If CLARITY fails, there will be a blitz at the state level to regulate Bitcoin and digital assets.
Most states have been holding off because of the federal effort. If CLARITY fails, it could take up to a decade for another real shot at the federal level.
States won’t wait.
I've got 15 ASIC miners that are no longer profitable to run sitting next to me right now, pulled back from hosting companies I still work with. And I had to make a real decision on what to do with them. I think every fellow ASIC miner runs into this at one point or another.
Here's the thing about mining through a market like this: you end up holding old hardware and only really have 3 options.
1️⃣ Shelf them and hope the market turns hard enough one day to make powering them back on worth it.
2️⃣ Sell them on eBay for pennies on the dollar and just be done with it.
3️⃣ Find them a real home where they can still earn something. This is the hardest one!
I've done #1 and #2 plenty of times. This time I'm trying something different: sending a batch of them, L7s, S19J Pros, some Avalons, and S19K Pros to Bear Market Mining @bmm_hosting
Here's how it works with Bear Market Mining:
It's a profit share hosting model, not a flat rate deal. They take the electric cost straight out of what the miner earns, and whatever's left over gets split 50/50 with you. Their effective rate works out to $0.058/kWh, which is way below what most traditional hosting companies charge. They are fully transparent and offer you full reporting with all the details.
Is there going to be a ton of profit left after the split? Probably not much. But compare that to a miner sitting powered off on a shelf collecting dust, or getting sold for $50-150 on the secondary market, this is a way better outcome for end-of-life hardware.
Lesson learned on my end too: hardware arbitrage is real. Sell your miners when they're at peak value, not after they've already bled out. I sat on too many of these too long, and that's on me. If you buy a Z15 Pro today and it's worth $14k in 3 months, sell it. Don't get attached!
But for those of you sitting on old units that aren't worth running or selling for scrap, check out @bmm_hosting . Run by @Benjami55453544 , a guy I trust and have visited in person multiple times down in Arkansas.
Checkout Bear Market Mining ➡ https://t.co/bWS12Y3yDA
E-mail Ben to Learn More ➡ [email protected]
@bh30317 Can’t agree with you more here as an owner of a medium size farm I’m seeing demand for the little guy increase and the big boys walking away. I love it because that means more sats for us.
Cheap power means nothing if your miners are sitting offline.
Good hosting is about:
1) Power
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3) Maintenance
4) Security
5) Uptime
The goal is simple:
Your ASICs hash.
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@bmm_hosting shout out to all my #BTC miners that got priced out by the high hosting prices and low market prices. Host with us on a profit share model at $0.058kwh. Send us your S19 Kpros and Xp’s we can make you profitable again. https://t.co/c0vWmyDS80