We build these systems because the fiat system is broken.

How we got off the gold standard

Money was not invented by governments. People chose gold in the market because it worked: it is scarce, it lasts, and nobody can make more by decree. In our view, the last century is the story of that limit being removed, one step at a time.

1. 1913Congress creates the Federal Reserve, a central bank that takes control of the supply of dollars.
2. 1933–34Americans can no longer trade dollars for gold, and are ordered to sell the gold they own to the government at $20.67 an ounce. The government then reprices gold at $35, cutting the dollar's value in gold by about 40%.
3. 1944At Bretton Woods, the major economies agree to peg their currencies to the dollar, and the dollar stays pegged to gold at $35 an ounce. This makes the dollar the world's reserve currency.
4. 1971The United States stops letting foreign governments exchange dollars for gold. With the last link to gold cut, every major currency is fiat: money because a government says so.
5. 1970s onwardOil sales around the world come to be priced in dollars, so every country needs dollars to buy energy. That keeps global demand for dollars high, however many are created.

By the government's own inflation figures, the dollar has lost more than 85% of its purchasing power since 1971. Savers pay for that quietly, and those closest to newly created money benefit first.

What changed when gold was removed

Under the gold standard, the number of dollars was tied to the gold the government held. When that link was cut in 1971, nothing limited how many could be created. The broad money supply (M2) was about $685 billion in August 1971. By June 2026 it was about $23.2 trillion, roughly 34 times larger.

Here is what an ounce of gold and a typical house cost in dollars at the same points as the timeline above.

Since 1971, the price of gold in dollars has risen about 118 times. The median new house has risen about 16 times. Priced in gold, a typical new house cost about 720 ounces in 1971 and about 99 ounces today. Over the same period, the dollar lost about 88% of its purchasing power. The unit that changed most is the dollar.

^* The 1944 figure is the 1940 Census median home value, which is a different measure from the new-house median used from 1971 on. Sources: Federal Reserve (M2), U.S. Census Bureau (home prices), Bureau of Labor Statistics (inflation), Reuters (gold price, October 2, 2026). Gold and home prices also reflect supply, demand and speculation, so this shows direction, not a precise measure.

How Bitcoin fixes it

The US keeps creating dollars, so each one buys less. What cost $1 in 1997 costs about $2.08 today. A dollar has lost half its purchasing power in under 30 years. Bitcoin's supply is fixed, and over the past decade it has outperformed stocks, gold and every other major asset. Past performance is not a promise of future results.

For well over a century, economists have judged money by seven properties. Fiat does fine on some of them. It fails on the one that matters most.

1. Durability

   Fiat

   Notes wear out, and digital balances depend on a bank staying open.

   Bitcoin

   The ledger is kept by thousands of independent computers around the world.

2. Portability

   Fiat

   Easy inside the banking system, slow and permissioned across borders.

   Bitcoin

   Any amount, anywhere, without asking permission.

3. Divisibility

   Fiat

   Divides to the cent.

   Bitcoin

   Each coin divides into 100 million satoshis.

4. Uniformity

   Fiat

   One dollar is as good as another.

   Bitcoin

   One bitcoin is as good as another.

5. Scarcity

   Fiat

   No limit. More can always be created, so each dollar buys less: about half of what it bought in 1997.

   Bitcoin

   21 million. No one can create more.

6. Recognizability

   Fiat

   Counterfeits exist, and you rely on a bank to confirm your balance.

   Bitcoin

   Anyone can verify every coin and every payment for themselves.

7. Acceptability

   Fiat

   Accepted everywhere, by law.

   Bitcoin

   Growing, but not yet universal, and its price still swings. This is where it has the furthest to go.

How mining keeps Bitcoin running

Bitcoin's 21 million cap is not just a promise. It is enforced by miners: specialized machines that confirm payments, secure the network, and create new bitcoin on a fixed schedule. Electricity is their biggest cost, and that is where we come in. Our systems cover it from the sun.

What a system can produce

Each miner in our design runs at 300 TH/s. At today's network difficulty and after a 2% pool fee, one miner running around the clock would produce about:

More miners, more Bitcoin

Production scales in a straight line. Two miners produce twice what one does, and twelve produce twelve times as much. The systems are built from repeating units, so a site can start small and add miners later.

Yearly production by system size, in BTC and in dollars at each price

Expansion and a rising price

There are two ways the value of a system grows. One is adding miners, which adds Bitcoin. The other is the price of Bitcoin itself: the 0.61 BTC a twelve-miner system would produce in a year is the same 0.61 BTC whether the price is $85,000 or $250,000. If Bitcoin is your goal, the number to watch is the Bitcoin.