~3 months until ROI at current rates!

Shorting the ETH-BTC pair with @NiceHashMining, DCA into #bitcoin with a 6-GPU home #SolarPower setup.

The $BTC price has continued to evade my ROI price target, which decreases with increased revenues.

🧵with data👇 Image
Cost basis, inc. all energy costs & #Solar.

Winter dip passed and energy-based price discounts are back up to ~50%.

Average discount on market price since May '21 has been ~60%, with an average cost basis of around 15,000.- EUR/BTC.

Wish you could buy #bitcoin at that price? Image
#ROI over over time: I'm HODL'ing, while currently, the SODL approach would have been in my favor. Zoom out 😉
#BTC ROI is most relevant, i.e. "how much BTC could I have purchased in May '21, instead of the miner, and how far along am I in mining that amount of BTC" -> 78%! Image
The early >1%/day peaks originate from the price rush in May '21, plus the fact I built up my GPU stack over time (see drops in the BTC ROI curve).

My final setup is a 6-GPU rig with ~350 MH/s on Ethash, stable since Oct '21.
Of course, there are risks involved in mining at home.

1) Profitability fluctuations & ETH merge into a true shitcoin with PoS. Zoom out, but it's a priority to ROI in BTC terms asap.
2) Energy market in EU. I get a new contract next month, net price goes up about 5x.
3) Fire?
On #2: note it is possible to switch to @solarpower mining only as @thetrocro suggests to offsite our #HODL footprint. Where I live, that would give about 5x less revenue.

For now, I stick to 100% green contracts anyway, but with my own solar, I'm sure of the energy mix.
Like what you see? Ask questions, like & RT, let me know what kind of info you'd like to see about mining @ home...

#HODL

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More from @sovereignorigin

Feb 22
I present the #SuperHodl automated savings protocol using #bitcoin on @SovrynBTC 0% BTC-collateralized loans, lending pool and spot market products (not released yet).

Collateral ratio can be showed safe against backtesting.

Multiply your BTC over time!

Tagging @EdanYago

🧵👇 Image
Each data point here shows a different starting point in BTC's history, starting around 8 years ago and taking 50 steps in history incrementally, every time running a shorter and shorter period.

The blue line shows the BTC gains over that period.
The algorithm takes your stash, 0%-loans USD against it, and splits it up in margin BTC buys & lending pool deposit. Then, as price changes (daily in current algo), it decides on paying back the loan to keep CR within a safe zone (price drops), or buying more BTC (rising price).
Read 8 tweets

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