I’m 28 and a lot of my generation/friends complain about how the current system is broken. But then won’t listen to me for 30 seconds about Bitcoin… Can only help people who actually want to escape.

Where the fuck are you going to get 10+ GW of energy to pull of the 51% attack? Or the 3+ million ASICS?

Just finished up the @protomining launch man what an amazing event and product. The main takeaways were: - Extreme focus on quality and longevity. In a world where everyone is close in efficiency this is what sets them apart from the rest. - The ability to easily swap out parts without removing the entire miner is a game changer. Ship just the hashboard to repair, swap in a new one. Repair downtime will be a thing of the past. - The team they have assembled is top notch. A lot of their best employees from Square are working on this. - Best in class software and miner management. No more complicated error codes. A daily report on exactly what parts are failing, bring all the parts needed to the site in one trip. Replace what is needed and then on to the next task. Forget having to pay for third party firmware or miner management software. - Stratum V2 build directly into the miner. - US based with US support. We know exactly who to contact for sales, support, firmware, everything. - A commitment to ALL the players in the mining industry, not just the big guys. We are two nobodies in Iowa that got to help in a very small way. It’s so incredible to see the suggestions we made get built into the miner. The entire team knew who we were and was actually excited to meet us. Can’t stress how reassuring this is for us. - We could not be more excited to continue doing our small part in mining with the help of the Proto team.

People often ask me: what if BTC fails aren’t you worried about losing everything? I am much more worried about having no separation from state and money with CBDC’s and no way to opt out. Some problems are so important that the risk of losing everything isn’t as bad as a the future of playing it “safe”. I’ll take this risk every time regardless of the odds. That’s how important this is.

Plenty of BTC security is flawed FUD being talked about right now by altcoin scammers. The only points that really matter are: 1. PoW ties Bitcoin to the real world where the laws of physics apply. Your feet touch the ground in the real world… this isn’t the metaverse dork. Your PoS coin doesn’t… 2. BTC is truly decentralized. Anyone in the world can run a full node for a couple hundred USD. It costs roughly $60,000 USD to have a full ETH validator right now, 32ETH. A HUGE portion of the population is priced out and would have to TRUST NOT VERIFY. How many fucking “smart contracts”and “bridges” have been hacked…? And you want to talk about security. 😂🤡 All of the arguments against BTC security are “what ifs” meanwhile another smart contract gets hacked and another celebrity pumps and dumbs an unregistered security on a PoS chain… BTC security is perfectly fine. Worry about the security problems your PoS shitcoin has literally right now.

If things get serious enough and the exchanges all get shut down. How are you going to buy BTC if the on-ramps are closed? Makes sense to buy and ASIC to be able to buy BTC with electricity just in case.

Our open criticism of Ocean Mining Pool: @ocean_mining We agree with the overall mission of what Ocean pool is trying to do. Decentralizing at the pool level is important but there are a couple of things that have been EXTREMELY frustrating to watch. The first being the constant argument about the “ethos” of Bitcoin and what is right for Bitcoin. This is all very subjective. We were pitched for this pool and are the exact customer they should be going after. Since the big public miners have to KYC themselves they will always go with Foundry. So those miners are not really an option as far as acquiring customers. Customers being miners.  We are a very small operation, less than 1MW at the moment. Small operations like ours are what helps mining be decentralized. There are A LOT of disadvantages that we have as small miners compared to the big guys, in general our energy is more expensive, the miners we buy are priced higher, there are only two of us running the entire operation.  This bear market has been brutal for all of us small guys and we couldn’t just issue new stock to buy all the infrastructure and miners that we wanted.  We are doing everything we can to be able to compete with the biggest mining companies in the world and it is not an easy fight to be in. In the Spaces that @boomer_btc and @LukeDashjr were in today, a common phrase was used again and again which was “doing what’s best for Bitcoin”.  I hope this helps Ocean dig deeper into what that means. Bitcoin is not a network of software and code. It's a group of PEOPLE. WE are Bitcoin. The small plebs like us. You guys keep saying we need to do what’s best for Bitcoin. However, your pool is not doing what's best for Bitcoin by only putting the small miners, who have the potential to make a much more decentralized Bitcoin, at a significant disadvantage compared to the large miners who make a significantly more centralized Bitcoin. The OCEAN proposal is for us to: 1. Pay higher fees  2. Have no firmware discounts like other pools  3. Take less consistent payouts 4. Mine less profitable blocks.  If we are a very small part of Bitcoin how does this help us? We are expected to do all of this “for Bitcoin”. But all this does is put the little guys like us in a harder and harder situation to be able to compete with the big miners. It’s not hard to see into the future where the small miners like us get squeezed out because we did “what was best for Bitcoin” and in the end the big miners swallow us up making mining more centralized. Oceanpool has a pool fee of 2% (once the free trial period ends). We are currently using @Lincoin pool and have a lower fee than that. Big miners either have their own pool (Marathon), or most likely less than .5% for a pool fee. Oceanpool has no firmware and no firmware partnerships. So if you want to use braiins you pay 2% pool fee and 2.5% dev fee for an overall fee of 4.5%. If you want to use vnish firmware it's a 4.8% overall fee. Overclocking allows smaller miners to do significantly more hashrate with what little they have. We are able to get anywhere from 10-35% more hashrate per miner with the s19 series of miners. If you use Lincoin and cryptomine.cc firmware you pay an overall fee of 2.8%. Braiins pool/firmware is 2.5%. Ocean pool does not payout until a block is found. There is significantly more risk with this inconsistent payout model. You can go days/weeks/months without a payout if the overall pool hashrate is not high enough. A month with a payout is potentially detrimental to a small sized operation.

You think Bitcoin is slow. Wait until you try to process payments with PayPal and they hold your money for 180 days because of “suspicious activity”.

So far the 2nd quarter financial results for public miners are so beyond terrible it’s hard to even explain. RIOT: -$40M MARA: -$84M I’m removing “change in value of digital assets” to strictly highlight the operating businesses. These companies are “supposed” to be leaders. The best of the best… The small/medium sized miners are blowing them out of the water in terms of operation excellence. It’s clear as day they are going to lose. A HUGE part of the network is net unprofitable. The day they can’t raise money by diluting shareholders it’s over for them. Stay strong plebs we are going to win.

The Bitcoin mining industry is incredible resourceful and stubborn. Guys would rather invent a new way to heat their homes then turn off miners. Not a group I would bet against.

Going down the rabbit hole.

When you become a Bitcoin miner you hire ASICS to do work for you 24/7/365. They never complain or ask for days off. You can buy one of these “SUPER EMPLOYEES” for under $2,000 USD right now.

You are not taking into account who these people are. Small miners can actually afford to mine at a loss much longer than big miners. Let me explain… A typical customer of ours has 5 miners. They almost all have really good W2 jobs or other businesses that pay their bills. Physicians, software engineers, small business owners. They all make really good money and pay their hosting bills with fiat and keep all the Bitcoin. The income they make from mining is seen as an investment not earned pay my bills income. As long as you can pay your lifestyle bills it’s relatively easy to wait out the storm. They have no leverage and buy miners with cash. Again the people hosting are typically high earners. Hence why they can afford to send $10,000 worth of machines to two brothers they met on Twitter. When we first got started we had lunch with 3 people who worked at Compute North. They had just raised $350 million and basically laughed at us saying how are you guys going to compete? Well we did compete and are the ones laughing as they went bankrupt and we stayed small not taking on leverage and waited out the storm. The big guys will fall long before we do.

Bitmain has a stranglehold on the mining industry from the pool & ASIC level. They control north of 50% of asic production and very close to that at the pool level from all their proxy pools. This is a huge problem and the solutions being proposed are not very great. Hence why nobody is using them. Miners overwhelmingly want FPPS payouts. Which requires a massive reserve and balance sheet to support. Bitmain is the only game in town. If you want FPPS reserves for your pool you go to Bitmain and bend the knee. This is most likely what Braiins did when they left PPLNS. The solutions to this have been to create pools that are not FPPS. I’m sorry to break it to you developers but miners can’t stomach that level of payout volatility. If we want to dethrone Bitmain we need big money players to compete against them and FINANCE pools. Bitmain is the only player backstopping all the pools. FINANCING is a major part of the mining business and Bitmain is the only player giving it. I don’t see a scenario where mining/pools aren’t a high capex business. Nobody is talking about financing and I think it’s the missing link to the problem. All this was inspired by the latest episode of @TFTC21 with @TheBlueMatt

This block was mined by one of our customers in the great state of Iowa!

Apologies for the difficulty increase gentlemen. Check out our @upstreamdatainc LOADCENTER @robertwarren @SGBarbour

The Most Bullish Case for Bitcoin Mining You’ve Ever Heard: 🤯 Inspired by @IIICapital & @luke_broyles Currently the Bitcoin network pays out $10.7 billion in Bitcoin per year. This is the Total Addressable Market(TAM). Fast forward 20 years. The USD price per bitcoin is $10,000,000. The world has seen exponential technological and economic growth off the back of Bitcoin. I think 20 years is a reasonable timeframe. In 2000-2001 the dot com bubble was bursting. The hype had all been on the back of a technological breakthrough called the internet. As the bubble burst it didn’t change the breakthrough that was the internet and out of the ashes the most valuable companies in the world rose up. You know them as FAANG. The internet went on to become the global dominant communications and information network of the world. You don’t send very much information or communication by snail mail anymore, because you can send it instantly for virtually no cost. Sound familiar? Every single company in the world had to become an “internet business”. The ones that didn’t… we’ll they are no longer with us. Revenue From Transactions: just under 200 million wire payments per year according to Fedwire statistics. This alone would cover base layer transaction limits. I don’t think it would unreasonable for transaction fees to be $100 USD. International wire payments are already $45. The average person is unlikely to use the base layer just like they don’t use Fedwire or SWIFT today. Revenue From The Block Reward: 0.1953125(rounding to 0.19 for easy numbers) $10,000,000 *0.19 = $1,900,000 every 10 min. Revenue from fees with all blocks full at $100 per txt = $22 billion per year Revenue from block rewards $1.9 million every 10 minutes = $99.8 billion. Totaling $121.8 billion TAM 🤯 12X what it is now!

The Feds knock on your door and say: “We know you hold Bitcoin and are here to take possession of your private keys.” Shill me your funniest most sarcastic response. 😂 I’ll go first: “Yes sir, someone from your office named Billy came by last week… I turned everything over to him already.” 😂

8 sat/vB in the mempool right now… the lack of on chain activity is concerning as a miner. We need on chain activity or this whole thing falls apart. Merchant adoption to me feels like the catalyst for this.

Every Bitcoiner should run one ASIC to get a first hand feel for just how much WORK goes into proof of work.

Bitcoin is hope. To a generation that was told college was the answer to the American dream when it wasn’t. To a generation that was told to save more and work harder then we will finally be able to buy a home and start a family… we can’t afford either. Bitcoin gives this generation hope that these dreams will come true. In the face of a fiat world that will NEVER give us those same opportunities that our parents got. When I look in the eyes of my generation I see people losing hope every single day. Bitcoin is a check on the completely unfair existing fiat system. Bitcoin will succeed because it’s the only monetary system that gives the next generation hope at having the American dream.

Please continue the narrative that Bitcoin mining is ruthlessly competitive. It’s just way too hard to make money doing this… better just not even try. It sucks buying ASICS and having them roi in 18 months. It sucks being able to generate millions of dollars of revenue with literally only 1-2 people… It sucks that you can have computers do all the work for you 24/7/365 and never complain or ask for days off. What a terrible business to be in.

Miners overheating in the middle of December?

So far we have had 70+ Whatsminer M60 & M60S miners running for just over 3 months. Not a single one has needed to be touched. Out of the 5 S21’s running 2 have needed to be pulled from the rack. Call me crazy but I prefer to plug a miner in and then never touch it again.

S21 vs M60 part 2: The results are in

We are excited to announce the launch of Wilson Mining Pool! Starting fees are the lowest in the industry at 0.38%. We started this for a couple of different reasons: 1. To help the small miners like us get access to the low fees only the largest miners in the world have access to. 2. To incentivize hashrate away from Bitmain controlled pools. To be clear this is a proxy pool for SBI crypto the smallest FPPS pool in the world. We go into all the details on the podcast and don’t hold anything back about how everything works behind the scenes. Check the link below to try it out!

If you are ever feeling down about yourself remember that there is a large group of people who actually believe in XRP… 😂🤡

You wouldn’t be complaining about fees if you were mining.

LOL everyone is starting to realize how bad of a business MARA is.

Hired a new security guard to keep watch 24/7. He's become one with the miners.

Smart money is buying S19K Pros and securing hosting right now.

Everybody wants to talk about energy cost per kWh. I don’t see anyone talking about payroll/labor cost per kWh. For example if you had 1MW container and had one person run it. With a payroll of $7,000/month. The math works out to be 695,400 kWh/month at 95% uptime. $7,000/695,400 = $0.01 per kWh. In short every person required to manage 1MW of miners is roughly a whole cent added to your cost of production.

“What are you going to do if the Gov. makes Bitcoin illegal?” Ummm continue on as normal.. mining to cold storage and hodling.

If you have a tax bill just buy some Bitcoin miners. Use bonus depreciation to deduct 100% of the cost. Lower your tax bill and earn Bitcoin. The US government is incentivizing you to pay less taxes and earn more Bitcoin.

One of the most difficult parts of running a Bitcoin based business is outperforming spot Bitcoin. Is the money invested into the business going to outperform Bitcoin? The hurdle rate is extremely high. The good thing is it forces you to have highest standards which will make the business successful.

Hashrate coming online let’s go!!

“Houston the Hash Hut has landed.” - Eric Wilson

Iowa is still massively undervalued as a place to mine Bitcoin. We have some of the best wind energy resources in the country, great year around weather, plenty of rural land outside city limits, and a culture of you mind your business and I’ll mind mine.

M60 vs S21 Part 1

I have yet to come across a Bitcoin hater who ACTUALLY understands how Bitcoin works and what it represents.

I don’t understand the narrative of nation states will mine Bitcoin. 1. Why waste the time setting up all the massive infrastructure when you can just send a blank check to Coinbase. 2. Governments suck at everything they do.

Public miners are bloated and wildly unprofitable. @penny_ether is clearly very talented in finance and this thread is amazing work. A couple things really jump out to me looking at Q4 Combined Fleet 1. SG&A: costs to operate the day to day business are $0.043 kwh. To put this in comparison ours is $0.008kwh or 5.3x less. 2. SBC: stock based compensation is $0.035 kwh… you mean to tell the executives are worth the price of the energy PPA the most important part of the business. Get the fuck outta here. 3. Add those two up and you get $0.078 kWh for just the people running the business. 4. Depreciation is a bitch. A big problem that comes with being a mega miner is the resale value of the used miners. It’s pretty easy to sell used miners in small quantities getting a portion of your initial investment back. Hell you can even sell them at above market rate if they already have hosting space. How on earth are you going to sell 10’s of thousands of old gen miners? To who? Without crashing the price? I don’t know. You could buy a S19K Pro for $2,000 and sell it for $1,000 next cycle. S19j Pros are selling for 1,000-1,300 right now for our customers. 5. FCF(Free Cash Flow) Breakeven: is $0.097. You can host with us and your FCF breakeven would be $0.075. 6. Lastly, the mega miners flex their low PPAs and everyone just assumes that’s their all in cost to mine because the energy cost is basically the only cost for us plebs. THIS IS NOT TRUE. Your FCF breakeven is 23% lower than them. Hosting and small scale pleb mining is not dead.

We are officially at the top of the @braiins firmware leaderboard! S19 XP doing 1,893w (at the wall) at 103.7TH/s for an efficiency of 18.25w/TH We've had a couple s19j pro 100t's do ~27w/TH at ~120TH/s as well. However, for most of the overclocked miners we're able to get right around stock efficiency while getting anywhere from 15-35% more hashrate. The climate your miners are in matters.

Honestly shouldn’t be giving this away for free… but the mega miners think they have won. The game isn’t over yet my fellow plebs… not even close. They made a blunder in their business models. Read the full post below 👇🏻 High Quality Infrastructure & How the Small to Medium Sized Miners Win wilsonmining.io/blogs/the-pl…

The best part of the ETF approvals for me personally is how all my finance friends who hate Bitcoin have to continue down the path of denying reality or admit they were wrong lol 😂

5th generation farmers. 🚜 1st generation Bitcoin miners. #bitcoin

Starting a business in Bitcoin is the best decision we have made to date. Bitcoiners LOVE doing business with other bitcoiners. Even if you don’t have the experience or track record people in this industry will give you a chance simply because you share the values of Bitcoin. Other industries that we do business in don’t have this and it’s much harder to break into them. If you have an entrepreneurial spirit Bitcoin is the place you want to be.

The real world constraints for hashrate growth are becoming very serious in my opinion. Let me explain. If network hashrate were to grow at 40% year YOY for the next 4 years. This would put hashrate around 2,900 EH. That means between years 3 and 4 there would need to be just under 1,000 EH added in just one year... more than the entire network right now. In one year... We are going to have to compete directly with the MAG 7 companies for chips and energy now. I don't like our odds competing against them for these valuable resources. They can simply outbid us for both. Adding 1,000 EH is in insane amount of ASICs and energy. There would need to be 5,000,000 new generation 200TH ASICs consuming 3.5 kwh of power. That's 17.5 GW of low cost power. Keep in mind this is just in one year. What does this all mean for Bitcoin miners? We are going to have a really difficult time keeping up with Bitcoin price. It's well within reason we see Bitcoin price increase 40% YOY this cycle, some people would even say that's bearish lol One involves manufacturing millions of ASICs, adding gigawatts of power, transformers, containers, repair techs, etc. While moving the price of Bitcoin is as easy as clicking buttons on a computer... I don't see how we can possibly keep up. Buying $1,000 of Bitcoin versus buying $1,000,000,000 as basically the same amount of work. Move the money and click buy. This is where all the money is made mining. When hashrate cannot keep up with price. Would love to hear your thoughts, as this is something I have been thinking about A LOT.

The banking industry is doing a FANTASTIC job marketing Bitcoin! Appreciate all the hard work getting the entire country to see the value of sound money.

We are living through a time in history that will be talked about for hundreds of years. Bitcoiners will be remembered as the legends who took down the corrupt fiat system and won. What a time to be alive.

It’s amazing how little the ESG environmental types know about energy. Where did you guys get all this confidence from?

Honestly at this point from what we’ve seen at our facility Bitmain has no advantage over Whatsminer. While the Bitmain miners have better “nameplate” efficiency they have issues so much more than Whatsminers. For every Bitmain miner you buy just add $500 of repair costs to the total price. That will help give you a more realistic all in cost. Like everything there are tradeoffs but of the whatsminers that we do have hosted literally not a single one has had any problems. Better efficiency with Bitmain but more repairs and downtime. Slightly worse efficiency with Whatsminer and very little repairs and downtime.

Bitcoin pumping the same time another bank fails (FRC) has to be bullish right? Maybe the Bitcoiners aren’t that crazy after all 🤔

Climate activists who are anti nuclear are not serious people and should be treated as children who simply don’t understand how the world works yet.

How we keep our Bitcoin mine operating during a blizzard.

Where Bitmain fails, Whatsminer excels: A deep dive into the design differences between the top two ASIC manufacturers.

Reminder that the largest public miners have no competitive advantage over the small plebs. If you look at it on the surface you might think “there’s no way I can compete with them.” Look deeper at the numbers and you will realize that you actually can compete. Only the brave will try though.

Power company is just about finished bringing us 5MW lines. Should be done next week 🤞

You really thought we were all going to dox ourselves over a little threat and some paperwork… hahaha pour a drink and enjoy the win boys.

Do not take on debt to buy ASICS. You have a fixed debt payment with an asset that has nowhere near a stable income. Recipe for disaster in my opinion.

There is no place for virtue signaling in a mining operation. Ocean pool claims they want to support decentralization. However, in order to support their idea of decentralization you need to put your mining operation at a disadvantage. Which means all the miners not using Ocean pool will outpace the ones that are. Those miners will get more hashrate online which will only serve to increase centralization. The exact opposite effect Ocean is going for. No amount of politicizing, spouting off about "doing the right thing", and arguing about the technicalities will bring a meaningful amount of hashrate to the pool. No one disagrees with the decentralization mission statement. The issue is the product is inferior in every measurable way and will never be able to accomplish the goals in its current form. A product that will help accomplish your mission statement is one that helps the small miners like us compete against the biggest, most powerful, most centralized miners in the world. We have done our part to help everyday people mine Bitcoin profitably while simultaneously teaching the local community surrounding our operation about how Bitcoin benefits them. In short, do your part and help build a pool that helps the small miners like us stay competitive while also maintaining decentralization in the network.

We started mining Bitcoin to: 1. Support the network 2. DCA below spot price 3. Stack sats KYC free What got you started?

Container #3 is on the ground and there are still slots available. Should be live within 3-4 weeks.

If you are smart about depreciation you can literally build a Bitcoin cash flow machine that lasts decades.

Wilson Mining started just after the collapse of FTX. Bitcoin dropped to 16k, we made a bunch of mistakes early on that were costly. Bitcoin was dead, mining was dead, hosting was dead. Pinching myself seeing how far we’ve all come over the last couple of years.

Full walkthrough of our newest @upstreamdatainc container. - 1.2 MW - 288 miners - Ready for hosting

S/O to all the miners who persevered through this tough bear market. You made the tough but right decision to buy miners when no one else was and deserve all the upside you will get this cycle.

Our newest container has landed! - 1.2MW - Can hold 288 Whatsminers - @upstreamdatainc this beast is a work of art

Politics are a complete waste of time. Spend time learning Bitcoin instead. Where the rules are known and can’t be changed.

If you are watching the mempool fees are going nuclear. This is how little it takes for fees to spike. A first hand look at just how scarce block space really is.

The reality that most consumers don’t know is they are paying outrageous fees to swipe their card & send money every single day. The cost is charged to the merchant not the consumer. Obviously the merchant passes that cost on to the consumer. The fee is hidden… this is of course by design. Bitcoin is the opposite, consumers pay the fee. With full transparency you know exactly how much you are ACTUALLY paying.

The demand for rack space to the supply of ASICS is insane right now. In the middle of a bear market too. I can’t even imagine what things are going to look like after the halving and we go bull again. 🤯

As a small operation our operational costs, our time, and our resources need to be stretched as far as possible. That's how we remain so competitive as we can't just issue new shares and get a huge influx of cash and we can't go get traditional financing. We're completely on our own. Dealing with the shortcomings of Bitmain hardware makes us less competitive as it eats into a huge amount of our time. We spend more time on deracking miners, more time on repairs, more time on waiting for parts, more time on reracking miners. All this downtime means less money for our business. We could take advantage of Bitmain's hardware shortcomings and people's lack of knowledge about the different manufacturers and start a repair business, push for sales on miners that we know have issues, and offer hosting for them so we have a constant source of business for said repair business. OR We could just simply focus on being the best hosting operation we can be, flat out refuse to host miners that we know have issues, have no MOQ, and offer repairs/parts at cost simply to try and make customers the most amount of money possible so they stick with us long term and always come to us first when they want to continue growing their fleet. We choose to focus on being the best hosting operation. It definitely leaves some profit on the table, but it allows us to have these really unique relationships with our customers. At the end of the day, we're just Bitcoiners ourselves who made a hobby into a business.

Buying spot Bitcoin versus mining Here’s how we think about this. Buying spot BTC is much less risky. You can guarantee the amount of sats you get the second you buy. With mining you can’t guarantee your BTC payout due to network hashrate uncertainty. Mining is a superior form of dollar cost averaging(DCA). Right now with a S19k Pro at an electric rate of 7.5c you can effectively DCA at a 45% discount to buying spot. So when trying to figure out how you want to allocate your money. Ask yourself, how much am I comfortable DCAing per month? Then it’s easy to figure out how many miners you need to support that. Let’s say you were comfortable DCAing $300 per month. Working backwards that works out to 2 S19K Pros. You pay $300 per month for hosting and get $550 in BTC, a 45% discount at current hashrate and profitability levels. If you have a decent job $300/month is very manageable. You then take bigger chunks of money. Let’s say you got a $5-10k bonus. You take that money and just buy spot BTC and lock up your sats for good with no risk. All while automatically having your miners DCAing for you. Everyone’s situation is different but when thinking about your BTC portfolio having exposer to both makes a lot of sense.

The Plebs hosting S19K Pros at 8c kWh with us have a lower all in cost of production than Marathon, Cipher, & Bitfarms right now. $19,711 all in for the plebs. Bitfarms: $22,436 Cipher: $20,435 Marathon: $23,004 Data from @cazenove_uk

2nd container is on the ground!

When people ask “how do you know there will only be 21 million Bitcoin?”. Show them the code.

We happen to know EXACTLY where this one in particular is going 😏

Miners will care about block template creation when fees are sky high and blockspace is in extreme demand. If nothing else for self interest to include their own transactions. With blockspace being basically free nobody gives a fuck is the reality. That being said starting to learn StratumV2 or Oceans DATUM make sense so when the time comes you are ready and able to capitalize.

Building the @blocks MDK Kit

Our @upstreamdatainc Hash Hut is almost complete! Here is a couple of photos of what it will look like.

Every Bitcoin mining “analyst”. The guys who analyze public miners has literally no clue what they are taking about when it comes to valuing the success of a Bitcoin mining business. All the KPIs they make up are completely irrelevant and easy to game. Go read the actual financial statements. You will get a much better understanding of the money burning businesses that is public Bitcoin miners.

How to live a good life in 2023: 1. Work in Bitcoin not crypto 2. Orange pill your loved ones 3. Eat whole foods and exercise daily 4. Make friends with fellow bitcoiners Simple really

Participate in the Bitcoin network. Run a node, buy a miner, shop with companies that accept Bitcoin. Be a part of the community, make new friends, start new Bitcoin based businesses. In my opinion this is what it’s all about.

Miners are a great way to reduce your tax bill at the end of the year. You can depreciate 100% the first year and wipe out your tax bill nice and easy.

Check this out! Pretty cool if you ask me.

So far we are very happy with the WhatsMiner M60’s we have running. You plug them in, don’t touch them and go about your day.

Be honest. Who has turned their miners off and who is powering through?

The WHOLE system is a Ponzi guys. With that being said this is a good opportunity to do some orange pilling. Bitcoin literally fixes this.

Had a blast showing the facility to one of our customers @theGianMendoza We are always happy to show customers where their miners are plugged in.

Modeling ASIC Returns Based on Hashprice Averages: The Most Accurate Way to Predict ASIC Returns Historically, right now is the best time to be buying ASICs. Hashprice is hovering around all time lows and profits are slim. Because of the current conditions, it can be very difficult to make the investment into new ASICs. For those that don’t know hashprice is the revenue we miners are paid per TH of compute per day. Hashprice takes the Bitcoin price, current difficulty, and transaction fees and combines them all into a nice easy number. As miners hashprice is the metric we care the most about. For example hashprice is $0.058 per TH per day. So one Whatsminer M60 170T would earn 170 x 0.058 = $9.86 per day in revenue. When you run your numbers based on today's hashprice they quite frankly don’t look that great. But that really isn’t the right way to think about modeling out the ROI on your ASIC investment. Let me explain. When you model your projections based on current hashprice and profitability numbers you are taking a small snapshot and projecting it out for multiple years. This will never give you anything close to an accurate model of your returns. Instead you want to be taking the average hashprice of multiple years. Similar to how you wouldn’t model out your Bitcoin returns based on one day of profit or lose. The same principles apply to mining. So let's take a look at some hashprice averages over a 4, 3, 2, 1 year timeframe. 4 year average: $0.15 TH/Day 3 year average: $0.14 TH/Day 2 year average: $0.079 TH/Day 1 year average: $0.079 TH/Day With these averages in mind you can make a much more accurate ROI model. Let’s model a real world example. If you were to buy one Whatsminer M60 170T ASIC and host it with us using the 1 & 2 year average of $0.079 TH/Day the numbers are as follows: 170 x 0.079 = $13.43/Day in revenue $13.43/Day - $5.52/Day in hosting at 7.5c kwh = $7.91/Day in profit ASIC purchase price of $4,200/$7.91 = 531 day payback or 17.4 months As you can see these numbers look much better and will also be much more accurate. To make a projection for the coming 4 year average I would take the 3 & 4 year averages and mark them down 20-25% due to ASIC efficiency gains. That would give us a projected 4 year average of between $0.11 TH/Day and $0.10 TH/Day hashprice average. Let’s look at the returns at both $0.079 hashprice average over 4 years and $0.11 and get our estimated returns for the lifespan of the ASIC assuming $4,200 initial investment into the ASIC. $0.079 hashprice = $7.91/Day Profit x 1,460 days(4 years) = $11,548.60 ROI: 174.97%; Annualized ROI: 28.77% $0.11 hashprice = $13.18/Day Profit x 1,460 days(4 years) = $19,242.80 ROI: 358.16%; Annualized ROI: 46.30% These returns don’t take into account Bitcoin price appreciation which is sure to happen over 4 years. So if you are HODLing the profits of your mined Bitcoin the returns increase even greater. This is how we think about making investments into ASICs at Wilson Mining, I hope this helps you think about things more clearly and with better data. If you have specific questions please feel free to respond to this or message me on Telegram: @steven_wilsonmining or email: hosting@wilsonmining.io

New week new update! Getting real close. Should be energized by early next week. Just waiting on the container from @upstreamdatainc which should be shipped this week

BTC maxis may come off as harsh sometimes. But what do you expect from us? We’re screaming at you to not get scammed and everyone yells at us while getting scammed…? We are not the enemy.

This sounds pretty far fetched right now. But then again 4 years ago having politicians even say the word Bitcoin was far fetched.

Newest member to the team.

Never buy miners without a place to plug them in. Rack space is hard to come by right now. Don’t assume that just because you have miners there will be a place to plug them in with competitive power rates.

We have been accepting credit card payments on @Square for hosting bills and Bitcoin miners since Jan. 2023. I am 100% positive we were the first hosting company to do so. We explained the hosting business model and why there is very little risk of a chargeback for Bitcoin miners hosted at a third party facility 2.5 years ago. As expected we have had 0 chargebacks to date in an industry that was and still is considered "high risk". Our customers have been leveraging new credit cards with 0% interest for the first 18 months to buy miners for years now. A nice little hack if you want free financing.

Does anyone know who the largest Bitcoin holder is? Not including Satoshi.

Reviewing the @upstreamdatainc 900kw V2 Hash Hut.