JayJuanGee
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Merit: 10157
Self-Custody is a right. Say no to"Non-custodial"
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March 19, 2023, 04:31:30 AM |
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[edited out]
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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BobLawblaw
Legendary
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Activity: 1822
Merit: 5551
Neighborhood Shenanigans Dispenser
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March 19, 2023, 04:53:44 AM Last edit: March 19, 2023, 08:33:17 AM by BobLawblaw |
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Everything changes with time Can't do it. This is too gay for 3 merits even. EDIT: Petitioning Theymos for fractional merits. eg: I would like to grant 3.3 merits to denote double-gay
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Biodom
Legendary
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Activity: 3738
Merit: 3844
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March 19, 2023, 04:58:05 AM Last edit: March 19, 2023, 05:17:06 AM by Biodom |
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[edited out]
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. You just don't realize how profitable bitcoin mining is IF you managed to buy machines when prices are at the low side and/or if your cost of energy is also low (and phil's is because it is solar). In late 2021 it was possible to even sell the miner you bought in mid-late 2019 for 2-4X $ cost (and maybe even more) even AFTER it mined for two years (I wasn't smart enough to do it this way, unfortunately). Phil just told you that one 100th machine earns $8/day, which means roughly 2-2.5K a year (after adjustment for difficulty rise), which means that machine is paid off in a year and after that almost pure profit (or at least 70% margin) if electricity is 4-5c/kwh. Imagine what this miner would earn if btc price doubles or triples. Maybe you are not a techie, but setting up a mining machine is ten times simpler than a new laptop. Lots of noise, though...home mining is only advisable if you have 5-7c or below power and a basement (or shed) as it is unbearable in the living quarters even with an empty room and the closed door. Need right cables too as it "eats" a lot. Your typical home cables are no good as it is best at 220-240V (with US being typically at 110V, apart from washer/dryer).
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 19, 2023, 05:01:16 AM |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 19, 2023, 06:01:20 AM |
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sirazimuth
Legendary
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Activity: 3346
Merit: 3484
born once atheist
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March 19, 2023, 06:54:56 AM Last edit: March 19, 2023, 07:08:43 AM by sirazimuth Merited by JayJuanGee (1) |
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.....
The rule by OP which clearly states "Do not post random comments on this thread, unless it is directly related to the last wall update" but you are too ignorant to read them.
You must be new here.
This is what happens when AI goes dyslexic...either that or the coders are indulging too much in the product...
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 19, 2023, 07:01:16 AM |
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shahzadafzal
Copper Member
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Activity: 1526
Merit: 2890
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March 19, 2023, 07:01:53 AM |
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.....
The rule by OP which clearly states "Do not post random comments on this thread, unless it is directly related to the last wall update" but you are too ignorant to read them.
You must be new here. + You must be new here.
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sirazimuth
Legendary
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Activity: 3346
Merit: 3484
born once atheist
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March 19, 2023, 07:09:48 AM |
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.....
The rule by OP which clearly states "Do not post random comments on this thread, unless it is directly related to the last wall update" but you are too ignorant to read them.
You must be new here. + You must be new here. Yes, I'm new to this page.
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 19, 2023, 08:01:16 AM |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 19, 2023, 09:01:21 AM |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 19, 2023, 10:01:17 AM |
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psycodad
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Activity: 1604
Merit: 1564
精神分析的爸
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March 19, 2023, 10:33:41 AM |
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OMG, does actually somebody proofread articles before they appear? Bitcoin price has historically breached the macro downtrend between 365 to 397 days before a halving. The next Bitcoin halving is scheduled for April 2023, which stands to be within the expected range of the breakout. On the micro-scale, BTC is performing exceptionally, reinforcing Bitcoin season.
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BitcoinBunny
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Activity: 1442
Merit: 2493
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March 19, 2023, 10:45:15 AM |
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BitcoinBunny
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Merit: 2493
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Since criminal central banks & criminal governments have now confirmed "If you are a big -- too big to fail -- bank then there is unlimited insurance against all deposits" expect only the big banks (usually criminal enterprises also) to survive. This will make rolling out the evil government controlled digital fiat currencies even easier and quicker.
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 19, 2023, 11:01:18 AM |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 19, 2023, 12:01:21 PM |
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Lainta
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Activity: 227
Merit: 38
Bisq Market Day - March 20th 2023
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March 19, 2023, 12:04:40 PM Merited by JayJuanGee (1) |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 19, 2023, 01:01:17 PM |
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