Category: Research

  • SimpleEarn TH Reinvestment vs BTC Earn: A 5-Year Study

    SimpleEarn TH reinvestment offers an interesting choice: should you use your SimpleEarn rewards to accumulate Bitcoin directly, or take advantage of the +10% boost and reinvest those rewards into mining power? To find out, I modeled SimpleEarn TH reinvestment against taking the rewards in BTC over five years. The comparison uses 40,000 Monte Carlo paths…

  • My GoMining Farm Strategy: The Road to 125% OPEX Coverage

    My GoMining farm strategy is currently focused on one thing: strengthening the farm before aggressively expanding hashpower. The farm has now reached 501 TH at 14.56 W/TH, entirely on a Greedy Miner. But rather than simply buying more TH, my current priority is building a stronger financial foundation around those miners. This follows the philosophy…

  • Build the Farm First

    A strong GoMining GMT foundation should come before aggressive TH expansion. Before building a larger mining operation, build the support system that can keep it alive through the harshest times. Growth should not come first. Survival should. Think of your GoMining portfolio as a kingdom. TH is your army: it goes into the field and…

  • Part 5: Optimal Strategy – How to deploy capital

    The Optimal GoMining strategy is the focus of Part 5 of The Economics of Gomining. After exploring miner lifetime, GoMining versus buying Bitcoin, energy efficiency, and the GoMining Trifecta in Parts 1–4, I now bring everything together to answer one question: how should fresh capital be deployed? Using 10,000 Monte Carlo simulations, I model how…

  • Part 3: The Economics of Energy Efficiency

    This GoMining EE upgrade strategy study examines whether miners should continually buy frontier energy efficiency or wait for older efficiency generations to become cheaper. In Part 1 of this series, I examined the lifetime economics of a passive GoMining miner: how much Bitcoin it may produce, how long it remains economically viable, and its effective…

  • Part 2: GoMining versus Buying Bitcoin

    GoMining versus buying Bitcoin is the fundamental comparison every miner should make. If I have $10,000 to deploy, am I better off buying a GoMining miner—or simply buying Bitcoin and holding it? In Part 1 of The Economics of GoMining, I looked at how much Bitcoin a passive GoMining miner could generate over its economic…

  • Part 1: The Lifetime of a GoMining Miner

    How much Bitcoin can a GoMining miner generate over its lifetime? This GoMining miner lifetime analysis tests what happens if you simply buy a miner and leave it alone. For Part 1 of this series, I wanted the simplest possible experiment: Invest $10,000. Make no upgrades. Add no hashpower. Mine until the miner reaches economic…

  • The Economics of Goming: What Does a GoMining Miner Really Return?

    The economics of GoMining are more complicated than simply asking whether a miner is profitable. A GoMining miner produces Bitcoin over time, but its real return depends on network difficulty, electricity and maintenance costs, energy efficiency—and what you choose to do with the BTC it generates. So, is GoMining actually a good investment? It sounds…

  • To Prepare for the Future, I’ve Shifted My Hashpower to My Greedy Machine

    My GoMining Greedy Machine is becoming the core of my mining farm. With GoMining changing the way it prices hashpower, I’ve decided to restructure my farm and prepare for a future where TH prices may become much more dynamic. GoMining has announced that the price of its 12 W/TH miners will increase from $16.99/TH to…

  • Energy Efficiency Is a Risk-Control Strategy

    When investing through GoMining digital miners, buying more TH and improving energy efficiency (EE) may both improve your mining position — but they do fundamentally different things. TH increases your upside. EE helps control your downside. That is why I increasingly view GoMining energy efficiency not simply as an upgrade, but as a risk-control strategy.…