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Wednesday, June 23, 2021

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Sam Ling

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24/7 PoW hasher. Working as part of an independent and global miner group. Together we explore the Bitcoin network and ASIC hardware industry.

BTC Price Follows Hash Rate? No, not Necessarily.

Bitcoin's price correlates with its hash rate under certain circumstances, but not as a rule. Thus, we don't subscribe to the the price follows...

5nm Bitcoin Mining Machines, where are you?

For the past three years 5nm bitcoin mining machines have been an urban legend. Bitmain, Canaan, and MicroBT all announced incoming five nanometer ASIC rigs...

How Much Does it Cost to Mine a Bitcoin? Update May 2021

Since our last article on the cost to mine a bitcoin the BTC price and earnings/TH have nearly doubled. And, thanks to BTC price...

Bitcoin Mining Manufacturers, Update May 2021

Orders continue to roll in for top bitcoin mining manufacturers. But what's the status quo on their delivery times, backlog, and do they have...

Bitcoin’s Network Charted: understanding miner trends

Bitcoin is not comparable to traditional markets. Therefore financial analyses and statistical tools do not accurately describe the state of Bitcoin's network. In particular...

Bitmain in Hot Water with TSMC. Are ASIC Delays Imminent?

Bitcoin mining manufacturers like Bitmain struggle to produce ASIC chips. Competition with other microchip customers like Apple, combined with unsteady demand due to bear-bull...

Data Center Bitcoin Mining and a Greener China

Technology related data centers consume double the amount of terawatt hours of electricity per year as Bitcoin's PoW, although this is just 1% and...

Moore’s Law vs Bitcoin ASICs and Network Growth

Bitcoin ASIC evolution is stalling and some claim that Moore's law is dead. However, despite hindered microchip upgrades energy efficiency and hashing capabilities of...

Green Bitcoin: Miners Demand Cleaner Energy

The Green Bitcoin Theory believes that Bitcoin's energy use is trivial in comparison to coin price or other industries. They postulate that bitcoin mining will become a...

BTC Hashrate Gains in 2021. Will China Still Rule?

China-based bitcoin mining industry leaders met for a private discussion last week. The group predicts shipment of 200,000-1,000,000 ASICs by 2022. This equates to...

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