All Forum Posts by: Ross Bowman

2016 this sub-forum was created. I found it soon after. It was mostly @Paul Sandhu and I trading stupid jokes and I had no idea what I was doing and I also had no money.

5 years later. I've got 14 million in real estate owned and TODAY @Avery Carl book was released with Bigger Pockets Publishing and we are just beside ourselves with excitement! Cruise on over to the Bigger Pockets Book Store and pick up a copy of Short Term Rental Long Term Wealth! 

Big shout out to everyone who hangs here regularly on this forum especially Uncle Paul and @John Underwood

A lot of boomer energy going on in this thread. Lol. Good for you man, I think this is a pretty interesting angle on house hacking. 

@Ross Bowman
@Yourri-Samuel Dessureault

I would love a detailed write-up/ case study. I have a few spaces where this might work.

I hear ya, definitely the tax man is coming. Today 55% of the worlds top 100 banks own bitcoin so maybe not chinese communist style regulations coming. 

As far as the mining and using payments etc, most the payment stuff today does not require mining so off bitcoin network as far as that goes. I guess that payment part quickly evolved more than some might realize.  Btc would only be used for the larger purchases today, not the cup of coffee stuff at this junction anyways. But new taxes coming is expected. I would say the space it is still very risky however one slices it. 

The total banning in the western world does not look very likely still. Its is easily farther along than legal weed at least. 

@Ross Bowman people like @Don Konipol are just upset they can’t figure how to buy btc, much less mine!

I think this is an amazing idea and very innovative.

Here is a better idea. Rent space in a colocation data center and scale the operation there. Then rent your bedroom out to someone who needs housing. That would actually be considered house hacking and would help with our national housing shortage. 

The people telling you it isn't "house hacking" are not dinosaurs or computer illiterate. They just understand that house hacking involves renting space to humans, lol. 

The power demands of mining servers are pretty intense and residential grids are not designed for it. The whole crypto transaction is extremely wasteful. You can do a million credit card transactions with the energy it takes for one Bitcoin transaction. It is not scalable or sustainable. 

Wait until government here gets their teeth into it. What happened in China will happen here. The government wants a "central bank digital currency", so they can manipulate it. The biggest appeal of crypto is that it is NOT government controlled, so there is a showdown coming. 

Biden administration hates crypto even more than real estate investors. The difference is housing fills a fundamental human need. 

https://townhall.com/columnist...

@Ross Bowman This has definitely piqued my interest! Did you set up your own rig or did you buy one?

@Ross Bowman

Question, how does your Bitcoin bedroom income generally compare to your potential roommate bedroom income?