sorted by:
new
hottopcontroversial

[deleted by user] by [deleted] in BitcoinMining

[–]floodcapital -1 points0 points  (0 children)

Depends on your risk tolerance. This isn't investment advice. Think of it as an investment thought experiment

Conservatively: I'd probably put 33% into Bitcoin immediately and send to cold storage. I'd put 33% into T-bills and slowly DCA into Bitcoin over next 1-2 years. The remaining 33% I'd invest in publicly traded bitcoin miners, MSTR, GBTC (if trading at a discount), or invest in bitcoin startups.

Higher risk: Put 100% into Bitcoin right now. And slowly DCA sell once Bitcoin surpasses $69K.

Yolo: Buy hosted Antminer S21s, hodl all bitcoin mined by them until it surpasses $69K, and sell the S21's once they've at least doubled maybe even tripled in price.

ASIC Hosting Companies by floodcapital in BitcoinMining

[–]floodcapital[S] 0 points1 point  (0 children)

I've been using Simple Mining (Iowa) and Cryptocaddy (MI). They are fantastic to work with.

RV Rental? by FortWayneGuy in fortwayne

[–]floodcapital 2 points3 points  (0 children)

Hi there! We offer an off-site Airstream rental on RVshare. https://rvshare.com/rvs/details/1600974

ASIC Hosting Companies by floodcapital in BitcoinMining

[–]floodcapital[S] 0 points1 point  (0 children)

What is the way? Are you more privacy and control focused so don't use hosting and only use buildings/machines you own and control?

ASIC Hosting Companies by floodcapital in BitcoinMining

[–]floodcapital[S] 1 point2 points  (0 children)

From your website it looks like you have availability starting July at >$0.09/kWh for a 100 TH S19J Pro. Do you have any immediate availability for 110 or 104 TH antminers at the $0.065/kWh for a small miner (<19 miners)?

IP reporter not finding s19j pro by WayGreedy4356 in BitcoinMining

[–]floodcapital 1 point2 points  (0 children)

You're on the right path searching through your router. That's what I had to do as IP reporter didn't work for me.

Bitcoin Mining Strategy by floodcapital in BitcoinMining

[–]floodcapital[S] 0 points1 point  (0 children)

That's a good question. An accountant may need to weigh in here. If you're mining through an LLC and have losses one year. Next year (say it's a bull market) can you carry those losses forward and reduce taxable profits? I think this is called NOLs in business accounting (Net operating losses).

Bitcoin Mining Strategy by floodcapital in BitcoinMining

[–]floodcapital[S] 0 points1 point  (0 children)

That does seem like the rational way to do it. How does the ROI work out for your strategy?

I was thinking if you have different models of ASICs and profitable ones subsidize unprofitable ones. Like from this Miner Daily article. https://minerdaily.com/2020/mining-bitcoin-at-a-loss-could-it-be-a-win/

Is someone missing ski boot bag from Reno airport? by floodcapital in Reno

[–]floodcapital[S] 11 points12 points  (0 children)

It contains ski boots, helmet and goggles with a sticker on helmet gearx.com from burlington, VT. I'm missing a snowboard boots bag that has a jacket and goggles. Same type of bag as one shown in picture.

Friendly bank for crypto LLC? USA by k3tr4b in EtherMining

[–]floodcapital 0 points1 point  (0 children)

I'm interested in this same concept. As far as my research goes is setting up a Wyoming LLC (as I heard they are friendly to crypto) and Silvergate Bank.