[edited out]
....... humans must whine about something...
Referring to yourself in the third person, yet with a descriptive undertone..
I got a chuckle out of that.
$110k is just a threshold that loosely and indirectly relates to my "fuck-you" lever. And it also kind of cements the 6-digit order of magnitude (which, again, doesn't really mean anything).
1) I don't want to beat a dead horse, but spot price reliance on fuck you lever seems quite problematic from my perspective.. even though I don't have any problem with the idea of price-based (meaning uppity threshold) and/or time-based withdrawal points.. yet this particular focusing around $110k seems to be a kind of price-based, as if you were to have an order (let's say 1% of your stash) waiting to be cashed out there, but that seems contrary to what I would presume for your to consider any kind of a place to shave off some cornz....
2) getting a bit of a distance between $100k seems reasonable, but 10% hardly seems reasonable in terms of counting on anything... maybe 25% to 35% above it, or maybe I am asking too much? how did $1,100 work out in regards to $1k? We did not stay there very long. How did $11k work out in regards to $10k? Same thing.. It was not much of a thing.
Sure it is better to be going up rather than down, and I truly have been speculating that our last 10-ish days since we first crossed over $100k (seems like longer, right?), we have just been spending time preparing to punish the fuck out of the so many folks selling at or around $100k who have not yet bought back... so why would the punishment stop at $110k? Or why would $110k have much if any meaning?
Sure, I have little to no idea what is going to happen.. but I would not be surprised to see $125k to $135k without any kind of a meaningful correction.. Admittedly, sometimes it takes time to go up or down or to figure out which way we are going, yet in the end, I'm going to be surprised if there were any meaningful correction in these here parts, and $110k seems almost the same as $95k to me.. and yeah, maybe it is all in my head, since we know that many times minority scenarios end up playing out.
$1M is the same. What's wrong with $900k? Or $1.1M? Human psychology... Just look at ChartBuddy when price is close to those nice, round, decimal numbers...
People do love round numbers, and historically in bitcoin those round number loving folks have tended to get screwed when they sold too many bitcoin at such round numbers... but yeah, in regards to $10k, we did end up coming back to that one quite a bit between January 2018 and all the way up to October 2020.
As for price I am making decent money with my small hosted mine.
about 100 usd a day and cost is 37 usd in power so I net 63 dollars of btc a day.
Recently, I bought a Bitaxe, just for shits and giggles since I had heard several places that they were like plug and play, so you could learn about mining, and my Bitaxe has only been running for slightly longer than 1 day.. and I am not really sure what all of the various indicators on the miner mean..
There might be a better thread to discuss this kind of a topic, but my reason to have had bought the Bitaxe is to just kind of get to know some more aspects of bitcoin (other angles).. and yeah, the Bitaxe was about $200, and it was pretty much plug and play.
It already had AxeOs software interface. After removing the Bitaxe from the box, I plugged it into power, and then I entered the IP address into a webbrowser then that gave me the default settings so that I could change the Bitaxe settings so that it would be logged into my wifi.. so then once the Bitaxe was logged into my wifi, then the small display on the Bitaxe gave me a new IP Address so that I log that new address into my browser (so long as the device is on the same wifi), then I could see details about how the Bitaxe was running and also to customize some of the inputs, such as putting my own BTC address into it.
So I suppose that it depends on which pool in regards to payout rules, and yeah, I would not expect much payout, and I am not sure if I can change the pool. My current pool seems to be public-pool.io
I was thinking that maybe I could buy a Bitmain Antminer S21. They are anywhere between $4k and $6k through Amazon, and they would be like 25-50x more powerful than my Bitaxe.. but in terms of sourcing maybe it would be better to buy from somewhere other than Amazon.. and maybe even pay with bitcoin?
I wonder if the S21s were very difficult to set up? I would not mind trying to mine on
Ocean mining, even though maybe any of the miners come with some default set ups, yet I cannot imagine them to be as easy to set up as the Bitaxe was.. even though no bitcoins have come to my wallet address through the Bitaxe, yet.
In regards to the S21, I see that they need to be 220V, and I do have some 220V already in the house (for the stove) and two outlets in my garage (for welders), but maybe I might want to have an electrician come over and put a 220 Volt outlet into my basement in order that I could plug such S21 miner into that and to have it in the basement (a bit cooler down there - naturally), if I were to get such a miner.
I am not looking into any of this in regards to the money, and surely I would not be mining any shitcoins, unless I were to conjecture that such shitcoin(s) were to become the new bitcoin, which I cannot see that happening any time soon.
Sure, I would like whatever miner I run to be profitable, at least in the beginning, but I am not overly obsessed with profits, even though it would be nice for it to pay for whatever electricity it uses. My main goal is just to tinker to just be able to attempt to learn a bit about mining and in some kind of an outside way to support the network if there might be shenanigans going on in regards to some of the larger pools and the way that they are paying out miners with averages and not specific rewards (so I had heard a few interviews with Bitcoin Mechanic in regards to how Ocean is more individualistic in terms of its payouts).. even though I am not planning to expand mining beyond perhaps the Bitaxe that I already have and potentially buy an S21.. just to dip a toe in and to get familiar with running a miner.... I would imagine that most miners are going to have some default software, but maybe after I buy the S21 and it is set up then I can start direct the hashing towards Ocean's pool. I suppose guys have ideas on this or maybe I need to go to one of the mining threads... as you can see that I am fairly early in my thoughts about this...just kind of cool seeing the Bitaxe running so easily, so I am thinking that it could not be that more difficult to set up one miner in my basement.
