Bitcoin Mining is FRUSTRATING Now… it really is easy passive income on a small scale, but scaling is frustrating, and I am not competing with million dollar and billion dollar publicly trading crypto mining farms… where do I go from here? Buy Liquid Cooling Equipment here –
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⏰ Timestamps ⏰
00:00 What is it like being a crypto miner?
01:04 Scaling a Bitcoin and Crypto mining farm
02:17 Immersion mining or Air mining?
03:53 Mining rig prices are really high!
05:44 Mining less and less coins?
06:30 Running a mining farm as a add on business
08:07 What am I going to do?
09:13 Pause or Continue?
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Get a small vacation, Plan how the farm will continue growing. Get way more focused and never give up……
Probably go with solar sooner than planned to get rid of most electricity charges
once kaspa tokens and smart contracts come out, the kaspa miners should get a bump in profitablity from not only appreciation, but fees
Danke!
bro i understand, how rough it is, but look how far you've came… it's no turning back now… and sooner or later the ones who were in early will be the people on top of the world.
ive been watching you for years, i wanna get into mining right now!!!!!!!!!!!! its profit but its about the long term youll be soo far ahead of the game, idk i think mining is going to boom near the future were talking about 2030 is which is far away lol but when bitcoin booms omg youll be on top of the world
Befor you buy new miners install solar … little by little helps finally a lot! good luck
This is what always happens tho dips a few years then comes back and boom I just bought a antminer z11 is it profitable now ? No does it make money ? Yes so I’ll eat the electric cost to stock up on coins for the next bull run and for 89$ I say I got a good price
you should probetly look into solar faming.
specially with vertical panels you can have alot in a little area
just like you should look into making profit from the waste heat (maby in combination with the solar faming)
you could have 3-4 incomes on what you do on the same piece of land, insted of having 1 income if it all works out
I speculate that you are posting these videos in part to cause people to not want to mine bitcoin so that it causes a few percentage change in the hashrate so that you can capitalize. You probably have $500000+ in miners….a few percent would definitely benefit you
Have you felt or been in this situation before? If yes. Did everything work out in the end the way you wanted it too? If no. Then trust your gut. don't invest anymore money now. Wait until after the bullrun. Take that money and buy the coin. Buying more miners now will only stress you out. We all will have to wait for the dust to settle. March of 2026 things should have calmed down a lot by then. Now is the time to Hodl😀 While I got your attention. I have the Altair PDU. Can I safely run 2 KS5L off of it? 240 30 amp circuit? Thanks and good luck sir.😀
from now just scale along side your solar then it doesn't matter what your electric price is or what the coin does in the short term, no increase electricity bill and really no risk of not reaching roi as the miner will always be profitably [as long as you choose the right miner]
In a few months we will see the “Mining is extremely profitable” videos.
In 2024 if you're not getting 2 things out of mining YNGMI.
in 2030 if you don't get 3 things like bitcoin + heat reuse + energy arbitrage YNGMI.
in 2040 you just won't make it in bitcoin mining. Everyone will be mining at a loss and making Asics at a loss but won't be able to stop because they need access to block space at any cost.
The problem is going mostly in BTC. Thats a huge mistake. I mean people know how BTC works. You should have started selling most miners half a YEAR before halving to get some decent money and start investing in other projects. Same with Kaspa. They start selling NOW their equipment and somehow expect…KS0 pros to be sold likle 200-250 usd lol. I personally wait till they become like 30-50 usd get them all and connect them (only them) to solar panels… I run a small-med farm that grows exponentially by the way profits are only going up.Its all in the long term planning with frequent revisions ofc. On to power. Wow US doesnt have 3 phase all around? Wasnt aware that. Solar does help but i am sure you can strike a deal with the power company for better prices. Or you can ship 30% of the miners to Aethiopia mega farms for 0.055 usd/κw… Just tell the power company them you gonna go to the competitor if you dont get like 75/megawatt/day. And from what i see some of the stuff that consume power could have been avoided. Do you have a COMPLETE spreadsheet of what equipment burns what, including non mining paraphernalia? Its an optimization business, the most optimised get the most.
I say do it all. Get 3 phase. Get solar but do it through the diy from signature solar and scale up.
Also buy coins only on the big dips.
You don't have to rush it it may take many years and thats okay.
Enjoy the process and have fun. Thats whats mining should be about
Never give up
Keep goin mate, I’ve just started looking at mining from home. You’ve given me lots of good info and I’m going to go ahead and start planning a setup. In your case you have done all the hard work, infrastructure is in place, market it is down, so just maintain and stay afloat and have happy thoughts for when the next bull run is on. To the moon my friend 😊
Solar
man, I know what you're saying but in your case you just push on through cuz its good content either way, you might not be profitable sometimes but you combined two hobbies together, content creation and mining. In my opinion there is no option, you go to the next level, you get that bread, you "pass Go and collect $200" 💪😎⚡
I mean why spend all the money on the equipment when you can just buy the Bitcoin and hold onto it… I almost bought a mining rig but then I though to myself spend $1500 or just buy the $1500 worth of bitcoin….. Seriouslly whats the point in have to worry about all that electricity, parts, labor ect when all you can do is get a Robin Hood Account and just buy it out right and put it in a cold wallet. Seriouslly I don't see the point and on top of that some of you guys go in the negative….. For what! Just buy the crypto and keep it in cold storage and keep adding to your portfolio that way.
10:04 Looking forward to seeing a bunch of solar panels behind you in a couple years!
Do your thing. It'll all be ok.
Idk man maybe look into hosting, can already get hosting cheaper then what your paying
Just write up a contract or business plan to expand, and give your content crowd a way to invest and enjoy some of the profit. I bet you could fund 100% of the solar by sourcing investors (literally your YouTube fans). Go James Pelton style and just build some NFT’s and sell them or something. Found you back in the GPU days, still watch your content for something to do (TV sucks). I’m super interested in anything solar. Speaking of, hobbiest did a video on some solar mining rig I need to watch. I think going solar and eliminating that electric cost is the way to freedom. Good luck man, you’ll succeed in whatever you decide. Maybe politics will go the right way and crypto will moon 🚀.