Very proud of NiceHash 👇
Bitcoin network hashrate: -10% in 6 months. NiceHash: +300% in 4 months (6 → 19.3 EH/s).
Miners are switching pools to us. In bear market, our ~1% higher payrates is difference between farm staying alive or shutting down.
Big respect to the team 🚀
Me and @KevinH_NH just vibe coded a working Bitcoin mining stratumv1 proxy on a flight to @bitcoinpark_ TEMS event. From a plane on 12km/34k ft above sea level.
The world we live in!
Thanks @Delta for such amazing wi-fi onboard!
Guess what harness I used? :)
Today I'm officially opening up https://t.co/UCBnDLMJ7C
You should not have to rely on narratives alone to understand Bitcoin. Data is power.
This started as a stack of scripts and analyses I'd built up over the years for my own work. AI made it possible to consolidate them into a clean UI without spending another two years on it.
The result is Elektronics: hundreds of charts, calculators, and simulators across the network, the price, the hardware, the miners, and the public equities.
Note: this is a hobby project and in beta. Verify the numbers. Use at your own risk.
It’s now open to anyone who wants to understand Bitcoin with better data. I’ll walk through it in this thread.. [1/n]
Unified BTC Market is officially LIVE!
Big changes are happening at NiceHash! As of today, our EU and USA markets are fully consolidated behind a single technical infrastructure: the BTC Market.
The Roadmap:
TODAY: BTC Market is live.
EARLY MAY: USDT Market launch!
The upcoming USDT Market will allow buyers to use stablecoins for more predictable pricing and easier management.
Check out the new layout on your dashboard!
3/3 The thing is->Bitcoin miners already have something AI-pivoting companies don't.
They earn in BTC. If they denominate costs in BTC when they scale, they eliminate the currency mismatch killing margins industry-wide.
Core Scientific needed CoreWeave to offset risk. A BTC-denominated miner has it built in.
1/3 A Bitcoin miner just locked in $10 BILLION in AI revenue. For 12 years.
Core Scientific signed a 12-year deal with CoreWeave. 590 MW. $850M/yr. Take-or-pay. CoreWeave covers capex, power, and utilities.
They also sold most of their BTC and are winding down mining entirely.🧵
2/3 The part nobody's talking about:
CoreWeave isn't just a customer-they're absorbing the hardware risk. GPUs depreciate in 18 months. Core Scientific provides the power and the shells. CoreWeave eats the obsolescence curve.
That's a luxury most miners pivoting to AI don't have.
ZCASH WENT FROM CYPHERPUNK TO INSTITUTIONAL IN 7 DAYS:
$25M seed round.
Foundry and Nicehash institutional mining pool.
Coinbase custody.
Everything is in place.
Except credit.
Lombard-style lending against ZEC holdings.
That's the final piece. That's what I structure. DMs open.
@jswihart@zooko@FoundryServices@cypherpunk@zodl_app
$ZEC
Bitcoin just mined its 20 millionth coin.
Only 1 million left. Forever.
Hashrate is over 1 Zettahash. Difficulty jumped 15% in February. Miners are plugging in MORE machines for LESS reward.
That's not hope. That's conviction priced in kilowatts.
Bitcoin miners earn 2.93% more on NiceHash right now!
SHA256 ASICs connected to NiceHash are earning 2.93% MORE than the hashprice index.
Buyers are actively bidding for your hashpower, driving up your profits. Plus, you get paid in Bitcoin every 4 hours.
Point your Bitcoin ASICs to NiceHash and start earning what your hashrate is actually worth. https://t.co/bvx3cRaK3c
#Bitcoin #MineBitcoin #SHA256 #NiceHash
It's here.
"Beyond Digital Gold: Bitcoin and the Architecture of a New Monetary System" is available now.
Paperback & electronic editions worldwide.
NEW: @NiceHashMining donates 1 EH/s of Bitcoin hashrate in under 10 minutes to the 256 Foundation for its Hashathon.
The 256 Foundation is a free, open source initiative focused on Bitcoin mining, energy, and education.
@kucharmartin_ As you use a hardware wallet like @Trezor for your Bitcoin, use hardware 2FA like @Yubico for your accounts. Maybe an upgrade idea for our Trezors - integrated hardware 2FA.
@hiveonofficial The static threshold trap has taken out more miners than any bear market.
Curious about what percentage of operations you work with are still running single-threshold automations vs. dynamic systems.
My sense is most smaller operations and hostings are still way behind on this.
The IMF recently published a research paper comparing blockchain consensus mechanisms.
The findings? Bitcoin's Proof-of-Work is the most secure, resilient, and operationally proven system in existence.
Not my opinion.
Their data. 🧵
The IMF didn't set out to validate Bitcoin.
They set out to help supervisors understand blockchain technology.
But when you compare everything objectively?
Bitcoin's Proof-of-Work stands alone.
Not hype. Not tribalism.
Just data.
What's your read on this?