Safeguarding our DAO with $1,100,000 of Monthly Profit

Hey Chaps!

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!

@Grimyfrankie and @MisterHype tagging you both here, as I saw you liked! :slight_smile:

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We don’t have mining permit.

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I’m also in agreement with the fast that a specific amount should be allocated monthly as profits for the DAO, it could help boost and also improve the DAO

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by the way, I was wandering if we had a mining permit :thinking:

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Great question @TheFatherOfAllStorms !

Thankfully, we don’t need a mining permit, because the most effective AND profitable way for us to mine, is to hire a “hosting” company to manage our miners FOR us.

If we wanted to mine on our own behalf, it’d take years to set up. We’d need to win a cheap electrical deal, we’d need to build a site, we’d need to hire technicians.

Thankfully, “hosting” companies do all this FOR us. They’ve already built the sites, they already have the technicians, they already have cheap electricity and permits. They are ready!

We simply choose which host we want, and they do all the work for us! No permit required. We just decide how many miners we want, we choose our host, and we sit back and are propelled forward thanks to these Bitcoin miners!

Tagging you here too @Harata !

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Totally! It may take a few years for our DAO to identify our industry-changing opportunities, and in the meantime, it’s key that we use this time to enhance the health of our DAO.

Not only does monthly profit increase the financial health of our DAO, but most importantly, it also allows our DAO members to take a breath of relief and say “hey, I’m not sure where we’re going yet, but I’m not leaving! I’m dedicated to doing the hard work, along side you all, to achieve our long-term opportunities.”

Right now, we don’t have anything “sustainable” that continually propels our DAO forward with energy, momentum, and abundance. And thus, our DAO members are becoming drained. We can’t keep going down that path. We need an energy shift, and that’s exactly what we get, when we’re propelled forward with $1 Milion+ per month.

By the way, I answered your question about mining permits above, I tagged you in the post! Great question, and thankfully, we don’t need a mining permit, because the most effective and profitable way to mine bitcoin, is to have a “hosting” company manage our miners for us.

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thanks on your response.
ill take my time to fully read it and shoot you with more questions or comments.
:raised_hands:

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Hi @TripleCube!

Love the enthusiasm you’re bringing to the discussions here :slight_smile: it’s great to see such keen energy focused on the long-term sustenance of the DAO.

My exploration into this decentralized ecosystem commenced in 2017 in part with the conversion of my garage into a fairly well automated mining farm, equipped with advanced 2-stage soundproofing and leading edge ventilation. It was an enormous amount of fun, and highly profitable for me at the time. I ran a mid-sized construction company at the time and leveraged my experience in that realm to make it all happen.

While I have many thoughts re your post, here’s my comments re just a couple areas of it;

Every venture has risks, I’d be cautious about stating information as facts, in the way that you have. It’s usually better to underpromise and then overdeliver, than otherwise. And this size of an ask is larger than the majority of other AIPs. I for one would feel more comfortable in this discussion by having a successful project lead from a larger scale farm such as this chime in and share their battle tested wisdom on the pros and cons of such an endeavour.

Do you intend on bringing in such an individual for an open/public discussion on the topic?

I too experienced the delight of watching my miners quadruple in price during the 2017 bull run. However, I also learned through that experience that I would have had much less stress in my life by simply holding crypto, and since currently the overwhelming majority of the ApeCoin treasury is held in $APE, I ask you, is it really fair to say that engaging in a complex mining operation venture would bring more value to the DAO than simply holding our existing $APE?

As a startup founder myself, I recognize the value in being agile and prompt when good opportunities arrive. That being said, there’s enormous risk involved if/when crossing the line from agile into the territory generally referred to as ‘rushing’. I would not suggest the DAO make any sort of rushed decision of this nature. Due process, discussion, and diligence must be followed. This loops back to my question above regarding next steps, in potentially bringing in a seasoned mining veteran for discussion and to weigh in on the matter. Curious to hear your reply.

Again, just noting, that I also helped, from the construction perspective only, with the movement and early startup of a 3,600 S9 mining farm ‘back in the day’. Tbh, that venture did not work out whatsoever and I’m fortunate to have not been involved in its operations. The opportunity was ripe for them, but opportunity and execution on that opportunity are very different topics. They would have been significantly better off, and with less headaches, by simply holding bitcoin instead of doing the substantial work of setting up a large scale farm with all it’s complexities.

Again, love your enthusiasm, curious to hear your replies! :heart: :gorilla:

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If Apecoin were the minting coin and we actually can mine it and give to holders - that then would be a very interesting thing to do. Thankfully all Apecoin is deployed and has unlocking mechanics where part goes to the original supporters including one big non profit and rest to the open market. Bitcoin miners that more then 50 percent were in China now had in large to relocate and looking for investors, in past 2 years there was a huge bitcoin crash due to China regulations & also their new regulations prohibiting crypto trading for any Chinese National. Obviously lots of minting companies now exited China territory and many establishing themselves in USA at the more acceptable regions, obviously this exclude Miami and now NY state where laws in general is not so “positive” for WEB3. I think Thai is a very interesting discussion and just would love to hear more details on the company and region and their contracts and what your connection is to them.

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Thanks a lot for the reply, I like the way you detailed it out. very nice, thanks once more for clearing my doubts :white_check_mark::white_check_mark:

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Hi @TripleCube,

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Hi @MisterHype !

For anyone who says “this isn’t aligned with the purpose of the DAO”, please read this.

I’ve gotten this question a lot on Twitter. This response usually makes people say “aha! I see!”

Because I agree… at first glance, this doesn’t feel aligned with the purpose of the DAO. But as you’ll see, the entire purpose of this AIP is to propel our DAO forward, so we can succeed in those EXACT areas you listed.

Our DAO is NOT about Bitcoin mining. Our DAO is about creating the ultimate version of the metaverse, with ApeCoin at the center.

The thing is: it may take 2-3 years for our DAO to actually identify our main industry-changing opportunities. Our DAO is already losing energy, with division and exhaustion on the rise. If we don’t change anything, our DAO might implode by the time we even identify our main opportunity, yet alone achieve it.

That’s why I believe this allocation is so important: we now have a guaranteed way to propel our DAO forward with abundance, energy, and momentum for the next 5 years, granting us the peace-of-mind to use the next 5 years to identify (and achieve) our industry-changing opportunities.

Eventually, our DAO will be a massive success. And in order to become a massive success, we need DAO members who come together every day, filled with a passionate, abundant mindset, knowing their hard work and dedication will pay off.

Acquiring 7,000 Bitcoin miners propels our DAO forward with abundance, persistence, and momentum, allowing our DAO members to adopt the frame that is necessary to create success. This bitcoin miner acquisition is the “spark”, and it propels our DAO forward for the next 5 years.

Because we have two options 1) we either can wait around for 2-3 years, and keep bickering, arguing, exhausting, and dividing ourselves, AND THEN dedicate all our energy to our main opportunities when they appear (the issue is, what if our DAO completely implodes by then?)

Or, 2) we can use 2% of funds to propel our DAO forward for the next 5 years, and that way, when our main opportunities appear in 2-3 years, our DAO members will be filled with passion and energy, ready to execute on our main opportunities, all thanks to the motor that’s propelled ourselves forward for the past few years.

Our DAO members are the most valuable asset of our DAO. But no one likes working in an environment of turmoil. In fact, no one even CAN work in an environment of turmoil for more than a few months, without it totally affecting/diminishing their abundant mindset and passion, which is an absolute requisite for creating success.

When an organization starts profiting $1M+ per month, abundance, achievement, excitement, and momentum fill the air. Now we’ve checked off the profit generation box. Now our DAO is making enough money where we don’t need to divide ourselves over short-term opportunities. Now we can focus ALL our energy on identifying and achieving our industry-changing opportunities.

This is the key: when those opportunities do appear… instead of our DAO members being exhausted, all our DAO members will be full of life, ready and energized to bring our industry-changing goals to life.

This AIP is not about changing our DAO to be “a Bitcoin mining DAO.” This AIP is about propeling our DAO forward with momentum, so when we actually identify our main opportunities, we’ll have enough energized and passionate members to bring those goals to life.

This is the spark that begins our trajectory towards success, buying us peace-of-mind for the next 5 years, so we can fully identify (and achieve) our industry-changing opportunities.

But if we don’t have that spark, then our DAO members might be completely divided and exhausted in 2-3 years, and if a DAO doesn’t have passionate members, then it’s not even a DAO anymore, and naturally, our 20-100 year plan of success would never even happen.

This is the “spark” that begins (and safeguards) our trajectory towards success, so in 2-3 years, our DAO has the momentum to become a “wild fire”, rapidly taking over the gaming/metaverse industry once and for all.

Quick summary: This is not about changing the DAO’s focus to a “bitcoin mining DAO,” this AIP is about propelling ourselves forward, so we can buy ourselves the time to focus on our main opportunities. If our dao members are exhausted and depleted in 3 years, then our DAO wouldn’t even exist anymore.

this allocation allows our DAO to feel productive and relieved over the next 5 years, so we can work in abundance, and actually achieve our DAO’s goals, because our members will actually have the energy to do so.

Our DAO is NOT about Bitcoin Mining. Our dao is about finding smart ways to implement ApeCoin, to change the industry, and bring value back to the DAO. The thing is: it might take 2-3 years for us to identify those massive opportunities. And if we keep frantically paddling against eachother for the next 2-5 years, our DAO will be completely exhausted, and we won’t even have the energy to execute on our massive opportunities.

This AIP isn’t about “let’s stop focusing about Ape, and let’s start focusing on Bitcoin miners.” This AIP is about granting us the peace of mind AND abundance, so we can use the next 5 years to put ApeCoin DAO on the most industry-changing trajectory we could ever dream of.

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Hi @MemeBrains

Love this story, and your ingenuity. That must’ve been a blast to build!

I’ll answer your questions:

Yes, I am simply proposing this opportunity to our DAO. Before vote, I’ll have our DAO connect with the CEOs of our best options for hosting, so our DAO can hear the recommended strategies from these experts, and decide.

Our DAO has been talking about profit generation for like a year now. I am simply following their desires.

If our DAO wants to generate profit, I naturally would assume they want to produce the most amount of profit, from the smallest investment. I don’t think there is any other venture that could produce more profit from this. So yes, it is a larger ask. But it also is directly connected to the Bitcoin network, which we all believe in. Yes, we are at the beginning of the bull market. Worst case, we just use proceeds to buy back more apecoin. The risk has been mitigated, and the upside is high.

In life, it’s all about mitigating the downside, and maximizing the risk. That’s what we have here.

Very very true. If you’re building your own Bitcoin mine from scratch, it’s a massive hassle, and you never know what you are getting yourself into, until you do.

However, building a Bitcoin mine from scratch is totally different than buying bitcoin miners, and hosting them with a seasoned Bitcoin mining company, who has years of industry-leading expertise. If I was recommending our DAO to build our own mine, I agree, I hope everyone would vote it down.

However, I’m proposing the strategy that maximizes our returns (since hosts have super cheap electricity), while limiting our work and risk: we buy bitcoin miners, and a host manages them for us. These are nearly billion dollar companies, we can trust them to host our miners.

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Hi @TheFatherOfAllStorms !

I really appreciate your support and enthusiasm.

These are great questions: first of all, yes, we technically could mine in other countries, like Paraguay, Ethiopia, Khazakstan, etc. (Those are the most popular non-USA, non-China, non-Russia mining spots)

However, as we’ve seen over the past few years, the risk of mining outside the USA is massive. All the bitcoin mines in Khazakstan got forcibly shut down. And mining in places outside the USA, like Paraguay and Ethiopia brings ethical questions.

The main point is this: if we can find a “host” in the US that provides an electrical rate that’s just as low as mines in Ethiopia, we should mine in the USA. Not only will our returns be the same, but the risk of mine being shut down goes from 50% (in Ethipia) to 0% (in the USA)

I’m going to condense the AIP a ton. I initially wanted it to tell a story, but most people didn’t read. I’ll make sure to answer any other questions you have in there!

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Our DAO has been talking about profit generation for 12+ months.

There’s no higher conviction, higher-reward opportunity to make profit than this:

If we make a fast-food chain, it requires 50 employees, $2M of initial capital, and only makes $30K max per month.

If we make a movie, that costs $400M, and MAYBE we’ll break even.

We already have conviction in the future of crypto.

Any other method of profit generation pales in comparison to this opportunity. A fast food chain will make us a 10% return each year.

Bitcoin miners allow us to 10x+ our position, in 3 years.

The risk is mitigated: worst case, we just buy back more apecoin that we already had.

success comes to those who make convicted decisions.

success comes to those who create opportunities with massive reward, and fully mitigated reward.

the risk of NOT taking action is too great. our DAO is filling with chaos. we can’t let that continue.

the risk of taking action is nothing… there is NO risk: worst case, we just buy back more apecoin than we already have.

best case, our DAO is transformed. if we want to become a success, we need to make the high conviction, high reward decisions, and we need to mitigate the risk. we’ve already done that.

and we need to make these decisions when the time is right.

that time is now.

this is not about changing the dao’s vision to be “bitcoin miner oriented”, it’s about propelling ourselves forward, so we can buy ourselves the time to focus on our main opportunities.

if our dao members are exhausted and depleted in 3 years, then our DAO has died. this allows everyone to feel productive and relieved over the next 5 years, so we can work in abundance, and actually achieve our DAO’s goals. OBviously our DAO is NOT about Bitcoin Mining. Our dao is about finding smart ways to implement ApeCoin, to change the industry, and bring value back to the DAO.

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i don’t view the dao as something that we deplete.

i view the dao as something that we keep growing larger and larger, so we can support any high-potential opportunity for decades to come. in order to do that, we need sustainable revenue.

this isn’t a “forever solution.” this is a 5 year solution/motor that allows us to work in abundance for the next 5 years, so we can identify/achieve our massive opportunities, which will be our NEW motors, which will fill our dao with even more revenue, leading to more opportunities, which lead to more revenue, and the cycle keeps going. but we need that first step. I don’t think we have a better opportunitiy to fill our dao with life and momentum. there is nothing that produces more reward for less risk. and there is no opportunity with better timing, than this one. the bull market is about to stop, meaning bitcoin miners will soon begin their process of 10x’ing.

It might take 2-3 years for us to identify those massive opportunities. And if we keep frantically paddling against eachother for the next 2-5 years, our DAO will be completely exhausted, and we won’t even have the energy to execute on our massive opportunities. This AIP isn’t about “let’s stop focusing about Ape, and let’s start focusing on Bitcoin miners.” This AIP is about granting us the peace of mind AND abundance, so we can use the next 5 years to put apecoin DAO on the most industry-changing trajectory we could ever dream of.

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Hi @Lost.Admin and @Facilitators !

I received amazing feedback on here, and especially on Twitter.

I am ready to close this discussion period, so I can begin writing my finalized AIP, with everyone’s recommendations included and accounted for!

Feel free to conclude discussions, and I look forward to submitting the AIP Draft!

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This topic was automatically closed after 7 days. New replies are no longer allowed.

Hi @TripleCube,

Thank you for your ideas [and the ApeCoin DAO community for the insightful discussions].

A moderator will reach out to the author to finalize the AIP Draft using the appropriate template.

  • Once the AIP Draft is confirmed by the author and meets all DAO-approved guidelines, it will receive an AIP ID number and move forward for Draft Analysis Review.
  • @TripleCube please see your messages for the next steps.

Follow this Topic as further updates will be posted here in the comments. In accordance with DAO-approved guidelines, if the author does not respond within 30 days, the proposal will be automatically transferred to the Withdrawn category, and the author can re-submit the idea.

-@Facilitators

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Hi ApeCoin DAO Community,

This Topic has been rejected based on the DAO-approved guidelines due to no response in the last 30 days. The Topic may be submitted again by any user and upon approval, will be open for 7 days for community discussions.

This Topic will move and remain in the Withdrawn AIPs category.

-@Facilitators