🪙 Seventeen years ago, on January 12, 2009, the creator of the first cryptocurrency, operating under the pseudonym Satoshi Nakamoto, sent the very first transaction on the network to developer Hal Finney.

In that initial transaction, Satoshi sent 10 coins as a test. Finney later mentioned it on his X (formerly Twitter), after which the phrase “Running bitcoin” became truly legendary. Over the following days, Finney exchanged emails with Bitcoin’s creator, helping identify and fix early bugs in the system.

Hal Finney played a crucial role in the history of digital gold and, according to one theory, may even have been its creator. However, Finney himself said that Satoshi’s true identity remained a mystery to him. He believed he was communicating with “a young man of Japanese descent — very intelligent and sincere.”

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🐂 Current price list as of 12.01.2026 for equipment orders

UMINERS — the largest distributor of mining equipment directly from manufacturers.

✅ Direct contracts with manufacturers Bitmain, MicroBT, Bitdeer and Canaan.
✅ Worldwide logistic service.
✅ 1-year warranty on all equipment from the manufacturer.
✅ Hosting in our data center on favorable terms.
✅ Personalized approach to each client.
✅ Localization of the company's offices in several countries around the world.

Contact our sales team:

🖇 sales@uminers.com
💬 WhatsApp
💬 Telegram
📞 +852 64825025
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Subscribe 🏆 @uminers

🐂 Current price list as of 14.01.2026 for equipment orders

UMINERS — the largest distributor of mining equipment directly from manufacturers.

✅ Direct contracts with manufacturers Bitmain, MicroBT, Bitdeer and Canaan.
✅ Worldwide logistic service.
✅ 1-year warranty on all equipment from the manufacturer.
✅ Hosting in our data center on favorable terms.
✅ Personalized approach to each client.
✅ Localization of the company's offices in several countries around the world.

Contact our sales team:

🖇 sales@uminers.com
💬 WhatsApp
💬 Telegram
📞 +852 64825025
―
Subscribe 🏆 @uminers

📈 Hashprice: one chart that explains almost everything

In mining, there are dozens of metrics: BTC price, network difficulty, fees, uptime, efficiency, electricity rates, and more. But there is one metric that brings all of this together into a single point — hashprice.

This is not a trading indicator. It reflects the current state of the network’s economics.

Hashprice is the daily revenue per unit of hashrate. In one chart, it combines BTC price, network difficulty, transaction fees, and competition among miners.

That’s why it’s more honest than any single metric on its own. The price of BTC can go up while hashprice goes down. Fees can spike without changing the overall picture.

Hashprice doesn’t show market sentiment — it shows how much the network actually pays for computation.

BTC price is an external factor; it’s the same for everyone.
Hashprice is the internal economy of mining.

When you analyze the chart, one thing becomes clear: this is not a flat line and not a simple “upward trend.” It’s a fluctuating economy with a life of its own. Hashprice can decline for months without any collapse in BTC price. It can recover without market euphoria. It reacts not to headlines, but to a combination of real factors.
BTC price can inspire.

Hashprice forces you to do the math.

Looking at the profitability chart over the last two cycles, one thing is clear: the current BTC price is still very far from triggering a new mining “gold rush” like in previous periods. Competition for new coins continues to grow, even though hashrate and network difficulty have recently shown relatively stable dynamics — without sharp growth or decline. We are far from repeating the scenarios of the last two cycles, and it’s possible that such a repetition may never happen again.

This chart makes no promises. It simply shows who survives, who earns, and who still hasn’t fully understood what’s really going on.

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🇬🇪 Crypto mining spikes in Georgia amid low electricity rates and favorable regulations

Georgia is reporting a surge in cryptocurrency mining spurred by affordable electricity prices and the legalization of the industry.

According to official stats, mining enterprises are now using around 5% of the electric energy generated in the South Caucasian nation.

More details on uminers.com

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🪙 Economics through engineering

In mining, results are still commonly explained by a single variable — the price of Bitcoin.

BTC goes up — the project is “successful.”
BTC goes down — “the market is to blame.”

This is an oversimplification. In practice, engineering decisions have a stronger and more stable impact on ROI than the price of BTC.

The price of Bitcoin is an external factor. Engineering is a controllable one.

BTC price does not depend on the operator, moves in cycles, and affects everyone equally. Engineering depends on the project’s architecture, determines real uptime, defines how many hours the equipment actually runs, and sets the true cost per hash.

Two sites with the same power rate and the same ASICs can have ROI differences of tens of percent — purely because of engineering.

❓Where engineering turns directly into money

➡️ Uptime

Even an extra 1–2% of real uptime across a large mining fleet delivers an effect many underestimate. This is not about nice numbers in a presentation — it’s about hundreds or thousands of additional operating hours per year. At scale, that directly translates into months — sometimes even a full year — difference in payback time for the same project with the same ASICs and the same power price.

This is not theory. These are real operating hours the market will not “gift” you.

➡️ MTTR (Mean Time to Repair)

Reducing MTTR on a large fleet means equipment returns to production not “someday,” but while the economics still matter. Every hour saved on repair and recovery turns directly into mined hash and realized revenue.

This is especially critical during peak periods, when margins are highest and downtime is most expensive. Fast recovery reduces the risk of cascading failures and prevents local issues from turning into systemic losses.

This is not a management abstraction. MTTR is a hidden ROI variable the market does not compensate for — and that cannot be “made up” by a rising BTC price.

➡️ Cooling and Thermal Design

Overheating and constant thermal cycling directly affect mining economics. They accelerate chip degradation, increase failure rates, and quietly shorten the real service life of ASICs. These effects rarely show up immediately — more often they accumulate over months and then surface as higher failure rates and declining real uptime.

A properly engineered thermal model and stable cooling deliver an impact that is hard to overstate. At scale, this approach often produces a stronger and more sustainable economic result than a short-term 10–15% BTC price rally — because it works every single day over the entire lifecycle of the equipment.

➡️ Power Infrastructure and Power Quality

Voltage drops, phase imbalance, poor connections, and electrical noise increase PSU and board failures, cause intermittent faults, and create hidden downtime. Over time, this drives MTTR higher and makes operations unstable.

These problems don’t show up on BTC price charts and don’t make headlines, but they directly hit project financials, quietly but systematically reducing real ROI.
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