Bolt Miner Newsletter
Bolt Miners -
Greetings from West Texas!
In light of recent crypto market turbulence, we thought all of our Bolt Miners could use a newsletter pick-me-up. You’ll be glad to know that while BTC has been going down, we’ve been busy getting power up! There’s been a flurry of activity at the Phase 1 site as we inch closer to the official launch date. I hope you enjoy this most recent dispatch from our team.
Site Progress
As of the end of last week, we officially have power to our Phase 1 data center!
With the power online, our focus has shifted to getting proper network hardware configured and secured. We’ve engaged a third party network consultant to map the data center configuration and establish best practice security protocols. Work is slated for completion at the tail end of this week and we have site techs scheduled to begin racking customer rigs over the weekend — everything is in order to meet our target 2/1 go live date!
A quick recap of where we stand on the Phase 1 launch is below, along with photos of recent progress:
Warehouse renovation — in progress, ongoing
Mobile data center (Smartbox 3000) delivery3000 kVA transformer delivery4000A fuse disconnect deliveryDedicated transmission line & conduit installationPrimary meter installationSmartbox 3000 power up & testingNetwork configuration & security — scheduled for completion the week of 1/24
Rack & bring customer rigs online — expected to begin weekend of 1/29 & 1/30
Onboarding
A couple of friendly reminders to prevent launch delays as we near the go-live date. Don’t hesitate to ping us with any questions you have about wallet selection & setup — we know this is new stuff for some folks and are happy to provide recommendations and support.
All existing Bolt Miners should double check that they’ve completed the Bolt Mining Customer Pool Registration Form no later than Friday 1/28. Still need to select a mining pool? We recommend setting up an account with either Luxor or Slushpool.
For client owned rigs, please ensure you box and ship units this week. Tracking information should be emailed to clientservices@boltmining.io. If you’re not yet in possession of your rigs or you’re having them sent directly from Bitmain or a third party seller, please drop us a line with details so we can stay on top of coordinating delivery of your unit.
Hardware Market
Despite the BTC recent price dip and 9.32% increase in difficulty, ASIC prices have only seen a modest reduction. Our partners over at Luxor summed it up well in their most recent Hashrate Index Roundup when they referred to this as a “two pronged-assault from Bitcoin’s price dump and network Hashrate pump.” We definitely recommend you sign up for their weekly newsletter to stay ahead of the curve on BTC news and ASIC price trends. We also recommend you not let short-term trends dictate long-term decisions. One of our newest Bolt Miners, Chris McIntyre, said it best when he put the Twitterverse on notice that it was time to “Mine the dip.” We couldn't agree more!
Last but not least, for those of you interested to continue expanding your operation we remain dedicated to maintaining access to competitively priced new generation hardware. Don’t forget to stop by theBolt Mining Hardware Page to check out our current rig deals. There are just 27 slots remaining in our Phase 1 data center – don’t miss you last opportunity to lock up Feb mining capacity!
