MINING / THE OPERATOR’S NOTEBOOK
Count costs. Track closures. Keep evidence.
More tickers do not automatically make a stronger mining business.
A useful operating ledger begins with accepted shares and ends with spendable receipts. Between them sit pool allocation, immature blocks, thresholds, conversion spreads and withdrawal availability. Alongside those receipts belong power, cooling, hosting, repairs, connectivity, hardware depreciation and any applicable obligations. Additional auxiliary revenue can help; it cannot erase these costs or guarantee a positive margin.
Lists also expire. ViaBTC ended LKY mining on June 8, 2026, and its SHIC/JKC asset-management notice set a May 19 end date. ANTPOOL’s July notice ended TRMP, SHIC, CRC and JKC mining from July 10. CloverPool had already suspended CRC, DOGM, BONC and TRMP from November 27, 2025. A delisting at one pool does not establish that the underlying chain is dead.
For each chain, keep an evidence card: identity, software record, current pool support, payout rules, recent service notices and the date checked. Revisit it before changing equipment or routing work. A catalog entry is a research starting point; successful settlement and a defensible cost ledger are different tests.
- Net operating result = realized receipts minus documented operating costs; equipment recovery is a further question.
- No hardware purchase, pool connection, conversion or transaction was performed for this research.