Our second
@upstreamdatainc
container is full and running smoothly. We have another one that will be available in late August.
We are offering:
- 7.5c/kwh all in hosting
- M60 178TH/s 19.9 J/TH for $4,000
- M60S 184TH/s 18.5 J/TH for $4,300
- No MOQ
You can purchase directly
I’m 28 and a lot of my generation/friends complain about how the current system is broken.
But then won’t listen to me for 30 seconds about Bitcoin…
Can only help people who actually want to escape.
I've mentioned this a few times in other threads, but one way to profit off of an attack is to open a big short on Bitcoin, then attack the chain through a 51% attack, see the price crater, and reap the rewards.
People often ask me: what if BTC fails aren’t you worried about losing everything?
I am much more worried about having no separation from state and money with CBDC’s and no way to opt out.
Some problems are so important that the risk of losing everything isn’t as bad as a the
Plenty of BTC security is flawed FUD being talked about right now by altcoin scammers. The only points that really matter are:
1. PoW ties Bitcoin to the real world where the laws of physics apply. Your feet touch the ground in the real world… this isn’t the metaverse dork.
If things get serious enough and the exchanges all get shut down.
How are you going to buy BTC if the on-ramps are closed?
Makes sense to buy and ASIC to be able to buy BTC with electricity just in case.
Our open criticism of Ocean Mining Pool:
@ocean_mining
We agree with the overall mission of what Ocean pool is trying to do. Decentralizing at the pool level is important but there are a couple of things that have been EXTREMELY frustrating to watch. The first being the
The Bitcoin mining industry is incredible resourceful and stubborn.
Guys would rather invent a new way to heat their homes then turn off miners.
Not a group I would bet against.
When you become a Bitcoin miner you hire ASICS to do work for you 24/7/365.
They never complain or ask for days off.
You can buy one of these “SUPER EMPLOYEES” for under $2,000 USD right now.
You are not taking into account who these people are. Small miners can actually afford to mine at a loss much longer than big miners. Let me explain…
A typical customer of ours has 5 miners. They almost all have really good W2 jobs or other businesses that pay their bills.
Hosting for small miners will take a huge hit!
If the halving were to happen today, January 25, hashprice would be roughly $38/PH/day, which would mean make an S19 XP's breakeven cost $69.5/MW and an S19j Pro's breakeven cost $51.5/MW.
In North America (and elsewhere), retail
The Most Bullish Case for Bitcoin Mining You’ve Ever Heard: 🤯
Inspired by
@IIICapital
&
@luke_broyles
Currently the Bitcoin network pays out $10.7 billion in Bitcoin per year. This is the Total Addressable Market(TAM).
Fast forward 20 years. The USD price per bitcoin is
The Feds knock on your door and say:
“We know you hold Bitcoin and are here to take possession of your private keys.”
Shill me your funniest most sarcastic response. 😂
I’ll go first: “Yes sir, someone from your office named Billy came by last week… I turned everything over
Bitmain has a stranglehold on the mining industry from the pool & ASIC level. They control north of 50% of asic production and very close to that at the pool level from all their proxy pools.
This is a huge problem and the solutions being proposed are not very great. Hence why
Bitcoin is hope.
To a generation that was told college was the answer to the American dream when it wasn’t.
To a generation that was told to save more and work harder then we will finally be able to buy a home and start a family… we can’t afford either.
Bitcoin gives this
8 sat/vB in the mempool right now… the lack of on chain activity is concerning as a miner.
We need on chain activity or this whole thing falls apart. Merchant adoption to me feels like the catalyst for this.
Please continue the narrative that Bitcoin mining is ruthlessly competitive. It’s just way too hard to make money doing this… better just not even try.
It sucks buying ASICS and having them roi in 18 months.
It sucks being able to generate millions of dollars of revenue with
We are excited to announce the launch of Wilson Mining Pool! Starting fees are the lowest in the industry at 0.38%.
We started this for a couple of different reasons:
1. To help the small miners like us get access to the low fees only the largest miners in the world have access
Everybody wants to talk about energy cost per kWh. I don’t see anyone talking about payroll/labor cost per kWh.
For example if you had 1MW container and had one person run it. With a payroll of $7,000/month.
The math works out to be 695,400 kWh/month at 95% uptime.
We are officially at the top of the
@BraiinsMining
firmware leaderboard!
S19 XP doing 1,893w (at the wall) at 103.7TH/s for an efficiency of 18.25w/TH
We've had a couple s19j pro 100t's do ~27w/TH at ~120TH/s as well.
However, for most of the overclocked miners we're able to
Honestly shouldn’t be giving this away for free… but the mega miners think they have won.
The game isn’t over yet my fellow plebs… not even close.
They made a blunder in their business models. Read the full post below 👇🏻
High Quality Infrastructure & How the Small to
The best part of the ETF approvals for me personally is how all my finance friends who hate Bitcoin have to continue down the path of denying reality or admit they were wrong lol 😂
Starting a business in Bitcoin is the best decision we have made to date.
Bitcoiners LOVE doing business with other bitcoiners. Even if you don’t have the experience or track record people in this industry will give you a chance simply because you share the values of Bitcoin.
The banking industry is doing a FANTASTIC job marketing Bitcoin!
Appreciate all the hard work getting the entire country to see the value of sound money.
We are living through a time in history that will be talked about for hundreds of years.
Bitcoiners will be remembered as the legends who took down the corrupt fiat system and won.
What a time to be alive.
Public miners are bloated and wildly unprofitable.
@penny_ether
is clearly very talented in finance and this thread is amazing work.
A couple things really jump out to me looking at Q4 Combined Fleet
1. SG&A: costs to operate the day to day business are $0.043 kwh. To put
Next, I break them into three different metrics: $/kwhr, hashcost ($/PH/s/day), and $/BTC. I would advise ignoring $/BTC, since this value can change in the future tremendously as hashrate changes.
$/KWH and hashcost should be the standards.
Honestly at this point from what we’ve seen at our facility Bitmain has no advantage over Whatsminer.
While the Bitmain miners have better “nameplate” efficiency they have issues so much more than Whatsminers. For every Bitmain miner you buy just add $500 of repair costs to the
Do not take on debt to buy ASICS.
You have a fixed debt payment with an asset that has nowhere near a stable income.
Recipe for disaster in my opinion.
There is no place for virtue signaling in a mining operation. Ocean pool claims they want to support decentralization. However, in order to support their idea of decentralization you need to put your mining operation at a disadvantage. Which means all the miners not using Ocean
The demand for rack space to the supply of ASICS is insane right now.
In the middle of a bear market too.
I can’t even imagine what things are going to look like after the halving and we go bull again. 🤯
The Plebs hosting S19K Pros at 8c kWh with us have a lower all in cost of production than Marathon, Cipher, & Bitfarms right now.
$19,711 all in for the plebs.
Bitfarms: $22,436
Cipher: $20,435
Marathon: $23,004
Data from
@cazenove_uk
Buying spot Bitcoin versus mining Here’s how we think about this.
Buying spot BTC is much less risky. You can guarantee the amount of sats you get the second you buy. With mining you can’t guarantee your BTC payout due to network hashrate uncertainty.
Mining is a superior
How to live a good life in 2023:
1. Work in Bitcoin not crypto
2. Orange pill your loved ones
3. Eat whole foods and exercise daily
4. Make friends with fellow bitcoiners
Simple really
If you are watching the mempool fees are going nuclear. This is how little it takes for fees to spike.
A first hand look at just how scarce block space really is.
New week new update! Getting real close. Should be energized by early next week. Just waiting on the container from
@upstreamdatainc
which should be shipped this week
Every Bitcoin mining “analyst”. The guys who analyze public miners has literally no clue what they are taking about when it comes to valuing the success of a Bitcoin mining business.
All the KPIs they make up are completely irrelevant and easy to game. Go read the actual
Never buy miners without a place to plug them in. Rack space is hard to come by right now.
Don’t assume that just because you have miners there will be a place to plug them in with competitive power rates.
BTC maxis may come off as harsh sometimes.
But what do you expect from us? We’re screaming at you to not get scammed and everyone yells at us while getting scammed…?
We are not the enemy.
The Wilson boys are 4th generation farmers(no we don’t farm the land ourselves just own it).
We are building the same foundation with Bitcoin mining. Our family will be mining Bitcoin in Iowa for generations to come.
We are long term players thinking in generations not years.
As a small operation our operational costs, our time, and our resources need to be stretched as far as possible. That's how we remain so competitive as we can't just issue new shares and get a huge influx of cash and we can't go get traditional financing. We're completely on our
Another Upstream Data 900kW Hash Hut Loadcenter headed to The Midwest, USA to aid in the production of
#bitcoin
.
25,000-50,000Th/s of portable all-climate hashpower infrastructure on the move.
The future is ours to build!!!
Deposit made for our third
@upstreamdatainc
container. Hoping to go live late this summer/early fall.
Wouldn’t be surprised if the entire container sells out in 48 hours. One of the rate plans we will be offering for it is sub 7 cents, MOQ 1.
Reach out to get on our email list
Modeling ASIC Returns Based on Hashprice Averages: The Most Accurate Way to Predict ASIC Returns
Historically, right now is the best time to be buying ASICs. Hashprice is hovering around all time lows and profits are slim. Because of the current conditions, it can be very
2/
@RenewaBlox
understands the future of Bitcoin mining companies will be to vertically integrate as energy producers
Energy costs dominate mining company's overheads and so, as Bitcoin mining becomes more competitive, removing an 'energy middle-man' will be key to profitability
Bigger is definitely not always better in the mining industry.
20 MW with poor margins is much worse that 3-5 MW with great margins.
Don’t scale up if it compromises your margins.
Seems like this whole banking fiasco is a good opportunity to really start pushing CBDCs.
“Your money will be fully backed and insured by the Federal Reserve. What’s happening now would be impossible under a new SAFER system.”
DO NOT FALL FOR THIS
Participate in the Bitcoin network.
Run a node, buy a miner, shop with companies that accept Bitcoin.
Be a part of the community, make new friends, start new Bitcoin based businesses.
In my opinion this is what it’s all about.
We printed some intake shrouds that extend the miners intakes further out into the cold isle and help smooth out incoming air to the fan a bit. Results are around a 5-10c decrease in intake air temps
If you are in the beginning planning stages of building your own mining facility give yourself double the budget you think you need.
You will make mistakes and unforeseen problems will occur.
Having a buffer to weather this is key.
It has been a pleasure to meet and interact with all of you guys.
We have learned so much in such a sort period of time thanks to everyone being open to share information and ideas.
The Bitcoin community truly is special.
Ownership over everything else.
Own the land, own the building on said land, own the business in said building.
And of course own the Bitcoin that said business produces.
I’m so incredibly bullish on lightning. Specifically for in person POS transactions.
I don’t see how every major retailer wouldn’t adopt. A big retailer like Walmart or Target pay between 1.5-2.5% of TOP LINE revenue to VISA/MASTERCARD.
Implement lighting and that money goes
Horrible experience with Simple Mining.
We sent them 4 miners that they had for 6 fucking weeks! We ended up going to pick up these miners ourselves after no communication.
We literally thought they rugged us.
Long turnaround time, no communication, 1 of 4 got fixed.
Send
We will have 240 more spots coming online in April/May of this year, 63 are already reserved.
We are using the latest generation
@upstreamdatainc
container(there is no second best).
Repairs are now being done onsite. This has taken the lead time for repairs from 4 weeks down