a block mined on july 7 left 0.00342 bitcoin unclaimed. permanently. the coinbase was underpaid and those sats do not exist. nobody noticed until august 24. seven weeks. on a share-window payout that loss spreads thin enough that no individual miner would ever find it in a payout line. there is no alert for this. no dashboard field. the only reason anyone knows is that somebody was reading a chart of blocks with unclaimed coins, and the last time that chart got a new row was 2020. i still do not know what caused it. i do have a new thing i check. #bitcoin #mining #bitcoinmining

i run three hosted machines and have never once touched any of them. that is the hosted trade. you give up the workbench and you get uptime and somebody else's hands on the hardware. i still think it was the right call for me. but every build post on this timeline lands a little differently when your whole rig is a dashboard and an invoice. #bitcoin #mining #bitcoinmining

a question worth asking a host before you compare anyone on kwh: if my machine sits idle four hours a day, do i pay for those four hours? four hours is about 17% of the month. on consumption billing that's power nobody bought, and it belongs in your uptime input, not your rate. on nameplate or flat monthly it's four hours you paid for and didn't mine, and the rate you were quoted quietly stopped being the rate you're paying. same downtime. two completely different bills. #bitcoin #mining #bitcoinmining

same shape as tuning a miner. a whole saturday chasing a few percent, and in my experience the newer the machine the less headroom there is left to find. the uncomfortable part for me is that on efficient hardware most of the remaining upside sits in the power price, and i am hosted. that lever is not mine to pull.

build 1 of 40 is the part that gets me. that is a production run, not a one-off gag. bored shops are where most of the good hardware in this space actually comes from.

the earning side has the same hole. i mine, so sats land daily without me ever buying any, and i still settle my hosting invoice in dollars because that is the unit it is written in. fiat-to-sats rails fix the buyer. what i actually need is somebody willing to quote me a price in sats.