Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[philipma1957]

How many acres you have?
Are you in a state that will promo solar?

Ie 200 acres for crops could have 10 acres set for solar if you are in the right state.

10 acres for solar could be 2 megawatts which translate to about 333 kwatts 24/7/365 if you can grid tie.

depends on the state you are in.

1200 acres of row crops, and 100 acres of woods.

Yeah you certainly have the room. The question is what programs does your state have.


We have

 a 45kwatt array  on a commercial building
 a 115kwatt array on a 3 acre property part ground mount part on a barn part on a home.
 a 350kwatt array in progress on a warehouse complex that house our main mining farm.

on grid tie setups take the full power number divide by 5 to 6 to get the 24/7/365 number

so

45+115+350= 510/5 = 102 to 510/6 = 85

so they will range 85-102 kwatt 24/7/365 average depending on a rainy year vs a dry year.


so 85 x 24 x 365 = 744600 to  102 x 24 x 365 = 893520

744600 kwatts is 29,784 usd a year at 4 cents 595568 usd at 8 cents.  and at current btc mining of 18 cents  134028 usd

893520 is 35740 4 cents 71481 cent and at current btc mining of 18 cents  160833

I use 4 cents as the power company will pay 4 cents for your power
I use 8 cents as you are allowed to sell to you neighbor at 8 cents

the 18 cents is tricky a kwatt will run an s9 at 11th  11th earns 3.52 /24 = 14.67 cents  so all s9's will do only 14.67 cents not 18 cents.  but an s17 will do 50 th at 2 kwatts or 16 / 48 = 33.33 cents earnings per kwatt

so if you have some s9 and some s17 and average 14.67 with 33.33 you get  18  cents or more or less. In our case we are more likely earning 25 cents for each kwatt we burn.

which means next year when we build all the solar we will earn about 223380 for the solar power we generate. this excludes all government subsidies.

The small arrays are paid off. The big one will finish in the spring of 2022 and with luck pay off in 4-8 years.

Unless we get a monster runup.

Good insight into solar power and real life figures applied to your mining operation and profitability at current prices.

What is the likely capital outlay of your 350Kw installation?


 

700k to 1mill . 

Large flux in price is due to export/import taxes on the panels.

Also I am not including subsidies and tax credits.

We got very lucky with the 115kwatt build we did it in 2016 and the 2017 run up paid it off in under 2 years.

So this Runup finally convince out warehouse guy to do the large install at his set of warehouses in clifton.

2022 should be good for us

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[Schnecke]

India announced to ban bitcoin. Are they important enough to cause more FUD?

https://www.reuters.com/world/india/new-indian-law-will-allow-only-few-cryptocurrencies-government-says-2021-11-23/

[ChartBuddy]

Explanation

[bitcoinPsycho]

India announced to ban bitcoin. Are they important enough to cause more FUD?

https://www.reuters.com/world/india/new-indian-law-will-allow-only-few-cryptocurrencies-government-says-2021-11-23/

Ha ha and I will ban farting

[JayJuanGee]

Many of us Expect the next ATH Could be $85K. For that, Bitcoin should break $69,000 again.

$85k is a strange number that "many of us" would be "expecting."

Is that the number we expect to happen "next" to be just an intermediate step in which a correction would come around that time?  Would it end up being for the top of this cycle?  or for the top of this calendar year?

I am asking for a friend just in case "we" might want to join the "many of us" "expectations" in regards to what might be happening "next" in bitcoinlandia.

What is soon in your sentence?

By the end of next year cryptocurrency will be as irrelevant as the metaverse.

I suspect we will go up again straight after Thanksgiving in the US. Many bonuses being paid in the last 5-6 weeks of the year. That money is going to go somewhere. Not 0% savings accounts I suspect.

0% savings accounts will prove a better store of value over the long term than cryptocurrency.

Ok let's check January 1st 2023 where we are at.  

Interesting proposition BBunny.  

I wonder if proudhon could end up being correct if we consider that kind of time-frame?  Think about the potentiality that proudhon could end up being correct if we were to get a price to price comparison, such as $57.5k.  What outrageously exponential BTC price level would return us to $57.5k if there were something like an 85% correction.  I calculate right around $383.3k.. .would it be possible to have such outrageousness happen in the next year?

[DeathAngel]

Dumping seemingly subsided for now. I’m interested to see what happens early next week which will be after Thanksgiving, Black Friday & Monthly Futures Expiry. If we can hold close to current pricing then perhaps an explosive move next week & the beginning of the final parabolic stage of this cycle.

[Farmer Bill]

India announced to ban bitcoin. Are they important enough to cause more FUD?

https://www.reuters.com/world/india/new-indian-law-will-allow-only-few-cryptocurrencies-government-says-2021-11-23/

saw this earlier on RT.

Modi it seems would like to ban all private digital currencies in India ahead of their own CBDC launch at some point in the future.
This is just a proposal to be added to the agenda for debate in the coming session.

[JayJuanGee]

But what do I know not much.

That's true.


 

Part of me is fucking concerned if I’m honest.

My gut is telling me S2F falls apart soon. In shambles and an afterthought by March 2022.
Hope I'm wrong, but I think we should expect a slower rise than some are anticipating.

Bleh, just found this post. I think we might be in for a bit of a rougher ride, after all, gentlemen.

I do not like putting my ass on the line like this... Because no one knows the future.  And this cycle topping out at 68k is "not bad at all"tm and I have been someone who feels fairly sure that the s2f model breaks one way or the other.

And perhaps most poignantly I have BTC bags and WANT the corn to rise... so there's that.

Wait there's one more... you have also shown a skill for knowing when to sell a little...

But.  

-This is not 2013 or 2017  
-We have a couple working layer twos.  
-We have a COUNTRY building a tax free "Bitcoin City"
-ES deserves two lines because they are also thumbing their nose at the IMF which is awesome.
-The Macro environment is deeply into uncharted territory.
-Retail has only bought tulips so far this year.
-Big players are going to buy all the bitcoin they can on these dips.

I do not think we are done yet.  There.  Ass on the line.

It seems that I cannot disagree with anything that you are asserting cAPSLOCK except that you hardly seem to be putting your ass on the line, and your assertion that Bob has some kind of skill for knowing when sell a little... hahahahahaha  Give me a fucking break.      that's like the highest level of humor, especially because you seem to have actually meant what you were saying.

Part of me is fucking concerned if I’m honest.

My gut is telling me S2F falls apart soon. In shambles and an afterthought by March 2022.
Hope I'm wrong, but I think we should expect a slower rise than some are anticipating.

Bleh, just found this post. I think we might be in for a bit of a rougher ride, after all, gentlemen.

Surely, it helps if you cite your earlier self as the authority who informed your later forgetful self regarding what you had forgotten that you had said earlier. 

So for sure your earlier lil selfie must have been correct, especially since you may well be getting scaredie kitty cat fewings.. but what else happens to be new?.. hahahahahahaaha

Godamn it, Jay.... surely you're setting yer lil selfie up for some rusty pipening crammenings where the sun don't shine... perhaps?, perhaps?

hahahahahahaha

Bawb is about the biggest pussy cat that I never did meat.. emphasis on pussy.

 

[BillyCoiner]

[cAPSLOCK]

Best Tweet of the year!

Ethereum's problems will ALL be over once they go ahead and centralize all the way.

[Farmer Bill]

Is that what happened to you Billy crashed and burned.

Now a perma bear afraid to get back into Bitcoin or maybe now just reduced to trolling.

You have no chance of imitating Proudhon, who is I have to say a class act.

[ChartBuddy]

Explanation

[JayJuanGee]

Short overview from Ben Cowen where we are from TA perspective and what needs to happen for the bull to continue

https://www.youtube.com/watch?v=f-UCyMjdQQ4

Thanks for that IntroVert. 

I don't necessarily agree with everything that Cowen says, but I still did not mind his discussion of the 8-week and the 20-week moving averages and how those MAs might be considered in terms of what is going on while in a bull market or even how a bull market might be considered to be sustainable in terms of technical analysis considerations.,. including his perspective of the role of the 50-day moving average as well...

Ok, it's time for the pep talk.

It's called "The Terror"

It seems that I recall seeing something like that in the past. 

Who are you quoting?

[ChartBuddy]

Explanation

[Biodom]

BTW, regarding inflation..around here all building stones (marble, porcelain, etc.) suddenly shoot up upwards in price (30% or more)..contractors are saying that this is due to the supply chain problems. Inflation is definitely outpaces gold rn, bitcoin is still able to hold on.

A funny factoid: meat-eating/collecting bees

https://gizmodo.com/flesh-eating-bees-renounced-pollen-for-rotting-meat-1848112925

Never thought that it would be possible.

[goldkingcoiner]

BTW, regarding inflation..around here all building stones (marble, porcelain, etc.) suddenly shoot up upwards in price (30% or more)..contractors are saying that this is due to the supply chain problems. Inflation is definitely outpaces gold rn, bitcoin is still able to hold on.

A funny factoid: beef-eating/collecting bees

https://gizmodo.com/flesh-eating-bees-renounced-pollen-for-rotting-meat-1848112925

Never thought that it would be possible.

While ordinary bees have pockets on their back legs to store pollen as they flit from flower to flower, the vulture bees have repurposed the stores as “little chicken baskets"

I love it.

[realsteelboy]

Feels coiled tight to me. Hoping to wake up tomorrow with a big smile on my face.

[ChartBuddy]

Explanation

[Richy_T]

It seems that I recall seeing something like that in the past.  

Who are you quoting?

It's reminiscent of this:

“I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I will remain.”

[LFC_Bitcoin]

Feels coiled tight to me. Hoping to wake up tomorrow with a big smile on my face.

It’s been a while, fingers crossed for that dude. I should probably get some sleep too.