I spent $92,000 on 16 Bitcoin miners and they’ve made me about $30,000. Was this a huge mistake or is Bitcoin mining worth it? I break down all my numbers and what I would or would not do again if I got to do it over. ▼▼
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37 Comments
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Great update on your Bitcoin mining rigs! Congratulations!
Of course it is! Because it will mine another BTC, and another BTC, and another… and then the hardware is paid off and its all profit
My man. Great vid Andy. Wish I'd of found your videos 20 years ago. #Kadenatothemoon
I DREAM OF MINING BITCOIN WHEN I SLEEP AT NIGHT
Why would you sell them rather than just keep mining and making the money though?
don't forget to add halving to future calculations, only 1 more year
Andy: hosting is typically around $0.075 – $0.085 per kWh which is around $180/per month. So for 16 units you should be paying ~$2,880/month, not $1,800/month. Did you just work out a sweat deal or are you paying a portion of the hosting with BTC?
That’s why buy and stake eth
I was trying get hold of them,, never answered me ;( invested money to something else
How is the kadena mining going for you nowadays? I remember mining 40 kda per day on 12 th/s 2 years ago, must be tougher now with electricity costs⚡️
Andy, great 👍 content, nice to see you putting out content like this! Miss you brother; also congratulations on your 16 miners I think you are ready for some solo mining hitting just 1 solo block a year would put you ahead, I got just about 2x miners on solo and the rest in pool mining and so far I am ahead 4X I think you can do the same, try it out for 4 months let me know!
Spectacular video. Thanks.
Andy it seems like you are ready to cash out of BTC mining. Why recommended it to newbies?
Could you please do a complete Tutorial how to get everything Set Up?
At this point, losing money to crypto is a rite-of-passage.
Happy you moved that Anchor protocol money to Musk Miner BTC miners. Too bad your $48K was lost.
I noticed your strategy to sell your miners at the next bull run. Smart, considering rising mining difficulty and next halving of mining rewards.
Then use those sale profits to by the newest, better hash-rate miners.
Great video brother. Love your editing 🙂
Now btc mining machine like s19jpro available at 1200 dollar brother
Forgot to add in electric ⚡️ costs lol
whats the best way to contact you?
Motherboard Asus B250 Mining Expert – NOVA na caixa
200 €
Hey @andy, have you considered other people such as subscribers getting involve in your btc miners and we pay you a % for service and get some passive returns?
How do you get and keep your drive?
I bet your returns past few days been insane.
Is the 30K monthly revenue after you deducted the hosting and electricity cost? Makes all the difference. Also, mining difficulty is steadily increasing. I can predict now already that ROI wont be 2 years in total. Even though you seem to be halfway after a year.
The BTC network hashrate has nearly doubled in the last year and is increasing at an exponential pace. The same BTC miners are now mining 45% less BTC than they did 9 months prior.
It's not impossible to know, I bought mine at the bottom.
I spend 46.000,-. US $ (3.2 BTC) for 14 S-9 ALT-miners doing cloud mining, and took me 9 months to mine 1 Bitcoin, being worth 3.450,-. US $ end 2018…Basically turned 3.2 BTC into 1 BTC during the 2018 bear market…..Still got my 1 Bitcoin though…
Have you considered the depreciation rate of antminers escpecially when halving is coming up? Every year your "old" antminers will be absolutely crushed by new and improved antminers
But aren't you gonna lose mining revenue after each halving?
Forgive me if I missed this but what miner did you use?
just buy, don’t waste tour time with mining
Hey Andy, which machines you are using to mine BTC? Thank you!
Hey Andy, great video – thank you! What mining pool are you using?
dickead boast
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