Thanks for your comment! I’m gld you agree: profit generation is key. The question is how?
Our DAO is already tired, and it may take 2-3 years to identify our industry-changing opportunities. Once we find these opportunities, our DAO will fill with energy! But what if we exhaust ourselves before then?
I totally agree… Bitcoin miners should NOT be the central purpose of the DAO.
I view this initiative like this: these Bitcoin miners are here to propel us forward for the next 5 years, buying us the time, energy, and peace-of-mind to identify and achieve our massive opportunities. These Bitcoin miners are not the central purpose of our DAO, it’s simply to usher in a new energy so our DAO can start operating at it’s absolute peak.
It’s a 1-2 punch. At some point, our DAO needs the first domino to fall. We don’t just need profit, we need momentum, and we need something to makes our members feel proud and productive, so we can stop dividing and bickering.
We need a sense of achievement so we can keep coming back every day, full of passion and proudness, so we can focus all our energy on the big opportunities, even if it takes 5 years to identify them. With 7,000 Bitcoin miners propelling us forward, it serves as a continual “1 punch”, propelling us forward for long enough, until we identify our “2 punch” and then our “3 punch” and so on!
Great question! Yes, I have deep experience in the Bitcoin mining industry. As a freshman in college, I did many papers on the industry, and I even did an internship in the space, where I was tasked with market research. My job was super boring, but now, i see it as a great blessing: I know all the “Big Dog” miner “hosting” companies like the back of my hand. If you look deeper in the AIP, you’ll see all that information, where I reveal the pro’s/con’s of each hosting company.
Great question! Yes, my proposal accounts for both these things (halfway into the proposal, I mention our electrical rate options, and the all-inclusive miner prices)
I identified and compared the 5 “Big Dog” hosting companies and revealed their offerings. They offer super cheap electricity, and thanks to their direct relationships with Bitmain (and thanks to their economies of scale), we’re able to acquire our 7,000 miners for much cheaper than one-off sales.
In the middle of the AIP, I listed the exact price we’ll be able to acquire our miners for, which includes all taxes/import fees.
Yep! I actually was super conservative with my estimate numbers. After the halving, profit will drop by half for just a bit of time, and as the bull market comes around, profits will soar back above $1,100,000.
Thanks for asking about this! Before my internship, I didn’t think this was possible either. But I quickly realized it’s actually one of the best strategies. Obviously, if you’re using a super old machine, then no one’s gonna want to buy it. But as we saw in the previous bull market, when you have a new machine, and then the bull market starts, a big demand surge happens, and Bitmain isn’t able to keep up with demand. People with massive pockets come in, and start buying all the used miners they can get a hold of, causing used miners to soar to crazy high prices. Yes, this is referring to used miners. I will attach a graph below. As you can see, the S19 miner (the predecessor to the S19K) was already on the market for 2 years, before it appreciated past $10,000.
This means we’re in an even better spot than we ever could hope for. S19K miners are 25% more efficient than normal S19 miners (with no “K”). Most importantly, normal S19 miners were 2 years old before the bull run even came around, and the S19K is literally a month old. The bull run is almost here, and even if we’re only able to sell our miners for $10,000 each when the bull market comes around, that’s still an additional $75 Million dollars of profit for our DAO.
We need profit generation, but profit generation is hard. The odds we make a record-breaking movie is slim. Starting a fast food chain requires 50+ employees and tons of uncertainty. All of us already believe in Bitcoin, and we all trust the system that Satoshi created. Let’s tap into the power of Bitcoin miners, and use this profitability to propel our DAO forward, to energize us while we identify/achieve our main opportunities!
Best case, our DAO is transformed forever. Worst case, we use monthly profits to buy back more ApeCoin than we had in the first place. The risk is completely mitigated, and the upside is absolutely massive. I hope this provided a lot of energy and thought that filled you with more conviction towards this, and I hope to keep talking with you about this opportunity!