Monday Mining Metrics: Hurricane Helene's Impact on US-Based Bitcoin Miners
Bitcoin Mining Update - 9/30/2024
Ocean Launches ‘DATUM’
Decentralized Alternative Templates for Universal Mining, also known as DATUM, is a newly launched Bitcoin mining protocol by Ocean.
Right now, “mining pools” arguably pose a risk to the decentralization of Bitcoin & Bitcoin mining. Most “Miners” are not constructing the actual Bitcoin blocks that they are mining – rather, they are simply hashing at block templates created by large pools. DATUM is an attempt to solve this issue by allowing miners to create block templates themselves — which prevents pools from having the ability to censor certain transactions.
To learn more about Ocean and what makes their Bitcoin mining pool different from other pool structures, check out this video on the Blockware YouTube channel.
CleanSpark Resumes Georgia Operations After Hurricane Helene
On Friday, Hurricane Helen unleashed tragedy upon the South Eastern United States. Florida, Georgia, Tennessee, and the Carolinas experienced billions of dollars worth of damages, widespread power outages, and above all, a tragic loss of human life. The severity of the situation cannot be understated.
CleanSpark has a huge presence in the state of Georgia, and their operations were impacted over the weekend. They curtailed 360 MW across their Georgia sites to provide energy support to the grid during a time of need.
Bitcoin miners are often unjustly criticized for their power consumption. What critics fail to understand is that the 360 MW of power consumed by CleanSpark facilities likely would not have been produced otherwise. By virtue of having this operation, that provides more power to be delivered to communities during times of need.
Read CleanSpark’s press release here: https://investors.cleanspark.com/news/news-details/2024/CleanSpark-Provides-Update-on-Hurricane-Helene/default.aspx
At this time last year, all of CleanSpark’s operations were located in the state of Georgia. However, recent expansion into Mississippi & Tennessee allowed them to maintain ~10.5 EH/s of production even during the storm. ‘Geographic diversification’ is a great strategy for Bitcoin miners of all sizes. Having your fleet spread across multiple jurisdictions protects against natural disasters, facility downtimes, and hostile political legislation. Blockware has facilities in five different US states in order to provide this optionality to our clients.
The map below shows the power outages caused by Hurricane Helene.
Blockware Learn
ICYMI – Blockware just launched a ‘Learn’ program on our marketplace!
Blockware Learn is a free program that consists of 9 modules providing beginner-level education on Bitcoin, Bitcoin Mining, and Blockware. If some of the topics discussed in this newsletter are confusing to you, or if you simply need a refresher on how Bitcoin & Mining works, this is a great resource for you!
Check out Blockware Learn Here.
Blockware Direct ASIC Pricing with Hosting
We have 100s of ASICs available for purchase right now on the Blockware Marketplace! Machines are sold turnkey which means you’ll be hashing as soon as your BTC payment is confirmed on-chain! Click here to start mining today.
For those seeking to purchase ASICs in bulk (with or without hosting), contact sales@blockwaresolutions.com or reach out here. Buying machines in bulk gives you access to better per-unit pricing than buying individual machines!
Contact sales@blockwaresolutions.com or reach out here.
All content is for informational purposes only. This Blockware Intelligence Newsletter is of general nature and does consider or address any individual circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal, business, financial or regulatory advice. You should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.
