HashrateUp - A Bitcoin Mining Podcast

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Oct 2026

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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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October 23, 202635 min

The Era of Giant Bitcoin Mines Is Over

Curtailing your mine can cost you more than running it. Dan Lawrence, CEO and co-founder of OBM, started mining in a garage in Maryland in 2017 and built Foreman to stop driving an hour to reboot machines. Today Foreman turns Bitcoin miners on and off based on power prices, profitability and grid stress. Now Dan is building Vantage, a platform that reads the utility meter every 10 seconds and shows miners what their power bill really looks like. Dan explains why demand charges punish miners who shut down, how one peak early in the month sets your bill for the entire cycle, and why many sites overshoot demand response events and give up production for nothing. He says the era of 100 to 300 MW Bitcoin mines in North America is ending, and the future belongs to smaller sites on stranded wind, underutilized transformers and co-located power. I also ask Dan about how customers vote on Foreman's roadmap, why OBM won't build firmware or run a pool, whether AI-built software can replace fleet management, the total addressable market problem of a Bitcoin SaaS company, what the AI pivot means for large miners, and why ASIC manufacturers are now mining their own machines. Nothing discussed is financial advice. Do your own diligence before making mining or hosting decisions. Guest: Dan Lawrence, CEO & Co-Founder of OBM (Foreman) OBM: https://obm.io Foreman: https://foreman.mn Email: dan@obm.io Telegram: https://t.me/foreman_dan Timestamps: 0:00 Intro 1:25 What Foreman is and what it does 3:35 From garage miners to fleet management 4:40 How customers vote on the roadmap 5:44 OBM, Foreman and Vantage explained 6:49 Paying for power the day after you use it 8:58 No firmware, no pool: why partnerships win 10:24 Can AI-built software replace fleet management? 12:33 The TAM problem of Bitcoin SaaS 15:04 Hashrate volatility and the AI pivot 16:08 Stranded wind and smaller sites in North America 17:35 Sponsor: Altair Technology 17:56 Why giant Bitcoin mines are over 21:53 Manufacturers mining their own machines 23:19 Off-grid solar and niche customers 25:06 Why miners don't switch software 27:16 Vantage: real-time meter data every 10 seconds 29:46 Demand charges: paying for capacity you don't use 31:34 Billing cycles most miners don't understand 32:38 Overshooting demand response events 33:43 Wrap-up 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 #Foreman #OBM #DemandResponse #EnergyCosts #MiningSoftware #HashrateUp

October 20, 202619 min

Now Live: HashrateUp Hydro Hosting - Think Long-Term

HashrateUp Hydro Hosting is live: enterprise-grade, hydro-cooled hosting in Texas, now open to small miners starting at just one machine. 👉 Get started: https://hashrateup.com After three years of selling miners and connecting clients directly with hosts, I've decided to aggregate smaller allocations for a facility that usually only works with large orders. In this video, I explain why I waited, why I think now is a great time to mine, and how to calculate your real cost to mine one Bitcoin. My thesis: with AI competing for power, slowing ASIC efficiency gains and constrained hashrate growth, hashprice can move sharply higher. I think it's heading toward $100. TIMESTAMPS: 0:00 Intro: HashrateUp Hydro Hosting 0:40 Why I avoided aggregated hosting until now 2:30 Proof of Prudence: cost vs. risk 3:45 Why now is a great time to mine 5:45 How to calculate your cost to mine 1 BTC 7:30 Bitcoin price outlook: CAGR, Saylor, Strive 10:00 Calculator walkthrough 12:00 Hashprice assumptions & the halving 14:00 Hosting terms 16:30 Transparent metering & billing 18:00 The site & available models 19:00 How to get started 📲 HashrateUp Hardware Deals: https://t.me/hashrateup 📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/ Not financial advice. Bitcoin mining involves hardware, operational and price risk. #BitcoinMining #HydroHosting #BitcoinHosting #Hashprice #HashrateUp

October 17, 202614 min

Public Miners Just Unplugged $1.5B of Hardware for AI [NEWS]

Public Bitcoin miners shed about 75 EH/s in the first half of 2026, roughly $1.5 billion worth of mining hardware, as their power moves to AI. In this NEWS episode, Jesse breaks down who is leaving, where the hashrate is going and what it means for the miners who stay. Hashprice is back at $38.88, but a +6.3% difficulty adjustment is coming. Ethiopia cuts miners' power by 75%, CleanSpark's $6.6B lease turns out to be with Meta, and public miners carry $35B in AI debt. Meanwhile the US keeps losing hashrate while Pakistan, Venezuela and Paraguay come back online, Foundry's founding CEO steps down and Binance shuts its mining pool. Nothing discussed is financial advice. Do your own diligence before making mining or hosting decisions. Sources: Ethiopia cuts miners' power by 75%: https://news.bitcoin.com/mining/ethiopias-bitcoin-mining-boom-just-ran-into-a-water-problem/ AI infrastructure debt reaches $35B: https://forklog.com/en/news/debt-financing-for-miners-and-ai-firms-reaches-35-billion CleanSpark names Meta as Sandersville tenant: https://thedeepdive.ca/cleanspark-reveals-meta-behind-6-6-billion-ai-lease-requires-2-23-billion-financing/ Bitcoin's Great Unplug: https://news.bitcoin.com/bitcoins-great-unplug-1-5-billion-in-hardware-behind-the-ai-pivot/ Global Hashrate Heatmap Q4 2026: https://hashrateindex.com/blog/global-hashrate-heatmap-update-q4-2026-c/ Foundry CEO steps down: https://cryptobriefing.com/foundry-ceo-mike-colyer-steps-down/ TeraWulf expands Muskie to 1 GW: https://news.constructconnect.com/terawulf-expands-kentucky-data-center-power-commitment-to-1-gw Binance shuts down its mining pool: https://cointelegraph.com/news/binance-shut-down-crypto-mining-pool-november Timestamps: 0:00 Hashprice $38.88 and a +6.3% difficulty adjustment 0:00 Hashrate back to May levels 0:00 Ethiopia cuts mining power by 75% 0:00 $35B in debt behind the AI build-out 0:00 CleanSpark's $6.6B Meta lease 0:00 Sponsor: Altair Technology 0:00 Bitcoin's Great Unplug: $1.5B in hardware 0:00 Where hashrate is moving: Q4 heatmap by country 0:00 Foundry CEO steps down as block share falls 0:00 TeraWulf expands to 1 GW 0:00 Binance shuts down its mining pool 0:00 Hydro hosting aggregation, starting from one machine 0:00 Outlook: hashrate vs difficulty 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 #AIPivot #MiningPools #Ethiopia #CleanSpark #BitcoinNews #HashrateUp

October 14, 202636 min

He Mined in UAE & Ethiopia. Both Turned Against Him.

Cheap power means nothing if the government turns against you. Giannis Andreou, CEO of Bitmern Mining, started hosting Bitcoin miners in the UAE on agricultural power below 6¢/kWh, was forced out when the government banned that power, moved to Ethiopia, and is now watching the same story repeat as the Ethiopian government takes over mining and large operators pack up and leave. Giannis breaks down what went wrong in both countries, why it took 45 days to get his miners out of the UAE, how Ethiopia's uptime fell to 70% before things got worse, and why exporting miners from Ethiopia comes with a 35% tax. His conclusion: own the land and the infrastructure, or don't build on it at all. We also cover his pivot to buying two farms in Texas (5.5 MW and 8 MW), why AI data centers pay 17 to 25¢/kWh while he found power at 3.9¢, why he stopped retail hosting, a 20 MW joint venture opportunity in Brazil, and how he borrowed against mined Bitcoin to pay for power at $25K and held it to $107K. Nothing discussed is financial advice. Do your own diligence before making mining or hosting decisions. Guest: Giannis Andreou, Founder & CEO of Bitmern Mining Bitmern Mining: https://www.bitmernmining.com Bitmern on YouTube: https://www.youtube.com/@bitmernmining Giannis on X: https://x.com/gandreou007 Giannis on Instagram: https://www.instagram.com/gianisandreou Giannis on LinkedIn: https://www.linkedin.com/in/giannisandreou/ Timestamps: 0:00 Intro 0:46 From crypto YouTuber to Bitcoin miner 2:23 Central banks and the case for mining 4:21 Greece, Cyprus and the banking crisis 6:39 Why the UAE in 2023 7:35 Agricultural power below 6¢/kWh 8:43 Renting farms vs building your own 9:29 How to choose a hosting partner 11:07 Leaving the UAE: 45 days to move miners 12:30 UAE loopholes and $600K per MW capex 13:38 Ethiopia: from great to complete disaster 15:02 The lesson: own the land and the farm 15:45 Sponsor: Altair Technology 16:16 Why 30 minutes from the airport is a red flag 17:40 The pivot: buying 5.5 MW and 8 MW in Texas 18:37 Bitcoin mining vs AI: 3.9¢ vs 25¢/kWh 21:12 Why he stopped retail hosting 22:56 Finland, Norway and the hidden costs abroad 23:44 Ethiopia's 35% export tax on miners 24:44 Manufacturer JVs and 20 MW in Brazil 25:51 Is Bitcoin mining becoming institutional only? 27:31 Why hashrate didn't drop at $60K 28:36 Will Bitcoin average above $120K? 30:31 Borrowing against BTC to pay for power 32:51 Communicating downtime to customers 34:18 Bribes, quotas and the 20% energy rule 35:24 Wrap-up 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 #Ethiopia #UAE #BitmernMining #TexasMining #MiningHosting #HashrateUp

September 26, 202656 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, 202641 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, 202634 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, 202618 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, 202640 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, 202631 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