On 5 September, spot hashprice prints $40.10 per petahash per day. Network hashrate sits near 936 EH/s. A difficulty retarget is estimated this Saturday. Three numbers. One job: turn electricity into bitcoin, sell the bitcoin for dollars, pay the power bill.

When spot lost $80,000, the miner’s dollar moved with it. ETF inflows do not pay the substation. The Bitcoin piece is another window.

What a retarget is

Every 2016 blocks the network retargets difficulty so that blocks stay near ten minutes. More hash, harder target. Less hash, easier. Saturday’s estimate is a schedule, not a promise of profit.

A French reader who “mines in the cloud” is often buying a contract, not a machine. Read the counterparty. A hardware wallet does not run a miner.

$40.10 per PH per day. 936 EH/s. A retarget on the calendar. The miner’s book is not Wall Street’s.— The newsroom

What is held, what is not

  • Held: hashprice $40.10/PH/day, ~936 EH/s, a Saturday retarget estimate, spot under $80,000 the same week.
  • Not held: miner capitulation. A hashrate crash. A buy on listed miners. A “bottom” in hashprice.

The useful line is accounting. Dollars per PH, hashes on the network, a clock that clicks every 2016 blocks. The rest is romance.

Sources: hashprice indexes and network estimates as reported. Nothing here is investment advice.