We turn power into Bitcoin. Hosted mining for investors. Based in Cedar Falls, Iowa. Inc 5000 #175
7 day Bitcoin mining trial
Joined June 2021
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Simple Mining retweeted
The strategy is simple:
smash buy for 10 more days then watch your strategic stockpile 3-5x in dollar terms over the next 48 months
Simple Mining retweeted
In case you missed it, the biggest Bitcoin miners are leaving the network
and every miner who stays gets paid for it.
Network hashrate is 26% below its ATH for a reason
Part of it was machines losing money. Part of it was power getting outbid.
Now look at it from the perspective of someone still mining.
Bitcoin issues the same number of coins every day no matter how many machines compete for them.
When difficulty fell due to decreased competition, each machine left on the network earned about 20% more bitcoin on the same power bill.
and hashrate that migrates to a 20 year lease does not come back when the price recovers.
the bailout for big miners is the bull run for everyone still plugged in
watch
Imagine working 9-5 for 50 years then The Fed prints 40% of the total money supply and inflates away 20 years of your work.
Elon Musk found 14 computers in the federal government that can send money out of nothing.
Most of them sit at Treasury.
You traded hours of your life for the dollars in your account and every time Washington spends money it doesn’t have, those hours buy less groceries.
One keystroke on their end and your paycheck gets weaker.
Bitcoin has no magic computer.
Every block costs energy and machines running around the clock, and nobody in Washington can skip that step.
This is why we Bitcoin.
Your miner could find a $257,000 block tomorrow.
It could also take 68 years.
That’s the math behind solo mining.
On October 11 a solo miner hit block 970,904 and took home 3.129 BTC.
For every miner who gets that day, plenty more never will.
One S21 XP runs about 270 TH/s, and the network runs near 970 EH/s. On its own, that machine would wait about 68 years on average for its first block.
In a pool, the same machine earns a share of every block the pool finds.
Your sats add up daily, in line with the work your machine puts in.
If your goal is to accumulate Bitcoin, the second version is the one you can plan around.
You get Bitcoin landing in your own wallet every week while solo miners are still waiting on luck.
Simple Mining retweeted
What it costs to build 1 megawatt of capacity, according to the CEO of the largest public Bitcoin miner:
Bitcoin mine: $5 million
AI data center: $40 million
The AI build costs roughly 8 times more before anyone earns a dollar.
It explains why public miners quit buying machines and started chasing AI leases.
All i'll say is when the biggest buyers leave a market, the people who stay get their best entry price in years.
Google ordered six or seven small nuclear reactors to power its AI.
Microsoft signed a 20-year deal to restart Three Mile Island.
Big Tech is short on power, and Bitcoin miners spent ten years securing it.
Simple Mining retweeted
the pizza guy is the most misunderstood man in Bitcoin history.
everyone knows Laszlo paid 10,000 BTC for two pizzas in 2010.
almost nobody knows what else he did that year.
he got Bitcoin mining to run on a graphics card, an NVIDIA 8800 GTS, and released the first working GPU miner on earth.
until then everyone mined on a CPU. his setup was so far ahead that Satoshi emailed him personally and asked him to slow down, because GPUs were concentrating new coins in too few hands.
blocks paid 50 BTC every ten minutes back then.
the only man with a working GPU rig could have stacked 100,000+ coins before anyone caught up, and he probably did.
so the pizzas were bought with coins he minted himself, and they proved Bitcoin could buy something real.
the kind of chip he pointed at Bitcoin in 2010 is the same kind training every AI model today.
one guy sitting right where Bitcoin mining and AI compute would later meet
extraordinary
This speech still hits hard today.
@aantonop speaking in 2013.
Full video here:
youtube.com/watch?v=EiW4lKrM…
