Stack Sats

#Bitcoin
Stack Sats

[The ₿itcoin Therapist @TheBTCTherapist]

This alone could send #Bitcoin to $1M.

@aantonop nearly 8 years ago 🤯

[Pastor Coin @pastorcoin]

So the government can print money and never has to pay it back.

The banks can create money and loan it to you to buy a house, and you have to pay it back with interest.

But if you print money, thats illegal, its counterfeiting... If you print money the government will pay armed thugs with the money THEY printed to lock you in a cage. They will take the money they printed and use it to pay for that cage and to pay more armed thugs to keep you in that cage and they will also pay for your food too. ALL WITH MONEY THEY PRINTED!

They will do all this to you, because you printed money they didn't authorize you to print. Only THEY can print money!

Do you see how perniciously unjust and evil the entire fiat system is??? How can a Christian not oppose such an unGodly and anti-Christ financial system???

There is a better way, a more honest way.... #Bitcoin.

[unusual_whales @unusual_whales]

Last week, Senator Thomas Carper bought 30k in $PSQ, an ultrashort $QQQ index.

He has been in office for 40 years and shorted US markets many times.

In that time he became a multimillionaire multiple times.

In fact, he is one of the Congress traders.

Seriously take a look:

[Richard Dawkins @RichardDawkins]

Sex is clearly binary, declaring oneself to be otherwise is a distortion of reality. #Gender #Science #PoetryOfReality

[James | Freedom Files @freedomfiles_]

before i die, i HAVE to visit these 20 places in the world

1. victoria falls 🇻🇪

[Rune Østgård @enur72]

Today I will explain one of the most powerful graphs you will ever see in your whole life.

But before we look at the graph, I can mention that about 60% of Americans invest in stocks and about 50% of Norwegians invest in securities funds.

Few know that the value of their investments in stocks isn't able to keep pace with the money's reduction in purchasing power over a longer period of time, when measured against all types of economic goods.

The reason is that few understand the effect of monetary policy and that their investments compete with an inflation of the money supply which is roughly on average 7% per year, both in the US and in Norway.

The red line in the graph refers to the official M2 money supply (Norwegian kroner).

The dark blue line is the Oslo Stock Exchange's main index. This includes dividends paid to the shareholders.

As you can see the stock index isn't able to keep up with the rate of the money printing.

You get about the same results with USD and the S&P 500 index.

The dark blue line isn't adjusted for capital gains tax. The more money that is printed, the more the price of the stocks will rise and the more you will have to pay in capital gains tax.

Neither is it adjusted for management fees. Investopedia says that "Management fees can range from as low as 0.10% to more than 2%".

When you take capital gains tax and management costs into account, it's very, very few who can beat the 7% rate of increase in the money supply.

That's why professional traders "gear" their stock investments by borrowing money so they can double or triple the investment and their profits, as they go in and out of stocks.

Access to cheap credit and understanding how the stock market works makes it possible for them to beat the index.

It's the same with large corporations who invest in real estate, factories and other forms of capital. They use cheap credit to make a profit.

The yellow line is the price of physical gold. It has performed just slightly below stocks. When you take into account that the risk associated with buying gold is lower than the risk associated with buying stocks, it looks like gold has been a better investment than stocks.

Many people believe they are saving when they buy a house that they can live in. The green line shows that the nominal price of average homes in Norway cannot at all keep up with the rate of money printing. Norwegian households are more indebted than in any other countries, because they have bought into the idea that buying a house is saving, which it in general clearly isn't.

The light blue line at the bottom of the graph is CPI, the Consumer Price Index. This is important, because wages are adjusted by CPI, give or take a few percentage points. The devopment of wages is far, far lower than the rate of money printing as well as the stock market index, gold and homes. This means, for instance, that buying a home becomes more and more costly for wage earners as time goes by.

But this is how the monetary policy works. The few who gain from money printing have to make someone pay for it. And this group is the wage earners, ordinary workers like you and me.

Roughly speaking it's the government and the wealthiest 1% of the people who benefit from the money printing. A few more manage to preserve the value of their savings by taking risks and investing their earnings in securities.

The overwhelming majority lose out. We are the ones who finance what the 1-percenters and the government earns from the system.

This is also what explains the ever increasing wealth gap and concentration of economic resources on fewer and fewer hands.

Without this redistributive effect, the government wouldn't bother to have a monetary policy based on inflating the money supply.

Perhaps you now begin to understand that it's no coincidence that those who wake up to this reality become interested in gold and #Bitcoin

[Rolf V @rolfversluis]

Our 2.1 MW Bitcoin mining facility is currently shut down, and getting questions on why that is.

It has to do with the cyclical Bitcoin mining philosophy I developed since beginning with a single Antminer S-7 in 2016.

The best time to make money in Bitcoin mining is when the price is going up faster than the mining machines can be brought online. This capability gap usually lasts for 6-12 months, and is when the most profits are made.

The trick is, you have to have miners running to take advantage of it, because it takes about a year to bring a facility online.

In 2019, we bought used Antminer S9 and L3+ from brokers for between $50 and $100 each. We caught the Litecoin then the Bitcoin price rise, quickly paid back the purchase price, then kept on mining until 2022 when the profitability finally went negative on those machines.

Want to do the same thing on the next cycle, but there is a problem. The problem is that the numbers are not working for me right now.

I can fit about 600 S19's at our facility. That's $600,000 of machines. Right now each machine grosses about $7 revenue with $5 electric cost per machine, for a net of $2 per day. That's $36,000 per month net profit.

At current conditions of BTC price and hash rate, that is a 17 months payback. But the block reward gets cut in half in 8 months. Everything else being equal, after the halving that's a $2 per miner loss per day.

That's right, spend $600k now, and next year lose $36k per month.

Unless Bitcoin doubles in price, and hash rate stays the same, in which case it is still $2 per day per machine. If everything else stayed the same, would earn back that initial $600k in profits in 34 months, or 3 years.

But hash rate is going to keep going up. If hash rate doubles in the next 3 years, to keep the same $2 per day, Bitcoin needs to 4x in price. If Bitcoin is going to 4x in price, I am better off spending $600k on Bitcoin right now!

If the Bitcoin price goes down, in the next 12 months will be able to buy used S19's for less than $200 each. Will be able to fill the facility for $120k, get them paid back in 6 months, and run them at a profit until the next halving.

If Bitcoin goes up in price significantly, miner price will go up, will be priced out of buying used machines, but will get a lot of calls from people that will want to buy the facility to plug in their pallets of mining machines. Should be able to sell the facility at a good price.

If Bitcoin stays around $30k, the bottom half of the Bitcoin mining facilities from a profit standpoint will run out of reserves after mining at a loss for 6-12 months. Again, will be able to buy used machines for less than $200 each.

That's why we're not in a hurry to either fill or sell the facility. Going to wait and let the Bitcoin price and hashrate markets provide the direction.

[Rev.Hodl @HodlRev]

Bitcoin Mining Clothes Dryer. Using a Bitcoin miner instead of the heating element to dry laundry. Less than $100 in materials this dryer pays back sats for the power it uses to dry. Follow on nostr for more details. npub1f5pre6wl6ad87vr4hr5wppqq30sh58m4p33mthnjreh03qadcajs7gwt3z

[Stack Sats @StackSats21]

@lenovo_UKI @F1 Sainz won 🏎️❤️

[Lenovo UK & Ireland @lenovo_UKI]

🚨GIVEAWAY🚨

We’re teaming up with @F1® to give away 2 VIP tickets for the ETIHAD ABU DHABI GRAND PRIX, 2023! 🥳

What you need to do?
✅ Follow @lenovo_UKI & @F1
🔄Retweet this post
💬 Comment who won last year's Lenovo British GP?
🔗 T&C’s - https://t.co/XFw91RgS2G

[krus🪖 @krus_chiki]

I think Tintin is one of the few works of art that I consider to be absolutely flawless. from the characters, to the art and colors, to the story, it’s all absolutely perfect

[Fiorella Isabel @FiorellaIsabelM]

As an American I can attest that what this man says about the US is true. Especially the selling of a reality that isn’t real back home. I can also attest what he says about Russia’s growth. The west is in decline and Russia came from decline and is on an upward climb.

[JP Watts ai/acc @JPWatts_Mining]

If you're planning to start a small to mid-size #Bitcoin mining operation pay special attention to this list.

These skills needs to be learned, hired out or automated. Fail and you increase the risk of losing #Bitcoin in the long run.

The Nine Critical Mining Skills ⚒️ 👇

[unusual_whales @unusual_whales]

BREAKING: Seth Moulton, a US Representative from Massachusetts, sold $250,000 of $ATVI, Activision, on June 13th.

Later that exact day, the $ATVI and $MSFT acquisition was blocked by the US FTC.

[Philip D'Ath @philip_dath]

Have you ever wanted to setup your own private #Bitcoin solo pool at home? You are in luck! This video will walk you through how to setup ckpool (by @ckpooldev) on Ubuntu 22.04

https://t.co/QngXbFluZh

[Balaji @balajis]

If 2016 was the first Twitter election, 2024 may be the first Bitcoin election.

[The Cultural Tutor @culturaltutor]

The most interesting Roman isn't a philosopher like Marcus Aurelius or a conqueror like Julius Caesar.

It's Pliny the Younger, who was... a normal person.

Here are some highlights from the wit & wisdom of his letters. They're 2,000 years old, but they haven't aged a day:

[Wars @wars]

United States Soldiers smoking weed out of shotgun in Vietnam

[Rapha Zagury @RaphaZagury]

Nakamoto Portfolio Theory
-----------------------------
Bitcoin Valuation based on Fixed Income

Inspired by @fossGregfoss's work, we'll explore how to estimate the value of Bitcoin using credit default swaps (CDS) as fiat insurance.

You know... "for the kids".
1/n

[Jack Mallers @jackmallers]

#Bitcoin & The Lightning Network:

A Public Good For Americans, A Strategic Opportunity For The U.S.

I present to our Nation's capital today at 1:35pm EST

The US must harness - not reject - the promising new technology that is #Bitcoin