The price is at $108K and everyone is just acting like this is normal. How high will we have to go before we start seeing crazy fomo? Is that a thing of the past? It seems like everyone has just accepted that Bitcoin is going very high and they can’t afford one. Unit bias really has been Bitcoin’s biggest enemy for adoption.
real fomo starts when and if you can mine at home and turn profit.
Most runs 2013 2017 2021 it was possible to mine at home and make money.
Look at this sale I am doing
https://www.ebay.com/itm/156984520065I sold 1 piece to a guy with 8 cent power at his home he clears around 75 dollars a month after power bill and it would be paid off in about 2 years.
Fomo would be very strong if a guy with 20 cent power could clear 75 dollars a month on it.
fast math is as follows.
100th at 5.9 cents is 5.9 a day
50kwatts at 8 cents is 4.0 a day about 1.9 a day or 57 a month for an 8 cent guy.
100th at 12 cents a day 12 bucks in earnings
50 kwatts at 20 cents is 10 dollars a day or 2 a day 60 a month.
this means you need close to 200k for full out retail fomo as it would make sense to mine at 20 or less power.
you can get in of BTC for cheap ie buy the miner from me at 1776 or a bit less.
so we are far from real retail fomo 200k or more is the number.
Man am I jealous. The electricity prices are so high where I live that there is no profit in mining Bitcoin. >27 Cents/KWH.
so for you fomo and buy a miner you need 15 cents a th.
my miner on ebay can do 100 th as it is down clocked to 100th.
it burns about 1850 watts or 1.85x24=44.4
so 44.4x.27=11.988 12 dollars
so 100x.15=15 dollars earnings
and 12 burned
that is three dollars profit.
so for 15 cents a th we need 15/6=2.5 factor of todays price
or 2.5x111,111=277,777.5
that would be fomo price for a 27 cent power guy.
or like I said 190-200k gets the 20 cent guy to fully fomo on mining gear.
i like to clock the prices of bitmains best air cooled single phase air cooled miner.
that would be the s21xp
it was around 6700 moved to 7700 and is now 6400
from oct 2024 to july 2025 that has been the range of price.
it factors in worlds hash rates and profits for mining in general.
from the viewpoint of a home miner
the viewpoint of a small commercial
the viewpoint of a medium commercial
the viewpoint of a large commercial
we have been all bull for medium and large since last fall actually even earlier.
but the true fomo holy shit has not happened at all since the
100k to 110k trench developed
nice to see 111-112 yesterday maybe we can get a better breakout say 120-125k slot for. few months.