HashrateUp - A Bitcoin Mining Podcast

Jesse

HashrateUp is a podcast that delves into Bitcoin mining and exciting projects, utilizing hashrate production to unlock new potentials in the broader energy industry. From details about innovative mining operations to exciting applications powered by classic energy resources, we’ll discuss the various ways the Bitcoin network is powered and its impact on the environment. Join us as we talk with industry experts, researchers, and thought leaders to understand how Bitcoin is shaping the future of power and investigate the energy challenges and opportunities Bitcoin and its ecosystem bring to the table. Whether you are an industry professional, thought leader, or…

  1. 2d ago

    Hashprice Is Going to $80. Here’s Why.

    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

  2. Oct 23

    The Era of Giant Bitcoin Mines Is Over

    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: dan@obm.io 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

  3. Oct 20

    Now Live: HashrateUp Hydro Hosting - Think Long-Term

    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

  4. Oct 17

    Public Miners Just Unplugged $1.5B of Hardware for AI [NEWS]

    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

  5. Oct 14

    He Mined in UAE & Ethiopia. Both Turned Against Him.

    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

  6. Sep 26

    Texas Just Changed the Rules for Bitcoin Miners

    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

  7. Sep 22

    This Is the "Polymarket" for Bitcoin Miners

    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

  8. Sep 14

    This Bitcoin Boiler Pays for Itself in 2 Years

    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

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About

HashrateUp is a podcast that delves into Bitcoin mining and exciting projects, utilizing hashrate production to unlock new potentials in the broader energy industry. From details about innovative mining operations to exciting applications powered by classic energy resources, we’ll discuss the various ways the Bitcoin network is powered and its impact on the environment. Join us as we talk with industry experts, researchers, and thought leaders to understand how Bitcoin is shaping the future of power and investigate the energy challenges and opportunities Bitcoin and its ecosystem bring to the table. Whether you are an industry professional, thought leader, or…

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