Field notes from a hosted Bitcoin mining operation.

A monthly newsletter for small operators who treat mining as a tax-advantaged bitcoin accumulation strategy.

There is almost no honest, operator-tier writing for small operators running hosted Bitcoin mining. Most of what's out there is either profitability-calculator content from people who've never paid a hosting bill, or marketing material from the providers themselves. This newsletter is the version I wanted and couldn't find: the actual monthly close from a small fleet, the tax mechanics that matter, and the math behind the decisions, written by the person paying the invoices.

Start here

Field guides

Free, in-depth pieces on the questions every small operator hits before the rig is even racked. Written once, kept current, no signup required.

• 0% APR rig financing: a hosted-mining playbook

  How to finance a hosted rig at zero cost of capital using business credit cards, the cash-advance trap, and the exit ramp that keeps it from blowing up.

• Hosted mining provider comparison

  Coming soon · Sazmining vs. Blockware vs. Compass vs. Simple Mining, from someone with rigs at three of them.

• FBTC vs. direct bitcoin vs. mining

  Coming soon · The tax treatment of each path, with worked numbers.

• STRC DRIP walkthrough

  Coming soon · Monthly distributions without selling bitcoin, and where it fits.

See all field guides →

What you'll get

• A real monthly close: revenue, hosting, net, BTC mined, the unflattering numbers included.
• Strategy decisions, written down at the time they're made, with the reasoning intact.
• Tax and leverage mechanics for the small operator: 0% APR financing, Section 1231, depreciation, the parts the calculators skip.
• One paid section per issue for subscribers who want the extended strategy reasoning.

Not for: price prediction, altcoin commentary, daily trading signals, or anyone who needs mining to feel exciting.

Mining tracker. The workbook I run my own operation from: fleet, debt, treasury, and monthly close on one decision surface. Generalized for any 1 to 6 rig hosted miner. Download on Gumroad →

Written by an operator who's been running a hosted ASIC fleet under an LLC since 2022, through one halving, multiple hashprice regimes, and the slow, unglamorous work of figuring out what actually compounds.