HashrateUp - A Bitcoin Mining Podcast

Sergey Klentsov of BiXBiT joins Jesse to explain why Whatsminers have so little custom firmware support, and how a failed hashboard no longer has to take a whole machine offline.

They break down 20+ tuning profiles, remote hashboard disabling for remote sites, how the firmware fee works without invoices, AI-based predictive maintenance, and how fast hashrate returns if Bitcoin hits $500k.

TIMESTAMPS:

0:00 Introduction

0:22 20+ profiles & auto temperature tuning

1:07 Keep mining when a hashboard fails

2:08 Ambient temperature auto stop & resume

3:26 How immersion cooling led BiXBiT to firmware

5:07 Why so few firmwares exist for Whatsminer

8:46 Faster ramp-up mode for large fleets

10:31 How the 2.8% firmware fee works

14:25 AI, AMS monitoring & predictive maintenance

19:38 Texas immersion site at 45°C for 100+ days

21:37 Pool plans & mixing hashboards

25:15 Public miners pivoting to AI

27:20 How fast hashrate returns at $500k Bitcoin

29:54 Where to find BiXBiT

SERGEY KLENTSOV:

LinkedIn: https://www.linkedin.com/in/sergey-klentsov-b8010517a/

BiXBiT: https://bixbit.io/en

BiXBiT Firmware: https://bixbit.io/en/firmwares

BiXBiT AMS Monitoring: https://bixbit.io/en/ams

SPONSORS:

SoloMining. Home and solo mining made easy

Code: HASHRATEUP

https://solomining.de

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 #Whatsminer #ASICFirmware

Is hashrate the next major commodity? Francisco Quadrio Monteiro (BD & Strategy at POW.RE) joins Jesse to break down how a Bitcoin hashrate OTC desk prices risk, who is buying hashrate today, and why hashprice could land around $70–80 within the next 12 months.

Since leaving Paraguay, POW.RE has shifted to trading physically delivered hashrate. Francisco explains why difficulty is now the only real risk factor in BTC-denominated contracts, why past data is a poor guide in today's market, and why Bitcoin treasury companies like Strategy should be deploying capital into mining.

TIMESTAMPS:

0:00 Introduction

1:21 How POW.RE got its name

2:15 From Paraguay to hashrate trading

3:37 Modeling difficulty: the secret sauce

4:33 Why past data can't predict hashrate anymore

6:07 The $100 hashprice thesis

8:11 Francisco's call: $70–80 hashprice in 12 months

8:49 Why each new megawatt moves difficulty less

10:02 Hashprice in BTC vs USD terms

10:55 Where unplugged ASICs are going

13:12 What matters most in a hashrate contract

14:51 Who's buying hashrate right now

16:22 Hosting providers buying hashrate for uptime

17:56 The eCash hard fork explained

20:10 Mining + DCA: lower-volatility accumulation

23:32 Why you should pay your hosting bill weekly

25:32 What asset managers can learn from mining

26:20 Treasury company growth assumptions vs cost to mine

29:20 Why Strategy should be mining Bitcoin

32:04 Why the ability to spend Bitcoin matters

34:38 Block space is as scarce as Bitcoin

35:29 Lightning, stablecoins & the security budget

36:39 Block space forward markets

37:23 Making solo mining more exciting

41:29 Lightning payouts straight from the pool

43:09 Orange-pilling Dad with an S9 heater

44:34 Business ideas & the future of FPPS pools

46:48 Outro

KEY TOPICS:

• Hashrate as a commodity and BTC-denominated contracts

• Hashprice outlook and difficulty modeling

• Who buys hashrate: fork speculators, political signaling, hosting providers

• Mining + DCA as a lower-volatility accumulation strategy

• Block space scarcity, Lightning payouts and the mining x gambling crossover

🔗 Francisco Quadrio Monteiro:

LinkedIn: https://www.linkedin.com/in/fquadriomonteiro

X: https://x.com/f_monteiro98

POW.RE Hashrate Desk: https://pow.re

🛠 Sponsored by:

Altair Technology – ASICs, parts, PSUs, PDUs & consulting | Code: HASHRATEUP | https://altairtech.io

📲 HashrateUp Hardware Deals: https://t.me/hashrateup

📩 Free 5-Day Bitcoin Mining Course: https://hashrateup.com/newsletter-sign-up/

#BitcoinMining #Hashrate #Hashprice #HashrateUp #BitcoinDerivatives

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: [email protected]

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

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

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

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

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

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

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

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