Four years ago I looked at the same data every Bitcoin miner had access to and saw a countdown. Most saw a business.
The block reward was getting cut in half, mining was getting harder every month, and most operators had built up debt that only made sense if Bitcoin's price kept rising.
When it didn't, there was nothing to fall back on.
HashNet was built around that conclusion before anyone in the industry wanted to say it out loud.
The interview on @CoinTabNews covers the whole story, including how HashNet avoided the liquidity trap that caught everyone else.
Thanks to Sampson Gideon for the thoughtful feature.
https://t.co/FlP6cGc1Q2
.@Issadefiworld says most mining firms already know Bitcoin-only mining is a dying model but can’t admit it publicly.
The HashNet founder belives the entire Bitcoin mining industry may be heading for a massive transformation.
MARA went from 53,822 BTC to 35,303 BTC in a single quarter. Coinpedia breaks down exactly why this is happening across the industry.
Single-coin mining was always going to end up here. The numbers just made it impossible to ignore.
Appreciate the coverage @cryptoyashjain.
https://t.co/1odTUi3ZOk
Bitcoin is better money than gold. It has superior monetary properties.
In fact, Bitcoin beats gold on 25 different dimensions.
1. Portability: Move billions across borders with 12 or 24 words. Gold needs guards, vaults, trucks, customs, and prayers.
2. Divisibility: Bitcoin divides into 100 million sats per BTC. Gold is awkward to divide, verify, and spend in small amounts.
3. Verifiability: Anyone can verify Bitcoin supply and ownership with a node. Gold requires assays, trust, and specialists.
4. Scarcity certainty: Bitcoin has a hard cap of 21 million. Gold supply expands with mining, new discoveries, and potentially asteroid mining.
5. Supply auditability: Bitcoin’s total supply is publicly auditable in real time. Nobody knows the exact amount of above-ground gold.
6. Settlement speed: Bitcoin can settle globally in minutes. Gold settlement is slow, expensive, and institution-heavy.
7. Custody sovereignty: Bitcoin can be self-custodied without a vault. Gold self-custody is physically dangerous and logistically annoying.
8. Confiscation resistance: Properly secured Bitcoin can cross borders invisibly. Gold is obvious, heavy, and historically confiscatable.
9. Storage cost: Bitcoin can be stored for near-zero physical cost. Gold requires vaulting, insurance, security, and transportation.
10. Transport cost: Bitcoin travels at the speed of information. Gold travels at the speed of armored logistics.
11. Programmability: Bitcoin can integrate with multisig, time locks, Lightning, smart custody setups, and financial infrastructure. Gold is inert metal.
12. Global liquidity: Bitcoin trades 24/7 globally. Gold markets still rely heavily on traditional financial rails and business-hour settlement layers.
13. Settlement finality: Bitcoin can provide direct bearer settlement without trusted intermediaries. Gold often settles through paper claims.
14. Resistance to counterfeit: Bitcoin units are mathematically validated. Gold can be plated, diluted, faked, or rehypothecated.
15. No trusted issuer: Bitcoin has no central issuer, board, treasury, or refinery bottleneck. Gold custody often depends on institutions.
16. Easier inheritance: Bitcoin can be structured with multisig and recovery planning. Gold inheritance is physical, messy, and theft-prone.
17. Collateral efficiency: Bitcoin is easier to pledge, move, audit, and financialize digitally. Gold collateral is slower and more custodial.
18. Transparency: Bitcoin’s monetary policy and ledger are open. Gold’s market is opaque, with hidden reserves, paper claims, and unclear leverage.
19. Censorship resistance: Bitcoin can be sent peer-to-peer globally. Gold needs physical handoff or trusted transport.
20. Energy-to-scarcity conversion: Bitcoin turns energy into digitally verifiable scarcity. Gold turns energy into heavy rocks guarded by men with sunglasses.
21. Monetary upgradeability: Bitcoin can absorb software improvements at the network edges. Gold cannot become more useful without wrapping it in trust-based systems.
22. Unit consistency: Every bitcoin is perfectly fungible at the protocol level. Gold varies by purity, form, assay, and bar history.
23. Lower friction: Bitcoin is easier to buy, sell, send, receive, verify, split, secure, and integrate into modern finance.
24. Digital-native compatibility: Bitcoin fits an internet economy. Gold belongs to a world of vault receipts, musty central bankers, and men named Klaus guarding basements.
25. Personal sovereignty: Bitcoin lets one person hold immense wealth directly. Gold makes you become your own medieval castle.
Michael Saylor points out the real task at hand for Strategy:
“It’s clear that Bitcoin is digital capital.”
“At least one of the killer apps of Bitcoin is Digital Credit.”
“Digital credit actually has a better risk adjusted return than every other asset class there is. Twelve months ago, I couldn’t tell you that.”
Funny how the industry's biggest decentralisation move this year is something HashNet has been doing quietly since we launched.
75% of global Bitcoin hashrate committed this morning to Stratum V2, shifting block construction decisions away from pool operators and back to individual miners.
Our proprietary tech, the Alpha Engine AI, has been dynamically routing hashrate across seven pools since day one, switching automatically based on luck score and lowest effective fee per coin.
Different road. Same destination: no single operator should control everything.
Welcome to the standard.
https://t.co/bt3nUaszlW
🇺🇸 MICHAEL SAYLOR JUST SAID BITCOIN IS GOING TO $16,000,000 🚀
“PEOPLE WILL MAKE FUN OF ME.”
“I WILL BE HAPPY TO BUY AT $200,000, $500,000, $1 MILLION, $2 MILLION, $4 MILLION, $8 MILLION, $16 MILLION.”
THIS IS CRAZY 🤯
Institutional capital has been sitting behind a regulatory dam for years.
The CLARITY Act is the crack in the wall.
Senate hearing is on May 14. When this passes, the legal uncertainty that has kept serious money on the sidelines disappears. Funds, family offices, asset managers, they have all been waiting for one thing before moving into Bitcoin at scale: A clear set of rules. That is what the CLARITY Act delivers.
And when that water moves, it moves all at once.
Senator Moreno has given Congress a hard deadline - pass it by end of May or the bill gets shelved until 2030.
The window to accumulate Bitcoin before institutional demand reshapes this market is closing fast.
This doesn't change anything for us. We've been doing this since before it was obvious.
HashNet has been producing Bitcoin through all of it. Six coins, four algorithms, always mining whatever pays the most and converting everything straight to BTC every 8 hours.
There is no more efficient way to accumulate Bitcoin than to produce it continuously through infrastructure that never stops optimizing.
Most will feel this wave. A few will have been riding it already.
https://t.co/S6zjvTLvTz
So I woke up yesterday and the first thing I saw was Zcash up by 119.5% in 30 days.
$257 to $565. One of the biggest moves any mineable coin has made all year.
And I wasn't surprised, because this isn't the first time either.
Between September and November 2025, ZEC ran from $34 to $744. Over 1,900% in 67 days. HashNet captured that too.
While Bitcoin-only miners watched both rallies completely helpless, their machines locked to one coin with nowhere to go, HashNet was mining ZEC the entire time and converting every reward straight to #Bitcoin, locking in those gains before the market could take them back.
This is the result of multi-coin mining.
No matter what anyone says, solo Bitcoin mining is dead. The numbers are right there to prove it.
@BitcoinSapiens Tether buying US treasuries to back stablecoins is the most underrated macro story right now. $160B in T-bills from 50 people. Bitcoin doesn't need any of that. Proof of Work is the only collateral that can't be inflated, frozen, or called in.
@SimplyBitcoin MCAFE said it years ago. Governments are now proving him right by buying it themselves. You can’t ban what your own treasury is accumulating.
@Bitcoin_Teddy The best mining setups are the ones where the energy cost was already paid. A water heater that produces Bitcoin is just a mining rig with a useful byproduct. This is where the industry is going: distributed, efficient, and integrated.