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The Mining Treasury

Mining Strategy Blog

Guides, tactics, and economic analysis to help Bitcoin miners optimize efficiency, cut OPEX, and HODL more.

How to Calculate Bitcoin Mining OPEX in 2026

A comprehensive guide on calculating your operational expenditures (OPEX) for Bitcoin mining, including electricity, hosting, and hardware lifecycle costs.

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The Sell-to-Cover Strategy for Bitcoin Miners Explained

Why selling 100% of your mined Bitcoin is a mistake. Learn the Sell-to-Cover strategy to maximize your treasury while keeping the lights on.

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What To Do When Bitcoin Falls Below the 30-Day Average

A survival guide for Bitcoin miners during price dips. How to manage your treasury and OPEX when Bitcoin drops below its moving averages.

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Bitcoin Halving Impact: How to Adjust Your OPEX Strategy

The Bitcoin halving cuts revenue by 50% overnight. Learn how to adjust your mining OPEX strategy to survive the revenue drop and thrive in the subsequent bull run.

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The True Cost of Mining: Why Hardware Depreciation Matters

Electricity isn't your only cost. Understand how ASIC hardware depreciation secretly eats into your Bitcoin mining profits and how to calculate total ROI.

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Top 5 Mistakes Beginning Bitcoin Miners Make

Avoid these catastrophic errors when starting your Bitcoin mining operation. Learn how to manage heat, electricity, and treasury strategies.

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The Ultimate Guide to Bitcoin Mining Hosting Options

Should you mine at home, build a facility, or use a hosting provider? We break down the pros, cons, and hidden OPEX costs of Bitcoin mining hosting.

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Understanding Bitcoin Network Difficulty and Your Yield

Why does your daily Bitcoin mining yield keep dropping? We explain exactly how Network Difficulty works and how to forecast your actual OPEX.

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Tax Implications of Mining: OPEX Deductions

Disclaimer: Not tax advice. A high-level overview of how Bitcoin miners frequently handle OPEX deductions, capital depreciation, and income reporting.

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Immersion Cooling: Is the Massive CAPEX Worth the OPEX Savings?

A deep dive into dielectric fluid immersion cooling for Bitcoin ASICs. Does the massive upfront cost justify the improvements in hashrate and electricity savings?

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