For long, Bitcoin (BTC) mining companies have tricked their clients with uptime metrics that look at whether a machine is running on power on not instead of checking whether a machine is actually hashing.
Abundant Mines captured the opportunity and introduced a feature in December 2024 that went on to disrupt how the Bitcoin mining industry defines performance.
Called Hashrate Redirectâ„¢, the feature replaces a client’s lost hashrate with hash from Abundant Mines’ operational fleet so that the client doesn’t lose out on reward.
And now, the company is celebrating one year of launching a feature that has redefined uptime and protected millions in client Bitcoin rewards.
Related: Abundant Mines introduces a new standard for miner uptime accountability
Understanding Hashrate Redirectâ„¢ by Abundant Mines
To put it simply, Bitcoin mining is the process of using computing power to verify and add new transactions to the Bitcoin network.
A miner tries to find a hash—a long string of letters and numbers—that meets certain rules and proves they did real work to secure the network.
When a miner successfully adds a block of transactions to the chain, they earn newly created Bitcoin as a reward.
It’s not uncommon for a client’s mining rig to lose power, break down, or go into repair. But mining providers often count such out-of-service rigs toward a provider’s claimed “98% uptime.”
It translates into lost bitcoin, lost revenue, and lost trust.
To address this challenge, Abundant Mines launched Hashrate Redirectâ„¢.
It measures rig uptime—the percentage of time a machine is hashing and producing Bitcoin—instead of measuring whether a machine has power or not.
In fact, when a rig goes offline due to repair or maintenance, Hashrate Redirectâ„¢ replaces the lost hashrate with hash from Abundant Mines’ own fleet.
It immediately tracks the loss of hash and redirects within days, not at the end of the month or year. This way, clients can earn Bitcoin revenue even during rig downtime.
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“When we introduced Hashrate Redirectâ„¢ a year ago, we didn’t make a big announcement. We simply built the solution we wished had existed when we were clients,” said Abundant Mines co-founder and CEO Beau Turner.
“Twelve months later, the results speak for themselves: our clients continue earning even when their machines are offline, and the industry standard for uptime is shifting toward truth and transparency.”
Hashrate Redirectâ„¢ captures Bitcoin’s full potential
Bitcoin rewards get issued every 10 minutes. If a client loses them, they’re gone forever. A client can suffer significant losses during a rig downtime if BTC’s price is surging.
Most mining providers provide their clients compensation in the form of a one‑time hashrate allocation or bill credit for downtime once or twice a year.
While this might seem like a fair solution, Bitcoin’s price volatility often makes it a bad bargain.
Distributed every 10 minutes, Bitcoin rewards change in value as per the changing market price. No compensation can make up what a client loses out on mining rewards due to downtime.
This is where Hashrate Redirectâ„¢ comes in.
Abundant Mines replaces hashrate continuously instead of offering compensation. This way, clients can capture the full earning potential of Bitcoin mining.
“Timing is everything in bitcoin mining,” said Turner.
“By replacing hashrate weekly instead of issuing delayed payouts, we ensure our clients never miss the most valuable moments to earn.”
Abundant Mines celebrates one year of Hashrate Redirectâ„¢
Since its launch a year ago, Hashrate Redirectâ„¢ has protected clients from hours of lost revenue, redirected hashrate for rigs without interruption, and preserved Bitcoin rewards for clients that would have been lost.
“Mining should mean performance, not just power,” Turner said. “Hashrate Redirectâ„¢ has proven that principle for a full year, and we are only getting started.”
Related: Abundant Mines CEO says Bitcoin mining can offset large amounts of taxable income