I am married to same woman for 35 years
Most skilled at peace keeping. I've been told the great secret is saying: "yes, my dear". One of my major techniques. |
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I'm a farmer for fucks sake.
Special skills - rearing livestock, growing crops, shooting a 3" group at 500 yds.
braggart i am a burnout special skills - shitposting, smoking weed, plinking anyone else? I am married to same woman for 35 years Most skilled at peace keeping. |
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There are some bitcoiners who have been into bitcoin for a decently long period of time and they hardly know shit about bitcoin It's much more worrying people who have been into fiat money their entire life (which is almost anyone) can't explain "money" either. Ask the average person what money is, and they have no idea. Ask them where it comes from, where the money for their mortgage comes from, and ask if they have any idea how much money goes around in the global foreign exchange market. People have no idea how it really works, and that makes them sleep at night. “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Dude they would buy the BTC dip I just got some more dip. I have a $50 a day buy set |
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And they paid off the blocks.
I got say .7 and then .4 = 1.1 btc
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I figure my return for 2021 will have 100+ pages of info.
my return for 2020 was about 40 pages
The state should pay you for writing those pages,  jokes aside, it seems like a lot of work needs to be done to prepare your tax files, I am really so glad I don't have that here, the only time I have to report income is if the business is owned by a company of mine and sells stuff to the government, however, if the business is personal-owned and doesn't sell anything to the government, I am free to do whatever I want with my income. of course, in return, we don't have fancy highways and a perfect health care system and whatnot, but with the almost free power rate I have, I prefer that things stay this way for as long as possible. Now back to mining, I have already started negotiating for a 1MW facility, hopefully, by the Q2-Q3 next year it will be ready, and then eventually the plan will be 10-15 ph in S9s and a few a bit more effienct gears, but because I want to spend more time with my family, this time around I will have someone to manage the whole farm and share with them a handsome percentage of the profit, this mining game is addicted and I can't seem to stop, but this 10-15ph will be it for me, and from there on, just mine and hodl. Fuck taxes they are far too complex. I am sitting at a desk in NJ watching narcos and typing this. My wife is retired IRS she has 65 books on Taxes and they are for federal rules not states and cities. Even though we are now a small business and I am 64 I do like to mine. My exit plan is 70 and out. Travel with the wife to Italy and Australia |
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I think 🤔 mostly sideways and in a 50-70k range.
I think this could go well in 2022.
The so called boom occurs next fall not this winter. The boom tops 200k.
But just an I think 🤔
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You and me both my friend.
Either planet Earth is the only life harboring planet in the universe or it is not.
We may never know. But regardless, either scenario is mind boggling.
I've read a few articles that basically say, we can't be the only planet in the whole universe with life ... there are billions of stars per galaxy, and billions of galaxies, and an exponential number of planets per star (well, some stars have no planets, but some stars have solar systems like ours.) We just haven't seen them, or they haven't seen us, or somehow we are too far apart to see each other, or they may have lived long time ago. Yes, what a fascinating topic. From our current knowledge, a Galactic 'Empire' might not be possible (the speed of light is a limiting factor)..watching, but not particularly liking the "Foundation". That said, I am reasonably confident that life exists elsewhere as long as there are energy flows and relative climate stability. In fact, I really favor the panspermia hypothesis (life spreads between planets of different stars). There is a peculiar factoid of life starting on Earth a very short time (in geological terms) after the stable crust has formed, which is not explained very well so far. jeesh i read the foundation back in the early 70s. never thought they would try to make a show out of it. As for real space travel 🧭 folding it could solve the distance issue. think of a six foot folding ruler 1 inch and 72 inch mark get close of you fold the ruler yet the ruler is still a six foot ruler. |
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Well we dropped the last 53k number today.
Tomorrow we work on the 54 k range
We have 40 numbers at 60+
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You and me both my friend.
Either planet Earth is the only life harboring planet in the universe or it is not.
We may never know. But regardless, either scenario is mind boggling.
I've read a few articles that basically say, we can't be the only planet in the whole universe with life ... there are billions of stars per galaxy, and billions of galaxies, and an exponential number of planets per star (well, some stars have no planets, but some stars have solar systems like ours.) We just haven't seen them, or they haven't seen us, or somehow we are too far apart to see each other, or they may have lived long time ago. Well lets hope some green lizard mofos didn't already find us and are ruling it all behind the scenes. |
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yeah in us we have three sets of tax laws involved on the federal level.
state laws
finally some city laws.
Spend 1000 usd Say feb 1 hold less than 1 year and sell. for 2 k
that is short term i pay federal and state short term tax on it. higher rate.
spend 1000 usd say feb 1 hold 1 plus year i pay federal and state long term tax on it. lower rate
now lets take mining.
I mine on a small pool
I mine on a big pool.
mmpool did not hit a single block for four years.
all that hash can be counted as an expense each year against my gains from viabtc.
and all the hash expense for viabtc can be counted as an expense against viabtc earnings.
this year i have great earnings
i have long term cap gain
i have short term cap gain
i have two hits on mmpool
i have viabtc earnings.
my return will be filed in oct 15 2022 for the 2021 year. it will be the highest earnings ever and by far the most complex return.
but I am a mining/selling company
I mine
I buy gear
I sell gear
I rent gear as the owner of the gear
I rent gear as the user of the gear.
I buy some coin
I sell some coin.
I figure my return for 2021 will have 100+ pages of info.
my return for 2020 was about 40 pages
To be honest in 2012 I could have purchased 1000 usd worth of coins at 6 a coin.
giving me 167 coins.
I could have sold 10 at 1000 bucks
and 10 at 5000 bucks
and 10 at 10000 bucks
and 10 at 25000 bucks
and 10 at 50000 bucks.
I would have 117 coins in hand and over 850000 in sales
who knew?
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Why does no one tell a millionaire that it is too late to invest in mining?
Some of my acquaintances have already started selling video cards, while they are still very expensive, because they do not want to take risks.
The hashrate of the Ethereum network is growing very quickly.
In six months, he will buy equipment 100% cheaper.
Because it is not too late to invest 1 million into mining. But I know that California power prices are stupid high. Over 30 cents in most areas of the states . If he could get 6 cent power I would give him a plan to work with gpus and asics. I would set him up with a mix of nvidia a2000 cards and 8 slot mother boards. Along with s17 pros from a refurbisher. If his taxes are to be served better by spending the money this year he can. But he needs to realize the industry cycles and we may go down over the next year. This means if he has to spend 1 million this year as a tax move he needs to be able to spend 1 million again if gear falls off a cliff next year. Ie buy low and DCA In the summer of 2020 a L3+ with a psu was under 75 dollars on ebay Right now a L3+ with a psu is over 1275 dollars https://www.ebay.com/itm/203701179462?Now buying high now is okay if 1) there is a tax advantage 2) if you have cheap power 6 cents or less 3) if you can buy a second time if price of gear drops next year. good luck to op. |
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Yeah which is why being careful with coins is important.
Many years ago when eth re wrote their block chain for the stolen coins my wallet was frozen with 2 coins worth 6 + 6 = 12. They are now worth 4200+ 4200 = 8400
I have spent a hundred hours or more trying to recover coins that I own the wallet and they simply will not upgrade or post to a synched wallet.
I could argue eth is a scam based on this loss.
I won't say that Binance is scamming based on your evidence, but I will say they fucked up and are making no real effort to fix issue.
Not the same as scamming if they were a true scam they would do far more accounts and many more issues.
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Or he has realized the GM and Ford are gunning for his company. So sell the stock now. |
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People that bought s19s when they were first released have already ROIed and are now making lots of BTC.
I remember those S19s pro were first selling for $2633 when BTC price was about $7150 back on 15th April 2020 (got all these info saved), with U.S taxes and shipping the total cost was $3500 which means those guys paid 0.48BTC for a single S19 pro which they received on June (after the halving), the difficulty went from 14T to 25T back to 13T and had all kind of ups and downs. So if we say the average diff has been somewhere in between at 19.5T, then for the duration of 534 days since they received the miner they would have made 0.367 BTC before the power bill (using Viabtc online calculator), even if we were to use 15T as the average diff that would still be a total profit of 0.475 BTC without counting the power bill. Even for someone who didn't have to pay the U.S tax and doesn't have free power, it's unlikely that they have ROIed long ago, maybe they just hit that point or about to, of course, you could add about 0.15 BTC for the current gear value. Keep in mind that this bad looking ROI would have been a lot worse if China didn't ban mining and we didn't have this chip shortage going on, if not for all of that, all those who rushed to buy the S19 pro when it landed wouldn't be even close to halfway to ROI, of course, this doesn't to always have to be the case, but it's gives a good indication that ROI is usually far more extended than what it looks like. I totally agree with the stuff you mentioned about chip shortage, but we know that have been a major factor in helping those who bought the expensive S19s and that help alone wasn't good enough, not even with China banning mining, so unless the shortage gets more serious which I doubt, chances are nothing is going to change in terms of the ROI terms, but hey, I am more often wrong than right, so.  The single one we purchased was purchased with cash not btc. We turned 3500 or 3600 cash into a lot more than 3600 cash. The gear still runs and could sell for a lot more than 3600 cash. When you bring in btc and figure was it better than buying buying btc the answer is on the day we purchased. Maybe July of 2020 It was better to do cash for the machine rather than buying coins As coins were more costly when we purchased it. Maybe 8 or 9 k not 7 k I don't compare mining coin to buying coin as US TAX laws treat one as a business and one as investment. I am subject to US Tax Laws and must pay in cash. The single s19 made serious cash according to the tax law. |
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Buy dip I got some today.
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Airflow to the environment is your only answer.
I rented a warehouse space with 100KW 3-phase electrical service. In Texas. Airflow in and out is all you need. Filter the air and keep dust out of your units. Still need to clean them occasionally.
Bitcoin mining is the process of turning electricity into money. AC cooling will triple or quadruple your power bill, likely sending your costs beyond your profits.
Standalone portable AC units need to exhaust their heat somewhere, if you are exhausting this outdoors, then you can exhaust the miners outdoors.
Experiences
- Miners slow down a bit when ambient air is 100F
- Miners don't do well when ambient air drops below 32F because of heat stresses across the board from one end to the other. Too much temperature gradient.
Op said one unit or 3.3 kwatts. He does not mention power cost. If he puts in a 10,000 btu portable ac along with the ac that flows into the room. The room should be cool assuming he dumps the heat via the attached vent to the portable ac. is it efficient no. but power cost may not be an issue. will the extra ac cool the room if he vent the ac exhaust into the room no. Ac moves cold in and dumps heat out. the vent on the portable ac is clear in the photos. his idea will do 1 s19 if that vent dumps the air out of the building. his idea will not do a s19 if the ac vent does not dump the air out of the building. |
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Hi All, Long time consumer, first time poster here. I figure I should probably post and respond to other threads more anyhow to get rid of the Newbie status. Anyhow. I have a couple dozen S19 pros that I've been running for 11 months now. Haven't had a problem with a single one. These things are tanks compared to the S17s I had before which broke if you even looked at them or sneezed withing 50ft radius of them. This is the first time I've had an issue with one of the S19s. It appears all the ASICs are good, but I can't get the machine to hash anymore and from what I can tell from the logs (see below) there aren't any errors it's throwing me, at least not the normal culprits I'd get with the S17s. Hoping to get some diagnosis help with these logs. I still have a month before my warranty expires so I'd like to get it in quickly if I have to, but would prefer to fix myself if I can. Logs from the machine after it's been running (sitting idle for 10 mins):
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2021-11-11 17:58:35 set_voltage_by_steps to 1500.
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2021-11-11 17:59:10 chain avg vol drop to 5.59
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5.59 volts does not cut it. very very very likely you must buy a new psu. Easy way to test is pull a known working psu form the other s19's you have swap it into the dead unit. If the unit works you need a psu. safer way to test is only attach one board of the dead unit when you swap in the psu to the dead unit. if 1 board works do the second board if 2 boards work do the third board. good luck. |
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