It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.
Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen. But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term. I don't understand how you can benefit when the annual profit and inflation are the same. All currencies are depreciating, in the US it is not so noticeable. In Russia, for example, the price of some goods has increased by 100 percent, and for some, the price has not practically changed. Okay lets say I have 10000 usd in USA I bonds. Some pay 6.9% others pay 9.62% pretend it comes to 8% for a year or 800 usd so 10000 turns into 10800. basically a perfectly pegged USD token as it is USD. Lets pretend I have 10000 in eth staked on coinbase. my 300 dropped to 250 even with the 6.85% they are promising which by the way is up from 4% if i had done 10000 it would be around 8300 as eth dropped. it is a bit more eth but less value based on the dollar price of eth. I am fine with doing speculation as long as I hedge. so 10000 in an ibond and 10000 in eth stake. means a year later. 10800 = ibond free to move around ? in eth stake likely to still be frozen 🥶 so my ibond move acts as a hedge against my eth stake. this is why A us bond is okay to do. will it profit against inflation maybe or maybe not but it will be liquid and close to a profit. while the 10000 in eth could be way up or way down liquid or frozen. I can do the eth move a lot more easily knowing I have the stable I-bond position. I am older 65. I cant think hodl for 20 years. but I can do a 2 year flyer on the eth stake cause I know I have the safe i bonds And what is 65 years in the USA? Your president is 80 years old, although he sometimes falls asleep at meetings  You have better medicine, so there are a lot of older people. In Russia, it is very difficult to live up to 70 years in the city for a citizen with an average salary. At 85 Having a few million more than I do now is not a major goal for me. If I had been smarter back in 2011 or 2012 and had the extra few million now it would have been nice.  |
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It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.
Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen. But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term. I don't understand how you can benefit when the annual profit and inflation are the same. All currencies are depreciating, in the US it is not so noticeable. In Russia, for example, the price of some goods has increased by 100 percent, and for some, the price has not practically changed. Okay lets say I have 10000 usd in USA I bonds. Some pay 6.9% others pay 9.62% pretend it comes to 8% for a year or 800 usd so 10000 turns into 10800. basically a perfectly pegged USD token as it is USD. Lets pretend I have 10000 in eth staked on coinbase. my 300 dropped to 250 even with the 6.85% they are promising which by the way is up from 4% if i had done 10000 it would be around 8300 as eth dropped. it is a bit more eth but less value based on the dollar price of eth. I am fine with doing speculation as long as I hedge. so 10000 in an ibond and 10000 in eth stake. means a year later. 10800 = ibond free to move around ? in eth stake likely to still be frozen 🥶 so my ibond move acts as a hedge against my eth stake. this is why A us bond is okay to do. will it profit against inflation maybe or maybe not but it will be liquid and close to a profit. while the 10000 in eth could be way up or way down liquid or frozen. I can do the eth move a lot more easily knowing I have the stable I-bond position. I am older 65. I cant think hodl for 20 years. but I can do a 2 year flyer on the eth stake cause I know I have the safe i bonds |
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Joe Biden: "I tell you what, No one’s ever done as much as president as this administration’s doing. Period."  To be fair if you change the words "as president" to "damage", then sure, he would speak the truth. and if I recall you are from? not USA So US dollar and USA bonds ... Crushed BTCsince he has been in office. Of course that may not fit your agenda. dude? dollar..crushed btc...fits your agenda? I don't think you meant what you wrote, or at least i hope so. BTW, bonds (not ibonds) are down quite a bit this year. About -15%, if i read the result correctly. Some hedge. no that is bond trading not bond interest rates they are too the moon. and I spelled it out as carefully as I can the USA had and still has an insanely expensive Dementia/Alzheimer/Nursing home issue. It is in the trillions and it is coming due. My argument is the pandemic and treat of elderly sick along with raising bond rates to protect the LTC companies is solid. The federal plan for federal workers alone in over 500 billion. His actions and trumps actions helped bail them out. So once again just because bond traders bet on bonds as trading instruments rather than invested on them for interest does not kill off my arguement that a deliberate joint party effort to fuck regular poor folk is not happening. |
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Is it the right time to get into mining? The market has crashed and bitcoin is at its lowest, but the miner prices have fallen too. Would it be profitable to start mining with these low miner prices in the long term? What do you guys think?
what is your power cost? at 6 cents a kwatt or less I would consider it. |
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Joe Biden: "I tell you what, No one’s ever done as much as president as this administration’s doing. Period." To be fair if you change the words "as president" to "damage", then sure, he would speak the truth. To be fair he revitalized the Long Term Care Industry by raising the Fed rate like a mofo. He also propped up I bonds Allowing 9.9 trillion of I bonds to be purchased in an 18 month time frame. at rates from 6.89 to 9.62% But just for USA citizens. and if I recall you are from? not USA So US dollar and USA bonds Crushed the Pound Crushed the euro Crushed BTC Crushed ETH since he has been in office. Of course that may not fit your agenda. Lets recap from Jan 2020 to now. Trump and Biden Killed off a shit ton of sick vets and demented old people in nursing homes Then Biden raised rates to allow the USA long term care industry to survive It was facing trillions in liabilities and huge bankruptcies. Now with lots of old dead sick people in nursing homes and high bond rates those companies will be saved. Looks like the right and the left know just what they are doing. Fucking over people that argue one side is bad and one side is good. When the reality is they are out to fuck over everyone they can. Put that in your pipe and smoke it bro. The Far left and far right smoking regular schmoes left and right . |
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-snip-
I think all of this should be discussed in the altcoin section since OP also specifically mentions Bitcoin mining. Regardless, the market will find equilibrium sooner or later so OP doesn't have to worry about it. I've seen a lot of doomposting about Bitcoin mining (and how it will impact its network) since months ago with or less the same question. OP might want to search about it if he is worried about Bitcoin. yeah and btc is now up just a bit. Maybe we turn a corner soon. 22k would look good to a lot of miners. |
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It is not safe to invest in financial assets in all countries. And inflation in the US is 7%, according to the news. Even now, mining gives 10-30% annual profit, and investments in cryptocurrency now can give 300-1000% profit in a few years.
Investing in country assets is always safe, especially countries like the US. Now, if you say that it has less profitability in the short/medium term, yes it can happen. But, taking into account how the FED has increased interest rates, this type of investment is currently very profitable, at least in the short term. LOL there's a reason why you, him and me are years and years into crypto . Yep but every once in a while US bonds are a good hedge. First time in over 15 years |
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Now if all coal paid that price for killing the land then coal would not be very cheap at all. So coal is being subsidized here in USA as I type.
I can make a very simple statement this needs to be addressed one way or the other and so far it is not being addressed in a good way.
look at satellite shots and you will see mile and miles and miles and mile and miles of these pits. Every one was a subsidy for coal mining.
And solar panels are not made from materials that are mined just like coal, and they don't end up in huge waste dumps in Africa and India, and let's not even talk about the child labor involved in mining lithium in South America, without which most of home solar installations would be useless with no batteries. Also, you know that coal is used to refine silicon right? So no coke, more expensive solar panels! And let's not forget that without good old coal and nuclear there won't be any light at night and nobody to give you electricity for you credits you gain during the day with the panels. There is no perfect source of energy, coal and gas pollute more, and solar is highly subsidized, and just like the wind you end up with tons of nonrecycled waste, hydro can't possibly give us all the energy we need, and nuclear, although my favorite won't be able to scale int he next half a century even if we want to build them. I am not debating ANY of that.
Just pointing out that it was at best political theater. The BTC price is down, no new permits have been applied for. Unless we enter a bull market in the next 2 years there will be no new permits, mostly because there is no reason for them.
There is enough space and the old permitted places are still coming online and some are actively trying to sell off excess space. Pass some legislation to make yourself look good.
From the political point of view this "ban" is indeed stupid, just like the ban in EU (not Europe) if it ever happens, common, next ban cocoa plantations in Norway, tariffs have already killed mining there, so what's left to ban? Anyhow, I was trying to point out that just like Amazon buys tax credits and declares is not polluting right now with a million vans, just like Google does so and miraculously their data centers that run on a mix of energy become green with money so do some of the miners, greenwashing their business when they know it's not like that. I mean seriously, it's hilarious when the so-called Bitcoin Mining council was publishing all those percentages about how green they are, and the biggest backer behind them, MARA was quietly operating that coal powerplant in Montana The whole thing is pointless from both sides, NY knows that it can't make all consumers turn to green energy as there isn't enough there so they hand-pick some to show they are doing stuff, miners claim the same stuff about being ecofriendly to get investors, knowing that not even 1% will go and try to find out details on how thing work if they were they wouldn't pour millions in business that are losing money as we speak and in reality nothing changes. Dude solar panels last 30 years on average and are about 15x the energy produced as compared to the energy used to create them. 1 400 watt panel so 400 x 24 = 9600 watts a day x 365 = 3500 kwatts a year x 20 = 70,000 kwatts of energy for about 4666 kwatts worth of coal. so you can reduce 4666/70000 = 93.33% less coal burned. seems like a win in my book. and if you used solar as part of the process to make solar the numbers would be better. maybe 96% another way 1.12 pound for a kwatt is 4666 x 1.12 pounds = 5226 pound of coal to make 1 panel but 1 panel does 70000 x 1.12 = 78400 pounds so 1 panel saves 73000 pounds of coal over its life of 30 years. BTW I gave the panel credit for 20 years of fully power not 30 to be conservative. |
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Delisting of ETC smacks of desperation for the sake of ETH So by knocking out ETC they are likely trying to prop up ETH It is also an Attack against POW coins in general. There are 120th worth of gpus/asics mining ETC Up from 25th prior to Eth going POS. This would be about 1,200,000 3080ti gpus Smacks of Gaslighting. |
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buddy failing to hold 17k.
oh well.
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Evga advised me to contact local amazon for warranty.
Evga accepts to check it for RMA if local amazon doesnt help me about it.
But there is international shipping fee + custom fees.
I will write what will happens.
Good luck. |
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Where done
Bottom is in
Or nearby
Is this the winning post for 2022? Hope so. Figures it would be the dude How was your CrossFit contest? |
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BTW it is why I partnered up with buysolar years ago and even with 7 years of expansion we are still under 500kwatts of solar built due to btc.
280+110+45 = 435kwatts of arrays since 2016
Is your mining all based on solar energy right now? Or is there a mix between solar and "carbon"? It is hard to argue with some one that does not understand the economics of mining.
world watt power available for mining is x
earnings per watt is y
xy = earnings
efficiency simply gets cancelled out by the rise in diff.
I know this very well. But I have a different point of view. And I think things should be different. It's just an opinion. But since I'm not a decision maker, I can't do much. we have both solar and carbon based mining in NJ and PA @mikey other than various governments giving incentives for solar/wind mining . We are pretty much near max they will allow for carbon based mining. I feel the NY law which is a 2 year trial run is testing the waters of forcing or incentivizing miners to build arrays to mine. And the max efficiency is kind of like how many miles to a gallon gas can a car do. You don't want a tiny vehicle say a 4 seat small trunk car. with a catalytic converter. It has a max number say 100 miles to a gallon vs the 'normal' 40 you can get. but it needs to be made of all carbon fiber and have special governors and yada yada yada. So we settle on a honda that does 33-40 miles to a gallon. Same for a mining gear. lets say 11 watts to a th but down clocked with chips spread out. or solar array with a government subsidy like they gave to coal and oil and gas since 1900. Still doubt they do that but one can help. That is wy we hedge carbon based and solar based mining for us. |
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I would be willing to buy a lot if price was decent.
I have seen the stackable 1 dollar coupons sell at 40 cents.
I won't pay 40 cents.
But I would pay 25 cents for $1 dollar coupons.
Seller goes first.
We can do it in multiple sends if you are afraid.
ie send me 100 coupons I send you $25.00
if you have a coinbase account
and give me the email I can send BTC or USDC
if you just want to use an address I can pay in LTC or Doge
if you want PayPal I can do that.
I LIKELY will buy a few thousand dollars worth of coupons over the next month.
pm me
bump |
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I believe that the advancement of technology has to allow getting the same hash number, with half of the current consumption. And as other have said, all that will happen is that the mfgr's will just continue to pack more chips into the hardware until it still pulls the same amount of power per machine. It is hard to argue with some one that does not understand the economics of mining. world watt power available for mining is x earnings per watt is y xy = earnings efficiency simply gets cancelled out by the rise in diff. Back to topic giving newly built solar based mining a 3 cent per watt subsidy and fining carbon based mining 4 cents per watts would be a better law than what NY did. IT would get more solar built and if mining goes bust the solar power is still good. I bet none of us live to see that as it is a simple easy thing that would work. thus it will not get done. BTW it is why I partnered up with buysolar years ago and even with 7 years of expansion we are still under 500kwatts of solar built due to btc. 280+110+45 = 435kwatts of arrays since 2016 |
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Which was why I said that all the NEW ones were committed to buying / using 100% renewable.
Define new, Digihost bought that gas plant at the end of the last year and it has barely come online for a few months after acquiring permits, TW Lake Mariner facility is not even completed and runs at 10% capacity. There have been no new applications that I have seen for months, probably due to the BTC price drop, but the last few that were proposed were either supposed to be 100% renewable or buying renewable.
A slight difference between applications and things that are currently running, and obviously, the ones running are the problem that caused this, not future plans. Common, let's not start this all bitcoin mining energy used is green and has zero impact drama, you know just as well as me that it's nowhere near the real truth. Miners weren't flocking to Montana to admire the view and they are not mining with hydropower because it's good for the planet, they mine like that because it's good for their pockets and they will do so with whatever it's cheaper. Let's ask every miner here if he's willing to pay 3 extra cents for green energy or just 3 cents for coal, we all know the outcome. the question is will all carbon based mining in usa be fined 3 cents a kwatt and all solar based mining be reward 3 cents a kwatt. You need to understand carbon based fuels have had huge incentives for decades. one simple photo should explain the incentives quite clearly  how about every pit like the one above must be plead and then lined with solar cells. As the cost of destroying the mountain that it once was. Now if all coal paid that price for killing the land then coal would not be very cheap at all. So coal is being subsidized here in USA as I type. I can make a very simple statement this needs to be addressed one way or the other and so far it is not being addressed in a good way. look at satellite shots and you will see mile and miles and miles and mile and miles of these pits. Every one was a subsidy for coal mining. @ joker_josue if I magically made a 1ph miner using 1000 watts and restricted it to residential homes only it would work. But I can tell you we are not going to see that happen. If the gear could be made it would be 3ph at 3000 watts with the diff shooting up to 200t vs the current 34t Better machines never lowered power usage. Proper rules for "cheap" carbon fuel would had worked far better. Bit in this world on this planet with the current governments we share this is not going to help. Our best shot would be this version of the day the earth stood still https://www.imdb.com/title/tt0043456/I consider that pretty much the only shot humanity has. We simply are too weak willed to do it without "Gort" |
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I will never understand why people immediately film with a smartphone instead of helping. For the children in the reastaurant, this fight is hopefully a reason why they will never eat in this "restaurant" again. because the fighters are liable to turn on the peacemaker |
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blocked again
blockfi is done yet no big drop in price for btc I guess a good sign.
I may buy some more thank god for my doge stash rising while btc is flat.
I get to increase my spot btc buys. still doing btc dca weekly
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https://www.bitrawr.com/difficulty-estimator... Latest Block: 765190 (9 minutes ago) Current Pace: 89.9482% (1127 / 1252.94 expected, 125.94 behind) Previous Difficulty: 36762198818467.21 Current Difficulty: 36950494067222.41 Next Difficulty: between 33300882606757 and 33953001864656 Next Difficulty Change: between -9.8770% and -8.1122% Previous Retarget: November 20, 2022 at 5:50 PM (+0.5122%) Next Retarget (earliest): December 6, 2022 at 12:04 AM (in 6d 13h 25m 22s) Next Retarget (latest): December 6, 2022 at 7:22 AM (in 6d 20h 43m 28s) Projected Epoch Length: between 15d 6h 14m 48s and 15d 13h 32m 54s ... 126 blocks about 10% price at low 16k and around 6-7 days to go. a 33.3 diff followed by another 10 % drops gets us under 30t diff. could happen |
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