Mining

Bitcoin Mining Isn’t Profitable Anymore FOR YOU



Small-scale Bitcoin mining isn’t worth it anymore FOR YOU. Let’s run through the Bitcoin mining numbers at the VoskCoin Mining Farm. Should we just have bought BTC instead? Subscribe to VoskCoin –

Get $50 on Margex when you sign up + $50 more when you deposit $100 – code VOSKCOIN –
Check out Robinhood Gold –
Get BTC or other ASIC Miners with AM –

The Bitcoin Mining game has changed since the halving. BTC Mining isn’t as profitable as it used to be. Let’s break down the profitability of the bitcoin miners we have running, how much they’re earning, how much they cost in electricity to run, and where their breakeven point is. Are there some better mining alternatives? Should we have just bought bitcoin instead?

⏰ Timestamps ⏰
00:00 I am losing money mining Bitcoin…
01:18 How much are my 20+ Bitcoin miners making?
05:58 How to realistically mine Bitcoin
10:42 How will the bull run affect BTC mining?
13:35 Why I’m more bullish on crypto than ever
18:07 Bitcoin mining is just not worth it

VoskCoinTalk the VoskCoin forum –
VoskCoin Facebook –
VoskCoin Reddit –
VoskCoin Discord Server Invite –
VoskCoin Twitter –
VoskCoin Instagram –

VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
#Cryptocurrency #Bitcoin #VoskCoin #BTCMining #BTC #PassiveIncome #CryptoMining

[ad_2]

source

Related Articles

36 Comments

  1. What most people don't realize is with a mining business, you could write your electric bill off as operating costs of the business. By paying out of pocket to run your miners, you can then take that and write off your electric bill as an operating expense to keep your miners up and running. Yes it's more work, but you don't lose.

  2. Good thinking! If you've got the cash to upgrade equipment often, do it!Β I'm running two Mini-Doge IIIs with Solar, direct from a 12V LFP battery. As long as it's sunny, they don't cost anything to operate. I was running 4, but the days got shorter. The lowest cost is to install solar and only mine during the day.
    Dude, you need a PPA to sell back to the utility. In most places. if you're paying 7 cents, they''re paying you 3.5 cents per kWh.

  3. Hey Vosk! Been following you like everyday. I was wondering with the recent election of DT. BTC went up. Do you think you would have made more money if you just bought BTC with the money you used to buy the machines? I think you and I are on the same boat. I already have a 2MW solar farm powering my machines with solar, but it still doesn't make sense. It makes more sense to sell the electricity back to the grid at generation prices.

  4. ATTENTION!!……..Turn your attention towards the sun…Go Solar! Get a hold of YouTuber Will Prowse a GURU in Solar! I believe he was making 84 dollars a day mining coin. Chat it up…he has a tremendous mindset just like yourself. DIY Solar Power with Will Prowse. 😊

  5. Have you tried the Bitaxe miners – I think the best Bitaxe Gamma v601. Super efficient & low-cost for the power req'd . Might be an option for those just starting out πŸ‘

  6. Dang.., we're mining @ 800 EH for BTC and it's Never going down. It's absolutly getting super hard to mine. ONE bitmain miner can mine over 800TH right now. W O W !
    I fell ya bro. I only have three btc miner with one more coming with 200th and i'm losing money straight away with it lol. I'm @14 cents kwh in BC Canada and with only ONE electricity supplier for ALL of BC πŸ€¦β€β™€πŸ€¦β€β™€πŸ€¦β€β™€πŸ€¦β€β™€πŸ€¦β€β™€
    Thanx for the vid and hope btc climbs high. Cheers

  7. Ive been mining 4 years now. The environment is so different. Profits are hard to come by for those of us without a LLC or secondary income from videos/merch/links. The at home miner from the garage is all but a memory now.

  8. I’m feeling the same way 18 months ago I had 5 BTC machines making .005+ a day now I have 32 machines making around .0022 a day. It’s a looser unless BTC goes to the moon, difficulty now over 100 it’s crazy. I have 20 L7s I use them to pay the deficit on the BTC miners. I wish I could do solar but the cost to set up is crazy high, never get a return in my lifetime and I live in Texas, plenty on sunshine . I do like mining but it’s not for the weak hearted.

  9. Liquidate when it makes sense and keep enough infrastructure to continue the media side of the business going. Build out solar for that. Buy BTC with proceeds from the liquidation (or sooner, if possible) and hold long term. At some junction there will be a good way to yield a SMALL percentage off BTC through lending and L2 fees/usage. Have enough BTC to be able to indefinitely live off that yield, whatever you think may be possible. Then the farm and media become a bonus with nearly free power.

  10. Appreciate the recommendation! Bought XAI97K, expecting 10x returns. Major exchanges confirming listings. Your insights have always been on point. Looking forward to seeing where this investment goes, thanks for the valuable advice!

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button