This is the first of a multi-part series describing how a more sophisticated derivatives market could affect the risk/reward of bitcoin mining. This piece will analyze how schedule risk can be hedged for pre-orders, later additions to the series will examine how miners can provide themselves with additional revenue. For detailed information about available mining equipment, please see our Mining Dashboard. Bitcoin mining is an integral aspect of the broader bitcoin infrastructure, since it supports the security of the entire network. While the incentives set up to reward miners who provide computing power are well-intentioned and would work well in …