Bitcoin mining has always operated on thin profit margins, and that’s especially true today. Whether a miner makes money or loses it often depends on factors like the cost of electricity, how well their equipment works, fees charged by mining pools, and even the number of invalid transaction attempts.
Things got tougher for Bitcoin miners after the halving event in 2024. The reward for mining a block decreased, and even though it’s now 2026, mining remains very challenging – the difficulty hasn’t dropped below 135T. As a result, it now costs many miners over $74,000 in electricity alone to mine a single Bitcoin.
Reducing waste is crucial because it directly impacts a company’s profitability. EMCD and Vnish are working to solve this issue.
This new collaboration combines EMCD’s mining pool resources with Vnish’s firmware, which currently powers 26.4% of mining operations worldwide.
We want to help miners identify and fix the reasons they’re losing money, and boost their profits – all without just adding more hardware.
During Consensus 2026 in Miami, Michael Jerlis, the founder and CEO of EMCD, explained that cryptocurrency miners require more hands-on assistance from the companies that provide essential infrastructure.
Jerlis explained that pool and machine companies used to simply offer services. Now, they’re increasingly working *with* miners as collaborative partners.
Where Bitcoin Miners Are Losing Money
The losses often start at the machine level.
Factory settings typically use the same voltage for all computer chips, but these chips aren’t all created equal. Some chips are more powerful than others, and applying a single voltage can limit the performance of the stronger ones while causing the weaker ones to overheat. This standardized approach can waste as much as 25% of the hardware’s potential capability, according to documentation from the project.
As a crypto miner, I’m really watching those pool fees. They don’t seem like much – maybe 1.5% to 4% – but they can actually take a significant bite out of my earnings over time. It adds up faster than you’d think!
When mining, rejected shares represent a hidden loss of resources. If there’s a delay connecting to the mining pool, miners waste electricity performing calculations that aren’t ultimately accepted.
EMCD and Vnish estimate that this can possibly reduce monthly income by another 2% to 5%.
Jerlis summed up the pressure clearly.
He explained that all miners face similar challenges, specifically mentioning expenses like running costs, electricity bills, software, and equipment purchases.
We’re thrilled to be working with EMCD, a highly reputable mining pool! This partnership benefits Vnish users in a few ways: you’ll get up to 24% more hashrate at a lower cost per TH, and EMCD offers lower pool fees and reliable payouts. Together, we’re creating a more efficient system so you can keep more of your earnings.
— VNISH (@Vnishfirmware) March 19, 2026
How the Partnership Helps
EMCD–Vnish provides hands-on solutions to improve your mining operations, rather than just making general claims. Their service covers things like checking your hardware, fine-tuning performance, minimizing network issues, optimizing mining processes, and thorough reviews by EMCD and Vnish specialists.
This service identifies performance bottlenecks in a miner’s system and provides easy-to-follow instructions for optimization.
Firmware plays a crucial role in optimizing mining equipment. Vnish can fine-tune the specialized chips (ASICs) to boost performance, use less energy, and ultimately, increase profitability. Even slight improvements can be significant for miners operating on thin margins.
“Custom firmware helps to cut power consumption,” Jerlis said.
Connection quality with mining pools is also a priority. EMCD is developing improvements like optimized routing and tools to minimize rejected shares, according to Jerlis.
This is important because miners only get paid when their work is accepted. If their work is rejected, the electricity they used is essentially wasted money.
Jerlis said the partnership is designed to improve miner profitability from several angles at once.
“Together we will cut our fees and give miners more profitability,” he said.
A More Hands-On Mining Model
Following the halving event, Bitcoin miners need to be more efficient. While low-cost electricity remains important, it’s no longer the sole factor for success. Now, things like optimizing their machines, using updated software, choosing reliable mining pools, minimizing delays, and having good support are all crucial for profitability.
Jerlis explained that EMCD was created to directly help miners. When the company began, miners often had difficulty contacting pool operators when issues arose.
As an analyst, I’ve observed that EMCD initially gained traction by offering round-the-clock support. Now, through the Vnish partnership, we’re bringing that same always-on commitment to optimization services.
From my analysis, the key priorities are assisting them in increasing their Bitcoin holdings, optimizing their hardware for efficiency, and reducing their operational costs. That’s what we need to focus on, according to my understanding of the situation.
Essentially, the EMCD and Vnish are working together to support miners in a challenging market where even small problems can be very expensive.
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2026-05-14 23:57