buddy doing heavy lifting. a nice back to back 52 then 52.5
I think I will not do any sales today.
maybe tuesday or thursday.
why sell at all? 1% $ loan against btc at 25% LTV at Celsius (you can borrow up to $2 mil). That 1% interest is most likely deductible as well, especially if you have a LLC. NOT a financial advice and, personally, i haven't taken such loan yet..but I also don't sell btc. Absoulutely! Never sell, even for massive profits. Just generate an income from your stash in one way or another. Edit: replied to the wrong post I sell often and will do so. Due to mining ⛏ expanding the mine is a slow steady job. We are suffering a huge excess of cheap power. it is good but you can fuck up if you rush to buy high priced gear. So we want to expand a lot but at well priced gear. But we dont want to buy on credit . So if 4 btc comes into the mine we keep 2 and sell 2. The mine grows the bills get paid the coins stack. If I sell. 0.01 five times this week. I still will have some to stack. My trading is still trading. but hard gear is part of the equation for me. But I did mine and hold from 29k to 41k . then sold a few pieces of coins and old gear for expenses. Took me years to understand juggling ratios cash bills coins gear. it is more work it is more complex. but I have reached a point that profit will happen so risk is lower. Yeah your situation is a little different because it's a business. But I'm sure you have a stash set aside from over the years you've been mining and that you don't have draw upon for business expenses (or your trading). Don't sell that stash. Infact, assuming you can stay mining for the rest of your days your income can come directly from that. So, surely you have no reason to sell any of your stash, baring an emergency, etc. This took a long time for me to do. Realistically I should be at 20 coins. Reality is I am not . I am in the 1-10 zone. If you count the gear. I am pretty good. If you count the coins I am meh. If you count the debt I am very good. If you count the cash I am meh. It is tough I have access to 1.15 mega watts I am using .3 megawatts . Now the power deal should last for years to come. Buying gear responsibly is very tricky. I really really really try to dca the gear. So I did not buy any 15000 usd s19 pros but we only got two s19 pros when they were 2500. Of course that was last Year July 2020 and mining was shit. A 2500 S19pro was meh. I did get a 850 s17 pro a really good buy. It earned back all the btc I paid and I can sell it for 4 k easy. But yea this has morphed into a job. and 2021 has been good to the four of us. in on this deal. 2018 was meh 2019 was meh 1 or two good months 2020 has three good months 2021 every month was good. 8 for 8 never happened in any year I mined. |
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This crush made lots of people cry. Well, I Didn't say about those spot trader or holder because their money is safe reason bitcoin price is back again $47k+ zone. But i am talking abour those future trader who are going for long. Everyone's money becomes liquidate. They lost their money and who didn't use stop lose. I was doing my dinner that time my friend called me and say dude i am finished. I say what? What happen did your girlfriend cheat with you? He say don't joke brother. I asked what happen he say my invested $2k liquidate. I say what, how, and when you gose for long. He say from $50k. He thought price might increase more. And started with 25x. And didn't use stop lose. Then i say him i altime told don't go for future trade but you enter and also didn't use stop lose. Now what can i do now you have one option learn from this mistake and start a new beginning.
Remember guys crush in crypto market is a sudden thing so keep prepare yourself for it. And for trader always use stop loss.
All leveraged long players deserve to lose badly. Same for all leveraged short players. Exchanges have the ability to crash or jump coins especially if leverages are lopsided high or low. think of a spot that highs are 5x that of lows. the exchange itself can sell a ton of coins low price on purpose to a whale silent partner. price crashes and all the leveraged highs are lost. So if I am hold 10000 btc at 53 and spot sell at 43 I lose 10000 x 10000 = 100,000,000 but if that wipes out all the leveraged highs I could collect 1,000,000,000 So all leveraged people need to lose all the time as they are moron degenerative players. Sounds harsh but they need to be able to know the books of every exchange since any major exchange can have lopsided highs and or lows. Thus even if your exchange is half high and lows you may gent hurt by another exchange looking to wipe out heavy high leverage. |
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Well, damn, I was hoping for under 2% for a while now, at least is under 5%...  I don't see the price changing anything, not long-term, people were mining at around 20T back in May and June and the price crashed several times under 30k, so I doubt anyone that would have waited months for gear, barely managed to plug it online in a new facility would cancel the plans for a drop that might be erased by tomorrow. Don't know if they use the fees in this chart but even without it still shows a good picture of the situation:  from how things look we have only one way, up! Oh, and about the chips and new miners. S19j Pro for $11k, 3 days shipping, directly from bitmain, still not sold out! 110 x 30cents is 33 a day very over priced even with free power. should be 6600 to 7700. never mind the import fees. 2011 made and 4.4% price is down to 46.6k |
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COVID-19 Infection Chronicles - Day 4 (Morning)
No respiratory issues to report. Predominant symptoms right now are body aches, chills, bad headache, gut/stomach discomfort, very mild nausea, but the worst of the symptoms right now is the exhaustion and lethargy.
I understand this is "normal" during the latter stages of infection - feeling absolutely wiped out from battling it.
Had to shuffle around some appointments and meetings I have during the two week quarantine period.
Still under the influence of 24 hour Nyquil, so the headache is mostly manageable, but we'll see how the day progresses.
Take care of yourself, friends, and don't forget to ape into corn today in support of El Salvador.
Bought way more than $30.
I purchased $200 on the first. I will purchase $200 on the 15th. |
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51.7 we now have 75 days over 50 and 25 under 50
with close to 120 days left to the year. we could end up with every day in the top 100 a 50+
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buddy doing heavy lifting. a nice back to back 52 then 52.5
I think I will not do any sales today.
maybe tuesday or thursday.
why sell at all? 1% $ loan against btc at 25% LTV at Celsius (you can borrow up to $2 mil). That 1% interest is most likely deductible as well, especially if you have a LLC. NOT a financial advice and, personally, i haven't taken such loan yet..but I also don't sell btc. Absoulutely! Never sell, even for massive profits. Just generate an income from your stash in one way or another. Edit: replied to the wrong post I sell often and will do so. Due to mining ⛏ expanding the mine is a slow steady job. We are suffering a huge excess of cheap power. it is good but you can fuck up if you rush to buy high priced gear. So we want to expand a lot but at well priced gear. But we dont want to buy on credit . So if 4 btc comes into the mine we keep 2 and sell 2. The mine grows the bills get paid the coins stack. If I sell. 0.01 five times this week. I still will have some to stack. My trading is still trading. but hard gear is part of the equation for me. But I did mine and hold from 29k to 41k . then sold a few pieces of coins and old gear for expenses. Took me years to understand juggling ratios cash bills coins gear. it is more work it is more complex. but I have reached a point that profit will happen so risk is lower. |
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Still lifting it buddy.
I am liking these numbers.
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buddy doing heavy lifting. a nice back to back 52 then 52.5
I think I will not do any sales today.
maybe tuesday or thursday.
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Bitcoin has already reached $1 trillion marketcap during its ATH, It's possible that it could rise further but I'm just not seeing it to be bigger compared to gold which is currently at over $11 trillion, with the current nature of the market, it will not gain a massive adoption especially from investors who are not up to taking high-risk investment. I could be wrong as I never thought from the beginning that it would reach this high in just a very short period of time, but that's my stance now, gold is just superior IMO.
Once again gold could become as easy to get as aluminum. In the 1800's aluminum was hard to get and was costly. Tech got better and it became cheap. Those huge astroids are know to have 1000x the gold mined here. Moving them to the moon and landing them on the moon may become feasible. Due to lack of moon atmoshere and 1/6 the graivty of earth moving an asteroid safely to the moon is possible. Having a solar powered magnetic shuttle to earth from the moon may or may not be possible but if it is. Gold will become common as copper. Still be very useful just not that valuble. So betting on gold 11 to 1 over BTC may be dumb as can be. Think if you had bet on aluminum over gold in 1850 you would be crushed now. Same can happen to gold vs BTC. real estate vs btc is different as real estate does seem to be more limited than gold. Terra forma the moon or mars seems harder than getting 1 asteriod safely down to earth. |
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oh buddy where is that 52k? |
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Hoping for buddy to lift us over 52k in 2 minutes or so
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Well some bespoke psu's die off. = gear loss
and a shit ton actually tons and tons and tons of gear was shut down and moved.
So say it is still 30-40eh of gear that can work.
Along with eth gear that can work
along with sha 256 gear that can work
Sha simply will be last to go back on line as it make less money per watt.
Any big farm is going to have a mix of eth/ltc/btc gear and they will deploy the most profitable back first.
I believe eth has recovered all of its lost hash rate.
I think ltc/doge is close to recovered
btc is lagging in the recovery since it make the least money per watt.
still for mining 2021 has been a very good year.
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Oh noes! We crashed down to 51.5k. Better call Proudhon....
doesnt someone here have him on speed dial or something? I did  but he changed his number and told the mods to delete my homage to him. the block of threads 50k to 100k was removed by the mods. since we hit 50k. the new block of threads would be shorter. I wonder if the mods would let me do a shorter locked block say: 55k 60k 65k 70k |
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... I would suspect it will be above 5% with some more miners coming online, but who know ... we'll see what happens  Well looks like the price drop probably caused the hash rate to drop for almost a week there also - almost half of the diff change. However, with only 2 days to go and the price back up again, it's back up to 3.4% at the moment. This of course would mean there's still more hash rate gains from this diff change to go into the next diff change, as long as the price stays up, since almost half of this diff change was around the lower level. If the diff does go much higher in the next 2 days, then that follow on will also be higher. Basically what this is suggesting is that there's a reasonable amount of borderline profit gear (that someone said doesn't exist) that of course depends on the price to be online. And five hours later we are over 4.2% so that is a lot more hash added. Or some good luck 😉 |
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Maybe we can run a few more 50-55 numbers this week.
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the entire ltc network is 306th that is 306,000 gh
so the 2,000 gh farm he mentions is but 1/153 rd of the network.
so pretend that 153 x 18000 = 2754000 kwatts a day
or 2754 megawatts a day
just for ltc/doge and that would be if it was all L7 super efficient. 0.357 watts an mh
l3 is 5x at 1.7 watts a mh
so the full range of power for ltc and doge is at best 2754 megawatts a day at worst 12000 megawatts a day
eth and btc are also big burners of power.
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Okay there are 4 or five miners worth mining ltc/doge with
bitmain
l3+ = 480-550mh 800-900 watts
l7 = 9500mh 3200-3400 watts
innosilicon A6+ 2200mh. 2100-2150 watts
goldshell
L5 pro 2455mh. 3000-3100 watts
L5 2050mh 2080-2150 watts
if you take a good look
bitmain l7 is 19x the hash and 4x the power of the L3
So if you have 2000gh you have 210 l7 as 210 x 9500 = 1995 gh and burns 714kwatts.
you are also making very serious cash.
as 1995 x 0.022499 = 44 ltc a day. 10000 usd
and 44 x 2000 = 88000 doge a day 26400 usd
714 kwatts per hour = 17136 kwatts a day. make it 18000 kwatts a day that is a 18 megawatt complex. or big real big.
so 36000 usd a day earned and at 5 cent power only 900 in power
net of 35000 usd a day.
if you got your l7 gear at 10000 each you are paying 3.5 off a day.
so make it 11700 each you pay off 3 l7's in a day so your 210/3 = 70 day payoff.
Must be nice for that farm. Which if it is in one place is huge.
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Wow, that was quick! BTC price has been right about $50K for a couple of days, but couldn't quite hang on. Now it has just blown through and hit $51,700. We'll see if that will hold. That will likely help to cement a +2% difficulty increase this week if it does.
we are now close to 2.9% https://www.bitrawr.com/difficulty-estimatorLatest Block: 699213 (11 minutes ago) Current Pace: 102.8459% (1678 / 1631.57 expected, 46.43 ahead)Previous Difficulty: 15556093717702.55 Current Difficulty: 17615033039278.88 Next Difficulty: between 18106035973025 and 18120644595066 Next Difficulty Change: between +2.7874% and +2.8703% Previous Retarget: August 25, 2021 at 10:37 AM (+13.2356%) Next Retarget (earliest): Wednesday at 1:19 AM (in 2d 6h 46m 28s) Next Retarget (latest): Wednesday at 1:35 AM (in 2d 7h 2m 9s) Projected Epoch Length: between 13d 14h 42m 9s and 13d 14h 57m 49s may simply mean lack of chips but some older gear is back on line. Since we were as high as a diff of 25.03 or hash of 172-191 eh and we are now at 126-140 eh 17.61 diff we certainly can get old gear coming back. Watch the growth and the price like a hawk |
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51.5K nice
buddy is posting soon
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Certainly feels like the Bulls are winning the fight for $50K. Exchanges continue to bleed BTC at levels we haven't seen in 3 years. El Salvador going live in what is now a matter of hours. ETFs still waiting for approval. End of year buying right around the corner... This is either the world's largest bull trap in history, or we're about to x3 faster than most are expecting. Just make sure you wait until the run is over before you sell. I can tell you from experience that you're better off selling too late than too early. you think 150k by jan 1? |
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