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10 sats \ 5 replies \ @sadfsdf 23 May 2023 \ on: Have you used hodl hodl for borrowing against your stack for mining? bitcoin
It depends what is your trading plan. You could just DCA dips and hodl for the bitcoin standard. In terms of mining you sound like you have done your research so gathering bitcoins through means as a business. You will run into a few problems depending where you live. The best is to study renewable with mining as that is taking over. If you can afford to lend out your bitcoins for different types of high yield. You have to make sure the yield makes sense and is actually verifiable especially over the internet. FTX fell for high yield highly leveraged. =] Wish you luck!
Hey thanks for taking the time to write. I live in Argentina and I am currently maxing out utility meters at a residential or SOHO level moving to SMB meters as well and leverage some tax deductions (politely dodging them I would say).
So its not exactly DCA I call it UCA, utility cost averaging. At a residential level you can pay rates that about now are between 2.5 and 3.5 cents per kWh. Legaly for now if you don't get past the 10kW peak demand for more than 15 minutes you can manage with a three phase connection.
My goal mid term is to run an operation southern than I am right now and mine using flare, just Vaca Muerta region has 308 TCF of gas reserves. That is a shitload of gas. There is plenty oilfields in Patagonia, conventional and non conventional. 99% of gas is being flared.
The only way I found to mine as a bitcoin centrix ROI strategy is to assume a risk collaterlizing stack and minimize the sat/Ths hardware and infrastructure cost. Of course.. you can't do this during a bullrun.
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You can always add collateral
And the good thing is that you can see your liquidation level. So you could add enough BTC to put that under $10k/BTC
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weekly falls May 2021: -53%, March 2020: -50%, December 2017-December 2018: -84%, December 2013: -50%, April 2013: -83%, August 2012: -56%, June 2011: -99%,....
So I have not used the tool yet but can I overcollaterlize? Like now there are some offer son 12 moth 10% APR with 50% collateral. Can I send 80% collateral? is that possible ?Just asking since published LTV is 50% no those,.. maybe it is the minimum amount? Thanks!
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Yes, you could put as much BTC as you like into the collateral address. Get it down to 30%, then if we see another catastrophic 50% drop you're still good.
Just think if 1 year is enough time to pay back the loan.
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great I didn't know I could overcollateralize thanks for the tip.
Yup 12 months at this stage of the cycle and price gets me from point A to point B. Probably will end up paying up at month 6. Don't like to speculate much with unreal price projections, but i believe we are passed bear bottom.
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