An update on the L3+ miner... After seeing the market value of these miners increase quite a bit, I decided the best option available was to sell the miner to lock in some sure profits. I did so, and in addition to receiving our spent BTC back at a higher rate, we also received 51 LTC which I will sit on until I find a use for them.
Cool, good decisions I would say! I see that we now have 8.22 BTC and these 51 LTC in holding. Are there reasonable options for miners we could buy, or is there some interesting hardware coming out in the near future?
I believe the beginning of summer is the worst time to buy miners. Many people are downsizing their operations in preparation for the coming heat and new gear is usually right around the corner (I've heard rumors of an S9+, which if history is any guide, means an S11 is right around the corner). I'd much rather continue laying the groundwork for the long-term success of this operation. I've been observing the solar array and running lots of numbers to see what would be most beneficial to get the most out of that investment. It seems that while I had initially dismissed the thought of having a battery backup like a Tesla Powerwall, the statistics show that we would actually benefit from owning one as we are still pulling a little electricity from the grid at peak rates. I also think an immersion cooling setup like the Carnotjet System would provide massive additional energy savings while combating the largest hurdle we have toward expansion right now, which is heat. I believe with those two additions, we would be one of the most advanced mining operations in the world (albeit very tiny) and would be setup to continue mining profitably for the foreseeable future regardless of circumstances. I have been contacting Bitcoin companies and discussing sponsorship opportunities to see if I can leverage the visibility of this group into advancing our hardware through advertisement deals similar to what was done with YoBit.net and the wind turbine that should be installed next month.
That being said, I'm always working my magic behind the scenes and if I can get us some more miners without having to break the BTC bank, I will do so.
