If you bought 6000 SOL last year beginning of januari at around 10$ it is now more than 900 000 $. In march it was over 1 200 000 $. And the big up rise has yet to come.
Thanks for the info. I am running a desktop with a 4090 and a laptop with a external 2080ti. Got high hopes for PYI. Apparently they are projecting PYI to be hitting $1 if everything goes smooth. I just started mining in December. I was trading everyday versus holding and waiting for price increases. Man, did i learn the hard way. lol I could have already made $1500 with PYI if I held and waited for it's last peak price. That is $800 more than what i made from trading everyday. hah hah hah Gotta learn I guess.
I dig mining but electricity would need to be 2 cents kwh before I would consider it now. When etherum went to proof of stake that was the end. . Worst still is I couldn't quite make the minimum payout threshold before it was cut off,and that's worth about $40 now and unreachable, it ain't much but hey .
Very good analysis. Although it might look like you probably won`t get 1mil $, it still shows that you can expect a good payback from several of these coins. I watched a video you made a long time ago dual mining eth+alph. Didn`t think much of it at the time as alph didn`t pay very well at that time. So I dropped alph and let the wallet sit with just a few alph in it. I checked my alph wallet the other day and saw I had 600$ worth of alph there. Not a lot, but some extra cash is allways nice. And if I kept going with alph back then, maybe I could be a millionaire today. Keep posting good stuff. Appreciate it!
Right doom. BUT if u go as a mining bizzness are LLC and get a bizzness bank account after the llc coz the bank will what to see your bissness cert. Then they will open a bizzness account. Then u can get the tax breaks. And cost of hardware, electric, and isp. Repairs
Why not Buy all this coins at the specific value you mentioned might cost 100000 USD and hold it for 2 years which cost less than running a 12 GPU mining rig x 31 coins which can make 15 Million USD even it's going 2.5X in next 2 years in worst scenarios 7-8 million if goes 1.2X also ?
Absolutely not. Let's say we use Kaspa as an example and you have mined with $50000 since last year. For its best case scenario, you are no where near 1 mil simply because you can ONLY MINE x amount of kaspa per day with your equipment vs direct investment. It you invest directly during that time then you are closer to 1 mil already
That was i am about to do is do the business license and business bank account w/ a business debit checking card to started buying etc.. so it will be seprate from my personal account. Also calling electric company about going to a commercial business account and see about around..07 per Kwatt
paying tax is not all it takes where im from we also have some personal labor market contribution on 8 % where im from and a business account and health insuriance also cost alot also where im from as a worker the company is responsible for accidents i would end up paying more as a business. as a private i have some deductions i dont have as a business im still able to deducte electricity as a private with something call a hobby company i had a company many years ago, that made no money i ended up paying almost 10.000€ for it, without paying any tax
Sorry no spreadsheet link this time, I didn't have time to make it auto-update and be customizeable. But you should probably be able to whip up something similar pretty quickly, especially if it's just a single or a few different coins you are wanting to analyze.
Ah sorry can’t share it this time as I didn’t have time to make it customizeable and auto-update the market caps and prices. But you should be able to make something similar pretty quickly, especially if you just want to analyse one or a couple of coins this way :) Good luck!
