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Corrupt commie government? No way!
To bad they don't teach history in schools anymore.
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like your plan. Now the question is, how do you do it? Solar panels should be installed, depending on what you will be running your house on. If you are clear, we can tell you the full calculation; you will need tax kilowatts.
Question. How do you like something that will never ever make 1 dollar? |
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I have never known a PHD that wasn't a self absorbed piece of shit.
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I like silver and had a nice position in it.
My views changed over time from physical hold of it to a blended physical and paper.
I buy physical when somebody is in trouble and needs quick money, I may pay below spot or spot not a penny more. Overspot buying and underspot selling only makes the dealers money, way to much overhead for me.
I like metal on paper, I can trade it without the overhead. So a blended physical and paper.
That being said I think it's a great time to sell.
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ETF and 401 k.
My company 401k selections are very small. Just some funds. I can't select individual stocks or ETF's. I hate this but the tax benefits and company matching is "free money"
Is anyone able to get bitcoin exposure in their company matching 401k? Or maybe indirectly via something like Micro Strategy?
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The big boys have already spoken on what will matter. https://en.wikipedia.org/wiki/EDX_MarketsBTC, Bitcoin cash, etherium and ltc..... That's pretty much gonna be it on the big playground. Cash isn't looking to bad...... But remember none of them represent diversity. none. I am amazed at the BILLIONS in market cap in everything else. Not sure how much is phony or not, will never play in them. Ever. Maybe a FOMO pump to take peoples money. |
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I can trade in and out of an ETF with basically no cost and fast within my larger portfolio.
I'm not a fan of exchanges for the same reasons everyone else is, but Coinbase seems to be used/trusted by some major players. But I am sure those custody eaccounts have allot more legalize surrounding them.
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Pretty much the same difference as an apple and an orange.
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Never ever ever invite government into your business, they never do anything good.
Based on your comments here, it would appear that you are fine with the Chinese government and the Iranian government being involved in business in the US, just not the American government preventing them from doing so. Interesting.... The Trump administration would have done the same thing, so you should actually be okay with what Biden is doing here. No. You don't want the government in ANY business. It's always comes it disguised as something helpful and eventually mutates into it's intended malicious intent. Biden does give a rats ass about security, that's a fact. We have a coordinated narrative that Warren is on with "security" and Iran. It's about the money, they can't manipulate BTC. |
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Using this much power is not acceptable for a foreign company, doesn't matter if they are willing to even pay taxes for it, it is just not acceptable. Because, they are basically saying that they are willing to pay to get all the energy out of that place, and make mining income, which means it will be profitable, and take all that money back to mainland China. I think Biden would make a good decision by just limiting the way mining can be done, it has to be renewable energy otherwise it doesn't look all that great to me.
As long as we do not force people to do renewable energy for bitcoin mining (or any mining) then we are going to have energy issues, we should definitely force all mining companies to generate their own energy.
Never ever ever invite government into your business, they never do anything good. So what, if they legally have a company here and they consume the power an pay for it who cares. If they make a profit, cool, that's how business work. They employ americans and american made power. Let me educate you on your thinking. https://www.youtube.com/watch?v=JM1L3Lobdsk |
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Actions not words or spin.
Biden doesn't give two fucks about national security especially because of his Chinese handlers / money. Fact.
Remember the Chinese balloon that flew all over everything and he didn't do anything? Remember? So he doesn't care, fact.
Biden is destroying the American economy, fact. He hates bitcoin because the government can't control it. Specifically can't create inflation that robs Americans of retirements and investments and exports our debt to other country's.
Biden attacking btc through "climate change" bullshit. Fact. Now Elizabeth Warren is attacking it because Iran is mining it. Now we have a coordinated narrative of Biden now using "national" security.. Bullshit.
Where is he on China buying up farmland and American property in records number? Nowhere, that's what his Chinese handlers want.
Ray Charles can see this.
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Hello all,
Just testing the waters - for a new-build Data Centre in Australia, how would I go about (where would I find) miners to engage as potential customers?
My current Project Proposal Business Plan specifies a 1MW.it Data Centre comprising of 200 x 5kW racks. The previous iteration of the Business Plan specified a 3MW.it Data Centre.
Happy to discuss my budgeted one-off setup cost & monthly charge (per 5kW rack, inclusive of Electricity & Cooling).
Thanks in advance,
Dan
First is how much does energy cost? 1 to 3 mw is nothing but a drop in the bucket, no negotiating power there. How much would it cost to cool said dacenter? Is it not in the desert? Better be cheap ass power. 5K per rack? think 30kw. Think 100 plus MW installation to get on the big boys radar.... Cheap power. Cheap power, cheap power, cheap power.... Lot's of really cheap power... I thought the Australian grid is a wanker? How about Kiwi hydro? How close to 4 cents US can you get to a Kwh? |
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Glad your learning.
At 19 you don't know dick about anything financial. Period. Get that out of your head. You simply haven't been around long enough and your not at Harvard.
Education means little, experience means more.
Your time would be better spent starting a business to generate income. Pay someone to invest half your proffits and do the other half yourself. After 10 years you will learn a thing or two.
Good luck.
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Do you think these are the reasons?
The simplest explanation to this it's because of the market sentiments. More people are actually selling than accumulating. Those you have mentioned maybe some of the reasons, but who knows what significant reasons how bitcoin being priced today, but is it something we really worried of or this could be another opportunity that we are going to miss again? People are very optimistic for the 6 digit figure, so none of this will matter in the next 5-10 months. If people are optimistic about the 6-digit figure that bitcoin will reach, why do many people sell without accumulating? In my opinion, this is just market movement, I mean after bitcoin has grown for many consecutive months, a decrease or correction is inevitable. There are always bulls and bears in the market, the bulls have been dominant for a while and now it is time for the bears to prevail. As a financial market, increases and decreases will always alternate with each other, we cannot expect bitcoin to only increase and not decrease. Bitcoin decline is an opportunity to buy, not the time to panic, but it is difficult to understand why many people are always afraid and always ask thousands of questions every time Bitcoin price drops. Because being "optimistic" is an emotional response. Those who use words like hope, feel, optimistic or excited are the ones who lose money. Same flaw as gambling. I sell to secure and realize real profits and continue to invest and sell systematically to a business plan, it works. I haven't found an institution yet that takes my emotions as payment. What I don't understand is why people HODL (that's fine) and come on here to convince everyone else that's they way. Are they convincing others or themselves? If your going to HODL then do that and don't waste time here, invest your time in something else or go to the gym or something. Treat it like a job. |
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If you watch BTC under a microscope your gonna drive yourself batshit crazy
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ETF's are great thing for BTC!
This is where the clown car pulls up and yells about self custody.
Holding bitcoin directly sucks ass for many. Who wants to manage the keys? Nobody. What keeps your business partner or Karen in accounting skipping town? ETF's fit nicely within existing trading platforms and is cheaper and faster to trade within. Especially when tax harvesting and rebalancing.
ETF is superior in my IRA over holding directly. When I retire and take my draw I don't pay taxes on it and that is HUGE! I can't yet gain exposure in my 401K, but when I do my employer matches my contribution, think free money.
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I did an analysis for a small 250kw unit, price of generator at $70,000 CAD ($50,000 USD) with an average price of gas at roughly $2750 CAD/Month ($2000 USD) with that generators gas consumption, 85% up time, and thats at 65% of the 5-year average nataural gas price.
That's backyard scale, 250kw install won't make shit or worth your time. You can only really run them at 80% load so that 200kw usable. Want it to be a hobby go for it. It's not a business model, sorry Who is going to do the dailies on the gen, oil and filter changes? Who is going to change out the sleeves, pistons and bearings? It takes a lot of money to keep those running. |
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Both.
One must write a business plan first then stick to it. Remove emotion from the equation.
Just like gambling people get wrapped up in emotions and make the exact same crappy decisions.
Just like Chris Rock says "there is no sex in the champagne room"
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Thats interesting, the analysis that I have done for it is still profitable. Even taking maintenance on the generator into consideration.
Can you go deeper into why you do not think its profitable anymore?
At what scale in megawatts did you achieve a profitability? ROI time frame? What is your real world calculated cost per kwh? This would be a considerable size installation to even make payroll. The price of a new 40Mw gas turbine is about 31 million, a used one about 6 mil probably another 6 to replace parts. Install cost, switch gear and transformers. Going to need gas compressors / turbines seperators and filters. Even if you get the gas for free the land won't be. Don't forget all the EPA fun. Figure a mil or so for a cat genney to cold start the plant. That cheap Texas, Oklahoma and Arkansas power starts looking mighty tasty about now. I would put my money in some Fidelity mining funds and enjoy the dancing girls in Vegas for my thrill of losing money without the hassle. I see zero ROI and a pain in the ass. |
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Mate, why do these people hate Bitcoin so much but still want to control it which is not possible, second thing is why do they always intervene in affairs of other nations ? Whether Iran bans Bitcoin mining or supports it is completely upto them based on what's good for them hence we shouldn't be bothered about it. Bankers and US government lobby are the most evil set of people to have ever walked on earth.
"They" don't hate Bitcoin. They hate countries who use Bitcoin to skirt international sanctions. This is called being naive and believing the narrative your being fed over the picture box. |
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