Bitcoin miners are F*CKED seriously, if Bitcoin doesn’t go up in price, when the Bitcoin halving happens, most BTC ASIC mining rigs will not be profitable, and depending on your electricity rate Bitcoin mining profitability is already in the dumps compared to last year.. Buy this miner instead of a BTC miner! https://voskco.in/tailsxch
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Over $20m in new Bitcoins are still mined everyday, but with the Bitcoin price under $30,000 and a BTC halving cutting the amount of Bitcoins mined per day in half less than a year away the future for Bitcoin miners is looking BAD! Bitcoin needs to triple in price for the average Bitcoin miners to turn a profit, some major Bitcoin mining farms are very competitive with cheap electricity rates but the game continues to change as the new Bitmain S21 bitcoin miner and Whatsminer M50 and M60s increase ASIC miner efficiency. All I am saying is beware and be aware.
⏰ Timestamps ⏰
00:00 This is going to be bad!
00:39 The miners I own
02:28 The Bitcoin halving of 2024
03:52 Situation of big Bitcoin mining farms
05:23 New Bitcoin miner is coming
06:12 How to buy a Bitcoin miner?
07:52 Which Bitcoin miners will survive the halving?
11:05 Bitcoin network hashrate analysis
12:44 My perspective on the Bitcoin halving
15:22 How will the Bitcoin halving affect me?
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#bitcoin #btc #mining #voskcoin #miners #miner #miningfarm #passiveincome #halving #crypto #cryptocurrency
20 Comments
Seriously though, how does an average Bitcoin miner survive the Bitcoin halving?
Vosk, please read this. Potential solution for your situation.
This echos my comment on your previous vid where you mentioned the halving but were promoting your new units. Bitcoin halving does NOT halve your profits, it halves your earnings. Your expenses stay the same while your earnings cut in half (technically more because the difficulty goes up constantly). This puts most people in the red. The solution is affordable renewable energy. For example, if you are using solar panels on your property and the electric company is not paying you for excess wattage, you may as well use that wattage on mining. This is a super rare circumstance where hobbie miners can profit.
Since you live in an area where solar is especially productive, this may be an option for you. Keep an eye out for the next generation of solar roof tiles by Tessla. It's not publically available till some time next year, but the material cost for the new version is SUBSTANTIALLY lower and the efficiency is higher. They have a 25 year warranty and are estimated to pay for themselves (subject to location, weather, and local electric costs) in 5-10 years. That's a minimum of 15 years profit. The ROI on those solar tiles can be put towards mining. Imagine mining basically for free for 15 years. I say solar "tiles" because they are just like individual roof shingles, not huge panels. That allowes for 100% roof coverage.
Dont know how long you are in crypto. But these are not only miners in the world. there are many more upcoming miners. Miners are shifting to green energy, thats just basically free money. And with the new Extreme ultraviolet lithography machines from Asml. Miner rigs are gonna be much much much stronger probably 10x hashrate. They probably have already made that. But most miners are switching to green energy. if you dont have the investment for green energy. then you are not gonna make it long in the mining industry
U met Rolf! Such a great dude
SOLAR IS THE WAY.
The L7 is a terrible machine. Every time I lose internet connection, even for just a few seconds, about half my L7s go offline and they don't come back online automatically. I have to manually reboot them to get them to hash again. Every time this happens, one or more L7s get damaged and lose a Hash board prompting me to send it in to Bitmain to get repaired. The L7 is a very fragile miner and can't handle losing power, losing internet without a change that one or more get damaged by these events.
Good video, Vosk.
I currently only see one way to enter the race profitably: SOLAR!
I need around 200 kw/h per day and can achieve this in several expansion stages with a solar system with self-built storage (Prisma cells).
The solar prices here in Germany are currently a joke, a Trina 440 watt module costs around 100 dollars.
Do you have a lot of space with you? Why don't you just start and quickly become infected with green electricity.
It's a lot of fun and a perfect extension for mining.
Won't the fees compensate the miners over time when the block rewards go down. I thought that is how thw system was set up.
Keep going. Just pick up another side hustle.
Or get kaspa rigs, as its supposed to get popular as shit.
Id like to get ahold of you. I only pay .064 per kw hour.
i buy cat stocks and co2 stocks and put profits into bitcoin
What happened to the Vosk solar farm?
keep crushing vosk
All I can afford is a s9. I just brought a my first miner l3. I have watched you grow. I understand the loss but I'm jumping in
Would like to talk if possible
why u mine bitcoin and no other coin?
About 52% of all BTC hashrate is controlled by only 2 miningpools. Black Rock is a main shareholder in both mining-companies.
BTC has become an extremely centralized crypto. Bitcoin will be regulated out of existence and BTC mining be taxed out of business.
BTC HAS NO FUTURE!
Its probably still pretty usefull if you can heat your house with it in the wintertime.
As someone who knew nothing about bitcoin mining, that was extremely edifying. Thank you and well done!
Don't ignore the risks. BTC is not functional as a currency and has no real enterprise uses. BTC is too slow, too costly and will not scale. Don't buy into hype. BTCs only value comes from mining and it is on a loosing track. Right now the energy cost eats up 65.2% of the returns. What happens in Apr. when it halves again? If the price is the same the energy cost would be 130.4% of your profits. No one will run a rig at a lose. It could be the last straw. Also there are way better crypto out. 'Hedera Hbar”. It is adopted by some of the worlds largest companies doing 3.5 billion transactions a month and has done over 21.7 billion transactions. It is average 1500 tps. BTC has yet to do 1 billion in its life time and it is 8 years older than Hedera. Search (Bitcoin Energy Consumption Index) From Brinkley.