Four years ago I decided to study personal finances and investing. Naturally, I went into stocks like Gamestop, dividends, crypto. Even gold and silver.
I wrote what I learned in a blog called kroisos, now defunkt.
I use the Richard Feynman method of learning, where you make notes of what you study and then try to teach them. So I just wrote what I learned on blog posts.
It was funny, because you could see me getting orange pilled as the posts went on, I kept writing what I learned or noted down interesting things and resources, and as time went on I kept talking about bitcoin and bitcoin only.
That’s when I became a bitcoin maxi.
Unfortunately, until I got to that point I tried out trading, leverage, shitcoins, AAVE crypto loans, you name it. It was with small amounts but if you add them all up they ended up being a few thousand euro lost.
I suck at trading, I’m not afraid to admit it. That’s why I’d rather create value and buy bitcoin and HODL.
But this, this was my only profitable trade.
Here it is:
I met the guys behind MEATEC, a big mining company in BTCPrague. We talked a lot about mining, some details, their infrastructure. They’re really knowledgeable and they have a singular focus, that of expanding their business.
Naturally they offer colocation hosting, basically hosted mining services. But that causes a lot of real-world problems, and people end up losing money or bowing out of mining.
That’s why they created Infinity Hash, which is a transparent, open data system where you can just buy shares into their system with no KYC at all, and you can see everything they put into buying new miners, paying for electricity, and maintaining the system.
Now, before you ask, yes, this is not exactly mining yourself. But as I’m writing this I do have a modified S9 miner heating my office right next to me, so I know the hassle of running a home miner, and the exorbitant electricity costs involved. Plus repairs, shipping it back and forth, and downtime.
That’s why I appreciate just being able to buy shares and let the experts handle it, and having a transparent dashboard that lets me know how every sat is invested and how much I’m making.
That screenshot above is my real dashboard right now.
I only got a few shares, about 50 of them last June, right after talking with the guys.
Here’s the exact buy in the system. As you can see, there’s nothing else.
I sent 50 USD worth of sats, swapped them for USDT, and bought my shares. I believe it was about 0.70 USD per share at that time so I got about 60 shares, and I set up my dashboard to auto-compound, meaning to reinvest any royalties back into more shares.
Now those shares are worth $5 each, and the total is $372.
That’s not life-changing money by any chance, but it’s my most profitable trade. Honest.
And even better, this modest amount of money is helping secure the bitcoin network.
Now, I know you have doubts. So did I, that’s why I only invested an amount that I didn’t care to lose. But the more I looked into the system, the more I talked with the Infinity Hash team, the more confident I became that these guys know what they’re doing.
And before you say (just like I did) why are they promoting Infinity Hash and asking for investors to buy more miners if they’re profitable?
I asked, and while I cannot say how many miners they have exactly, I know that the 200+ infinity hash miners are only a small fraction of their entire operation. So, it seems to me they didn’t really have to run this front-facing business and deal with doubt and customers and naysayers.
They could have just kept hashing away with their significant mining operation without all the trouble of having customers.
I don’t know why they chose to offer this to us, but I’m happy they did. Maybe it’s the typical thing we see in all bitcoin businesses, that of trying to give back to the community.
Maybe I’ll ask them at some point.
But the point is, that if you want to invest in mining, you can either do it yourself and deal with the huge issues it presents, or you can just let the experts at MEATEC do it and simply get some shares in Infinity Hash.
Find out more in here https://loveisbitcoin.com/infinityhash
