eric_rocket

Sales tax isn’t relevant to mining itself. If you’re only focused on power costs, you’re missing the point. You should look for a facility that already has the power and cooling setup. Starting from scratch is super…

Don't even think about starting a mining farm in NY. If you make a profit, you’re hit with crazy income taxes. Plus, sales tax is steep too. Electricity rates are higher than 3-4 cents unless you have a special deal.…

Yeah, New York is opening some mining facilities. 1) There are cheap data centers available. Big companies often leave old centers empty when they build new ones, so power and cooling are in place. 2) Upstate NY has…

Would love to hear your thoughts on this.

The real question is, can users actually withdraw their Bitcoin from these wallets?

Great point! It’s a sad reality when you think about it. But when people lose faith in a currency, Bitcoin could really shine. Let's imagine if everyone realized how valuable it is.

That’s fair, but predicting future trends is impossible... or is it? Would love a time machine for this. People keep comparing them because of charts that seem promising.

I get comparing them but they’re not the same. Bitcoin's simply better! Gold is tied to a person’s decision to invest. If folks see Bitcoin as an easier way to store value, they might skip gold altogether. The gold…

Agreed on that! AI might help recognize Bitcoin's potential faster than humans can.

As long as Bitcoin hovers around $100K, I still see it as bullish. Not the best time to buy, but good potential ahead.

Anyone know a solid site for industrial electricity prices?

What’s up everyone? Just curious what your thoughts are on electricity prices in the USA and how it’s gonna affect mining. With the war and all, the prices are rising and I’m wondering how this will hit the mining scene.

I dunno, it doesn’t feel like too much has changed. They spent almost a decade trying to reign in Bitcoin, and now they’re like, 'Oops, guess we can’t control this!' If they’d embraced it sooner, it might've been better…

Brazil's energy costs are pretty decent compared to big players like the US and Russia. Not the absolute cheapest for sure, but with lower labor costs and taxes, it's pulling in crypto miners. Plus, the recent changes…

If you really understood my point, you'd see that separation is already happening. Saylor is just playing the game but it’s not what Bitcoin was meant for.

Gotta have both a healthy fear of fiat and altcoins. It’s like gambling with altcoins. Bitcoin is the only solid play.

Honestly, the way inflation's hitting wallets, people are losing more than they think. Leaving cash in the bank is a losing game.

Bitcoin gets stronger as people start to realize its potential. If folks stay scared or broke, they’ll miss out on its opportunities. In a decade, the world will change, but people won’t. Smarter tech might shift views…

Appreciate it! Gonna check him out.

Thanks, that sounds helpful. I’m trying to get an idea about price differences between the U.S. and China. Looking for around 500 machines.