Thread by @Melt_Dem

1/ time for my monthly #Bitcoin mining update 🚀

i'm 90 days into my experiment, and i've mined 0.05 bitcoin.

let's run the numbers, fam 👋🏾

(i use @compass_mining to source hardware + manage ops, but make this report myself)

2/ in case you missed it, last months update covered each line item in great detail. i'll keep this update a little shorter since many of the line items haven't changed much.

https://twitter.com/Melt_Dem/status/1377770319449055233?s=20

3/ bitcoin mined - 86% of bitcoin mined to date is block rewards, 14% is transaction fees (up from 12% last month)

hardware - the market for mining equipment continues to be incredibly supply constrained, semiconductor shortages are everywhere in crypto compute

4/ opex - my miner uses ~3.25 kw / hr for 90 days = 7020 kwh at $0.06 / kwh (all costs included!)

carbon offset - optional, i used the @EPA calculator which says 7020 kwh of US power generation = 5 tons CO2

i also like this bitcoin emissions calculator: netpositive.money/calculator/

5/ carbon offsets were purchased from @goldstandard, @VerraStandards is also good

i'm working on sourcing offsets generated within the bitcoin industry. @CrusoeEnergy is doing a great job here, as is @MintGreenHQ (i'm an investor).

circular crypto economy ftw

6/ every week, like clockwork, my bitcoin gets paid out to my @bluewalletio and when enough accumulates, i send it to my @CasaHODL multi-sig for long-term HODLing

loving my experience mining, and @compass_mining makes it so easy

7/ disclosure: i'm an investor in @compass_mining & @MintGreenHQ via @CoinSharesCo Ventures & my personal holdco. i'm an investor + advisor @CasaHODL.

this isn't financial advice. DYOR.

mine bitcoin. run a node. donate to bitcoin core devs. stack sats.