on S19j Pro

    Very pumped to test @braiins_systems OS+ 22.06 on my S19j Pro BBB. I’ve got (8) nodes running with it and will post updates on how we are hashing. A gripe I’ve heard (I haven’t been tracking super closely) is the difference between power consumption reported in the BOS+ dashboard and what the ASIC is actually…

  • Stack Sats, Not Hash… For Now

    Stack Sats, Not Hash… For Now

    Over the past couple of weeks, several friends have asked me about buying an ASIC. They have been casually watching the markets and are seeing the price of machines begin to fall. Typically, ASIC prices lag behind BTC price adjustments by 3-4 weeks, especially when the price falls. When prices rise, ASIC distributors are much…

  • The Bitcoin Diaspora, a Confederation of Tribes

    The Bitcoin Diaspora, a Confederation of Tribes

    Introduction “There is no Bitcoin community” – Everyone This is the battle cry of true-believers and deniers alike. There is no CEO, PR, or speaker for Bitcoin. Bitcoin is decentralized, so there is none of that. So why do people get triggered so easily when people utter the phrase “Bitcoin community”? Surely there is something,…

  • Bitcoin Layers

    Bitcoin Layers

    Posted August 8, 2019 The past few weeks there have been several good threads about Bitcoin’s scaling layers. Two camps have emerged as they try to define the stack. While this has no real implications and the market will ultimately decide on the best way to define layers, I wanted to put a post together…