ROI ASIC · Operator intelligence

Research for people who pay the power bill

Market signals, primary filings and practical operating logic - translated into decisions a mining site can actually use.

Mining economics · September 17, 2026

Miners for sale: why a Bitcoin mine is being converted for AI

A Bitcoin mine in Michigan has stopped operating. Its owner, Hyperscale Data, plans to sell the miners and convert the premises for an AI cloud provider. The company previously estimated the initial conversion work at $100 million to $120 million.

Read the conversion story →
S21 ≠ GPU New firmware cannot give them the capabilities of a GPU.
Bitcoin ownership · September 15, 2026

Bitcoin Has 21 Million Coins. It Has No Shareholder Register.

One enormous wallet can represent thousands of people. One person can use hundreds of addresses. As institutions become more visible in Bitcoin, the interesting question is what an ownership chart actually counts. A September 2026 investigation into the names, estimates and missing context behind the slices.

Read the ownership investigation →
21 million One supply limit. No shareholder register.
Bitcoin protocol · September 8, 2026

The Film We Will Never See. The Last Bitcoin We Will Never Mine.

A film waits in a safe until 2115. Bitcoin's final new satoshi waits behind a block-height rule expected to reach zero subsidy around 2140.

Open the 2140 Card →
2140 The subsidy reaches zero. Mining does not automatically stop.
Restart protocol · August 23, 2026

Your Miner Is Not Back When the Dashboard Says Online

Track the restart evidence chain from first boot to pool-accepted work, stable operation and a defensible rollout decision.

Open the recovery card →
7 gates EVENT. ONLINE. STARTUP. POOL. ACCEPTED. STABLE. DECIDE.
Measurement protocol · August 20, 2026

Your ASIC Has Three Hashrates

The miner says 200 TH/s. The pool says 193. A reproducible S21 canary protocol explains why both can be honest.

Run the honest benchmark →
24h ≠ proof Reconcile the dashboard, accepted work, credited work and wall power before scaling.
Fleet operations · August 19, 2026

Before You Buy Another ASIC

The tune, repair or replace decision, built from delivered fleet economics rather than nameplate assumptions.

Read the field guide →
3 paths Tune healthy hardware. Repair availability. Replace only when the full model wins.
Energy strategy · August 19, 2026

Bitcoin Mining Is Flexible - But Not at Any Price

New Texas research and Riot’s $21.0 million quarter show why curtailment is a moving threshold, not a switch.

Read the analysis →
$21.0M Riot power curtailment credits, Q1 2026

ROI ASIC / Next step

Put your own numbers into the decision

Use the ROI ASIC energy cost and J/TH calculator with measurements from the same operating period. The result covers energy cost, not every cost of mining.

Then watch the dev fee and electricity example to compare three illustrative profiles and avoid deducting the same fee twice.

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