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As to being ready for uppity. We kid. But I would sell every digital coin I have if the 3 I hold all did all-time highs this may.
you know the 3 I hold.
BTC and bla/bla
I would say that dumping does not make me coinless or a no coiner as I would be still mining
BTC and Bla/Bla and I could hold them. Using the sales in fiat of current holds I would not have to sell any freshly mined coins for years to come.
But I am more of an outlier for this board due to mining the coins.
I am bringing the 2 s19 pros to the mine today.
amazingly prices is almost high enough for them to earn money in my house at 14 cent power - 3 for heat benefit
200th is $16 bucks a day earned
power is 150 x .11 = $16.50 a day
it is a big rally for mining.
For sure, there are quite a few more formulas when we are talking about how much exposure a BTC miner might need to bitcoin when they are also exposed to BTC through their mining.
Of course, some of the traditional knowledge is that it tends to be much cleaner and easier to calculate roads to profits when merely just getting exposure to bitcoin through accumulation and holding and the various kinds of accumulating, maintaining and liquidating strategies that we tend to discuss here in this thread on a fairly regular basis, and so in some sense mining just adds an additional level of risk, even though it is providing a kind of service that in which bitcoin would not be able to even exist in the event that mining did not exist.. but still does not necessarily make mining a prudent investment.. for someone who does not necessarily want a job or otherwise interested in fiat cashflow that comes from a business like that.
I would not have had been opposed to it in my younger years or even if I felt that I were to need a job... but I spent a lot of years already working, so why create more jobs for my lil selfie? so on a personal level I could not imagine someone who is even older (more elderly) than me wanting to stay busy like that.. but to each his/her own. and for sure there are tinkerers out there and there are likely ways to create some of your own efficiencies and perhaps cause your mining to be relatively more competitive than others and for sure we had seen some periods (such as 2021) in which the mining was likely out performing bitcoin considerably especially given the stuff that ended up happening in china that then had the fallout windfall benefits for miners who had already been set up, but surely some of the miners who were either late to the game or they ended up overly leveraging themselves likely ended up suffering quite a bit.. especially in 2022.. and not all miners suffered, especially if they had not overly leveraged.. and perhaps engaged in some other decent risk management strategies (including perhaps selling some coins on the way up rather than on the way down, and surely I do not have a lot of confidence in your own claims, Philip, in which you were both saying that you were selling lots of coins below $20k and you were also kind of whimpy in your re-accumulation of coins.. but perhaps some of that seemingly less than ideal strategies might have had ways to still be profitable.. but surely, I question some of that, including sometimes the gamblers will talk about their wins and not their losses and then end up really skewing the data.. .. not that you have any kind of meaningful obligation to exactly report to us, anyhow... but not going to get some of the guys (like me) to become a bit irritated by bragging about selling below $20k and then seemingly having whimpy reaccumulation plans and even somewhat unrealistic expectations to buy back lower.. just ridiculous in some sense... in terms of prudent management of any BTC stash whether a business related stash or a personal stash.
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