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HashrateUp - A Bitcoin Mining Podcast

Jesse

HashrateUp is a podcast that delves into Bitcoin mining and exciting projects, utilizing hashrate production to unlock new potentials in the broader energy industry. From details about innovative mining operations to exciting applications powered by classic energy resources, we’ll discuss the various ways the Bitcoin network is powered and its impact on the environment. Join us as we talk with industry experts, researchers, and thought leaders to understand how Bitcoin is shaping the future of power and investigate the energy challenges and opportunities Bitcoin and its ecosystem bring to the table. Whether you are an industry professional, thought leader, or…

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  • September 26 · 56 min

    Texas Just Changed the Rules for Bitcoin Miners

    Texas is ending 4CP. The incentive that saved flexible miners roughly $50,000 per MW per year is likely in its final season, and ERCOT is moving toward 12CP by 2028. Haley Thomson, Director of Energy at Luxor, explains what that means for Bitcoin miners and who ends up paying for the grid.Haley breaks down how 4CP actually works, why firm loads are pushing for change, and how 18+ GW of new battery storage has compressed capacity prices across ERCOT. We also cover why Bitcoin mining is close to the perfect grid-balancing load, how batteries and miners compare as grid assets, and how Luxor performed what's likely the first 4CP curtailment of GPUs in ERCOT.We also walk through the Luxor Energy dashboard live, from tracking load against breakeven to iMiner underclocking, 4CP buffer settings and what it really costs to be online during a peak. At the time of recording, 4CP season 2026 was likely already over.This episode is not sponsored by Luxor. Nothing discussed is financial advice. Do your own diligence before making energy or mining decisions.Guest: Haley Thomson, Director of Energy at Luxor TechnologyLuxor Energy: https://luxor.tech/energyHaley on Hashrate Index: https://hashrateindex.com/blog/author/haley/Luxor: https://luxor.techTimestamps:0:00 Intro0:45 Can AI provide grid flexibility?1:31 The first GPU 4CP curtailment in ERCOT3:45 What 4CP is worth: ~$50K per MW per year6:02 How 4CP works and who pays for the grid8:54 Why Bitcoin mining is the perfect flexible load11:45 Adding 60 GW of renewables: the transmission bottleneck14:00 Why firm loads want 4CP gone16:43 How miners lower off-peak energy prices20:57 Renewables, congestion and transmission costs24:54 12CP explained: what changes for miners29:29 Curtailing at $0 power: the solar mismatch31:04 How 18 GW of batteries reshaped ERCOT36:22 Battery vs Bitcoin mine39:10 Capex: batteries vs hydro vs air-cooled mining41:49 Luxor Energy dashboard walkthrough43:54 iMiner: raising breakeven from $75 to $90/MWh45:28 4CP buffer settings and risk48:58 What missing a 4CP peak really costs51:54 The AI pivot and tier-zero data centers55:11 Where to find Haley and Luxor EnergySponsored by:Altair Technology. ASIC hardware, replacement parts and mining infrastructureCode: HASHRATEUPhttps://altairtech.io/aff/125/HashrateUp Hardware Deals: https://t.me/hashrateupFree 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/#BitcoinMining #ERCOT #4CP #LuxorEnergy #HashrateUp

  • September 22 · 41 min

    This Is the "Polymarket" for Bitcoin Miners

    Matteo Spinosa, founder and CEO of Doefin, built the first accessible prediction market for Bitcoin miners to hedge difficulty. Doefin lets miners and traders take a directional view on network hashrate — or lock in revenue certainty before difficulty spikes — using a Polymarket-style venue where price equals probability. In this episode, Matteo breaks down why Bitcoin miners have historically been unbankable and uninvestable: difficulty volatility has run twice as volatile as the S&P 500, making cash flow impossible to forecast. Doefin gives miners a primitive tool to stabilize revenue, or to speculate on where hashrate is going. We cover how the Oracle works (SHA-256 validation of Bitcoin block headers, secured by the network itself), why settlement is non-custodial via cbBTC on Base, and how a miner can hedge a specific amount of petahash against a difficulty increase. Matteo also walks through a live demo of the platform, explains the "For Miners" hedging tool, and shares why Doefin stays out of scope regulation-wise with legal opinions in the UK and Mauritius. Doefin launched to the public one week before recording, already has seven miners trading (roughly 0.15 BTC in volume), and is building toward a full forward curve for hashrate. Guest: Matteo Spinosa, CEO and Founder of Doefin Doefin: https://www.doefin.com/ Matteo on X: https://x.com/MatteoDoefin Doefin on X: https://x.com/DoefinOfficial Timestamps: 0:00 Intro: what is Doefin and the gap it fills 4:00 Price equals probability explained 9:30 The Oracle problem: how difficulty is validated 15:00 Liquidity and finding the first miners 20:30 Licensing, non-custodial structure and regulation 25:00 Platform demo: deposits, markets and taking a position 32:00 The "For Miners" hedging tool walkthrough 38:00 What's next: forward curve, Asia and scaling Sponsored by: Altair Technology. ASIC hardware, replacement parts and mining infrastructure Code: HASHRATEUP https://altairtech.io/aff/125/ HashrateUp Hardware Deals: https://t.me/hashrateup Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #Hashrate #DifficultyHedging #Doefin #PredictionMarket #HashPrice #HashrateUp

  • September 14 · 34 min

    This Bitcoin Boiler Pays for Itself in 2 Years

    Elmeri Suomi runs a heating company that happens to mine Bitcoin. His product, the SunBit Bitcoin Boiler, drops one or two hydro-cooled ASICs into a water tank, heats a house to 60°C, and lets the mining revenue pay the power bill — in the best case leaving the homeowner in profit on their heating. He started in water-to-air heat pump sales, began mining as a hobby in 2020, and founded SunBit in 2023 once the two worlds clicked. In this episode we get into the economics that make consumer-scale mining work at 7–12¢/kWh power: not fat mining margins, but offsetting an oil bill that can run 3,500 litres a year at €1.80/litre. Elmeri walks through the ROI (two years best case, five years worst), why he explains everything in cents per kWh instead of hashprice, and how spot-price optimisation and solar over-production feed into the tank. We also cover why he abandoned immersion after too much grey hair — dissolved cooling paste, dead S21s and oil everywhere — and landed on hydro; why the boxes are Antminers, not Whatsminers (60°C is all you need once you're past Legionella at 52–55°C); the 3×25A wiring that lets it fit a normal Finnish home; the first installs in Kotka and Nokia plus the first international job in the Netherlands; and the pre-seed raise now funding a 100 kW industrial version. Guest: Elmeri Suomi, CEO & Founder of SunBit Oy SunBit: https://sunbit.fi/en SunBit on X: https://x.com/SunbitOy SunBit on LinkedIn: https://www.linkedin.com/company/sunbit-oy/ Timestamps: 0:00 Intro: a heating company that mines Bitcoin 4:30 Where the savings really come from — offsetting the oil bill 11:00 Explaining hashprice vs cents per kWh, pool and Lightning 17:30 Skepticism, "is this legal?" and the remote-managed mini-PC 23:00 Why hydro beat immersion — the grey-hair story 29:00 First installs, the total market and the pre-seed raise Sponsored by: Luxor. Mining pool, firmware, hardware trading and hashrate tools https://luxor.tech/ Altair Technology. ASIC hardware, replacement parts and mining infrastructure Code: HASHRATEUP https://altairtech.io/aff/125/ HashrateUp Hardware Deals: https://t.me/hashrateup Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #HeatReuse #BitcoinBoiler #SunBit #Finland #HydroCooling #HomeMining #ASIC #Bitcoin #HashrateUp

  • September 9 · 18 min

    Zcash Miners Earn 7x Bitcoin's Revenue. But There's a Catch. [NEWS]

    Hash price is holding at elevated levels, but Bitcoin mining is entering a very different kind of market. Public miners are shedding hashrate, AI infrastructure keeps absorbing power, and for the first time in years the network may be facing a genuine period of declining hashrate. In this news roundup: Zcash mining economics are exploding as Z15 Pros generate multiples of current Bitcoin mining revenue, Tether walks away from a $120M mining investment in Uruguay after a power dispute, Bitdeer approaches 9% of Bitcoin block rewards, and AWS + Nvidia plan another 2 million GPUs as AI infrastructure keeps expanding. We also look at Sweden's VAT crackdown on crypto miners, Bitdeer's $100M Texas land acquisition for AI/HPC expansion, Canaan pausing mining operations in Ethiopia, and Demand's new Stratum V2 transaction acceleration model that could change how mining pools compete for hashrate. The bigger question: if AI keeps winning the competition for power in developed markets, where does Bitcoin mining go next — and what happens when pools have to fight over a shrinking hashrate pie? 🛠 Sponsored by: Altair Technology — ASIC hardware, replacement parts & mining infrastructure Code: HASHRATEUP https://altairtech.io/aff/125/ Luxor — Mining software, firmware & hashrate tools https://luxor.tech/ Timestamps: 0:00 Intro — Hash price & difficulty outlook 1:22 Zcash mining surge — Z15 Pro economics 4:43 Tether's $120M Uruguay mining bet collapses 7:04 Sponsor: Altair Technology 7:30 Bitdeer nears 9% of Bitcoin block rewards 8:00 AWS + Nvidia plan another 2 million GPUs 8:48 Bitcoin miners outperform the AI trade 9:32 Sweden's VAT crackdown on crypto miners 11:52 Bitdeer buys 200 acres in Texas for AI/HPC expansion 12:42 $31.6T projected data center spending through 2050 14:05 Sponsor: Luxor 14:40 Public miners shed 56 EH/s as AI retrofits accelerate 15:12 Canaan pauses Bitcoin mining operations in Ethiopia 16:04 Demand brings transaction acceleration to Stratum V2 17:14 Bitcoin's first declining-hashrate environment 17:58 Final thoughts & mining market opportunities 📊 HashrateUp Hardware Deals: https://t.me/hashrateup 📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #HashPrice #Zcash #ArtificialIntelligence #BitcoinHashrate #Bitdeer #Tether #DataCenter #StratumV2 #MiningPool #BitcoinNews #HashrateUp

  • August 31 · 40 min

    They Could Have Built This Years Ago. Nobody Did.

    Michael Schmidt, better known as Schnitzel, bought a hundred S19J Pros for $40 each. Machines that used to cost $15,000. He's bringing them back with open-source firmware he built in his garage, with help from an AI agent and about eight burned hashboards along the way. Michael is one of the lead engineers at the 256 Foundation, and he's back on the show to talk about Magina. It's an open-source firmware that does things Braiins, Luxor, Vnish and stock firmware simply won't. You can ramp a miner from 3,000W down to 1,000W in three to five seconds, where other firmware takes half an hour. You can follow a live solar curve. And you can run hashboards from completely different machines together in one rig, which no proprietary firmware will let you do. We talk about why nobody built any of this before, why the 256 Foundation wants open rigs but not open chips, and what happened when Michael handed an AI agent an S19 and a power meter and told it to figure things out. We also get into why your miner's power API is lying to you about wattage, what he learned from destructive testing across eight different hashboard variants, and where he thinks this all goes over the next two or three years. 👤 Guest: Michael Schmidt (Schnitzel), Lead Engineer at the 256 Foundation 256 Foundation: https://www.256foundation.org Follow on X: https://x.com/schnitzel Timestamps: 0:00 Intro: Schnitzel, Teddy the Swiss mountain dog & proof of dog 3:04 The 256 Foundation: Libreboard, Ember One, Magina & Hydro Pool 4:13 Heat reuse goes commercial: the Swiss solar monetization project 5:00 The solar problem: chasing a production curve that never sits still 5:31 Why existing firmware takes 30 minutes to change wattage 6:35 Why nobody built sub-minute ramping before (and why it isn't malicious) 9:18 Proprietary hardware: the tire manufacturer who only sells whole cars 10:57 Open rigs, not open chips: what the 256 Foundation actually wants 13:52 What Magina is and how it differs from Braiins, Luxor & Vnish 15:06 Handing an AI agent an S19 and a Shelly power meter 17:03 Zero to 500 MHz: the board that died and the ramping fix 19:21 Destructive testing: 8 hashboard variants in a single S19J Pro 20:22 Physical vs digital: 2,900W on the API, 0W on the wall 22:10 Microphones, temp sensors and eight burned boards 24:13 Why the power API guesses, and why the PSU already knows 27:09 S19J + S19K on one control board: 130 TH/s from mismatched hardware 31:30 Building a Frankenstein miner from two dead machines 32:25 The $40 miner renaissance and bringing dead hardware back 34:04 Magina on a Canaan Nano, Proto chips and the wildfire moment 35:08 Get involved: dev calls, donations and hardware you're not using 🛠 Sponsored by: Luxor. Mining pool, firmware, hardware trading & hashrate tools https://luxor.tech/ Altair Technology. ASIC hardware, replacement parts & mining infrastructure Code: HASHRATEUP https://altairtech.io/aff/125/ 📊 HashrateUp Hardware Deals: https://t.me/hashrateup 📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #OpenSource #Magina #256Foundation #Heatpunk #HeatReuse #SolarMining #ASIC #S19 #Firmware #AI #BitcoinMiningFirmware #Bitcoin #HashrateUp

  • August 25 · 31 min

    Old ASICs, $0.058 Power & a 50/50 Profit Split w/ Ben Smith

    Most people scrap their old ASICs, ship them overseas, or let them gather dust. Ben Smith (Bear Market Mining) offers a fourth option: profit-split hosting that keeps end-of-life machines online in the US. Ben joins me — you can hear the miners running in the background — to break down the model he built at his Walnut Ridge site: a 5.8¢/kWh all-in rate, a straight 50/50 split of net profit after power (60/40 on S21s), no deposits, no rack fees, and no long-term lock-in. We get into why he'd rather stack the Bitcoin than take your dollars, the 10,000-unit S19 redeployment that inspired the whole idea, why he doesn't think hashprice climbs back to $80, how he keeps six-year-old machines alive with a wall of spare parts and Braiins firmware, exactly how the pool split is calculated every 30 days, and his hard-won take on immersion cooling (spoiler: 180 machines still sit in his bath). Plus the hydro build, dry coolers running in 110°F heat, and the too-cold startup problem nobody warns you about. 👤 Guest: Ben Smith — Founder, Bear Market Mining (President, Arkansas Blockchain Council) Bear Market Mining: https://bmmining.tech Optimization Calculator: https://bmmining.tech/optimization.html Schedule a Consultation: https://bmmining.tech/apply.html Contact: ben@bmmining.tech Timestamps: 0:00 Intro — end-of-life ASICs and the profit-split pitch 5:00 Walnut Ridge: from immersion to air to hydro 10:30 The profit-share model — 5.8¢ all-in and why Ben stacks BTC over dollars 16:30 Redeploying dead fleets: the 10,000-unit S19 second-life story 23:00 Profit-split incentives: downside protection vs giving up upside 29:30 Why Ben doesn't think hashprice hits $80 again (Rockdale, difficulty, the bull case) 36:00 The construction side: 200 MW built + becoming Arkansas' #2 power buyer 42:00 Running old units: free part swaps, Braiins firmware & underclocking 47:30 How the split actually works: Braiins pool, 30-day cycle, power paid first 52:00 Full deal terms: no deposits, no rack fee — just ship it 57:00 Hydro infrastructure, dry coolers & the too-cold startup problem 1:01:00 Immersion reality check: why 180 machines still sit in the bath 🛠 Sponsored by: Luxor — Mining pool, firmware, hardware trading & hashrate tools https://luxor.tech/ Altair Technology — ASIC hardware, replacement parts & mining infrastructure Code: HASHRATEUP https://altairtech.io/aff/125/ 📊 HashrateUp Hardware Deals: https://t.me/hashrateup 📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #ProfitSplitHosting #BitcoinHosting #ASIC #S19 #HydroCooling #BearMarket #Braiins #MiningPool #Arkansas #EndOfLifeASIC #Bitcoin #HashrateUp

  • August 22 · 5 min

    What to Do With Old ASICs Nobody Will Buy ♻️

    ♻️ Get a free quote from 256 Recycling: https://256recycling.com/ Got old ASICs you can't sell, plug in, or ship? HashrateUp has partnered with 256 Recycling to turn dead mining hardware into upfront cash. Thousands of S19J Pros and older units are stranded — no buyers, too expensive to export, and they often arrive broken. 256 Recycling collects your gear (hashboards, PSUs, PDUs, cables, fans), pays you upfront, and takes the whole headache off your hands. WHAT YOU GET: ✅ Upfront cash for your scrap ASICs — small or large fleets ✅ Free pickup & full logistics handled (US & Canada, EU fleets covered too) ✅ Responsibly sorted and recycled in compliance with EPA standards ✅ Certification of responsible recycling provided for your records ✅ 400+ tons of e-waste already processed ✅ 50,000+ ASICs recycled in the last 6 months HOW IT WORKS: 1️⃣ Request a free quote (mention HashrateUp for the best deal) 2️⃣ Team schedules pickup and collects units from your location 3️⃣ Devices are sorted and prepared at their nearest facility 4️⃣ Materials recycled to EPA standards + certification for your records With hashprice where it is, the motivation to get the old out and the new in has never been higher. If you can't sell them, plug them in, or don't want to pay to ship them overseas — recycle them and get something back. 📲 HashrateUp Hardware Deals: https://t.me/hashrateup ✉️ Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #ASIC #Recycling #Ewaste #MiningHardware #HashrateUp

  • August 21 · 20 min

    Bitcoin's Back - Miners Are Quitting for AI Anyway [NEWS]

    Bitcoin's back above $70K and hash price ripped more than 10% — from the lows of $31 all the way to $35. Great news for anyone running machines. But public miners are still dismantling capacity to chase AI money, and this may be the first true hashrate bear market ever. In this news roundup: a difficulty adjustment looms that could confirm bullish conditions, public miners have sold most of their BTC stack, Russia bans mining in Moscow through 2032, and the AI pivot keeps swallowing gigawatts — Riot's confirmed 20-year Anthropic lease, Core Scientific's Polaris deal, Cipher, TeraWolf, Ionic and more all trading Bitcoin mining for HPC. Plus the Zcash mining surge nobody saw coming. The big question: if the AI trade cracks — China chip progress, cheaper models like Kimi K3 — what happens to the capital funding these 20-year leases? 🛠 Sponsored by: Altair Technology — ASIC hardware, replacement parts & mining infrastructure Code: HASHRATEUP https://altairtech.io/aff/125/ Luxor — Mining software, firmware & hashrate tools https://luxor.tech/ Timestamps: 0:00 Intro — Bitcoin back above $70K, hash price $31 → $35 0:40 Upcoming difficulty adjustment — why it matters 1:43 Core Scientific closes Polaris deal — 1.5 GW Oklahoma AI campus 2:20 Cango's revenue halves as it pivots from mining to AI 2:47 Bitdeer revenue +47%, shares down 77% 4:42 Riot × Anthropic — 20-year Rockdale lease confirmed 5:14 $573M debt for 191 MW AI conversion — the cost of pivoting 7:10 Public miners selling BTC — 127K down to 29K 7:52 Russia bans mining in Moscow region through 2032 8:20 Sponsor: Luxor 9:51 Public miners shed 21% of hashrate as AI accelerates 11:55 The first-ever hashrate bear market explained 12:32 Cipher secures 900 MW Texas site + Black Pearl AI 13:38 TeraWolf hits 71% AI leasing revenue 14:16 Ionic — AI leasing replaces Bitcoin mining 14:54 Sponsor: Altair 15:25 Bitdeer's $400M Malaysia AI contract 16:20 Is the AI trade cracking? Kimi K3 & model costs 17:10 Fortitude & the Zcash mining surge 19:39 Hash price outlook & difficulty bias 📊 HashrateUp Hardware Deals: https://t.me/hashrateup 📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #AIPivot #DataCenter #HashPrice #Anthropic #HashrateBearMarket #Zcash #BitcoinNews #Russia #HashrateUp

  • August 19 · 48 min

    The Firmware Every Miner Needs w/ Brandon

    Third-party firmware on WhatsMiner didn't exist. Now it does. Brandon McWard (Associate Product Manager, Firmware at Luxor) joins me on site — you can hear the ASICs — to walk through LuxOS running on an M50S+, live screen share, feature by feature. We cover why MicroBT stock firmware has been a closed box for years, how Advanced Thermal Management replaces the binary "sensor trips, machine off" logic, why changing a power target on stock firmware costs you a full reboot and retune, and the niche feature built for one oil field client: Hash on Disconnect, which keeps machines hashing synthetic work so the generator never takes the load swing. Plus chip-level temperature grids, the overhauled logs, the 2.8% fee structure, and what's actually different under the hood between Bitmain and MicroBT tuning. This is one to watch, not just listen to. 👤 Guest: Brandon McWard — Associate Product Manager, Firmware @ Luxor Luxor: https://luxor.tech LuxOS firmware: https://luxor.tech/mining/firmware Compatible miners: https://docs.luxor.tech/firmware/compatibility Timestamps: 0:00 Intro & why third-party firmware on MicroBT is rare 6:20 Stock MicroBT firmware: the closed box problem 10:10 Time to tune & why power target changes cost you hashrate 19:00 What role AI actually plays in firmware development 22:00 GUI walkthrough: LuxOS running on an M50S+ 34:00 Board target, hot & dangerous temperature explained 37:20 Save the generator, not the miner: Hash on Disconnect 45:00 Top 2 features for WhatsMiner operators + LuxOS fees 🛠 Sponsored by: Luxor — Mining pool, firmware, hardware trading & hashrate tools https://luxor.tech/ Altair Technology — ASIC hardware, replacement parts & mining infrastructure Code: HASHRATEUP https://altairtech.io/aff/125/ 📊 HashrateUp Hardware Deals: https://t.me/hashrateup 📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #LuxOS #Luxor #WhatsMiner #MicroBT #ASICFirmware #MiningFirmware #ThermalManagement #Curtailment #M50S #Bitcoin #HashrateUp

  • August 14 · 1 hr 21 min

    Why BIP-110 Was Dead on Arrival w/ Chris

    Bitcoin nearly split in two. On BIP110 activation day, a chain split actually happened — and almost nobody noticed. Coinjoined Chris (Seedor, Bitsurance) joins me to break down what BIP110 really was, why it was dead on arrival with under 6% real node support and near-zero hashrate, and what it teaches us about how consensus in Bitcoin actually gets decided. We go deep on fake pubkeys, OP_RETURN limits, relay policy vs consensus, the OP_RETURN spam wars since 2023, mining pool centralization, and why the "economic node" — not one-node-one-vote — is what really matters. If you mine Bitcoin but never think about what your hashrate is actually securing, this one's for you. 👤 Guest: Coinjoined Chris X: https://x.com/coinjoined Seedor (seed backup / self-custody): https://seedor.io Bitsurance (Bitcoin insurance): https://bitsurance.eu Timestamps: 0:00 Intro & who is Chris? 3:22 The origins: NFTs, JPEGs & 2023 fee spikes 5:34 Information theory & fake pubkeys 7:30 UTXO bloat & node centralization 13:18 Counterparty & what a node actually does 17:35 Consensus rules vs relay policy 22:43 DoS protection & who sets node defaults 24:14 Sponsor: Altair Technology 24:51 OP_RETURN limits & node implementations 28:16 2023 spam onslaught & the push to change consensus 32:11 The "garbage can" argument & the anti-spam steelman 34:52 The bell curve & what consensus really is 37:25 Signaling: node counts, sockpuppets & prediction markets 39:47 BIP444 → BIP110: cramming in the changes 44:15 Does the market even understand consensus? 48:12 Under 6% support & why capital isn't your voice 52:36 Ossification & the golden-rock debate 53:44 Sponsor: Luxor 55:59 BIP110 mechanics & what "activation" means 59:37 Cooldowns, "longest chain" vs most chain work 1:03:05 Activation day: the network splits live 1:06:28 Roughnecks & the block race that stalled 1:09:05 Pool power, centralization & OFAC censorship 1:11:38 Stratum V2, Foundry & why miners don't care 1:14:41 The economic node: not one-node-one-vote 1:17:35 What we learned & what's next (BIP54) 🛠 Sponsored by: Altair Technology — ASIC hardware, replacement parts & mining infrastructure Code: HASHRATEUP https://altairtech.io/aff/125/ Luxor — Mining software, firmware & hashrate tools https://luxor.tech/ 📊 HashrateUp Hardware Deals: https://t.me/hashrateup 📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #BIP110 #ChainSplit #BitcoinConsensus #SoftFork #OPRETURN #Ordinals #NakamotoConsensus #MiningPools #Bitcoin #HashrateUp

  • August 10 · 27 min

    Is the Big Rotation Back to Bitcoin Already Here? [NEWS]

    🛠 Sponsored by: Altair Technology — ASIC hardware, replacement parts & mining infrastructure Code: HASHRATEUP https://altairtech.io/aff/125/ Luxor — Mining software, firmware & hashrate tools https://luxor.tech/ Hash price bounced from the high 20s back to ~$32, Bitcoin difficulty is down year-over-year for only the second time ever, and the great AI pivot may be running into its first real wall. In this news roundup, I break down whether the AI trade is finally cracking — and whether capital is starting to rotate from AI equities back into Bitcoin. We cover the Stratum V2 milestone (Demand pool + Go Mining), the wave of miners fleeing to AI (TeraWolf's $19B Anthropic deal, Core Scientific's $14B AMD deal, MARA, Hive, CleanSpark), reverse stock splits to dodge delisting, BitDeer's US factory, and the first real grid pushback — New York's moratorium and Texas pausing its data center queue. The big question: if China chip progress and open-weight models like Kimi V3 undercut AI economics, what happens to the capital funding these 15–20 year leases? Timestamps: 0:00 Intro & hash price update ($32.74, difficulty +0.47%) 1:15 Bitcoin difficulty down YoY — 2nd time ever 2:30 Demand pool mines first Stratum V2 block 4:00 Sphere3D × BitDeer — 30MW co-mining deal 6:00 Miners defend listings: Cango, American Bitcoin, Canaan 7:30 Sponsor: Altair 8:10 Hive's Swedish AI lease + $600M note 9:20 TeraWolf's $19B, 20-year Anthropic deal 10:50 MARA's $600K/MW Matagorda land grab + Ohio gas plant 12:40 Helios first AI revenue — 133MW to CoreWeave 14:00 BitDeer breaks ground on Nevada factory (SEALMINER A4) 15:20 BitFuFu June report — production down 29.4% 16:40 CleanSpark's AI lease + Foundry BIP110 vote 17:20 Sponsor: Luxor 18:30 Grid pushback: NY moratorium, Braiins + Enel energy tool 20:00 Core Scientific exits Proto ($42M) — lands $14B AMD deal 22:00 The AI trade cracked: Nvidia/OpenAI financing, Kimi V3 24:00 BTC outflows, Russia/BitRiver fraud case 25:20 Cambridge report: power use +38%, 59.4% low-carbon 26:40 Texas pauses data center queue — how worried should AI be? 📊 HashrateUp Hardware Deals: https://t.me/hashrateup 📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #AIPivot #DataCenter #HashPrice #StratumV2 #CoreWeave #Anthropic #GridPushback #BitcoinNews #HashrateUp

  • August 6 · 48 min

    You're Securing Your Bitcoin Wrong w/ Max Hillebrand

    🔗 GUEST LINKS: Max Hillebrand — Sound Money Solutions: https://soundmoneysolutions.io/ Max on Nostr: https://njump.me/npub1klkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qulx3vt Personal site / archive: https://towardsliberty.com/ Mention HashrateUp when you reach out to Sound Money Solutions. 🛠 Sponsored by: Luxor, Mining software, firmware & hashrate tools https://luxor.tech/ Altair Technology, ASIC hardware, replacement parts & mining infrastructure Code: HASHRATEUP https://altairtech.io/aff/125/ You spend all your time and money maximizing mining profits, but what happens to those coins on the backend? In this episode, I sit down with Max Hillebrand, co-founder of Sound Money Solutions, to talk about Bitcoin self-custody and how to actually keep the coins you mine safe. The timing couldn't be sharper, with the recent Cold Card entropy and brute-forcing issues making the rounds, but the deeper point is bigger than any single wallet. We get into why most people never upgrade past their first setup, why no hardware wallet from 2017 is still secure, how holistic security ties your physical and digital life together, threat modeling, single-sig vs. multisig, inheritance planning, and why running your own full node is the real privacy minimum. Timestamps: 0:00 Intro & the Cold Card self-custody issue 2:09 The most common self-custody mistake 3:49 Why we stick with what we know (Ledger, Binance) 6:39 What Sound Money Solutions actually offers 9:42 Self-sovereignty & why custody feels daunting 13:12 Sponsor: Luxor 13:41 Holistic security: your physical life protects your Bitcoin 14:46 Threat modeling: what are you protecting, and from whom? 15:27 GrapheneOS, VPNs & password managers 17:10 Full nodes, hardware wallets & the Cold Card Q 18:12 Inheritance: making your setup work without you 21:35 The North Korean hacks, SIM swaps & Telegram attacks 23:13 Security vs. convenience: striking the balance 25:16 Why your family is a target too 27:53 Sponsor: Altair 28:26 Max's background & what qualifies him 32:05 First steps: the lowest-hanging fruit to fix 34:32 The minimal basic setup (single-sig + passphrase) 35:12 Is custody always bad? Max's nuanced take 40:09 How to get comfortable sending Bitcoin 41:47 Testing your backups before funding a wallet 44:19 Rapid fire: mistakes, wallets, multisig & privacy 47:32 Wrap-up & where to find Max 📊 HashrateUp Hardware Deals: https://t.me/hashrateup 📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/ #Bitcoin #SelfCustody #BitcoinSecurity #ColdCard #HardwareWallet #BitcoinPrivacy #Multisig #GrapheneOS #Cypherpunk #HashrateUp

  • July 30 · 41 min

    His Energy Cost Is NEGATIVE 2.67¢/kWh w/ Bipin Patel

    Bitcoin mining can be more than a 24/7 race for cheap power. In this episode, I sit down with Bipin Patel, CEO of Flexionics, to talk about how their team uses Bitcoin mining infrastructure as a flexible energy asset in Sweden. The interesting part is the framing: Flexionics does not primarily think of itself as a Bitcoin miner, but as an energy company, and even more specifically, as an energy security company. We get into frequency regulation, why older ASICs can make sense when uptime is intentionally low, how the economics compare with batteries, and why flexible load may become more important as renewable generation and AI data centers put more pressure on grids. 🔗 GUEST LINKS: Bipin Patel on LinkedIn: https://www.linkedin.com/in/bipincpatel/ 🛠 Sponsored by: Luxor, Mining software, firmware & hashrate tools https://luxor.tech/ Altair Technology, ASIC hardware, replacement parts & mining infrastructure Code: HASHRATEUP https://altairtech.io/aff/125/ Timestamps: 0:00 Intro 0:44 Flexionics as an energy company, not just a miner 2:44 Turning mining sites into frequency regulation assets 4:44 Sweden, regulation, and the perception problem around Bitcoin mining 6:44 Energy-first operations versus 24/7 mining 8:44 Why older ASICs can work in a flexible-load model 9:45 Sponsor: Altair 10:15 Explaining the model to investors 14:13 Why miners and energy investors both struggle with the story 16:43 Grid instability, renewables, and the Iberia blackout discussion 19:13 Bitcoin mining as energy security infrastructure 21:43 Flexible demand as the missing customer for stranded and curtailed power 24:10 Bitcoin's global market as a unique buyer of last resort 26:41 Sponsor: Luxor 27:12 Flexionics economics: capacity revenue plus hash revenue 29:39 Revenue per MW and comparison with batteries 32:59 Hashprice, AI demand, and upside scenarios 37:09 What happens if hashprice goes much higher 39:39 Flexionics sites, 30 MW expansion, and heat reuse 41:09 Wrap-up 📊 HashrateUp Hardware Deals: https://t.me/hashrateup 📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/

  • July 21 · 54 min

    Why This Miner Refuses to Pivot to AI w/ Raphael Zagury

    🔗 GUEST LINKS - Raphael Zagury (LinkedIn): https://www.linkedin.com/in/rzagury/ - Elektron Energy: https://elektronenergy.io/ - Twitter/X: @alphazeta ("Here Be Dragons" & monthly mining reports) 🛠 SPONSORED BY - Luxor – Mining software, firmware & hashrate tools https://luxor.tech/ - Altair Technology – ASIC hardware, replacement parts & mining infrastructure Code: HASHRATEUP https://altairtech.io/aff/125/ 📄 OVERVIEW Everyone's leaving Bitcoin mining for AI. Raphael Zagury — co-founder & CEO of Elektron Energy, one of the largest private Bitcoin miners in the world — explains why they're doing the exact opposite. We break down the first-ever hash rate bear market: why this cycle feels different, why hash rate has been grinding down since October (not crashing like the China ban), and what happens when 60-70% of machines get wiped out at the next hashprice halving. Raphael makes the contrarian case that right now is one of the best times ever to start mining — if you can survive on the left side of the cost curve. We also get into why Elektron refuses to pivot to AI/HPC, how they pitch mining to institutions like Fidelity, the self-correcting mechanism in hashprice, and why stranded energy in Brazil and Africa is the real opportunity nobody's pricing in. ⏱ TIMESTAMPS 0:00 – Intro 0:47 – World Cup, bear markets & Bitcoin cycles 2:49 – The first-ever hash rate bear market explained 3:36 – How this affects one of the largest private miners 3:53 – Why this isn't the China ban (gradual grind vs sharp drop) 5:33 – Why miners are fleeing to AI/HPC 6:50 – Why Elektron sees this as an opportunity 8:19 – The risks in AI/HPC nobody is pricing 9:05 – Pitching mining to Fidelity & institutions 9:30 – Unit economics: mining is still profitable 10:32 – Cost curve & the self-correcting mechanism 11:14 – What happens when 60-70% of machines shut off 13:02 – Why institutions love contrarian miners 14:37 – The AI pivot & hash rate on the way back up 16:32 – When does mining beat just buying Bitcoin? 19:08 – Why this story is so hard to tell investors 20:25 – Market share, path dependency & hash rate dynamics 22:20 – Why now is one of the best times to start mining 22:45 – Capital & capital structure in mining 23:40 – Why the AI boom will boom and bust 24:19 – Building the optionality stack around energy 25:17 – Why AI/HPC innovation is still dangerously early 28:34 – electronics.dev: open-sourcing mining research 30:29 – The efficiency curve (log scale) explained 31:50 – Predicting the S23s with a regression line 32:14 – Why efficiency gains are about to flatten 32:42 – Network composition: S19s, S21s, S23s 33:38 – Machine-by-machine break-evens & cost to mine 34:58 – What a hashprice halving does to the network 36:11 – Summer heat & temperature-sensitive machines 36:36 – The shareholder-money era & underwater machines 40:17 – Stranded energy: wind in Brazil, curtailment credits 42:19 – Bitcoin's only customer is the protocol 42:39 – Old S19s at $30: 6-month ROI vs 10-year energy ROI 43:11 – Why Raphael is bullish on mining in Africa 47:28 – Speaking the language of energy & TradFi 48:08 – Batteries vs miners: a tenth of the capex 49:54 – "Buyers of last resort, sellers of first resort" 50:47 – RAPID FIRE: hashprice bottom, recycling, security & Brazil 📊 KEY TOPICS - The first hash rate bear market — gradual grind vs the China ban shock - Why 60-70% of machines could turn off at the next hashprice halving - The self-correcting mechanism in hashprice and the cost curve - Why Elektron refuses to pivot to AI/HPC (and the mispriced risks) - When mining beats simply buying Bitcoin - The efficiency curve flattening as R&D dries up - Stranded energy, curtailment & why Bitcoin is the most flexible load ever invented 🔗 RESOURCES 📊 HashrateUp Hardware Deals: https://t.me/hashrateup 📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #HashRate #BearMarket #BitcoinVsAI #Mining #Elektron

  • July 13 · 40 min

    Why Scandinavia Is Bitcoin Mining's Next Frontier w/ Lukas Pfeiffer

    🛠 SPONSORED BY - Luxor – Mining software, firmware & hashrate tools https://luxor.tech/ - Altair Technology – ASIC hardware, replacement parts & mining infrastructure Code: HASHRATEUP https://altairtech.io/aff/125/ 🔗 LINKS FROM THIS EPISODE - Gridmetry: https://gridmetry.com - Lukas Pfeiffer (LinkedIn): https://www.linkedin.com/in/lukas-pfeiffer-/ 📄 OVERVIEW In this episode of HashrateUp, Jesse sits down with Lukas Pfeiffer, CEO & Co-Founder of Gridmetry, to break down how Bitcoin miners in Northern Europe get paid to be flexible loads on the grid. Lukas explains Gridmetry's flexibility-as-a-service model: qualifying miners for grid balancing markets, connecting steering software to site infrastructure, and running pre-qualification tests with regulators. Once live, miners can earn up to three separate revenue streams from a single megawatt hour — a 24/7 capacity fee for standing ready, payment for consuming power during negative price events, and Bitcoin mining itself. For some clients running older S19-class hardware, only 10% of income now comes from mining, with the rest from load balancing — at gross margins in the 60-70% range. The conversation covers what it takes to qualify for FCR, mFRR, and FFR markets in the Nordics, why older air-cooled miners often outperform the latest ASICs in these programs, and why GPU/AI compute can't yet replicate this model economically. Jesse and Lukas also dig into the biggest blocker to scaling in Europe — not politics, but capital and perception — and why Gridmetry is already the largest balancing provider by activated hours in Sweden's SE1 zone. They close with a rapid-fire round covering the best EU market for mining (Northern Sweden), why miners make better "batteries" than actual batteries, heat reuse vs. demand response, and Norway's ongoing Bitcoin mining moratorium. ⏱ TIMESTAMPS 0:00 – Intro 0:52 – Why Gridmetry focuses on Northern Europe 1:55 – State of the bear market & hash price at $30 4:07 – What Gridmetry does: flexibility-as-a-service explained 4:48 – Customer economics: demand response vs. heat reuse revenue 6:46 – Getting paid to be offline vs. mining at 95% uptime 7:40 – Three revenue streams from one megawatt hour 9:03 – How integration works for a mining farm 10:55 – Pricing model & pre-qualification process 11:44 – Requirements to qualify for demand response markets 12:42 – FCR, mFRR, FFR markets explained 13:23 – Preferred miner models (Bitmain, Canaan) 14:11 – Air-cooled vs. hydro-cooled fleets 14:27 – Can AI/GPU compute do the same? (not yet economical) 16:22 – Helping clients source machines 17:13 – Growth: 60MW under contract, where's next 20:48 – Biggest blockers: capital & perception in Europe 23:07 – Bridging Bitcoin and traditional energy conferences 28:12 – The unsolved problem of stranded power 33:34 – US behind-the-meter vs. Germany 34:54 – Rapid fire: best market, minimum size, old vs. new ASICs 35:39 – Are miners "better batteries" than actual batteries? 37:17 – Heat reuse vs. demand response: what's underrated 37:28 – Political blockers to scaling in Sweden 38:03 – Norway's mining moratorium explained 39:21 – Where to find Lukas & Gridmetry 🔗 RESOURCES 📲 HashrateUp Hardware Deals (Telegram): https://t.me/hashrateup 📩 Learn Bitcoin Mining (Free 5-Day Course): https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #DemandResponse #Gridmetry #Nordics #HashrateUp

  • July 6 · 59 min

    A Pulse Check on Bitcoin Mining w/ Kaan Farahani

    🛠 SPONSORED BY - Luxor – Mining software, firmware & hashrate tools https://luxor.tech/ - Altair Technology – ASIC hardware, replacement parts & mining infrastructure Code: HASHRATEUP https://altairtech.io - SoloMining – Home & solo mining made easy Code: HASHRATEUP https://solomining.de 🔗 LINKS FROM THIS EPISODE - Hashrate Index: https://hashrateindex.com/ - Kaan Farahani (X): https://x.com/brightsideBTC - Luxor Bitcoin mining services: hello@luxor.tech or https://luxor.tech 📄 OVERVIEW In this episode of HashrateUp, Jesse sits down with Kaan Farahani, Research Associate at Hashrate Index (Luxor), for a full data-driven pulse check on Bitcoin mining. Starting with a breakdown of Luxor's full-stack platform (pool, firmware, hardware trading, hashrate forward contracts, and ERCOT power services), Kaan and Jesse dig into the hard numbers: Bitcoin price fell from a $125K all-time high to the low $60Ks, USD hashprice hit a fresh all-time low of $27.74/PH/day in June 2026, and network difficulty has now declined for the first-ever recorded bear market in hashrate — down 12.3% year-to-date after peaking in October 2025. The conversation shifts to forward markets, where Kaan unpacks two years of hashrate forward contract data — nearly $300M in trading volume in 2025 alone. The headline finding: every rolling hedge strategy, regardless of duration or denomination, has outperformed spot Bitcoin mining since the 2024 halving. Over the trailing 12 months specifically, dollar-denominated hedges beat spot by up to 9%, while Bitcoin-denominated hedges lagged — a direct result of the ongoing AI/HPC compute competition for power and its effect on network difficulty. Jesse and Kaan also debate why the forward market is currently pricing in a return to 1+ zettahash of network hashrate by October 2026, despite AI/HPC infrastructure buildout showing no signs of slowing — and close out with a look at ERCOT's 4CP summer curtailment season and its seasonal drag on difficulty. ⚠️ DISCLAIMER This content is for informational purposes only and should not be construed as legal, investment, financial, or other advice. Nothing contained in this content constitutes a solicitation, recommendation, endorsement, or offer by Luxor or any Luxor employee to buy or sell any derivatives or other financial instruments in this or any other jurisdiction in which such solicitation or offer would be unlawful under the derivatives laws of such jurisdiction. There are risks associated with trading derivatives. Trading in derivatives involves risk of loss, loss of principal is possible. 🔗 RESOURCES 📲 HashrateUp Hardware Deals (Telegram): https://t.me/hashrateup 📩 Learn Bitcoin Mining (Free 5-Day Course): https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #Hashprice #HashrateIndex #Luxor #MiningData #HashrateUp

  • July 1 · 49 min

    Bitcoin Mining + BLOC = 60% More BTC w/ Steven Wilson

    🛠 Sponsored by: Luxor, Mining software, firmware & hashrate tools https://luxor.tech/ Altair Technology, ASIC hardware, replacement parts & mining infrastructure Code: HASHRATEUP https://altairtech.io SoloMining, Home & solo mining made easy Code: HASHRATEUP https://solomining.de 🔗 Links from this episode: BTC Backed Loans: https://firefish.io?ref=satoshi2984 Wilson Mining: https://wilsonmining.io/ https://x.com/WilsonMining/status/2033302654110065092?s=20 https://x.com/WilsonMining/status/2047725129288110136?s=20 https://x.com/WilsonMining/status/2049635444652978514?s=20 In this episode of HashrateUp, Jesse sits back down with Steven Wilson (Wilson Mining) to break down BLOC — Bitcoin Line of Credit — and why it may be one of the most underused tools for miners trying to survive the current hashprice bear market. Starting with an update on Wilson Mining's move from Iowa to Nebraska and where hashprice sits right now ($32/PH/day), Steven and Jesse get into the core idea: instead of selling mined Bitcoin every month to cover hosting bills, miners can borrow against their BTC holdings and pay operating expenses with the loan — keeping their Bitcoin in place while they wait for better prices. Using a real model (S21 Pro, 245T, hosted at 8¢/kWh, 4-year period, LTV capped at 15%), Steven walks through the numbers: without BLOC, a miner nets 0.02 BTC. With BLOC, that number jumps to 0.32 BTC — a 60% difference in final Bitcoin holdings, driven entirely by not being forced to sell during weak price periods. The conversation also covers why buying ASICs on credit is a bad idea (unlike BTC, they depreciate fast), how LTV and liquidation risk actually work, why rolling lines of credit (Strike-style) beat fixed 12-month loans, and how BLOC ties into US tax strategy for miners. Steven closes with rapid-fire advice on safe starting LTV, liquidation buffers, and the biggest mistake miners make with Bitcoin-backed loans. ⚠️ Neither Jesse nor Steven are financial advisors. This is not financial advice — treat Bitcoin-backed loans with caution and do your own research. TIMESTAMPS: 0:00 Intro & disclaimer 2:30 Wilson Mining update: move from Iowa to Nebraska 5:00 Market conditions: $32 hashprice, -10% difficulty 9:00 What is BLOC? Bitcoin Line of Credit explained 14:00 Commodity storage analogy (corn & soybeans) 18:30 Why you shouldn't buy ASICs on credit 23:00 LTV & liquidation risk explained 27:30 Case study: 0.02 BTC vs 0.32 BTC over 4 years 33:00 Rolling credit lines vs 12-month loans 38:00 Tax advantages for US miners 43:00 Rapid fire: safe LTV, liquidation buffer, biggest mistakes 47:00 Advice for first-time miners 📲 HashrateUp Hardware Deals Telegram: https://t.me/hashrateup 📩 Learn Bitcoin Mining (Free 5 Day Course) https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #BLOC #BitcoinLoan #WilsonMining #Hashprice #HashrateUp

  • June 27 · 21 min

    The First Bitcoin Hashrate Bear Market Ever [NEWS]

    🛠 SPONSORED BY - Luxor – Mining software, firmware & hashrate tools https://luxor.tech/ - SoloMining – Home & solo mining made easy Code: HASHRATEUP https://solomining.de - Altair Technology – Buy Bitcoin mining solutions Code: HASHRATEUP https://altairtech.io - BTC Backed Loans: https://firefish.io?ref=satoshi2984 📄 OVERVIEW In this news episode of HashrateUp, Jesse breaks down what may be the first-ever Bitcoin hashrate bear market — and the structural force behind it: the AI pivot pulling power away from mining for good. Starting with a Hashrate Index update at $31.25/PH/day, Jesse walks through the -10% difficulty drop (with a +5.83% adjustment incoming), the 4CP season, and Texas summer curtailment driving the volatility. But the bigger story is structural: public miners are no longer maximizing hashrate at all costs — they're deciding how much of their power should stay on Bitcoin versus shift to AI and HPC. From there the episode opens into the policy and energy picture reshaping the industry: ERCOT's newly approved Batch Zero framework, 438 GW of data center interconnection requests (5x Texas's all-time peak demand), Microsoft's 2 GW West Texas AI campus, FERC ordering grid operators to fast-track large loads, and PJM's $23B warning as wholesale power costs jump 75% year over year. Plus Oman's mandatory national mining pool, Hive's $220M sovereign AI deal, and why Jesse thinks Luxor's forward hashrate market may be mispriced — a trade he's tempted to fade. The throughline: hashrate may simply not come back this cycle. As more companies pivot to AI, the miners who survive will be the ones who already think like power developers — and that power-first playbook is becoming a real competitive edge. ⏱ TIMESTAMPS 0:00 – Intro & Hashrate Index update — $31.25/PH/day 1:17 – 4CP season, Texas curtailment & the -10% difficulty drop 2:27 – The AI pivot: every article is an AI story 3:33 – ERCOT Batch Zero & 438 GW of data center requests 7:10 – Microsoft's 2GW West Texas AI campus & FERC fast-tracking 9:27 – Oman launches a mandatory national mining pool 11:09 – Sponsor: Luxor & the forward hashrate market 14:49 – Bitcoin miners, AI re-pricing & the first hashrate bear market 18:08 – Data centers blocked & PJM's $23B power cost warning 20:17 – The power-first playbook as a miner's edge 🔗 RESOURCES 📲 HashrateUp Hardware Deals (Telegram): https://t.me/hashrateup 📩 Learn Bitcoin Mining (Free 5-Day Course): https://hashrateup.com/newsletter-sign-up/ #BitcoinMining #Hashrate #AIPivot #ERCOT #Hashprice #HashrateUp

  • June 21 · 8 min

    Introducing My New Venture: Bushmining

    🔗 Bush Mining: Website: https://bushmining.com In this episode of HashrateUp, Jesse introduces Bush Mining, his new venture with partner Conrad, and walks through the live pilot project: a hydro-powered farm in South Africa's Eastern Cape that turns stranded, wasted power into Bitcoin mining revenue. Jesse breaks down the flexible-compute model that makes it work: a site survey identifies surplus power, metering and load controllers measure what's truly available, and ASIC miners soak up only the stranded energy that would otherwise be dumped as heat. Local needs always come first, the load follows the site, and the system can switch off from full load to near-zero in under 0.4 seconds the moment power is needed elsewhere. The conversation then opens up into the bigger picture: why so much renewable generation goes to waste, and how flexible Bitcoin mining can make otherwise unviable energy projects pencil out. Whether you operate a farm with excess solar, sit on stranded hydro, or want to build an energy asset that nobody could justify before, this one shows how surplus power becomes income, fully scalable from a single machine to half a megawatt in a shipping container. TIMESTAMPS: 0:00 Intro: introducing Bush Mining 0:32 The idea: turning wasted power into revenue 0:48 Flexible compute, wherever surplus exists 1:05 The Eastern Cape pilot goes live 1:24 How it works: surplus first, local needs always come first 2:28 Switching off in under 0.4 seconds 3:13 Power source, metering & flexible compute 3:37 Remote operations & load following the site 4:00 The pilot site 4:36 Islanded grid: power that can't be sold 5:18 From dump load to productive mining 5:27 Scalability: one machine to a megawatt 5:59 The 40-year-old hydro dam up close 6:30 Existing dump load vs Bush Mining 7:16 Customer portal preview & next steps 7:24 Who should reach out 🛠 Sponsored by: SoloMining, Home & solo mining made easy Code: HASHRATEUP https://solomining.de Altair Technology, Buy Bitcoin Mining Solutions Code: HASHRATEUP https://altairtech.io Luxor, Mining software, firmware & hashrate tools https://luxor.tech/ 📲 HashrateUp Hardware Deals Telegram: https://t.me/hashrateup 📩 Learn Bitcoin Mining (Free 5 Day Course) https://hashrateup.com/newsletter-sign-up/

  • June 12 · 43 min

    Why This Oil Company Buys Bitcoin Miners for $30 w/ Brad Cuddy

    🔗 Brad Cuddy: Website: https://chollainc.com/energy X (Twitter): https://x.com/_BradCuddy_ LinkedIn: https://www.linkedin.com/in/bradleycuddy/ In this episode of HashrateUp, Jesse sits down with Brad Cuddy, Director of Energy Operations at Cholla Inc., to unpack the "ASIC retirement home" strategy: buying S19 J Pros for $30 a unit and making them profitable on ultra-cheap Texas power. Brad explains how Cholla, a three-generation oil & gas exploration company, turned its mining arm into an R&D lab for the wider industry: flexible-load curtailment in ERCOT's energy-only market, early bets on hydro and immersion cooling, and breaking even by mining only when power is cheap. The conversation then widens into the structural shift reshaping mining: pubcos liquidating fleets, megawatts and ASICs being lost to the AI pivot, and what that means for US hashrate. Whether you run flexible load, hunt for low-cost ASICs, or want to understand where Bitcoin mining goes as AI swallows power capacity, this one is packed with ground-level insight from someone operating at the source. TIMESTAMPS: 0:00 Intro & the $30 ASIC tweet 1:30 What Cholla Inc. actually does 5:00 Flexible load: mining only when power is cheap 8:30 Why Bitcoin is the most unique commodity business 12:00 Demand-response software stack (Load, Foreman, Luxor) 15:30 Curtailment strike prices & response times 18:30 Whatsminer vs custom firmware for flexible load 22:00 The $30 S19 J Pro retirement home strategy 26:00 Scrap value as the new price floor 29:00 Pubcos, AI pivot & where lost hashrate goes 33:00 Securing megawatts in B/C-tier jurisdictions 36:00 Oil exploration, Waha pricing & powered-land development 40:00 Rapid fire: best units, hydro vs air, efficiency jumps 🛠 Sponsored by: SoloMining, Home & solo mining made easy Code: HASHRATEUP https://solomining.de Altair Technology, Buy Bitcoin Mining Solutions Code: HASHRATEUP https://altairtech.io Luxor, Mining software, firmware & hashrate tools https://luxor.tech/ 📲 HashrateUp Hardware Deals Telegram: https://t.me/hashrateup 📩 Learn Bitcoin Mining (Free 5 Day Course) https://hashrateup.com/newsletter-sign-up/

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