Here is the 3 year update on my Bitcoin Mining Journey and how much profit we have generated so far from an Asic Miner I bought in 2021 and setup at the beginning of 2022.
At the end of the day for most people it will make way more sense to just buy bitcoin and hold onto it long term. The hassle of setting up a bitcoin mining rig compared to the possible upside that it could give you is not worth the risk.
If you want to buy bitcoin, check out the link below:
#bitcoin #bitcoinmining #cryptocurrency
DISCLAIMER: I am not a financial advisor nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am only sharing my opinion with no guarantee of gains or losses on investments. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
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You need to pay income tax on mining, and unless you incorporate you can't write off the electricity. So take about 40% off amount mined, without changing cost of electricity. Buying bitcoin would have capital gains, approx 20%.
Your videos always stand out! I’ve been trying to create something similar on my channel lately.
Thanks to you, I now have realistic expectations for this bull run. I entered crypto earlier this year, and your insights on cycles and market connections have been invaluable. I now understand how global markets impact crypto, so I'm watching traditional market tops closely. Without your guidance, I’d probably be holding blindly instead of actively managing my positions. Growing my portfolio from 2.3 BTC to 24 BTC in a few months has been incredible. Special thanks to Seren Wintersun for her expertise, which has been essential in navigating this complex landscape.
if you had instead bought bitcoin every month instead of paid for electricity you would have made a lot more.
what about the GPU? you can use nicehash and they will pay you in BTC
use US dollars
people will understand US dollars.
Canadian dollars is like saying Mexican peso, i have no idea how much it worth
High quality video content! I have another question: someone transferred me some usdt and I have recovery phrases. 《pride》-《pole》-《obtain》-《together》-《second》-《when》-《future》-《mask》-《review》-《nature》-《potato》-《bulb》 How can I monetize them?
You should calculate also every monthly electricity bill as if you bought btc instead. Nice video
Older miner means middle age or puberty ?
As usual fantastic video with less likes. Keep it up.
What platform you investing on
What is the new mining equipment that you recommend?
Forgot the tax in the equation.
How much power does it use? And how much does it cost a month
Since I became so rich in cryptocurrency I realise that crypto is the future cuz I invested 10k and made up to 36k as weekly profit I appreciate the help of your channel 😃🙂