UminersJournal

Georgia is reporting a sharp increase in cryptocurrency mining, driven by affordable electricity and the formal legalization of the sector. According to official statistics, mining operations now consume roughly 5% of the electricity produced in the South Caucasus nation.

We’re launching a new series of articles in our blog: “How I Built My Company”. Each text will answer key questions and reveal important details: the first decisions, turning points, and challenges that shaped the company.

Bitcoin is still most often viewed in its simplest form - hold. But in a mature market, Bitcoin is increasingly being used as an asset embedded into a wide range of financial and operational instruments.

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.

Today the hardware market has evolved into a set of separate “individual” ecosystems. Each major manufacturer develops its own standards for form factors, cooling systems, and infrastructure requirements. For those building their own facilities, this becomes a significant challenge.

We are launching a new column called “Point of View” - a professional take on the key indicators of the mining market. First article topic of this section: “What is the true cost of 1 MW in mining?”