Not posted in a while just trucking away with dca and stacking. Was out in the world enjoying life and started to notice Btc in general life, from billboards, graffiti, bitcoin atms etc. Im not sure if it was always there or not but what do we think about this type of engagement with Joe Public. I wonder has anyone found their way here from something like seeing a btc atm in their local area.
Im having some serious internal debates on whether to over allocate into Btc this year, I had set some targets around totals with what I felt was balanced and am approaching these way sooner than I thought was possible. With WOs who have over allocated before any learnings to help me with my own decisions?
Another one been wrestling with is continue to allocate same during a bull and new ath, or under allocate for that time. I see comments about oh know if you bought at the top its bad but wouldnt all dcars have bought at the top?
Well lets pretend your investment stack of buckets is 20k
if you are under 50 and you are 18k not btc 2k btc
adding just BTC for the rest of the year could be a good idea.
The ratios of your investments could go from:
10% btc 90 % not BTC
to
20% BTC 80% not BTC
the younger you are the harder you could push BTC
Just remember investment money is more or less what you can afford to lose or hodl for a long time.
Thanks for the response! I set it at 5% and figured out I can increase it to about 13% without any impact this year. Next year can move it to 20%, so like 20% of my fun money goes to Btc, and 80% to other investments.
The bit Im wondering too, is in the year it breaks the current ath should I reduce allocation for dca(dont stop it)and put aside for buying on the way down or just keep going with current allocation.
One miner q for you do you hold much weight in price to mine 1btc that the big miners are sharing to the SEC each q. Is it realistic the price to mine is currently in that 20-30k range? Im not sure if its a true correlation but the bottoms in cycles seem to be really close to the avg price to mine 1btc. I wonder is this a better way to understand true bottom Vs stating its some %drop range from aths
Its hard to answer that cost to mine a btc question. But I will try.
An established miner with gear paid off.
Lets say he has 400 s19 pros. All paid off.
400 x 110 = 44000 th
they burn 75kwatts each day for each one.
or 30000 kwatts a day for 400 .
110 x 7.2 cents = $7.92 a day for 1 unit
75 x 5 cent power cost = $3.75 for 1 unit
4.17 profit a day right now today for 1 miner
400 x 4.17 = 1668 dollars a day for all 400 miners
So in 19 days boom a Btc. pure profit.
or 19 x 400 x 7.92 = $60192 worth of btc earned which is 2 coins
19 x 400 x 3.75 = $28500 in power spent which is under 1 coin.
now what did I skip cost of the gear as My example is with paid off gear.
I also skipped labor for those 19 days.
I also skipped cooling for those 19 days.
I also skipped cost of your building
And I used 5 cent power to calculate power cost.
Gear is not a sunk cost as gear lasts 2-5 years must be churned and replaced.
Your building may be paid off and has at least 20 years life in it.
I am not a big miner I may have 100 units of gear.
All paid
one or two are always broken
Lots of labor.
But runups are glorious and mining becomes a lot of fun.
At the moment its a grind.
You need under 8 cents power cost to be in the black.
and 5 cents power cost to be doing well.
Also I am using no loan examples.
If you carry loans to get your gear you need 2-5 cent power to survive.
Very good...clearly shows that this is a cost of production aka electricity cost game right now and later on would require at least doubling of the price to maintain profitability even with 5c power. If no price doubling within the next 8-10 mo, then miners would be negatively affected.
My residential power is 12c now so I cannot mine even if wanted to....it is just not profitable.
