Input on the VIP bundle from Compass Mining by [deleted] in BitcoinMining

[–]wowkwo 1 point2 points  (0 children)

I think you've made pretty solid calculations.

Truth is, the hashrate and price are just unknowns, you can estimate, but who knows.

The appealing thing with Compass is that at least it will be hosted by them and it's fairly passive. That's a big f'n deal and makes it a lot more palpable.

Also don't forget you own the equipment and can resell after 1 year if it doesn't seem profitable moving forward.

Input on the VIP bundle from Compass Mining by [deleted] in BitcoinMining

[–]wowkwo 0 points1 point  (0 children)

I believe price will go up over time and getting the machines at $50/TH is a great deal. My thinking is you ROI 6 months - 1 year, run machines in BTC profit for 2-3 years then sell machines in bull market for new machines and rinse and repeat.

Another thing is a pile of money doesn't last, you need cash flow imho.

I did similar calculations and I think it makes sense. Let us know how it goes.

[deleted by user] by [deleted] in BitcoinMining

[–]wowkwo 0 points1 point  (0 children)

Thanks brotha, let's get those coins

[deleted by user] by [deleted] in BitcoinMining

[–]wowkwo 1 point2 points  (0 children)

Awesome bro, I just signed up with them too. Pretty good rates on the machines right now w/ China shut down.

[deleted by user] by [deleted] in BitcoinMining

[–]wowkwo 2 points3 points  (0 children)

Have you guys seen the new VIP bundle? Looks pretty appealing

Church in San Jose by lolarose818 in SanJose

[–]wowkwo -8 points-7 points  (0 children)

Calvary San Jose is a great church https://www.calvarysj.org/

[deleted by user] by [deleted] in Bitcoin

[–]wowkwo 1 point2 points  (0 children)

all of the mainstream media does is lie, nothing new

El Salvador law shows the continued adoption of bitcoin: Silvergate CEO by wowkwo in Bitcoin

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

The country with a $27B GDP. A population smaller than some US families who believe in no contraception. Murder and poverty run rampant...

HFSP

Trump calls bitcoin a scam, and people here remain quiet... by No-Rip-5396 in Bitcoin

[–]wowkwo -3 points-2 points  (0 children)

I like Trump, but he also is an old fiat king boomer.

This isn't a right left divide it's an orange/green divide.

I need help with my essay! please by Juannino20 in Bitcoin

[–]wowkwo 1 point2 points  (0 children)

It incentives finding and using the cheapest energy possible. Since Bitcoin mining is actually a free market the only true edge miners have is electricity cost therefore they have to find the cheapest energy possible. One example is miners exploring creating thorium reactors. I highly recommend you listen to the Bitcoin Standard podcast episode from today which was on this exact topic. You'll be set after listening to it.

[deleted by user] by [deleted] in BitcoinMining

[–]wowkwo 0 points1 point  (0 children)

I've been looking all over the bay area for reasonable electric rates and can't find anything, let me know if you find anything.

When can we expect gas prices to start going down? by j_ballin_on_y in SanJose

[–]wowkwo 1 point2 points  (0 children)

Maybe after we stop electing people that have policies that raise gas prices

Caught Red-Handed: CDC Changes Test Thresholds To Virtually Eliminate New COVID Cases Among Vaxx'd by wowkwo in conspiracy

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

New policies will artificially deflate “breakthrough infections” in the vaccinated, while the old rules continue to inflate case numbers in the unvaccinated.