Visualization of block 776207. The larger blocks are inscriptions. | Source: mempool.space

Hashrate Index Roundup (February 12, 2023)

Ordinal inscriptions are starting to put pressure on transaction fees.

Colin Harper
Colin Harper
Hashrate Index Newsletter

Bitcoin Mining Stocks: January 2023 Production Updates

The public bitcoin miners have released their production updates for the first month of 2023, revealing continuous hashrate expansion and significant growth in bitcoin production from the previous month. January saw a massive rebound in mining stocks thanks to the bitcoin price increasing by 40%. In 2023, we will publish

Jaran Mellerud
Jaran Mellerud
Bitcoin mining in Paraguay

Bitcoin Mining Around the World: Paraguay

Paraguay is a rising leader in Latin America's Bitcoin mining industry.

Colin Harper
Colin Harper / Erick Vera
Hashrate Index Newsletter

Do the public miners spend too much on administration?

Public bitcoin mining companies have historically spent a higher share of their revenues on administration than firms from comparable sectors. These administrative spending habits have raised concerns from investors experienced in similar but more mature industries like gold mining, tech, or oil and gas. Like these investors, I struggle with

Jaran Mellerud
Jaran Mellerud
Public Miner Analysis
Ordinal NFT inscriptions | Source: Ordinals.com

Hashrate Index Roundup (February 5, 2023)

A new way to mint NFTs on Bitcoin ignited debate this week.

Colin Harper
Colin Harper
Hashrate Index Newsletter

Energy Arbitrage: Analyzing Bitcoin Mining’s Historical Revenue per kWh

Bitcoin miners participate in an energy arbitrage game by expending energy to generate bitcoin. Therefore, when analyzing bitcoin mining profitability, it can be helpful to look at how much miners earn per unit of energy they consume. This metric is called the revenue per kWh. In this article, I explain

Jaran Mellerud
Jaran Mellerud
Bitcoin Mining Concepts
A screenshot of Ordinal Shrooms NFTs that were minted on February 2, 2023

WTF are Ordinals, Inscriptions, and Digital Artifacts?

Ordinal NFTs (aka digital artifacts or inscriptions) allow users to mint non-fungible tokens onto Bitcoin's blockchain - image and all.

Colin Harper
Colin Harper
Hashrate Index Newsletter

January Luxor Hashrate Derivatives Recap

Trading Activity, Market Participants, Hashprice Movement, and Contract Performance for Luxor’s First January 1-Month Hashprice NDF.

Ben Harper
Hashrate Derivatives