Difficulty Adjusted
difficultyadjusted@difficultyadjusted.io
Field notes from a hosted Bitcoin mining operation. Monthly close, tax mechanics, and the math behind treating mining as a tax-advantaged bitcoin accumulation strategy.
The raise nobody sent you
Weak hands are unplugging and the public miners are leaving for AI. A fixed block reward split among fewer machines is a quiet raise for the small operator who stayed on. Field notes from the low $60Ks.
The Network Doesn't Care That You're Underwater
Mining at a loss is an existential problem for leveraged industrial miners. For a small operator stacking bitcoin below spot, it's closer to the design. Field notes from $63K.
