Thread by @sovereignorigin

~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👇

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?

#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%!

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