bitcoin mining
-
It will take some time to figure out if tracking the energy efficiency and computational power progression of the bitcoin ASIC Mining Machine has anything to do with the anticipated value of bitcoin. Under the current parameters of the model, Power Efficiency Theory suggests that Bitcoin could approach roughly $2-$3 million per coin by 2045,…
-
Let me be very clear. Power Efficiency Theory seeks to measure verifiable energy metrics directly related to the bitcoin protocol. I contend that the individual system (the ASIC machine) is the most reliable way to measure the anticipated value of bitcoin. You can collect metrics using the Individual systems or the entire system, but there…
-
Power Efficiency Theory (P Theory) models the long-term valuation trajectory of a technological system by measuring the combined progression of computational power and energy efficiency. In Bitcoin mining hardware, these two variables are represented by hashrate output and energy efficiency measured in joules per terahash (J/TH). As computational power increases and energy required per unit…
-
Power Efficiency Theory is built on ideas borrowed from physics, but it is important to be precise about how those ideas are used. In physics, force describes the ability of a system to cause or resist acceleration. It tells us what a structure can withstand or exert under load. A building, for example, has force…
-
Energy could be considered a form of currency. But we’re (probably) not that far along, yet (as a society). The closest thing we have is an electronic P2P payment system that requires energy to work. It’s called bitcoin. It’s a fascinating science experiment that has required us (humanity) to rethink the fundamentals of computer security,…
-
Bitcoin is (probably) for everyone. But, from an account of comprehensive independent research, deploying and managing thousands of ASIC Mining servers in below-freezing temperature in the middle of nowhere is (probably) not for everyone. The operation of a network like this is physically expensive, to say the least. But this extreme physical cost in security…
-
Power Efficiency Theory states that the value of a thing is determined by how fast its performance improves and how quickly its energy cost per unit output declines. Starting from an initial value V₀, the value grows each year by the performance improvement factor (1 + rₚ) and is scaled upward by the inverse of…
-
Pickaxe is an open-source software agent developed for use with Foreman.mn, a Bitcoin mining management platform. It serves as the intermediary between ASIC mining hardware and the Foreman dashboard, enabling operators to collect, transmit, and visualize real-time performance data. Running locally on a computer or server within the mining environment, Pickaxe queries miners directly to…
-
The Bitcoin Mining Air Coolant Energy Operation Equation offers a simple way for bitcoin mining engineers to translate machine count into megawatts in a language that utility operators and engineers understand. The core idea is that modern air cooled ASIC miners usually draw around 3,000 to 3,500 watts per machine, so a fleet’s IT load…
-
DIN EN ISO 12100 is a European machinery-safety standard that establishes the foundational principles for the design, risk assessment, and hazard mitigation of machines and machine assemblies. It defines a machine as an integrated system of connected components, including at least one moving part, powered by a source other than human or animal effort and…
-
Mawson Infrastructure Group Inc. (NASDAQ: MIGI) announced two significant corporate developments that signal renewed stability and technological expansion. The U.S. Bankruptcy Court for the District of Delaware has officially dismissed the involuntary Chapter 11 petition previously filed against the company by certain Australian-based entities. The dismissal removes a cloud of legal uncertainty that had surrounded…
-
Strategy Inc. (ticker: STRC), a subsidiary of MicroStrategy Incorporated, announced the annual dividend rate on its preferred stock has been raised to 10.25%. The increase follows earlier reports the rate stood at 10% and rises to 10.25% starting with dividends for the period ending October 31. Saylor posted on his X account: “Stretch your income.…
