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Best Bitcoin Miner in 2021? An Honest ASIC Review.

What is the best bitcoin miner in 2021? Well there is no straight answer....

How Much Power does it take to Mine a Bitcoin?

How much power does it take to mine a bitcoin? In this assessment we...

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...

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We provide content on bitcoin mining strategy, ASIC miner manufacturing, network growth, and other related topics.

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Miner Daily offers articles written by independent bitcoin miners. Our intention is to help others to learn about the industry and succeed in running a sustainable operation.

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Learn more about microprocessor chips and ASIC miner efficiency advancements.

ASML: the Company Behind ASIC Manufacturing

In a technology park in Eindhoven, Netherlands, sits one of the most critical companies on the planet, Advanced Semiconductor Materials Lithography (ASML). Since the...

Best Bitcoin Miner in 2021? An Honest ASIC Review.

What is the best bitcoin miner in 2021? Well there is no straight answer. This past year's top performing model is the Whatsminer M30S++...

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...

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...

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...

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...

Are Bitcoin Mining Machines in Short Supply?

Now that the BTC price is hitting record heights, where are all the bitcoin mining machines? According to manufacturer websites many of the market-leading...

Does the Antminer S19 XP use 5nm ASICs?

Does the Antminer S19 XP use 5nm ASICs? Here we explore this idea by examining the integrated chip performance of top bitcoin mining rigs. We then compare models from the Antminer S1-S19 series, produced between 2013-2022. We end this piece by addressing concerns over...

Energy Series

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...

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...

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...

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Miner Profits

Politics and Bitcoin Mining

Bitcoin ASIC miners have been around since 2013, but regulators and naysayers have ceaselessly chased their tail. Read stories of how bitcoin mining has helped communities through grassroots efforts, how miners migrate to reach stranded energy sources, or how harsh policy and low profits can trigger massive mine shutdowns.

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All Articles

How to Operate and Clean a Bitcoin ASIC Miner

In this article we cover the preferable running conditions for a mining rig, as well as how to clean a bitcoin ASIC miner. It...

ASML: the Company Behind ASIC Manufacturing

In a technology park in Eindhoven, Netherlands, sits one of the most critical companies on the planet, Advanced Semiconductor Materials Lithography (ASML). Since the...

Bitcoin’s Poisson Paradox

Bitcoin's Poisson paradox refers to the fact that many people wait longer than 10 minutes for a confirmation of their BTC transaction, even though...

Bitcoin and Renewables, A Miner’s Observations

Bitcoin and renewables cannot save us from climate change, but they can help. It is capitalism and the need for continued economic growth that...

Bitcoin Mining Manufacturers Update, 2022

Bitcoin mining rig manufacturers are releasing next generation gear which is up to 29% more efficient than previous models. For the past two years,...

Are Bitcoin Miner Prices Dropping?

Bitcoin miner prices appear to finally be dropping. Last week we saw Chinese resellers release used Antminer S19 95 terahash (TH) for around $5,000...

Bitcoin Miner Survey 2022: Location, $/kWh, and BTC Price

A recent bitcoin miner survey asked where people mine, what they pay for power, and what their BTC and BCH price predictions are for...

Heat Sink Refit on S17, S17 Pro, S17+, T17, T17+, T17e ?

In this article we address hash board restoration and replacement, as well as heat sink refit for Antminer S17, S17 Pro, S17+, T17, T17+,...

Bitcoin’s Hash Rate, 2021 Reviewed

In this article we review the changes to Bitcoin’s hash rate in 2021. We look at miner difficulty, earnings, and ASIC prices over the...

BTC Hash Rate Gains in 2022

We estimate that BTC hash rate gains in 2022 will lead to a network size between 225 - 270 EH/s. This is based on...

Satoshi Mined the Genesis Block, Let’s Verify It

Satoshi Nakamoto mined Bitcoin’s genesis block on this day thirteen years ago. Included in the block was a miner subsidy of 50 BTC. This...

How are Bitcoin’s Difficulty and Hash Rate Calculated?

How are Bitcoin’s difficulty and hash rate calculated? Bitcoin’s difficulty is adjusted bi-weekly to speed up or slow down the block pace to a...

Does the Antminer S19 XP use 5nm ASICs?

Does the Antminer S19 XP use 5nm ASICs? Here we explore this idea by examining the integrated chip performance of top bitcoin mining rigs....

Best Bitcoin Miner in 2021? An Honest ASIC Review.

What is the best bitcoin miner in 2021? Well there is no straight answer. This past year's top performing model is the Whatsminer M30S++...

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...

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...

How Much Does it Cost to Mine a Bitcoin?

*See our updated article for May 2021* Bitcoin is a Proof-of-Work cryptocurrency, thus coins have an intrinsic value due to the cost for miners to...

Antminer S17 is Temper-mental, as are S19, S9, T17, T9, L3+

Despite best efforts, interior climates of mining farms may be difficult to control in periods of extreme heat or cold. This winter was no...

Bitcoin’s Dominance and why History Matters

Bitcoin's dominance has been on the rise this 2020-2021 bull run. As price increases and market capitalization gain traction, adoption is proliferating. Bitcoin now...

Record Highs for Bitcoin Miners

Only two weeks have passed in 2021, and Bitcoin has managed to break several records. Bitcoin miners are turning a good profit. Some are...

Bitcoin’s Hashrate, 2020 Reviewed

2020 saw a steady rise in Bitcoin's hashrate. Miners rang in the 2021 New Year with stellar earnings of 22¢/TH, up from 14¢ last...

Are Bitcoin Mining Machines in Short Supply?

Now that the BTC price is hitting record heights, where are all the bitcoin mining machines? According to manufacturer websites many of the market-leading...

Bitcoin Miner Equations You Need to Know

A bitcoin miner uses calculations to gain knowledge about machine performance, profit, and ROI. Thus, it is important to get to grasps with some...

Mining Bitcoin At a Loss. Could it be a Win?

Mining bitcoin at a loss means profits don't cover operation expenses. When BTC miners go in arrears there are plenty of ways to cut...

Bitcoin Miners Need These Essential Conversions

Bitcoin miners use some key conversions in order to develop a deeper understanding of how machines perform and how much electricity they consume. Additionally,...

Crypto Crime: Do Criminals Prefer E-Currencies Over Fiat?

As we discover, crypto crime accounts for a minuscule amount of illicit activity. Likewise, proceeds from crime represent a tiny fraction of the crypto...

How Bitcoins are Earned and Created

Bitcoin mining dynamics is intimidating. There is advanced terminology and technology to conquer. Information can be misleading. Even seasoned miners may neglect a basic...