Blockware Solutions Media Mentions

Read what Mason Jappa, CEO of Blockware Solutions has to say about the Core Scientific bankruptcy process. Bitcoin mining is highly energy intensive, and many of the large energy bills from the winter are just now being received. Mining is a complex process and many of the CORZ shareholders likely don’t understand completely how it works.

“Miners are becoming very selective about where they build out their infrastructure,” said Joe Burnett, an analyst at mining firm Blockware Solutions. “A few years ago people were really just focused on cheap power but now it’s become a lot more critical to look at which political jurisdiction is more favorable and isn’t going to shut down our operations.”

New data from Blockware Solutions, a blockchain research firm, pointed to a series of bullish omens to suggest that bitcoin may be nearing the end of its downward trajectory in the immediate future.

As long-time participants in the Bitcoin community are well aware, the crypto space can be extremely volatile even at the best of times (for better or worse), and both large spikes and pitfalls can end up appearing or melting away without warning or much in the way of explanation. Nevertheless, the overall tendency in the value of bitcoin since its inception has shown a consistent rise in its value.

The digital gold rush in Texas is losing its luster as Bitcoin miners grapple with financial woes, leaving behind what some fear will be a wasteland of unfinished sites and abandoned equipment.

In an effort to become a haven for crypto mining, Texas has aggressively lured miners with cheap power and favorable regulations. Mason Jappa, CEO of Blockware Solutions, comments on the oversupply of infrastructure and rigs in Texas.

Beleaguered crypto lenders are being dealt another blow from Bitcoin miners as they weather the aftermath of the FTX collapse.

Miners, who raised as much as $4 billion from mining-equipment financing when profit margins were as high as 90%, are defaulting on loans and sending hundreds of thousands of machines that served as collateral back to lenders. New York Digital Investment Group, Celsius Network, BlockFi Inc., Galaxy Digital, and the Foundry unit of Digital Currency Group were among the biggest providers of funding to finance computer equipment and build data centers. Mason Jappa, CEO of Blockware Solutions commentates on the environment.

Joe Burnett, Head Analyst at Blockware Solutions told Cointelegraph, “I think the small miner capitulation Bitcoin experienced this summer knocked out some weak and overleveraged players. I do not think we will see another significant drop in hash rate without Bitcoin making new lows below $17,600. It doesn't mean individual weak miners won't drop off this year and next, but the new gen rigs getting plugged in will likely be enough to keep hash rate trending upward.”

When asked about the surge in hash rate placing pressure on higher difficulty adjustments and the knock-on-effect on miner profitability, Burnett said, “Individual weak players may drop off and get knocked out, but it won't be a significant and sudden "miner capitulation" without a drop in BTC price. Margins are definitely tight.”

“Bitcoin miners have continued to watch margins compress - the price of bitcoin has fallen, mining difficulty has risen and energy prices have soared,” said Joe Burnett, head analyst at Blockware Solutions.

The time to mine Bitcoin is when rigs are cheap and margins are compressed. Bitcoin is likely in the depths of a bear market now.

“The market is clearly rewarding the most quality names and there are clear signals of relative strength among the leaders. While public miners all essentially have the same objective, to mine BTC for the lowest possible cost, these companies are not all created equal,” according to a recent report from Blockware Intelligence.

"Over the past six months, hash rate and mining difficulty have increased while the price of bitcoin has dropped. These are both negatives for existing miners as both work to compress margins," said Joe Burnett, analyst at bitcoin mining firm Blockware Solutions.

"Bitcoin bottoms have been marked at the end of miner capitulation, that could be a sign that the miners that can survive this capitulation have a light at the end of the tunnel," Burnett said.

New research reveals key insights on Bitcoin adoption, forecasting Bitcoin to reach a billion users. The report found that Bitcoin adoption will occur faster than the adoption of past technologies. As more users join the Bitcoin network, the value of the network will increase.

Blockware Solutions publishes proprietary research through their research arm Blockware Intelligence, which has over 70,000 newsletter subscribers and produces the popular Blockware Intelligence Podcast, with over 50,000 YouTube subscribers.

Blockware Solutions, an infrastructure provider for blockchain technologies, just published Bitcoin User Adoption, a conceptual perspective towards adoption as it relates to disruptive technological adoption cycles.

The report begins by outlining what an adoption curve is, which can be described as a sociological measurement of a particular idea’s life cycle. While technologies change, human reaction to innovation is largely predictable. This prediction is outlined in the widely-used “S-Curve.”

NEW YORK, June 9, 2022 /PRNewswire/ -- Blockware Solutions (BWS), an industry leader in blockchain infrastructure and Bitcoin mining, is excited to unveil their new report from propriety research arm Blockware Intelligence titled Bitcoin User Adoption, led by Will Clemente, Lead Insights Analyst.

This new Blockware Intelligence report seeks to apply the historic S-Curve adoption pattern of technology and on-chain entity metrics to forecast the adoption of Bitcoin. The report found that Bitcoin adoption will occur faster than the adoption of past technologies. As more users join the Bitcoin network, the value of the network will increase.

With publicly traded mining equities down, on average, more than 50% this year, investors’ confidence in the sector might be shaken. However, this could be an opportune time for longer-term investors to bottom-fish for attractive value. “Timing the exact bottom is not easy, but many on-chain and market indicators point to now being a good time to accumulate both bitcoin and bitcoin mining rigs,” said Blockware Solution’s Jappa. So then, what should the investors look for in a miner to sort out the winners?

Blockware Solutions (BWS), an industry leader in blockchain infrastructure and Bitcoin mining, is pleased to announce a new partnership with SEVA. Blockware Solutions has initiated a large-scale 150-megawatt development to expand its Bitcoin mining operations in SunPark, an extension of Rock Creek Development as referenced by previous and current administrations in Boone and Lincoln counties, West Virginia.

Though some bitcoin supporters touted it as a storage of value and a hedge against inflation, it has been trading like a risk asset for the past few months.

“The type of market participants that have stepped in over the last few years are largely these macro-trading traditional funds. They are trading bitcoins the way that they trade tech stocks, although a lot of aspects of bitcoin are inherently viewed as risk-off by crypto-native people,” Will Clemente, lead insights analyst at bitcoin mining company Blockware Solutions, told MarketWatch in an interview.

The amount of bitcoin supply that hasn’t moved in at least a year has hit an all-time high, according to Will Clemente, lead insights analyst at Blockware Solutions. He also said long-term holder supply has also increased, despite their cost basis declining. That signals a supply transfer from top buyers to long term holders.

“With macro in the driver seat, fundamental Bitcoin analysis such as on-chain analysis has had less weighing in our market outlook currently,” he said. “However, with that in mind, beneath the surface fundamental investors have been sitting tight.”

Listen to Mason Jappa, CEO of Blockware Solutions, talk about Blockware Solutions, Bitcoin, and Bitcoin Mining.

Blockware Solutions, an industry leader in blockchain infrastructure and cryptocurrency mining, has unveiled its new research from proprietary research arm Blockware Intelligence titled "Bitcoin is Certainty in an Uncertain World."