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Replying to Avatar Byzantine

key to being a sat stacking miner that lasts more than one cycle:

1. Pay USD for miners (or spend and replace immediately)

2. Set aside the year of electricity in USD prior to mining

3. Buy half as many miners as you need but allocate the entire electricity cost to avoid forced selling of equipment or btc

4. During bull markets +50% appreciation or more sell bitcoin to pay for electricity

5. During bear markets use your cash reserve to pay for electricity

6. Never pay more than $50/Ths and aim for less than $30/Ths

7. Use 15% of cash reserve to buy miners when less than $20/Ths

8. Underclock miners as often as possible to maximize electrical efficiency

9. Never take on debt or use interest accounts for your btc

10. Place 20% of your btc earnings into a routing lightning node and become skilled at operating

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Aurelius 2y ago

Good points. I’d like to see a similar list outlining your thought process about when to buy spot vs when to buy a miner

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Byzantine 2y ago

imho only buy spot if able to do it kyc free. otherwise always mine

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