🚨 Impersonators on the move — verify before you trust
We’ve spotted fake profiles pretending to be Vnish
Quick rules to stay safe:
• Official support only in our Telegram: @vnishfw • We never DM first — any unsolicited message is suspect • Don’t click links or send keys/passwords without double-checking
When in doubt — pause, check, confirm. Stay safe ✊
We’ve spotted fake profiles pretending to be Vnish
Quick rules to stay safe:
• Official support only in our Telegram: @vnishfw • We never DM first — any unsolicited message is suspect • Don’t click links or send keys/passwords without double-checking
When in doubt — pause, check, confirm. Stay safe ✊
🤔 Why 2025 is becoming the year of miner shakeouts — and why not everyone is losing?
A growing number of Bitcoin miners are hitting the brakes this month — and the data shows why. The industry is facing one of the harshest economic resets since ASICs first went mainstream.
Hash revenue has slid so far that even some new-gen 17–22 J/TH machines now struggle to cover mid-tier electricity rates. All while the network sits near 1.0–1.1 ZH/s, pushing difficulty to levels where only the leanest setups survive.
And here’s the new twist most miners didn’t expect:
For the first time in years, ASIC payback windows have stretched beyond 1,000 days, surpassing the countdown to the next halving. Operators who bought hardware expecting fast ROI are now facing a math problem that no firmware update or cooling trick can fully ignore.
💥Yet despite the gloom, not everyone is capitulating. Some miners are staying online — and even expanding
💡We dug into the numbers, looked at what’s pushing rigs offline, and explored why some operators remain resilient while others are forced to curtail or sell equipment.
Read full analysis here👇
A growing number of Bitcoin miners are hitting the brakes this month — and the data shows why. The industry is facing one of the harshest economic resets since ASICs first went mainstream.
Hash revenue has slid so far that even some new-gen 17–22 J/TH machines now struggle to cover mid-tier electricity rates. All while the network sits near 1.0–1.1 ZH/s, pushing difficulty to levels where only the leanest setups survive.
And here’s the new twist most miners didn’t expect:
For the first time in years, ASIC payback windows have stretched beyond 1,000 days, surpassing the countdown to the next halving. Operators who bought hardware expecting fast ROI are now facing a math problem that no firmware update or cooling trick can fully ignore.
💥Yet despite the gloom, not everyone is capitulating. Some miners are staying online — and even expanding
💡We dug into the numbers, looked at what’s pushing rigs offline, and explored why some operators remain resilient while others are forced to curtail or sell equipment.
Read full analysis here👇
Linkedin
#bitcoinmining #mining #bitcoin #miners #btc #asic #miner #firmware | Vnish
🌓 When the Lights Go Dark: Can Bitcoin Mining Survive the 2025 Squeeze?
#BitcoinMining in 2025 looks less like a gold rush and more like a pressure cooker. Many rigs are going dark. Why? Because #mining today is simply one of the toughest margin environments…
#BitcoinMining in 2025 looks less like a gold rush and more like a pressure cooker. Many rigs are going dark. Why? Because #mining today is simply one of the toughest margin environments…
🚀Vnish is on the move — next stop: Blockchain Forum 2026
We’ve always believed that real partnership happens face to face. That’s why Vnish never stands still. The next destination on our road map is Blockchain Forum 2026 — a major event bringing together the people shaping the next cycle of crypto and mining.
On April 14–15 in Moscow, our team will be meeting partners, ecosystem leaders, and everyone driving mining technology forward.
It’s a rare chance to stand in the same room with 20,000+ participants from 100+ countries, explore 250 booths of advanced tech, and catch insights from global speakers with simultaneous translation.
If you’re attending — come meet us at Booth D3
If you’re planning to — you can already grab your tickets via this link
And yes, there’s a 10% discount with promo code Vnish
Let’s meet and talk mining strategy, efficiency — and everything that will shape the next cycle⚡️
We’ve always believed that real partnership happens face to face. That’s why Vnish never stands still. The next destination on our road map is Blockchain Forum 2026 — a major event bringing together the people shaping the next cycle of crypto and mining.
On April 14–15 in Moscow, our team will be meeting partners, ecosystem leaders, and everyone driving mining technology forward.
It’s a rare chance to stand in the same room with 20,000+ participants from 100+ countries, explore 250 booths of advanced tech, and catch insights from global speakers with simultaneous translation.
If you’re attending — come meet us at Booth D3
If you’re planning to — you can already grab your tickets via this link
And yes, there’s a 10% discount with promo code Vnish
Let’s meet and talk mining strategy, efficiency — and everything that will shape the next cycle⚡️
U.S. banks get the green light to trade Bitcoin
A major regulatory shift just hit the U.S. financial system
On December 9, the OCC officially approved the use of riskless principal transactions, allowing banks to execute Bitcoin trades directly for clients — something they were previously barred from doing because of balance-sheet and supervisory restrictions.
And the reaction from Wall Street is accelerating fast:
• PNC has already rolled out direct spot BTC trading inside its private-bank platform
• Bank of America will allow advisers to recommend Bitcoin starting in January
• SoFi, Vanguard, and even legacy wirehouses are expanding access to crypto products as competitive pressure mounts.
🧐 The question now is simple — how does institutional demand change the dynamics of hashprice, competition, and long-term strategy?
👉 We break down the full picture in our latest Mining Insights edition on LinkedIn:
A major regulatory shift just hit the U.S. financial system
On December 9, the OCC officially approved the use of riskless principal transactions, allowing banks to execute Bitcoin trades directly for clients — something they were previously barred from doing because of balance-sheet and supervisory restrictions.
And the reaction from Wall Street is accelerating fast:
• PNC has already rolled out direct spot BTC trading inside its private-bank platform
• Bank of America will allow advisers to recommend Bitcoin starting in January
• SoFi, Vanguard, and even legacy wirehouses are expanding access to crypto products as competitive pressure mounts.
🧐 The question now is simple — how does institutional demand change the dynamics of hashprice, competition, and long-term strategy?
👉 We break down the full picture in our latest Mining Insights edition on LinkedIn:
Linkedin
Bitcoin Goes Mainstream: U.S. Banks Can Now Trade BTC — And What It Means for Miners
The U.S.
⚡️Power strategy shifts as renewables take center stage in mining
Bitcoin miners are refining their power strategies. With margins under pressure, renewable energy is moving from “nice to have” to a core operating advantage.
Hashprice is sitting near $39 per PH/day. At the same time, network hashrate has crossed 1 zetahash. In this environment, electricity pricing defines competitiveness.
Leading miners are acting accordingly: • Sangha Renewables brought online a 20 MW solar-powered mining site in Texas • Phoenix Group launched a 30 MW hydro-based operation in Ethiopia • Canaan expanded into wind-powered mining in Texas while developing adaptive energy-aware hardware • Tether exited mining in Uruguay after power costs compressed margins
Miners are prioritizing energy sources that offer long-term price stability and tighter cost control. But securing better power is only part of the equation.
💡The remaining edge comes from maximizing output per watt — and that is where smart firmware matters: vnish.com
Bitcoin miners are refining their power strategies. With margins under pressure, renewable energy is moving from “nice to have” to a core operating advantage.
Hashprice is sitting near $39 per PH/day. At the same time, network hashrate has crossed 1 zetahash. In this environment, electricity pricing defines competitiveness.
Leading miners are acting accordingly: • Sangha Renewables brought online a 20 MW solar-powered mining site in Texas • Phoenix Group launched a 30 MW hydro-based operation in Ethiopia • Canaan expanded into wind-powered mining in Texas while developing adaptive energy-aware hardware • Tether exited mining in Uruguay after power costs compressed margins
Miners are prioritizing energy sources that offer long-term price stability and tighter cost control. But securing better power is only part of the equation.
💡The remaining edge comes from maximizing output per watt — and that is where smart firmware matters: vnish.com
💸 Oil-linked capital is entering Bitcoin. And it’s changing the market
Funds connected to the Gulf’s oil economy — including sovereign wealth structures and private banking networks — are increasing their exposure to Bitcoin as part of long-term portfolio diversification.
This capital manages hundreds of billions and typically avoids short-term speculation. Instead, it focuses on durable assets, regulated access, and market infrastructure.
The UAE, and Abu Dhabi in particular, is becoming a key hub where this capital and crypto liquidity intersect.
☝️What’s important: this shift is happening despite Bitcoin’s volatility — not after it disappears.
👉 We break down what’s driving this trend:
Funds connected to the Gulf’s oil economy — including sovereign wealth structures and private banking networks — are increasing their exposure to Bitcoin as part of long-term portfolio diversification.
This capital manages hundreds of billions and typically avoids short-term speculation. Instead, it focuses on durable assets, regulated access, and market infrastructure.
The UAE, and Abu Dhabi in particular, is becoming a key hub where this capital and crypto liquidity intersect.
☝️What’s important: this shift is happening despite Bitcoin’s volatility — not after it disappears.
👉 We break down what’s driving this trend:
YouTube
From Oil to Bitcoin: What Big Capital Is Doing Differently #bitcoinmining
Bitcoin demand is changing shape.Capital tied to the oil economy is starting to reposition into Bitcoin — not through speculation, but as part of long-term p...
🔥 Vnish is heading to Consensus Hong Kong 2026
We don’t believe in watching the industry from the sidelines
That’s why in February 2026, Vnish will be right where global crypto strategy is shaped — at Consensus Hong Kong, one of the most influential events in the world of blockchain and digital assets.
Called “the Super Bowl of Blockchain” and “the World Cup of Web3” by Forbes, Consensus brings together the people who define where the market is heading next.
📍 February 10–12, 2026 — Hong Kong
Why this matters for us — and for you:
• 15,000+ attendees from 100+ countries • $4T in assets under management represented by global financial and tech leaders • A rare mix of capital, infrastructure, and real-world execution
For Vnish, Consensus is about conversations that go beyond theory.
We’re coming to connect with partners, miners, infrastructure teams, and decision-makers who care about performance, scale, and long-term efficiency — not hype.
If you’re building, expanding, or planning your next move in mining or crypto infrastructure, this is where those discussions belong.
📍Let’s meet in person and talk about what’s next — clearly, directly, and with real numbers on the table ⚡️
We don’t believe in watching the industry from the sidelines
That’s why in February 2026, Vnish will be right where global crypto strategy is shaped — at Consensus Hong Kong, one of the most influential events in the world of blockchain and digital assets.
Called “the Super Bowl of Blockchain” and “the World Cup of Web3” by Forbes, Consensus brings together the people who define where the market is heading next.
📍 February 10–12, 2026 — Hong Kong
Why this matters for us — and for you:
• 15,000+ attendees from 100+ countries • $4T in assets under management represented by global financial and tech leaders • A rare mix of capital, infrastructure, and real-world execution
For Vnish, Consensus is about conversations that go beyond theory.
We’re coming to connect with partners, miners, infrastructure teams, and decision-makers who care about performance, scale, and long-term efficiency — not hype.
If you’re building, expanding, or planning your next move in mining or crypto infrastructure, this is where those discussions belong.
📍Let’s meet in person and talk about what’s next — clearly, directly, and with real numbers on the table ⚡️
Coindesk
Consensus Hong Kong 2026: Crypto Conference & Web3 Summit
Consensus Hong Kong by CoinDesk: Crypto's Most Influential Event to drive business & network in blockchain, Web3, bitcoin, finance, and technology.
⚒️ Miners drive 12% of public Bitcoin — November shakeup reveals winners and losers
November was turbulent for corporate Bitcoin treasuries. Public and private companies added over 12,600 BTC, yet at least five firms sold part of their holdings under pressure. Meanwhile, disciplined buyers kept accumulating, showing that strategy now dictates outcomes.
Mining companies now account for 12% of all public BTC holdings, with Cango, Riot, and American Bitcoin among the largest contributors. Their mix of mining output and strategic purchases turned volatility into opportunity, while others faced mark-to-market losses.
These figures are drawn from the latest Bitcoin Treasuries November Adoption Report. We’ve distilled the data into a concise summary highlighting the key numbers, trends, and analytical insights for easy understanding.
👉 Explore the full breakdown on LinkedIn:
November was turbulent for corporate Bitcoin treasuries. Public and private companies added over 12,600 BTC, yet at least five firms sold part of their holdings under pressure. Meanwhile, disciplined buyers kept accumulating, showing that strategy now dictates outcomes.
Mining companies now account for 12% of all public BTC holdings, with Cango, Riot, and American Bitcoin among the largest contributors. Their mix of mining output and strategic purchases turned volatility into opportunity, while others faced mark-to-market losses.
These figures are drawn from the latest Bitcoin Treasuries November Adoption Report. We’ve distilled the data into a concise summary highlighting the key numbers, trends, and analytical insights for easy understanding.
👉 Explore the full breakdown on LinkedIn:
Linkedin
#btc #bitcoin #bitcoinmining #miners #mining #etfs #treasuryreserve #treasuries #firmware #vnish | Vnish
📉 Bitcoin Treasuries Slow Down — But They Don’t Back Down
Volatility shook corporate balance sheets in November. Conviction did not.
📍What happened in November?
According to the Corporate Adoption Report from BitcoinTreasuries.net, public and private companies…
Volatility shook corporate balance sheets in November. Conviction did not.
📍What happened in November?
According to the Corporate Adoption Report from BitcoinTreasuries.net, public and private companies…
📉Bitcoin falls behind gold by 50%: A market signal, not a breakdown
Bitcoin’s position relative to gold has sharply weakened
The BTC-to-gold ratio dropped from around 40 to 20 ounces, marking one of the largest divergences between the two assets in recent years.
Gold absorbed massive institutional demand. Central banks added over 250 tons to reserves. Gold ETFs saw strong inflows, even with high real yields and tight financial conditions.
Bitcoin, meanwhile, faced a different cycle. ETF inflows slowed in the second half of the year. Long-term holders began distributing supply, locking in profits after a strong run.
🧐 This divergence doesn’t signal the end of Bitcoin’s thesis. It reflects a shift in how capital responds to risk, rates, and uncertainty.
👉 We break down what this means:
Bitcoin’s position relative to gold has sharply weakened
The BTC-to-gold ratio dropped from around 40 to 20 ounces, marking one of the largest divergences between the two assets in recent years.
Gold absorbed massive institutional demand. Central banks added over 250 tons to reserves. Gold ETFs saw strong inflows, even with high real yields and tight financial conditions.
Bitcoin, meanwhile, faced a different cycle. ETF inflows slowed in the second half of the year. Long-term holders began distributing supply, locking in profits after a strong run.
🧐 This divergence doesn’t signal the end of Bitcoin’s thesis. It reflects a shift in how capital responds to risk, rates, and uncertainty.
👉 We break down what this means:
YouTube
Bitcoin Lost 50% to Gold. Crash or Temporary Repricing? #bitcoinmining
Bitcoin and gold just moved in very different directions.The gap between them widened fast — and it raised serious questions.Was this a warning sign for Bitc...
💥100 EH/s disappeared in a day
China was blamed. The data said otherwise
Mid-December, Bitcoin’s hashrate dropped nearly 8% (~100 EH/s) in a single session.
Social media immediately pointed to Xinjiang. Headlines followed. But pool-level data told a different story.
The largest declines — nearly 200 EH/s — came from U.S.-facing pools, not Asia.
And within 72 hours, most of that hashrate was back online. By week’s end, the network was down just ~20 EH/s.
Shutdowns don’t recover like that. Power curtailments do
At the same moment, another number quietly rewrote the context: Texas now has ~226 GW of new large-load power requests in the queue.
Up from 63 GW a year ago. ~73% of it comes from AI data centers — not miners.
Gigawatt-scale AI campuses don’t turn off when prices spike. Bitcoin miners do. This wasn’t a China story. It was a power pricing story. And a preview of how hashrate volatility works now.
👉 Full analysis:
China was blamed. The data said otherwise
Mid-December, Bitcoin’s hashrate dropped nearly 8% (~100 EH/s) in a single session.
Social media immediately pointed to Xinjiang. Headlines followed. But pool-level data told a different story.
The largest declines — nearly 200 EH/s — came from U.S.-facing pools, not Asia.
And within 72 hours, most of that hashrate was back online. By week’s end, the network was down just ~20 EH/s.
Shutdowns don’t recover like that. Power curtailments do
At the same moment, another number quietly rewrote the context: Texas now has ~226 GW of new large-load power requests in the queue.
Up from 63 GW a year ago. ~73% of it comes from AI data centers — not miners.
Gigawatt-scale AI campuses don’t turn off when prices spike. Bitcoin miners do. This wasn’t a China story. It was a power pricing story. And a preview of how hashrate volatility works now.
👉 Full analysis:
Linkedin
When Hashrate Blinks: Why U.S. Miners Are Powering Down — and What Comes Next
This week started with a quiet but important shift. At the federal level, U.
🚨New Bitcoin whales are rewriting the market
Bitcoin is no longer following the old cycle playbook
On-chain data points to a structural shift in how capital enters the network — not a classic top or bottom.
Almost 50% of Bitcoin’s realized cap now belongs to “new whales.”
Before 2025, this figure never exceeded 22%. Realized cap tracks the price at which each coin last moved, so this change shows where money entered the system — not just who holds the most BTC. In short, Bitcoin’s cost base is being rebuilt at much higher levels.
Over the last 30 days, short-term holders added almost 100,000 BTC — the highest level ever recorded. This kind of expansion only happens when demand overwhelms available supply.
Whale wallets recorded a +$135 million net buying delta this week.
👉 With demand holding firm, miner competitiveness increasingly depends on how much hash each machine can deliver: vnish.com
Bitcoin is no longer following the old cycle playbook
On-chain data points to a structural shift in how capital enters the network — not a classic top or bottom.
Almost 50% of Bitcoin’s realized cap now belongs to “new whales.”
Before 2025, this figure never exceeded 22%. Realized cap tracks the price at which each coin last moved, so this change shows where money entered the system — not just who holds the most BTC. In short, Bitcoin’s cost base is being rebuilt at much higher levels.
Over the last 30 days, short-term holders added almost 100,000 BTC — the highest level ever recorded. This kind of expansion only happens when demand overwhelms available supply.
Whale wallets recorded a +$135 million net buying delta this week.
👉 With demand holding firm, miner competitiveness increasingly depends on how much hash each machine can deliver: vnish.com
👀 Bitcoin forecasts split: optimism meets caution
Bitcoin remains below a key psychological level, and the market is sending mixed signals
Some analysts point to compression in price ranges and expect a sharp breakout. Others highlight rising exchange inflows and weakening technical structures as warning signs.
Short-term projections now sit at opposite ends of the spectrum — from renewed upside momentum to a potential revisit of the $70K demand zone.
Such divergence usually appears before major volatility
We’ve just released a short expert video explaining what’s happening beneath the surface👇
Bitcoin remains below a key psychological level, and the market is sending mixed signals
Some analysts point to compression in price ranges and expect a sharp breakout. Others highlight rising exchange inflows and weakening technical structures as warning signs.
Short-term projections now sit at opposite ends of the spectrum — from renewed upside momentum to a potential revisit of the $70K demand zone.
Such divergence usually appears before major volatility
We’ve just released a short expert video explaining what’s happening beneath the surface👇
YouTube
Bitcoin at a Crossroads: Breakout or Drop to $70K? #bitcoinmining
Bitcoin is entering a decisive phase. Market signals are conflicting, volatility is building, and forecasts couldn’t be more divided.Some expect continuation...
💥Vnish expands firmware support for the latest Antminer hardware
Vnish continues to extend its firmware lineup. We’re rolling out an improved version of our firmware with support for more Antminer models — built with the same performance, stability, and control standards miners expect from Vnish.
This update focuses on one key thing: giving miners more hardware freedom without sacrificing efficiency or reliability. More models. More submodels. Full compatibility with Vnish tools and workflows.
What’s included:
🆕 New Antminer models
• S19 XP+
• S19 XP+ Hydro
• U3S19XPH
• S21e Hydro
• U3S21EXPH
🔧 Extended submodel support
• S19 XP — BHB56806
• S19j XP — BHB56804-
• S19k Pro — BHB56907
• S21+ Hydro — H6HB70702, H6HB70704
• S21+ — A3HB70702, A3HB70703
• S21 Pro — A3HB70603
• S21 XP — A3HB70502, A3HB70503
This update means more miners can run Vnish firmware with the same standards miners expect: efficiency tuning, stability, and seamless integration with HashCore Toolkit.
Go to vnish.com, choose your model, and install the firmware built for serious mining🔥
Vnish continues to extend its firmware lineup. We’re rolling out an improved version of our firmware with support for more Antminer models — built with the same performance, stability, and control standards miners expect from Vnish.
This update focuses on one key thing: giving miners more hardware freedom without sacrificing efficiency or reliability. More models. More submodels. Full compatibility with Vnish tools and workflows.
What’s included:
🆕 New Antminer models
• S19 XP+
• S19 XP+ Hydro
• U3S19XPH
• S21e Hydro
• U3S21EXPH
🔧 Extended submodel support
• S19 XP — BHB56806
• S19j XP — BHB56804-
• S19k Pro — BHB56907
• S21+ Hydro — H6HB70702, H6HB70704
• S21+ — A3HB70702, A3HB70703
• S21 Pro — A3HB70603
• S21 XP — A3HB70502, A3HB70503
This update means more miners can run Vnish firmware with the same standards miners expect: efficiency tuning, stability, and seamless integration with HashCore Toolkit.
Go to vnish.com, choose your model, and install the firmware built for serious mining🔥
VNISH
VNISH Official Firmware Developer for Antminer ASICs
Optimize Antminer ASICs with VNISH Firmware. Increase hashrate, improve efficiency, reduce downtime.
😬Mining conditions are tightening — and the market is starting to show it
The US power market is quietly changing the rules of the game
In key regions covering 13 states and more than 67 million people, regulators are revising electricity tariffs as AI data centers rush to secure direct access to generation. Power is becoming structured, scarce, and expensive.
🧐That shift is already visible on-chain
Bitcoin’s network hashrate has slipped on a monthly basis — a pattern that typically appears when marginal miners can no longer absorb rising costs.
Electricity breakeven levels for common ASIC models have dropped by over 35% year over year, forcing difficult decisions across the industry.
👉 Read the full analysis:
The US power market is quietly changing the rules of the game
In key regions covering 13 states and more than 67 million people, regulators are revising electricity tariffs as AI data centers rush to secure direct access to generation. Power is becoming structured, scarce, and expensive.
🧐That shift is already visible on-chain
Bitcoin’s network hashrate has slipped on a monthly basis — a pattern that typically appears when marginal miners can no longer absorb rising costs.
Electricity breakeven levels for common ASIC models have dropped by over 35% year over year, forcing difficult decisions across the industry.
👉 Read the full analysis:
Linkedin
#bitcoinmining #bitcoin #miner #ai #miners #asic #btc #mining #firmware #vnish | Vnish
⚡️Electricity Is Getting More Expensive. Mining Is Getting Harder
#BitcoinMining in the US is entering a less forgiving phase. Not because #Bitcoin is weak. But because energy is no longer cheap, predictable, or #miner-friendly.
Over the past year, electricity…
#BitcoinMining in the US is entering a less forgiving phase. Not because #Bitcoin is weak. But because energy is no longer cheap, predictable, or #miner-friendly.
Over the past year, electricity…
🎄 Merry Christmas from the Vnish team
We want to wish you a truly peaceful Christmas — with a few quiet hours away from dashboards and metrics, with family close by, and with a sense that all the effort of this year mattered ✨
We know this industry isn’t easy
Mining means long days, tough decisions, constant pressure, and very little room for mistakes. And that’s exactly why we value you so much — the people who keep building, optimizing, and moving forward no matter the conditions✊
This year brought challenges, changes, and growth — for all of us. And through it all, we were proud to stand next to you. To support your work, your goals, and your ambition to get more out of every machine, every setup, every decision🤘
Thank you for trusting Vnish. Thank you for the conversations, the feedback, the long-term partnerships, and the shared belief that strong results are built on solid technology and mutual respect.
— Your Vnish team 🤍
We want to wish you a truly peaceful Christmas — with a few quiet hours away from dashboards and metrics, with family close by, and with a sense that all the effort of this year mattered ✨
We know this industry isn’t easy
Mining means long days, tough decisions, constant pressure, and very little room for mistakes. And that’s exactly why we value you so much — the people who keep building, optimizing, and moving forward no matter the conditions✊
This year brought challenges, changes, and growth — for all of us. And through it all, we were proud to stand next to you. To support your work, your goals, and your ambition to get more out of every machine, every setup, every decision🤘
Thank you for trusting Vnish. Thank you for the conversations, the feedback, the long-term partnerships, and the shared belief that strong results are built on solid technology and mutual respect.
— Your Vnish team 🤍
Bitcoin forecasts split: $70K downside vs $90K recovery
Macro expectations around Bitcoin are diverging
On one side, forecasts warn that if rate cuts pause while inflation pressure persists, Bitcoin could retrace toward the $70K area.
On the other, ongoing liquidity support and institutional inflows are fueling scenarios that point back toward $90K.
The key question isn’t just rates — it’s how policy, inflation data, and balance sheet decisions reshape liquidity conditions.
🎥 We break down this shift and what it means for Bitcoin in our new YouTube video:
Macro expectations around Bitcoin are diverging
On one side, forecasts warn that if rate cuts pause while inflation pressure persists, Bitcoin could retrace toward the $70K area.
On the other, ongoing liquidity support and institutional inflows are fueling scenarios that point back toward $90K.
The key question isn’t just rates — it’s how policy, inflation data, and balance sheet decisions reshape liquidity conditions.
🎥 We break down this shift and what it means for Bitcoin in our new YouTube video:
YouTube
Bitcoin’s Next Move: Why $70K and $90K Are Both on the Table #bitcoinmining
Bitcoin is entering a new macro phase.Rate cuts didn’t trigger a rally.Inflation remains a risk.Liquidity signals are shifting quietly.Some forecasts point t...
🕹Bitcoin Mining 2025: A Year That Never Reset
Miners know 2025 wasn’t about one big shock. It was about pressure that never went away
• Difficulty barely moved — the latest adjustment was +0.04%
• From the October peak, it’s down only ~4%, while price corrected by roughly 20%
• Hashprice slid from ~$55/PH/s to the mid-$30s
• All-in costs pushed toward $70,000 per BTC
None of this is news on its own.
What matters is how it fits together.
• Why did hashrate stay stable when margins didn’t?
• Why are new machines still coming online — and who can actually afford that?
• And why did miners raise billions in debt instead of letting the network reset?
2025 didn’t break mining. It quietly changed how the system absorbs stress — and who gets squeezed first.
In the new edition of Vnish Mining Insights, we step back and look at 2025 as a single system, not a set of isolated metrics — and explain what that system is signaling for 2026.
👉 Read the full issue on LinkedIn:
Miners know 2025 wasn’t about one big shock. It was about pressure that never went away
• Difficulty barely moved — the latest adjustment was +0.04%
• From the October peak, it’s down only ~4%, while price corrected by roughly 20%
• Hashprice slid from ~$55/PH/s to the mid-$30s
• All-in costs pushed toward $70,000 per BTC
None of this is news on its own.
What matters is how it fits together.
• Why did hashrate stay stable when margins didn’t?
• Why are new machines still coming online — and who can actually afford that?
• And why did miners raise billions in debt instead of letting the network reset?
2025 didn’t break mining. It quietly changed how the system absorbs stress — and who gets squeezed first.
In the new edition of Vnish Mining Insights, we step back and look at 2025 as a single system, not a set of isolated metrics — and explain what that system is signaling for 2026.
👉 Read the full issue on LinkedIn:
Linkedin
Bitcoin Mining in 2025: A Year Without Relief, A Market That Refused to Reset
For months, the Bitcoin mining industry has been waiting for a break. Lower difficulty.
🔥 2026: crypto ETFs are about to go parabolic
In 2026, crypto ETFs are expected to pull in $15B in new capital in a base scenario. If rates go down, inflows could reach $40B.
At the same time, 100+ new ETF filings are already on the horizon
ETF investors already proved they don’t panic. During a brutal 35% Bitcoin drawdown, only 4% of ETF assets exited. That means 96% stayed put. Some weeks even saw inflows. For comparison, a 35% drop is 2008-level pain for stocks. ETF holders absorbed it.
The real money hasn’t even fully arrived yet.
In 2026, allocations are expected to grow from pensions, endowments, sovereign funds, and institutional advisors. That’s long-term capital. Add regulatory clarity, more products beyond BTC and ETH, and total crypto ETF AUM could reach $400B by the end of 2026.
👉 Demand for Bitcoin isn’t fading 👉 Infrastructure demand follows price demand 👉 Miners compete on efficiency, not hope
👉 Vnish.com
In 2026, crypto ETFs are expected to pull in $15B in new capital in a base scenario. If rates go down, inflows could reach $40B.
At the same time, 100+ new ETF filings are already on the horizon
ETF investors already proved they don’t panic. During a brutal 35% Bitcoin drawdown, only 4% of ETF assets exited. That means 96% stayed put. Some weeks even saw inflows. For comparison, a 35% drop is 2008-level pain for stocks. ETF holders absorbed it.
The real money hasn’t even fully arrived yet.
In 2026, allocations are expected to grow from pensions, endowments, sovereign funds, and institutional advisors. That’s long-term capital. Add regulatory clarity, more products beyond BTC and ETH, and total crypto ETF AUM could reach $400B by the end of 2026.
👉 Demand for Bitcoin isn’t fading 👉 Infrastructure demand follows price demand 👉 Miners compete on efficiency, not hope
👉 Vnish.com
✅ Bitcoin still has a chance to close the year in the green
Despite a volatile year, analysts say Bitcoin could still finish above its yearly open — if the market manages a late recovery of just over 6%. That would avoid a rare scenario: the first red close in a post-halving year.
Earlier projections pointed to extreme upside, but a sharp correction after new all-time highs changed the conversation. Now the focus has shifted to liquidity, macro signals, and whether the market can regain momentum before year-end.
We’ve just published a new YouTube video breaking down what’s happening, why it matters, and what scenarios make sense from here 🔥
Despite a volatile year, analysts say Bitcoin could still finish above its yearly open — if the market manages a late recovery of just over 6%. That would avoid a rare scenario: the first red close in a post-halving year.
Earlier projections pointed to extreme upside, but a sharp correction after new all-time highs changed the conversation. Now the focus has shifted to liquidity, macro signals, and whether the market can regain momentum before year-end.
We’ve just published a new YouTube video breaking down what’s happening, why it matters, and what scenarios make sense from here 🔥
🔥Vnish is opening 2026 on the global stage — next stop: Consensus Hong Kong
The year is almost over. But for Vnish, the momentum is only building
As we step into 2026, our international run continues — and one of the first major destinations on the calendar is Consensus Hong Kong, where the global crypto and infrastructure world comes together to set the tone for what’s next.
📍February 10–12, 2026 | Hong Kong
Consensus isn’t about noise or trends of the week. It’s where capital, technology, and long-term strategy intersect — and where decisions made today shape the next market cycle.
For us, being there is a natural step.
We’re coming to meet partners, miners, and infrastructure teams who think in terms of scale, efficiency, and durability — not short-term hype. The kind of conversations that usually start with real numbers and end with real progress.
The new year brings new challenges, new opportunities, and new ground to cover. And we plan to stay close to the people who are building through it all.
🚀 If you’ll be in Hong Kong this February — let’s connect in person!
The year is almost over. But for Vnish, the momentum is only building
As we step into 2026, our international run continues — and one of the first major destinations on the calendar is Consensus Hong Kong, where the global crypto and infrastructure world comes together to set the tone for what’s next.
📍February 10–12, 2026 | Hong Kong
Consensus isn’t about noise or trends of the week. It’s where capital, technology, and long-term strategy intersect — and where decisions made today shape the next market cycle.
For us, being there is a natural step.
We’re coming to meet partners, miners, and infrastructure teams who think in terms of scale, efficiency, and durability — not short-term hype. The kind of conversations that usually start with real numbers and end with real progress.
The new year brings new challenges, new opportunities, and new ground to cover. And we plan to stay close to the people who are building through it all.
🚀 If you’ll be in Hong Kong this February — let’s connect in person!
Coindesk
Consensus Hong Kong 2027: Digital Assets, Tokenization, Institutional Finance & AI in Asia
Join 10,000+ executives, investors, and builders at Consensus Hong Kong — the premier event for digital assets, tokenization, and AI-driven finance in Asia.
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