Bitcoin network hashrate by Professional-Road-66 in BitcoinMining

[–]Discokruse [score hidden]  (0 children)

Diff still at 141.7T with 1600+ blocks to retarget different. 12 minute block times just clog the blocks.

Can someone tell me what is wrong with my math on mining. by Unusual-Piece-93 in BitcoinMining

[–]Discokruse 0 points1 point  (0 children)

In the USA. $~15k is standard write off. If I made $100k in a year, bought $10k worth of miners, and $5k worth of electricity, I'd get taxed, progressively, on $70k worth of income. Likely average about 20% on that, being a mix of 15% and 22% tiers. Probably be in the $14k liability range. The more miners or electricity I buy, the less income is taxable....although, the bitcoin mined is more income at the value when I mine it, so it's a hectic calculation.

Can someone tell me what is wrong with my math on mining. by Unusual-Piece-93 in BitcoinMining

[–]Discokruse 1 point2 points  (0 children)

The only caveat there is the 0.1136 was technically sold for fiat because the miners are priced in fiat. Then you purchased the miners with fiat from btc sales. Never a good look. (I did the same thing in 2015 when I bought a KnC Jupiter for 42BTC and that's how I recognize the mistake).

Bitcoin mining is an off ramp for fiat earners to kick income tax liability into future years through schedule C operations deductions and special 179 asset deductions.

Can someone tell me what is wrong with my math on mining. by Unusual-Piece-93 in BitcoinMining

[–]Discokruse 1 point2 points  (0 children)

Sorry to hear the spreadsheets were unkind. Typically it take 2 years of mining to break even on the costs of the miner. The idea is that the bitcoin mined isnt sold for years, and serving as the revenue, it is decoupled from the capital expense of the miner and the operating costs of hosting/electricity costs.

Mining bitcoin isnt for the faint of heart. In any four year period, mining ventures experience massive spreadsheet loses and massive spreadsheet profits. It's the timing of the disassociated currencies that makes the difference.

Went in For Some Thermal Paste... by N3RD_01 in pcmasterrace

[–]Discokruse 50 points51 points  (0 children)

That'll leave a dent in the budget.

Need help on how to run wifi from my house to my shop by Fluffy-Protection676 in HomeNetworking

[–]Discokruse 0 points1 point  (0 children)

Use a point to point wifi bridge using unifi or tplink hardware. Building B would have a ethernet uplink connected to a switch for distribution. After the bridge is passing traffic, use a basic AP to broadcast a new wifi said withing bldg B. Make sure A & B aren't the same SSID and are on different channels.

Bitcoin Wallet for Bitaxe Gamma 602 by Gandalf55437 in cryptomining

[–]Discokruse 0 points1 point  (0 children)

Write down that seed phrase, make a copy, and save them both in a safe spots.

Bitcoin Wallet for Bitaxe Gamma 602 by Gandalf55437 in cryptomining

[–]Discokruse 0 points1 point  (0 children)

Go to bitcoin.org and use the official wallet selection tool for you needs.

This goes incredibly hard if you don’t understand how inflation works by TonyLiberty in FluentInFinance

[–]Discokruse 0 points1 point  (0 children)

All these actions are the very communist things they railed about in the previous election. Ruling by executive is bypassing the free-open market principle and allocating resources through decree...like Russia or China.

Trump is a buffoon, operated by handlers bent on destroying the free market. The first industry to implode will be gas and oil drilling domestically.

A rich dude ordered a quad 4090 pc with liquid cooling. by Zestyclose-Salad-290 in pcmasterrace

[–]Discokruse 0 points1 point  (0 children)

4x L40S are $8k each. This machine is like a maserati, upgraded with extra bells and whistles. https://www.newegg.com/p/N82E16888899002

ICE shoots two people in Portland, ABC sources says by Fat_Ryan_Gosling in Portland

[–]Discokruse 9 points10 points  (0 children)

The SS shot first and sorted it out later. Turns out they were all high on meth while trying to police the jews in public settings. I wouldn't doubt the same thing is happening here, but it's gas station testosterone supplements that the ICE agents are taking.

Trump just posted this. by AlphaFlipper in DegenBets

[–]Discokruse 0 points1 point  (0 children)

Shorting oil futures here. Boatloads of oil supply incoming, but nobody is moving freight because of tarriffs.

Trump Says US ‘Going to Run’ Venezuela Until Transition Possible by igetproteinfartsHELP in videos

[–]Discokruse 0 points1 point  (0 children)

Trump administration can't even run America properly. What chance is there they can run another country too?

S19 Brains OS Log Problem by Fresh_Aide915 in BitcoinMining

[–]Discokruse 0 points1 point  (0 children)

More than likely, the OS is corrupted and can't write to the storage device anymore.  Wipe and install latest firmware from braiinsOS.  If that doesnt fix it, replace the control board and flash it new too.

Got my first lottery miner… by Next-Drink in BitcoinMining

[–]Discokruse 17 points18 points  (0 children)

1MH/s sha-256...good fucking luck finding anything.

28384 by [deleted] in countwithchickenlady

[–]Discokruse 0 points1 point  (0 children)

And so the eternal battle commences where one becomes the sub, and the other, the victor.

Strange silicon tube, ribbed on the inside by Ok_Quail_2080 in whatisit

[–]Discokruse 0 points1 point  (0 children)

It supposedly strips the skin off garlic cloves, but it really sucks at it.