The Bitcoin (BTC) mining company, Braiins, updated several of its tools days ago that miners can use to better track activity.
According to Daniel Frumkin, mining expert and member of the company, with the new tools, launched last week, now the Braiins platform offers, in the first instance, historical graphs for the most important mining metrics .
Among those are the hash rate ( hash rate ), the mining difficulty, the hash value , the hash price , transaction fees (or gas), as well as daily mining revenue .
Likewise, the platform shows the profitability of a miner at an electricity price previously established by the user. According to the image shared by Frumkin, it is a table where the main machines for mining BTC are compared and several sections that divide electricity , a daily profile of profits and up to an average of bitcoins mined each day.
Not enough, Braiins achieved a partnership with the graphics firm CoinMetrics, who will provide data from at least 5 graphics on mining shares and transaction flows .
This is particularly important for miners, who are blamed for the drops in BTC prices . Thus, and with this union, the transaction flows will be more transparent to the expense of the miners and the hodling .
The The platform also gave space to the mining pools , because now with the update, the miners will have information about those groups, in addition to the distribution of the hash rate . This, added to the real-time information on the extraction capacity , thanks to the APIs.
And, to top it all, Braiins added a “handy little” calculator, in Frumkin’s words. With this tool, you can now enter the power capacity, which will automatically reveal which are the hardware models that can work with it .
The calculator, says the expert , has a 10% safety margin, based on the stock configuration, plus the estimated value hash rate .
According to Daniel Frumkin, the mining tools that have been released in the last year were also updated. In particular, it talks about the profitability calculator, which now allows historical backtesting and mixed analysis, with historical and future projections on a single graph . And it clarifies that the historical backtests use sums of the daily mining income and the price of BTC, in order to have a «greater precision» .
Frumkin hopes that both miners and all bitcoiners will value the new tools that Braiins offers, and anticipates that they are already working in order to add “more interesting things” in the next updates .
Mining, a true industry
The update of the Braiins tools occurs precisely in a context in which Bitcoin mining progresses more and more in the consolidation of its activity as an industry . In essence, this is what the facts have shown.
It is not just about applications, but about expanding the activity. Only last week was announced the arrival of the new Bitmain miner, the Antminer S19 XP, the most powerful so far manufactured , as reported by CryptoNews.
It is a machine that has every intention of enshrining Bitcoin mining as a profitable activity, while claiming to be environmentally friendly .
There have also been important advances in other companies, such as Canaan, which this week promised to increase its own hash rate by up to 60 times. It is obvious that he wants to continue in the fight .
All, apparently, also part of the -ironic- impulse of China, that by banning Bitcoin mining, it caused a massive migration to other latitudes, that is: expanded the activity .
From In fact, a recent study by Glassnode predicts a new all-time high in Bitcoin’s hash rate, after acknowledging that activity has recovered by 95% after the Chinese onslaught .
«The mining industry continues to recover after the extraordinary event that 52% of the hash power grid he logged out, almost overnight. Given the current recovery trend, the mining market hash rate could reach new ATHs before the end of 2021 », they explain.
And when it comes to the income of miners, the analytics company claimed that they currently earn between 900 and 1,000 BTC per day. «The mining industry is paid almost at the highest level in history for its services, “they stated, as recorded by this newspaper.
Everything indicates that Bitcoin mining is a key industry and in full development, in which, while generating profits, it helps to develop an ecosystem that still has a lot to exploit .