Who’s selling at bottom ?
Or at -38% ?
Anything from here to lower is considered very very weird to say the least
Just got a my buy $50 a day in btc going on and on and on.
I will hopefully get out of the 1-10 btc status by Jan 1 2023.
Every time I read about someone cracking the 10btc mark, I'm forced to think about mindrust. He was so proud of his 10 ...for a few days.
Please note: Not a comparison to you! I read you are mining shit for bit, and that you most likely have a totally different approach to Bitcoin than him.
If I get to ten coins by Jan 2023 I will be approaching my 66th birthday.
I would be looking to opt out of btc and the game in 2027.
So I am not dropping out like mindrust did 😊
We have four guys in on this.
64 me
58 warehouse owner
44 buysolar my partner since 2014
24 son of warehouse owner.
once the solar array is in place at the warehouse this spring or summer. The mine will always make profits.
Oh we may not be like 2021 profits but we will always make profits.
I don't quote myself often but this is a 350kwatt solar array on 6 building complex in a ware house district.Use 2 factors for average hourly power rates 5 and 6
If you live on the equator in a sunny desert you can do facts of 4.5 to 5 in NJ 5 and 6 are the numbers to estimate what you will generate.
It will make:
350/6 = 58.33
350/5 = 70.00
58.33 to 70.00 kwatts an hour 24/7 all year round .
It is about 3 acres of roof top. So BTC effectively allows for a bigger demand of power which allows us to go to 350kwatts.
This means a 115kwatt array can be a 350Kwatt array. So BTC is creating new farm land out of empty roof tops.
Not every state is as good as NJ to do this but quite a few are.
The mining we do at the site has been burning plenty of dirty power since 2018 but now we will be able to build the larger array. When you calculate all the numbers for the cost of that 58.33 to 70.00 hourly kwatt produced. The cost rate is under 5 cents per Kwatt for the next 20 years if we roll backwards to lesser mining profits. If we surge in mining profits for 2022 we could drop the cost rate down to 4 cents a kwatt for the next 20 years.
Will we get rich with this build no. We need 2 megawatts not 350Kwatts and we need investors with longer time lines than 1 or 2 years.
Not soliciting here. Just showing ways to acquire BTC.
BACK to what 70kwatts of hourly power earns right now.
it is 58.33/3.4 = 17.15 s19's
it is 70/3.4 = 20.58 s19's
say 19 s19's doing 100th = 1900 th that is .2558 x 1900 = 486 a day and you burn 1680 x 0.05 = 84 a day
you make 402 a day or close to 31 or 32 cents a kwatt earns and 5 cents burned.
peak numbers this year were more like 900 a day - 84 = 816 a day profit.
worst numbers in summer 2020 were 247 a day - 84 = 163 a day.
So the more days earning 816 a day profit the faster the array pays off.
and of course the more days earning 163 a day profit the slower the array pays off.
If mining fully truly dies the power can be sold to local neighbors at 171 a day - 84 = 87 a day profit.
So worst case is BTC dies and we take a longer time to pay out. Still make money. Just slower.
it is why we spent back so much coin to set it all up. But even if all coins fail the fact will always remain BTC allows the build of the 350 kwatt array.
Once it is done the next step will be hooking up with some PA investors. We need to see how it works out. All in good time.
It's why I know I am not going to be like mindrust.
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