I order my first liquid cooling setup. Due to arrive in March.
Waw, March is a long way, any pics or links? If we take off like mad farm will not be built out.
Exactly my concern, I can't stand the fact that I am not so excited about the last price increase, yes the farm makes more $$ but then gear prices are also doing the same, the problem with price increases is that miners increase more, in other words, the ROI gets longer both in BTC and $ when the price goes higher, sellers will negotiate less, supply will shrink, you can now buy 1 year ROI miner, later if we hit 30k it will be 1.4 years miner, the expansion becomes more difficult. I am trying to rush ASAP to fill what's left in the farm space, the electricity infrastructure is no joke, it sucks a ton of liquidity, we just bought a 30M cable for like 0.2 BTC  , it's a terrible time to be doing any infrastructure work, it's good we did most of it during the bull market but should have done better, hope someone reads this and benefit from it, if you are planning on building a farm, plan ahead, and build all the infrastructure in the bull market, even the things you are not going to use for years. Yes links: https://www.youtube.com/watch?v=xoOPMKbUj9ghttps://octominer.com/product/octotank-12/https://octominer.com/wp-content/uploads/2022/12/Octominer-Octcotank12-FINAL-PDF-compressed.pdfI am hoping these will solve our cooling issue. |
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A good question.
Renting only works if it lets you save on the side to have enough to buy a house.
A single couple like you ( the op ) Should be able to save side money as you split the rent.
Buying a house can yield big money. I paid 147k in 1992 my home is worth 660k now.
Kind of beats inflation But we are talking a 30.5 year time frame.
BTW a 1992 dollar is worth 1.00/2.12
or it grew 2.12 x 1
my 147k house should have become 311k
So I beat inflation pretty well.
At least on paper.
add in property tax 30 x 5k = 150k
heat is more say 360 x 100 = 36k
improvements say 100k = 100k
total 286k
286k + 311k = 597k. and my house is worth about 660k
so I am around 63k ahead. over a 30 year time frame.
what other gains did I have. I live in a low crime neighborhood.
town of 70k in 30 years only 5 murders
So 1 every 6 years.
I lived in New York City about 700 murders a year on average
fast math is
murder rate in small town 419,991 to 1
murder rate in NYC is 11,428 to 1
So I feel my purchase is worth it. Safety alone helps the move being worth it.
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Yeah we can go as low as 4.4 cents a th.
So 6 was okay.
and 7.87 is better.
A slow rise to 9-11 cents is my hope.
I have not quite retooled the farm to what I want it to be.
If we take off like mad farm will not be built out.
I order my first liquid cooling setup. Due to arrive in March.
In a magically wonderful world 🌎 made for my mine I would end up with a lot of these.
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trips are enough.
Keep up the good work buddy hold the foundation at 23k
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Have to disagree. Fiat is back by the guns and weapons of the police and the military |
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Good for miners. Interesting development. Next step is banning oil and coal to mine. So a miner with 400kwatts of solar is still safe I wonder who that could be? |
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<a big snip> JJG mining sets the floor price. I have followed for years and bottoms come in just about right on spot to : 5-6 cent power and top of the line gear. basically we hit that in november . I 100% agree that mining does not set the top of the bull run. But time and time again mining is what set the foundation level for the bottom. please note flash crashes are excluded as the have been followed by v style recovery. 1. Approximately..and typically one month or month and a half of declining difficulty sets the bottom (during usual markets, not a calamity). 2. I still hold readily deploy-able funds to buy the flash crash or a sudden dip...it is much more my style vs DCAing, but to each their own. I have done difficulty posts for years in the mining section as I use your ideas and some others to help determine bottoms for BTC. So we apparently left the bottom but we could test it again which is why continued investment in mining gear and long term growth of it is very important to have rising btc foundation setttings. |
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I don't like getting much attention and I don't like to brag about my own achievements. But reaching 10 000 posts doesn't happens every day, so, I want to tell few words about it. When I signed up here in 2015, I had no expectations that one day I will reach such milestone. And I have no expectations that I will reach 20 000 posts in the future. It's possible, but it will take many years to do it and you never know what will happen.
Though, I must admit that if I would through my post history, I would delete many of my posts, especially from my early days here. But probably many would do same things. It's something similar like going through your old photos on social media - maybe it was ok to upload it when you were young and stupid, but nobody wouldn't understand if you would upload such photo now.
I know that reaching 10 000 posts isn't something very special and at least 128 members from 3.5 million have made more, but I don't pretend to be somehow special.
Keep up the good work. I have read many of your posts that have good content and are nice reads. |
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Bitcoin 2018 vs 2022:
1. 7 MA crossing 25 MA.
2. Bitcoin broke the resistance trendline.
3. End of Bear Market, bottom is in.
pls don't jinx it  oh really?? More time to buy at cheap if I jinxed it. 😂 Hahahaha Anyone who knows anything about dee cornz still voting (hoping/praying) for downity? Of course, we never completely purge ourselves from the fence sitters, the low coiners and/or those who failed/refused to sufficiently/adequately stack up and pee pare their lil selfies for Uppity in the past 7 months or so. For that reason, it surely would be lovely to see my lil precious go into "punishment mode" .. .hahahaha we've seen that kind of thing happen several times in previous years, and surely it is not anything that can be relied upon, but it surely tends to be joyous during those sometimes when it has happened to have happened... and I cannot even see right now as being a bad "set-up" to go down up such a path... not even saying that I give very many shits if I happen to get some extra bonus pleasures during such events when they happen and they really do not seem to be outside of the cards for anyone who happens to know anything bout cornz. #Bitcoin is the best performing asset in the world this year, according to latest data by Goldman Sachs  https://twitter.com/home?utm_source=homescreen&utm_medium=shortcutI guess the serious investors won't ignore this obvious fact. If an asset during his bear cycle is outperforming the other assets by a lot, it is a no-brainer where they should put some money. So, even with the lack of good news and with a low volume BTC could stabilize around 30K this year and 40K next year. Yes, BTC is the best performing asset to hold (that's why I'm 98% in), but isn't this comparison is a bit cherry picked ? We are only 3 weeks into the year and just had a mini bullrun out of the lows in this time frame... Look this could simply be a July 2019 move. Which means lots of down time for a while. Huh? Do you even understand what happened or where we were at in July 2019? By the time we got to July 2019, 3.5x BTC price rise had just taken place over a 3 month period. I saw July 2019, and this ain't no July 2019... even if our current BTC price were to end up correcting back down to $16k-ish from here. Or maybe it is simply going back to a nice level for mining.
Or maybe you are allowing dreams to get in the way of your BTC price dynamics analysis? A big farm with 5 cent power and 25 watt gear. And debt along with overhead of building workers maintenance was in serious trouble a while back.
100 th made 6 usd a day. burns 80kwatts or 4 usd at five cent power. nets 2 dollar a unit but then add in building cost, loans ,salaries ,gear maintenance they were under water.
they kind of needed 4 cent power or no loans.
same 5 cent power setup today makes 7.87 a day burns 4 dollars nets 3.87 per unit before all other costs.
10000 units is 38,700 a day vs 20,000 a day.
10000 units could have cost 60 million or maybe as low as 15million
38,700 a day = 14,125,500 a year. vs 7,300,000 a year.
Yeah, but who cares? You think that mining costs drive the price dynamics of my lil precious? 23 never felt so good.
Yep.. we keep revisiting here.. so it's gotta make a person wonder. 10 merit for ivomm
But should also DE-merit for bear prices in the good content….
What you talkin bout Willis?  I guess the serious investors won't ignore this obvious fact. If an asset during his bear cycle is outperforming the other assets by a lot, it is a no-brainer where they should put some money. So, even with the lack of good news and with a low volume BTC could stabilize around 30K this year and 40K next year.
Its the reason I didn't merit that post. Hahahaha .. fair enough.. .. I had to go back and merit dee doodz for such subtle wittenings. And by the way.. yeah, I might have clicked my "send" merit button too soon too.. especially when thinking about "stable BTC" prices, as if that were an actual thing that any of us should consider amongst any kind of "meaningful" high level of probability that it is even worth mentioning... yeah... sure, "stable" prices coudl end up happening, but largely seems like an outlier event that is hardly worth mentioning it.. unless we are somehow obsessed with focusing our mental energies on "fringe" cases and then treating them as if they were anywhere even close to 50 or greater odds of actually taking place. JJG mining sets the floor price. I have followed for years and bottoms come in just about right on spot to : 5-6 cent power and top of the line gear. basically we hit that in november . I 100% agree that mining does not set the top of the bull run. But time and time again mining is what set the foundation level for the bottom. please note flash crashes are excluded as the have been followed by v style recovery. |
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buddy lets get a good lift tonight. 25k would be good. |
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#Bitcoin is the best performing asset in the world this year, according to latest data by Goldman Sachs https://twitter.com/home?utm_source=homescreen&utm_medium=shortcutI guess the serious investors won't ignore this obvious fact. If an asset during his bear cycle is outperforming the other assets by a lot, it is a no-brainer where they should put some money. So, even with the lack of good news and with a low volume BTC could stabilize around 30K this year and 40K next year. Yes, BTC is the best performing asset to hold (that's why I'm 98% in), but isn't this comparison is a bit cherry picked ? We are only 3 weeks into the year and just had a mini bullrun out of the lows in this time frame... Look this could simply be a July 2019 move. Which means lots of down time for a while. Or maybe it is simply going back to a nice level for mining. A big farm with 5 cent power and 25 watt gear. And debt along with overhead of building workers maintenance was in serious trouble a while back. 100 th made 6 usd a day. burns 80kwatts or 4 usd at five cent power. nets 2 dollar a unit but then add in building cost, loans ,salaries ,gear maintenance they were under water. they kind of needed 4 cent power or no loans. same 5 cent power setup today makes 7.87 a day burns 4 dollars nets 3.87 per unit before all other costs. 10000 units is 38,700 a day vs 20,000 a day. 10000 units could have cost 60 million or maybe as low as 15million 38,700 a day = 14,125,500 a year. vs 7,300,000 a year. |
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It means a shut down of something or a retooling of a mine or stone cold terrible luck.
Probably the former, nearly 400 blocks since you posted this one and the pace seems to have stabilized, right now the numbers are Latest Block: 773310 (12 minutes ago)
Current Pace: 101.4569% (1183 / 1166.01 expected, 16.99 ahead)
Previous Difficulty: 34093570325203.84
Current Difficulty: 37590453655497.09
Next Difficulty: between 38055268767469 and 38152395166822
Next Difficulty Change: between +1.2365% and +1.4949%
Previous Retarget: January 15, 2023 at 11:07 PM (+10.2567%)
Next Retarget (earliest): Sunday at 6:17 PM (in 5d 16h 50m 22s)
Next Retarget (latest): Sunday at 7:07 PM (in 5d 17h 39m 48s)
Projected Epoch Length: between 13d 19h 10m 30s and 13d 19h 59m 55s Maybe Core has finally shut down the >37,000 gears they run for Celsius, they talked about this in the beginning f the month, maybe it just happened, along with some other miners shut down, all I can say is "difficulty is crazy". Well a price of 23200 and a diff jump of 2% works. we got down to 6.01 cents for 1th we are up to 7.87 cents for 1th that is a 30 percent increase from the bottom for miners certainly works for me. |
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It's likely the fan is shorting the control board, you need to check the fan wires to make sure none of them is touching one another, could also be the plugs themselves, they could have melted inside and now are shorted, it will be near impossible and not worth the time to inspect those plugs, just get a replacement fan to make sure the issue is fan itself and not the control board.
I would swap in a new fan. |
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When I got into bitcoin (in late 2013) I was thinking 1-2 years minimum... and so I was not even so strict upon my lil selfie as to really lock myself in, and frequently, since about 2017/2018, I tell people that the investment thesis is so much stronger now than it was in 2013, that any of us should be able to attempt to conceptually lock ourselves into a 4-10 year or longer investment time horizon right from the start of getting into bitcoin. I am telling people that because I think that my own conviction has adjusted but also I think that the actual investment justifies the ability to get into it with a 4-10 year or longer investment time horizon.
When I talk with people about this 4-10 year or longer investment timeline, they say the right words like "yes, that sounds right" but I really don't get the sense that anyone really wants to commit to anything that long.. and even 2 years is feeling like a long time for them.... of course, there can be circles in which people have more confidence and are able to show more enthusiasm.. but normies seem to have a lot of reluctancies to really buckle into a long term investment plan that includes bitcoin as one of the components.. whether that is a low allocation such as 1% of their total quasi-liquid investment portfolio or something more aggressive up to 25%.
Maybe my recent interactions are skewing my judgement a bit, because I know that between late 2015 and early 2019, I had quite a few more interactions with people who were more apparently inwardly motivated towards establishing and maintaining a longer term investment thesis in bitcoin, and some of those people were already somewhat predispositioned towards bitcoin by the time that I had spoken with them as compared with folks who seem to be getting a vast majority of information from me or from the contrasting misinformation that they seem to be getting off of mainstream media sources.
Agreed in a more general way, the concept of along term investment is that long term definition has turned into a couple of years where I would go further and say it’s at minimum 10yrs to 30yrs. It almost lines up to a mortgage term and that’s how I see long term in any investment. In relation to btc and the first ones in is there any on chain data would could get a gauge on how much stuck to at least 10yrs holding. yeah 10 to 20 is likely proper thought pattern here. |
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Democrats push to eliminate the debt ceiling, allow unlimited government borrowing.Dozens of House Democrats have proposed legislation that would eliminate the debt ceiling, which would allow the government to borrow without any limit set by Congress.
The federal government hit the $31.381 trillion debt ceiling last week, and House Republicans are pushing for commitments to cut back on the record growth in federal spending before agreeing to allow more borrowing. But Democrats accuse Republicans of setting up the possibility of prohibiting a debt ceiling hike, which would make the government unable to fund all of its current obligations.
Democrats say a better idea is to eliminate all limits on federal borrowing and allow the government to borrow whatever it needs. they are correct. and it should be great for BTC |
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You can choose your friends but unfortunately not your family.
You mean if your grandpa and grandma are Russians but you were raised in school as ukronazi hating Russia? Dude Russia is going to win then wipe out 5-10 million more Ukraine 🇺🇦 people once they win. For what? making the worlds largest county larger and being called the worlds biggest villain. Its Putins wish to claw back every sq inch they lost back in the 80s. Actually Putin is one of many reasons I am glad all my kids are dead 💀 already. To all of you with kids and grand kids oh well. |
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buddy has done enough blocked
decent work on his part right near 23k
hoping it is our new sideways point for a month or so
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You can choose your friends but unfortunately not your family.
yeah i have a solid wife and my three close friends are good friends. |
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