10 sats \ 1 reply \ @Atreus 23 May 2023 \ on: Have you used hodl hodl for borrowing against your stack for mining? bitcoin
I get the temptation but think about this: You're going to have to repay the loan within X-period of time, plus interest.
It's better to wait, save the money for a miner, and use the money you're going to raise in the future to pay back the loan, to just buy the miner in the future, minus the interest, minus the origination fee.
Their APRs aren't cheap either!
(Full disclosure: I've kinda been on an anti-usury high horse the last month or so)
I have both conflicting viewpoints on the subject. I get you. Just a thought.. do you think a bitcoiner should mine? If so,.. and as a bitcoiner, you will crunch your sats on a satflow to get the return of the original sats plus interest in BTC through running a mining operation. At least that is how I view things. I am too retarded to let the security of my stack in hands of fiat maxis that mine only for the dollar.
If you ever run the numbers you will find out that mining is a fiat maxi business, not a bitcoin one, unless.. you take loans to find a better time to liquidate a lesser part of your stack in order to make room for positive returns. You dont have to trust me, just run the numbers.
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