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    Starting an ASIC Bitcoin Mining Farm on a Credit Card. $40,000 of equipment!



    I am starting a Bitcoin mining farm in my warehouse for Passive Income.
    I am also mining litecoin which I’ll simply convert over to Bitcoin as its mined.

    I’ve been mining Ethereum for the past few months and I absolutely love the concept, but when ETH 2.0 hits, that will all change.

    It takes a lot of money to start, but its looking like as long as Bitcoin doesnt crash too terribly hard in the next 6 or 7 months, this should end up being an easily scaleable endeavor.

    I bought 3 Bitmain Antminer L3++’s and an S19J Pro with an L7 on the way.

    The S19J pro pulls over 3000 watts, the L7 Pulls 3400 watts and each of the L3’s want 800 watts to run. All of them prefer to run on 220 volts, which you typically only have at your stove and your drier and those outlets are busy.

    Im a miner now. With a mining farm.. Im a farmer now! Who came up with these terms? Follow me for progress updates on wether or not this worked out. Im pretty confident it will.

    #bitcoin #litecoin #mining

    View 45 Comments

    45 Comments

    5. Eric Gildersleeve on

      This is my first video on your channel. Very interested in what you are doing. Let's talk about those piles of lattice tower though. Looked like Rohn 20 or 25G from the quick frame.

    17. Bobby Davis on

      I stumbled upon your video and it hits home with me. Although I’ve spent about 100k on mining equipment this year. Half is ASICS and half is gpu… fingers crossed it should all be paid off by May 2022.
      Good luck to both of us!

    18. Fakumadda on

      Enjoyed this video as I did the same. Bought $25k in gpu's November 2020, mined for 6 months, then sold them for $50k. With that bought 1 Ck5, 2 x Z15's, 1 DR5 and 1 L7. Sure wish that L7 would get here as it's already a month late as you know. Good luck to all us nuts.

    19. Addison Aria on

      I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING…I THOUGHT TRADING DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVISE ME ON WHAT TO DO?

    20. Greg Biggs on

      Awesome video! I just ordered an Antminer L3+ and I'm waiting for a Rak HNT miner as well. I plan to buy an S19 pro after I see some profits roll in. I'm buying a building next spring and plan to start buying more after I altercate the building. Please post an affiliate link when you can.

    21. J D on

      Anyone else reading. The bubble will pop and anything blockchain will take a strong shit for a bit. After seeing three bubbles previous, the best money at the present is to have liquid cash ready to dump in once it goes to hell…… then you get rich.

    27. Anthony Charron on

      I just sold my old spirit animal and there's an opening…. hoping you wouldn't mind that I put you in to fill that void! I just found your channel and also am married to an extremely supportive wife to allow me to explore my "creative ideas". Beginning a new hobby to create some passive income by mining…. late bloomer (I know) but it sounds like fun…. wish me luck and congrats on your channel and thanks for the content!

    30. HeathFX on

      4 months later and wondering how this aged, you basically got in right when everything began slowly falling, really tanking last month.

    33. beef quiche on

      $MVIS had a PS Ratio above 1,000 in 2021 – that's unsustainable, even with a revenue CAGR of 100% (which it no longer has)
      The current PSR is ~270, which is still much too high, and revenue is falling (though I acknowledge that their revenues are cyclical

      IMO – move the investment across to $MARA

    34. J g on

      Nick I'd like to talk to you a little I'm on a similar journey for couple years now can I talk to you non scam please 🙏

    35. J g on

      Thanks for the video I'd like to brain storm with you some time . Is there a way to reach you ? And no I'm not a robot

    39. Daniel C Oprea on

      8 months later i came across this video ……& i looked at microvision stock, no need to look at crypto and i got to say….YOU POOR BASTARD 🤣🤣🤣. I hope you have some cheerful roommates cus you will need them for a long time….. ye` 5 figures earning man . 🤣🤣🤣

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