well sideways in a 20.5 to 23.5 slot works for miners a lot better than sideways in a 15.5 to 17.5 slot.
My mining earnings are up.. And if we do do a really runup to 100k plus I will be ecstatic. since monthly earnings of the farm will also be an alltime high.
I would imagine that a lot of miners are still being hit with recent ATH's in difficulty..and looks like this upcoming period is not going to be any relief in that direction - yet sure perhaps some miners are profitable at these prices - and the miners who are getting punished are those who had overleveraged and had taken on way too much debt (and some of the roots for that overleveraging was during the UPward profit periods of 2021 that might have even extended a bit into 2022 - until the bottom of the BTC price started to fall out in May 2022 and just gravitated to lower and lower levels - and not even close to reaching the supra-to-mid $30k price levels in which the fall out started).. so some of those guys are still struggling - perhaps shutting down or being gobbled up my the miners who did not make those various kinds of overleveraging mistakes or even not being prepared for BTC prices to go below certain levels.. in various degrees of unpreparedness.
You have been asserting that you personally have been more prepared in part due to your not employing much if any debt (at least not the highly leveraged kinds of debt), and surely you may be correct that if you had been able to get through the bad parts (of lower BTC prices, and higher hash rate suffered so far), and that you were even prepared for lower prices and perhaps some other adversarial conditions, then it could be the case that we are seeing the light of the tunnel.. and also we are seeing that sometimes that those who are left standing after very adversarial weeding outs may well be in a better situation to enjoy higher than average levels of profits - because they are in the right place at the right time and still surviving.
Not a greedy man
If you come my way your way
I'll give you my seed
#haiku
You have not been providing too many details in regards to your BTC stack management in recent years d_eddie. Are you trying to preserve OP_sec? I recall during the 2017 run, you had a system of trading that you were employing, but then you said that it was too much work for too little reward.. so therefore what does that mean for uie pooie? just sitting on your hands or periodic DCA'ing? no cashing out parts of the stash last year as some of our colleagues
(LFC, cough, cough) had done?
I tentatively speculating that you have just been going through a mostly HODL strategy and perhaps waiting for supra $100k prices, but really it seems that there would have been some justifications to accumulate more BTC in the past 7 months or so..? especially since mid-June 2022.. but mums been the word from you.. just vague assertions? Have you been taking lessons from Jojo? Or maybe just you are shy? or the cat's got your tongue? hahahaha
Don't get me wrong. There are a lot of longer term WO participants who seem to have not really been saying too much in regards to some of their recent strategies.. I mean in some sense if we are all just sitting around and not doing anything, then just waiting to become richie.. but perhaps there had been some amount of paralysis in terms of whether some members might have been hesitant to add to their stacks or maybe some of our longer term members had been gambling with some of the fallen exchanges and other fallen entitites? I cannot imagine that everyone is innocent from having had gambled on some of those products.. since there has been so much fall out, and how could it be that everyone else is suffering various damages and none of us have been affected because all of us are HODLing our own keys? Is that what's going on?
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