The hottest Substack posts of nicosmid

And their main takeaways

Review 2023 - Mining Pools

39 implied HN points • 23 Jan 24
🕹 Technology Bitcoin Mining Tech Trends Market Analysis
  1. The top two Bitcoin mining pools, Foundry and Antpool, increased their dominance in 2023.
  2. Hashrate aggregators are fighting to capture market share, relying on primary pools for block creation and managing rewards, posing both opportunities and risks to network decentralization.
  3. Several Bitcoin mining pools came and went in 2023, highlighting challenges and innovations in the industry.

Review 2023 - Mining Economics

39 implied HN points • 09 Jan 24
🔮 Crypto Bitcoin Mining Economics Blockchain
  1. Bitcoin's price in 2023 saw a 171.5% increase from the beginning of the year.
  2. The network difficulty increased significantly throughout the year by 103.6%.
  3. Hashprice stayed above $80/PH/Day due to a surge in transaction fees and Bitcoin's price increase in the last two months of 2023.

Review 2023 - Energy

19 implied HN points • 30 Jan 24
🕹 Technology Bitcoin Mining Environmental Impact Energy consumption
  1. Bitcoin mining power usage in 2023 was around 16-18 GW with over 50% coming from renewable sources.
  2. Bitcoin mining industry leads in using sustainable energy and saw a significant increase in the mix of renewable sources.
  3. Bitcoin miners can operate independently of traditional power grids and 75.3% of off-grid mining relies on sustainable energy.
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Quiet Before the Storm?

39 implied HN points • 08 Aug 23
🔮 Crypto Bitcoin Mining Market Analysis Industry
  1. The mining industry is currently experiencing a period of quiet and stability.
  2. Key factors like Bitcoin price, network hashrate, and ASIC prices are maintaining a steady trend.
  3. This calm period may indicate a break for the industry after a significant growth phase.

Hydro Cooled ASICs

58 implied HN points • 18 Apr 23
🕹 Technology Cryptocurrency Mining
  1. Hydro-cooled ASICs utilize water for cooling instead of fans, enhancing thermal conductivity and increasing hashrate output
  2. Water-cooling is more effective than air-cooling for mining equipment as it can absorb more heat efficiently
  3. This method may be costly but offers superior cooling benefits for mining operations

Manage Your Mining Fleet Like a Pro

39 implied HN points • 13 Jun 23
🕹 Technology Bitcoin Mining
  1. Managing a mining fleet involves similarities with managing a fleet of vehicles.
  2. Understanding fleet management can benefit the operation of mining fleets.
  3. Consider applying strategies from vehicle fleet management to optimize mining operations.

1 Year Until the Next Halving

39 implied HN points • 25 Apr 23
🔮 Crypto Bitcoin Mining Cryptocurrency
  1. Bitcoin halving occurs every 210,000 blocks or about every four years.
  2. In a year, the block subsidy will be halved from 6.25 to 3.125, impacting miner revenues.
  3. This article discusses the past impact of halving events and how to prepare for the next one.

Navigating the ASIC Market Cycles

19 implied HN points • 21 Mar 23
🕹 Technology Cryptocurrency
  1. Fluctuations in the Bitcoin ASIC miner market are common due to various factors like Bitcoin price and mining difficulty.
  2. Timing the market entry for ASIC mining is crucial for running a successful mining business.
  3. Accessing free trial subscriptions can provide valuable insights into navigating ASIC market cycles.

Treasury Management Strategy

19 implied HN points • 07 Mar 23
💰 Finance Bitcoin Mining
  1. The post discusses treasury management strategy for Bitcoin mining operations.
  2. It covers strategies and techniques to manage cash flow and reduce financial risks.
  3. The importance of effective treasury management to succeed in the volatile Bitcoin mining sector.

Holy H@&#rate!

19 implied HN points • 28 Mar 23
🔮 Crypto Bitcoin Mining
  1. The network's hashrate has achieved a record high, reaching 358EH/s from 265EH/s in the first quarter of the year.
  2. There's been a 35% growth in the network's hashrate.
  3. A further increase of 7EH/s in the next few days could lead to a 100EH/s rise in the first quarter of the year.