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Saturday, November 27, 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.

Swedish Leaders Want the EU to Ban Bitcoin’s Proof of Work

In a recent article in Sweden's liberal news outlet Dagens Nyheter (DN), opinion leaders urge the EU to ban Bitcoin's Proof of Work (PoW)....

How to be a Bitcoin Miner. Cloud, Home Mining, or Hosting?

If you are wondering how to be a bitcoin miner, or how expand your mining fleet, this article is for you. With the right...

How Much Power does it take to Mine a Bitcoin?

How much power does it take to mine a bitcoin? In this assessment we find that an average of 143,000 kWh of energy is...

Bitcoin Mining Bans and China’s ASIC Exodus

China housed an estimated one-half to three-quarters of Bitcoin’s proof-of-work network, then lost nearly all when the government initiated bitcoin mining bans in the...

BTC Miner Earnings: Sats versus USD Per Terahash

Most bitcoin miners gauge their profitability by the daily earnings per terahash (TH) in United States dollar (USD). For example, today's BTC miner earnings...

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...

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