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4288
Cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.)
Crypto miners here participate in demand response programs. When the demand is high they curtail usage and typically shut completely off. It's the concept of flexible loads. So at peak demand crypto will have zero responsibility for taking down the Texas grid. That's unlike a new player in energy demand. AI compute is not a flexible load player. In fact, it will be the runaway energy usage leader soon if it isn't already. Larry Fink from Blackrock expects trillions in energy infrastructure will be needed for AI, so goodbye to net zero anytime soon. Turns out it's AI boiling the oceans. From the piece Analysts expect ERCOT electric use will top that all-time high this summer with economic and population growth in Texas and demand for power from data centers, artificial intelligence (AI) and cryptocurrency mining rising fast. Again only one of those curtails. So better luck next time. -
4288
Cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.)
They won’t take down the grid. All of us electricity bill payers will give them money to turn off their mining equipment. Thanks Greg. -
2081
The Dallas Stars 2024 Playoffs Thread
Keep them off the power play. None of that 6 men on the ice and shooting it over the boards like the Avs did against us last series. -
325
All Encompassing Investment and Financial Planning Thread for the Surly 99.5%
In our 401k/403b/457/Roths we are 99% in Vanguard Target Retirement 2040 Fund or a similar target fund (fuck Empower). We could probably be more equity tilt, since she has TRS (and can do social security, since AISD pays in, so no WEP) and I have ERS. Both are effectively non-COLA fixed coupon bonds. Both Rule of 80, 2.3%; both eligible ~2032, age ~52. Might switch to a 2050 target fund, but if you look 2040 is like 90/10 and the 2050 is like 91/9 this far out. Both have pretty good international exposure - to our detriment this year. In retirement, travel 2 years, then see about part-time employment. She could be a permanent sub (get Sept/Oct and May off for prime National Park time), and I could probably get a new statey gig. Maybe I would sub with her. Or just dig holes. We can probably retire at 52 (2032) and live solely on my pension, and bank her pension. Gov't FIRE. Do a 457 withdrawal if we really needed it early (no < 59.5 penalty) but mostly use SS as a COI kicker on our state pensions down the line. Draw on 403b when the inflation eats the pension income into a lower tax bracket pr RMDs start. Roths are house money for grandkids or just inheritance. Would like to downsize the house, depends on where kids land and put down roots. If that's out of state, sell the ranch (51ac, optimistically 300k, yeah right) and buy a new tract to putter on. I want to move to the Western Slope, but I know will probably end up near a kiddo helping with childcare. Might last a little longer than 2032, depends on how much the 529s have packed for the college. Realistically it might be more rational to take the golden ring, and then come back and grind as a retire-rehire in a lesser position. More time for our sex cult, thank you Hims. Less stress, the same or more annual pay. I know a thing or two about life insurance. Been around it about 20 years. There are only 2 products I tell my friends to consider: 20 year term life or 30 year term life. Twenty if your spouse works and yall have a start on retirement savings, definitely buy 30 if they SAH or your kids are more than 5 years apart. Buy em just before you have kids, ideally before you get fat and blood pressure spikes. But never variable life, whole life, variable annuity, indexed linked life, universal life, CDA, etc. Straight immediate annuity if inheriting a windfall, maaaaybe. I bet the higher interest rates means there are some better offers now. The last 10 yrs of zeros had been hard on life insurer actuaries. For a while you couldn't even really purchase a COLA adjusted immediate. Fwiw immediate annuity quotes are a good way to ballpark the value of a pension. I think they are a great was to think about safe withdrawal rates too. Those actuaries probably smarter than me on selecting reasonable variables for PV or FV calculations. In theory a deferred annuity should make sense, and yet they never do. Seems everyone gets cold feet and buyers remorse, and the surrender chargers have bite.
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