I tried this on Twitter before and I'm pretty sure the algorithm suppressed it and also that reputation means more here than on the bird app, so here it goes:

I am a Bitcoin miner since 2017 starting small and always growing slowly as opportunities arose. In early 2020 right before the lockdowns I co-founded a company with two other people experienced at raising capital because I wanted to mine at larger scale and of course get more Bitcoin. We spent over a year raising money on Zoom calls in an environment where everyone was freaking out about committing capital.

What I learned through this process is that the venture capital world is mostly full of awful people who only think in dollars and can't wait to tell you how to compromise your vision and bend the knee to what the hot idea of the moment is. In our case, it was eTheReUm mining because the risk was considered lower because of all of those cheap GPU's and a large supplier willing to discount them even more for a part of the deal.

Long story short, I was out voted by my fiat partners and the VC's and decided to leave the company. I ended up working on some gas flare mining in Wyoming and then an on grid project in Missouri where we helped some Chinese miners escape. While much smaller, these projects were a lot more fun.

So, with some context and history out of the way, here is the pitch. I have a couple of sites in Missouri and Texas with a lot of available power. Everything I personally have is in Bitcoin and one of these sites. I would like to build them and am open to hosting, however I want to do this with real Bitcoiners who share my beliefs about how important it is and want to have fun and earn some corn along the way. The sites require transformers and other electrical infrastructure which is not cheap. I don't have a plan beyond having the energy and the experience to build and run it and I'm genuinely curious how many of you would participate in something like this if given the chance? I'm happy to have this conversation publicly and also in DM's if you need to send something privately.

If all of this sounds sketchy or too shitcoiner, I would like that feedback as well. I see Foundry's hashrate going through the roof and I have no idea how smaller miners committed to Bitcoin can help to protect the network without joining forces.

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What is the power rate at one of your facilities?

Between $0.058-$0.062 per kWh.

What is the fuel of the power? NG/ Hydro / grid?

I work with fiat people now in power/battery development

In both cases the fuel is reliable dirty coal. The rate will be between $0.058 - $0.062 per kWh depending on the size and deal with utility and landowners.

will you have to file a interconnection study and all that stuff?

No that's done in Missouri and Texas. Missouri has no regulations at all beyond the substation.

That is great. Keep going figure out how much the transformer + plus other development costs will be. Estimates ok. putting the #'s out there and having them handy is important. You can find partners no doubt.

How bitcoin pure is a question, nothing perfect, but you will get closer over time.

I have all of the numbers. Finding partners isn’t the issue, it’s finding good partners.

Some people that would consider themselves good partners and solid bitcoiners will say they don't wanna participate in a development that has the risk you are exposed to with being grid connected and dependent for power.

Generation on site and unconnected to grid is something I would demand if I had a networth above 100 bitcoin

I'm not saying that as criticism of you. Your plan seems great and I admire it. Just reality that some compromise is always present even if we are working to avoid it as much as possible.

True. I’m willing to compromise, just not my integrity.

I don’t disagree with your point, however I have a good relationship with the utility and having done this on and off grid, I prefer to be closer to civilization for my day to day work. At the end of the day, Bitcoin mining is all risk if you are spending dollars for infrastructure that could have gone directly into Bitcoin.

ya. I'm on same page as you. Now seems like a good time to make the bet though with low mining equipment costs. You don't want to be buying mining equipment when this orange line is high in my opinion.

https://void.cat/d/LXGvAnhKNrfm3dZcGVJ83r.webp

There is a lot of acreage at both sites for solar, etc.

what is the timber production like?

Solar is for tax-credit fiends is my observation. Working with some of those people now. They are making bank at it, but not gonna be my future and I don't think it is very "sustainable" like they pretend it is.

There is timber in Missouri but that is owned by the land owner.

I’ve also looked at doing immersion and reusing the heat for greenhouse, etc.