Quote from: Coinfarm ventures on Today at 02:17:31 AM

Quote from: mikeywith on Today at 12:25:13 AM

back to 30k as I type, but I agree, I think a correction of some type is about to happen, maybe sub 40k is possible before one last leg down and then a few months of side ways between 20k to 30k seems very reasonable at least based on previous cycles, no new ATH for at least a year from now.

I agree that this is the most likely scenario. According to the HODL price model (just because it was correct so far doesn't mean it is a crystal ball), we've already crossed the lower boundary. We could stay below that yellow line for a few months, but not for 1-2 years. My prediction is just a little higher than yours. I think we'll have a ~$30k crab market for the rest of the year.

Quote from: mikeywith on Today at 12:25:13 AM

Too complicated for me to understand, U.S style of capitalism shit is just so complicated, so much money is created out of thin air, inflates everything around it, and a few people get to convert that shit into real-world assets, creating massive inflation,then sell the top to the med class and poor people, reck the market, buy cheap, rinse and repeat.

Eventually, those large crops might get to the point where they have to declare bankruptcy, while they might still function as per your explanation, good luck finding anyone to invest their money with large mining crops.

Great job summing it up accurately in just 1 sentence. It's not even 'capitalism' anymore. The U.S. economy should be called 'cronyism' or 'corporatism'. I had to spend weeks researching the tax code, watching videos and talking to accountants to figure out the tricks that the rich use. These tricks are important because they can lead to 20%+ more profit or 10-20% cheaper capital cost.

It doesn't matter to us smaller miners whether Marathon stock goes down 70% or Whitstone declares bankruptcy. The only thing that matters is the price of ASICs and network difficulty. The corporate equipment will keep mining, regardless of who owns it, and network difficulty won't go down by much unless BTC goes < $15k for months.

If they can barely pay their operating costs, why would they sell the miners and then owe income tax for depreciation recapture? They paid $6000 for an Antminer S19 and wrote it off, it's worth $2000 now, so they have to cough up $420 to the Feds, even though that S19 is making just $3/day of profit. It'll take them 6 months to even afford the tax bill if they sold it. I doubt they would sell the miners even if BTC is $8k. They'd probably seal the warehouse like an Egyptian mummy tomb, hoping for BTC price to rebound.

Many of these corp-o-mines, especially the U.S ones, don't even sell the coin. They HODL it. So they aren't motivated by short-term profit.

Yeah if you are lucky enough to get 300-400k worth of gear at good power and stable price for the power .

You can make a living for 3 or 4 guys but you are by no means big.

Our solar will anchor power costs but it will still be limited as we are just about at 450kwatts which is 75kwatts 24/7/365

We found a new site with about 25,000 square feet of roof. and 5 empty acres for possible ground mounts.

if it works out maybe this site will allow for 200kwatt on roof and 500kwatt on ground

which is about 116kwatts 24/7/365 time will tell.

it is a battle to get good sites.