Editor's Note
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The hashprice supercycle is real. Bitcoin’s hashprice topped $0.42 for the first time since June 2019. For the normies, hashprice is a simple metric for measuring daily dollar-denominated mining revenue per terahash per second. Up only!
Beyond the price though, the past week has been a busy and exciting one for miners. From more IPOs (shoutout Stronghold) to Twitter saturated with pictures and videos of at-home mining setups, miners were active and chatty.
Thanks as always for browsing this weekend’s Mining Memo. It’s pretty crazy how many of you are regularly reading this newsletter. Thanks. 🙏
– Zack
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Just Click It
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- Kazakhstan sets power a total power limit of 100 MW for its cryptocurrency mining industry.
- Russia’s oil industry asks regulators to approve crypto mining with flare gas.
- Hut 8 buys 12,000 new MicroBT machines.
- Stronghold raises $127 million from its IPO.
- Cypherpunk Holdings announced its purchase of 25 S19J Pros from MiningStore.
- BIT Mining invests another $11 million in its Ohio facility to add more capacity.
- Atlas Mining is migrating lots of ASICs from China to the US.
- Argo gets “buy” ratings from a slew of Wall Street investment analysts.
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The D.I.Y. Guide To Immersion Mining At Home
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A panel of immersion miners talk about the tools and designs they used for their at-home mining rigs
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Nuclear Energy Can Transform Bitcoin Mining
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Is MEV good or bad for blockchains? Why should average miners care about it? This clip answers those questions.
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Financial Sovereignty Through Mining Bitcoin
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Bitcoin mining creates financial opportunities that never existed for individuals around the world.
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Jefferies published a 24-page primer on Bitcoin mining. Here are the highlights.
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Jeffries published a 24-page primer that gives a fairly comprehensive introduction to mining for institutional investors. The breadth and depth of the primer sends a powerful message of traditional finance’s awareness of the mining industry.
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Here's a review of public mining companies' Q2 performance and what to look for in Q3 earnings.
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RIOT, MARA, and BTBT increased revenue by an astounding 1,669%, 10,147%, and 4,102%, respectively. It’s evident that miners are aggressively investing in mining operations, contributing to revenue growth.
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Ethereum developers delay the Difficulty Bomb, again.
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Ethereum developers have diffused the infamous “difficulty bomb” for a fifth time in a bid to give the network breathing room ahead of a transition to proof-of-stake. The difficulty bomb was originally included into Ethereum’s architecture with
its first hard fork, Frontier Thawing, in 2015.
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Compass Community
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- Shoutout to @jacobfellure for starting his new at-home mining journey with Compass.
- Livestream guest @theGianMendoza showcases his LED-lit immersion mining setup at home.
- An anonymous Compass miner shares his experience and describes the Compass Mining process in this article for Estudio Bitcoin.
- New Compass miner @fritz_pearls is eagerly waiting for his S19j Pro to come online.
- Compass miner @nikoiceman shares data from his first month of mining.
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Written by Zack Voell, Lili Rhodes , and
Will Foxley
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About Compass: Compass is a Bitcoin mining and modern media company focused on driving the mass adoption of cryptocurrency mining.
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