What miners need to know about Bitcoin right now

In this video I go through the current state of Bitcoin mining for 2024, covering everything you need to know about mining Bitcoin and buying Bitcoin miners. I talk in depth about the Bitcoin halving coming up in 2024, network hashrate growth, Bitcoin mining profitability and what the best ASIC miner for Bitcoin is.

Please note: this description contains affiliate links, which means if you make a purchase through those links, the channel gets a small commission at no extra cost to you. Using these links helps support the channel, thank you!

𝗖𝗢𝗜𝗡𝗟𝗘𝗗𝗚𝗘𝗥 𝗠𝗔𝗞𝗘𝗦 𝗖𝗥𝗬𝗣𝗧𝗢 𝗧𝗔𝗫 𝗦𝗨𝗣𝗘𝗥 𝗘𝗔𝗦𝗬
📝 ➞ https://bit.ly/seb-CoinLedger
Use above link & code: SEB for 10% discount!

𝗖𝗛𝗘𝗖𝗞 𝗢𝗨𝗧 𝗖𝗢𝗜𝗡 𝗠𝗜𝗡𝗜𝗡𝗚 𝗖𝗘𝗡𝗧𝗥𝗔𝗟 𝗙𝗢𝗥 𝗔𝗦𝗜𝗖 𝗠𝗜𝗡𝗘𝗥𝗦!
🌟 ➞ https://bit.ly/seb-CoinMiningCentral

𝗠𝗜𝗡𝗘𝗥𝗦 𝗠𝗘𝗡𝗧𝗜𝗢𝗡𝗘𝗗 𝗜𝗡 𝗧𝗛𝗜𝗦 𝗩𝗜𝗗𝗘𝗢
🤖 ➞ S21: https://bit.ly/seb-S21-200THs
🤖 ➞ M60: https://bit.ly/seb-M60-156THs
🤖 ➞ S19 XP: https://bit.ly/seb-S19XP-141THs
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🤖 ➞ M31: https://bit.ly/seb-m31s-80THs
Use above link & code: SEB for a $120 discount!

𝗠𝗘𝗡𝗧𝗜𝗢𝗡𝗘𝗗 𝗩𝗜𝗗𝗘𝗢𝗦/𝗟𝗜𝗡𝗞𝗦
How to run ASIC miners at home:

Spreadsheet:
https://docs.google.com/spreadsheets/d/1PhOFT39J9xaAGspeNyTQMh2f0alO3_8engzMLOrxN0c

BTC price cycle graph:
https://charts.bitbo.io/cycle-low-multiple/

BTC miner price graph:
https://data.hashrateindex.com/chart/asic-price-index

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𝗠𝗬 𝗢𝗙𝗙𝗜𝗖𝗜𝗔𝗟 𝗠𝗘𝗥𝗖𝗛 (𝗧-𝗦𝗛𝗜𝗥𝗧𝗦, 𝗦𝗧𝗜𝗖𝗞𝗘𝗥𝗦 𝗘𝗧𝗖)
👕 ➞ https://www.gpuheadz.com
Get something AWESOME & support the channel 😊

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🌟 ➞ https://bit.ly/seb-CoinMiningCentral
Use above link & code: SEB for a $120 discount!

𝗠𝗬 𝗧𝗢𝗣 𝟱 𝗠𝗜𝗡𝗘𝗥𝗦 𝗧𝗢 𝗚𝗘𝗧 𝗥𝗜𝗚𝗛𝗧 𝗡𝗢𝗪
🤖 ➞ Great miner if you have expensive power: https://bit.ly/seb-Jasminer
🤖 ➞ Sweet-spot BITCOIN miner: https://bit.ly/seb-S19Kpro
🤖 ➞ Best DOGECOIN+LITECOIN miner: https://bit.ly/seb-L7
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🤖 ➞ Great miner most people don’t know about: https://bit.ly/seb-Z15-Pro
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𝗠𝗬 𝗧𝗢𝗣 𝟱 𝗠𝗜𝗡𝗜𝗡𝗚 𝗚𝗣𝗨𝗦 𝗧𝗢 𝗚𝗘𝗧 𝗥𝗜𝗚𝗛𝗧 𝗡𝗢𝗪
✨ ➞ Good at everything: https://amzn.to/3FIzpSO
✨ ➞ Incredible at some coins: https://amzn.to/3yXr3mn
✨ ➞ If you want a beast: https://amzn.to/3FJTpEv
✨ ➞ Cheap & power efficient: https://amzn.to/3FIXngL
✨ ➞ For very low power rigs: https://amzn.to/3FEHp79
As an Amazon Associate I earn from qualifying purchases

𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗨𝗦𝗕 𝗠𝗜𝗡𝗘𝗥𝗦 𝗙𝗢𝗥 𝗦𝗢𝗟𝗢 𝗠𝗜𝗡𝗜𝗡𝗚
🚀 ➞ https://bit.ly/seb-BTC-lander
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𝗔𝗜𝗥𝗙𝗟𝗢𝗪 𝗣𝗥𝗢𝗗𝗨𝗖𝗧𝗦 (𝗚𝗥𝗢𝗪 𝗧𝗘𝗡𝗧𝗦, 𝗘𝗫𝗛𝗔𝗨𝗦𝗧 𝗙𝗔𝗡𝗦 𝗘𝗧𝗖)
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𝗧𝗥𝗬 𝗛𝗶𝘃𝗲𝗢𝗦, 𝗠𝗬 𝗙𝗔𝗩𝗢𝗨𝗥𝗜𝗧𝗘 𝗠𝗜𝗡𝗜𝗡𝗚 𝗢𝗦, 𝗙𝗢𝗥 𝗙𝗥𝗘𝗘
🖥️ ➞ https://bit.ly/seb-HiveOS
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📦 𝗚𝗘𝗡𝗘𝗥𝗔𝗟 𝗔𝗠𝗔𝗭𝗢𝗡 𝗟𝗜𝗡𝗞𝗦
Mining rig tools: https://amzn.to/3qhqVLc
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📦 𝗚𝗣𝗨 𝗠𝗜𝗡𝗜𝗡𝗚 𝗥𝗜𝗚 𝗣𝗔𝗥𝗧𝗦
GPUs & risers: see above
Motherboard: https://amzn.to/3lxONKS
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📦 𝗖𝗣𝗨 𝗠𝗜𝗡𝗜𝗡𝗚 𝗥𝗜𝗚 𝗣𝗔𝗥𝗧𝗦
CPU: https://amzn.to/3NafFd7
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𝗝𝗢𝗜𝗡 𝗧𝗛𝗘 𝗖𝗛𝗔𝗡𝗡𝗘𝗟 𝗙𝗢𝗥 𝗕𝗢𝗡𝗨𝗦 𝗖𝗢𝗡𝗧𝗘𝗡𝗧
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𝗟𝗜𝗦𝗧𝗘𝗡 𝗧𝗢 𝗠𝗬 𝗠𝗨𝗦𝗜𝗖 𝗢𝗡 𝗦𝗣𝗢𝗧𝗜𝗙𝗬
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𝗘𝗠𝗔𝗜𝗟 𝗙𝗢𝗥 𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦 𝗘𝗡𝗤𝗨𝗜𝗥𝗜𝗘𝗦
✉️ ➞ sebsfintech@gmail.com

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None of the content in my videos or elsewhere is direct advice, financial or otherwise. Everything said is for entertainment purposes. You do things at your own risk & are responsible for your own actions. Do your own research.

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📼 𝗩𝗜𝗗𝗘𝗢 𝗖𝗢𝗡𝗧𝗘𝗡𝗧
00:00 The current state of Bitcoin mining 2024 – Introduction
00:41 CoinLedger ad
01:32 What are Bitcoin miners?
02:55 Were to buy Bitcoin miners
03:15 Best Bitcoin miners for 2024
06:19 Is buying a Bitcoin miner worth it in 2024?
06:48 Bitcoin ASIC miner prices explained
10:19 Bitcoin halving explained & aftermath
12:32 How reliable is Bitcoin mining?
14:23 Bitcoin network hashrate & mining profitability
17:46 New Bitcoin miner generation
18:52 Bitcoin mining competition
19:59 How Bitcoin network size affects miners
21:06 Summary
23:04 Coin Mining Central ad
24:37 My personal thoughts on Bitcoin miners

#cryptomining #altcoinmining #gpumining #specmining #speculativemining #cpumining #altcoins #bitcoinmining #bitcoin #cryptocurrency #hashrate #coinminingcentral

So I’m seriously considering buying a Bitcoin miner even though I don’t expect I’ll ever break even by mining on it but you’re going to have to watch until the end to figure out why because in this video I’m going to lay out everything you need to know about the current state

Of Bitcoin mining we’re going to talk about haling net has growth best as6 to get depending on your circumstances and more and don’t worry if none of that made any sense to you because I’m going to explain everything in simple terms so that at the end of this video you’ll

Know everything you need to know to help you arrive at your own conclusion on if you should buy a Bitcoin r or not which is the main purpose of this video so before we get started just know that nothing in this video is financial advice and now let’s get right into it

After a quick word from our sponsor coin Ledger is a crypto and nft tax software built to save you time and help maximize your tax refund thankfully Co ler has made the process of doing this super easy all you have to do is sign up for an account and link your crypto wallet

That’s it what coin lger then does is it looks at the transaction do of those wallets and uses that to automatically generate a tax report for you in your country’s local currency you can then take this report and Export it into any tax filing software like Turbo Tax or

Tax Act or you can send it off directly to an accountant best part is that if you use my link in the description below you can sign up and use coin Ledger entirely for free and once you’re happy with the reports and are ready to export

You can save 10% by using my discount code Seb so make sure you click on that link in the video description below for more details most of you probably already know this but to mine Bitcoin profitably you need to be running an Asic Miner like this one from bitmain

They are purpose-built machines just for mining the Bitcoin algorithm and the point of these machines is that they get an extreme amount of mining performance measured in Terra hases for the amount of electricity they use measured in watts this is commonly referred to as their mining efficiency and can be

Easily measured as watts per terahash a practical example of of how this works is that if say you were to mine Bitcoin on a regular computer’s CPU the amount of power that CPU uses would cost more than the amount of Bitcoin it mined is worth because a regular computer

Processor has much worse mining efficiency than a dedicated Bitcoin Asic Miner has now these Bitcoin mining machines are loud use a lot of power and produce a lot of heat but you can actually run them at home and manage all of those issues I have a full video on

How to do that which I’ll link down below it talks about how anyone can power these machines at home make them basically completely silent and how to easily get rid of all of the heat they produce or use that heat to warm up your house in the winter for free if you’d

Rather but with that out of the way I thought I’d just quickly kick this video off by going through sort of the current landscape of notable Bitcoin miners that are currently available to purchase and kind of how they stack up against each other and I’ll have affiliate links as

Well as a discount code for all of these miners down in the video description at coin mining Central which is the only Asic reseller I know I can fully trust to recommend to you guys so if you make a purchase through those links the channel gets a small commission at no

Extra cost to you and of course don’t forget the discount code down there all right starting with the highend we have the bitm S21 which is the most power efficient regular aircooled Bitcoin miner available to order this is the latest generation miners that were just announced by bitm and it does 200

Terahash at just below 18 watts per terahash the downside of these however is of course that they are expensive and something else to note here too is that they are not shipping out to customers until January at the earliest and to be in that first batch you also have to pay

A premium but to compete with that one we have the also newly announced wats Miner M60 and m6s line which are close to the S21 in efficiency but most importantly they are actually shipping out to customers now so you’ll get it right away they are also Al cheaper than

The S21 well except for the highest end one which is a few hundred bucks more so slightly less efficient but more affordable in a way both by varying degrees depending on which model you choose of course but for example the cheapest one does 15 156 terahash at

Just under 20 wats per terahash next we have the s19 XP which again is a step down in efficiency but also a step down in price one thing I will say about this specific model though is that they have a reputation of breaking and you’d probably be better off either taking a

Step up or down to avoid these but for reference these do 141 terahash at 21.5 wats per terahash and speaking of that next we have what I think is the absolute Sweet Spot between efficiency and affordability right now which is the s9k pro which does 120 terahash and its

Efficiency is still very respectable at 23 wat per terahash in contrast to the top end S21 that gets just under 18 wats per terahash but the s19 K Pro is of course significantly cheaper per terahash so that’s probably the best balance between efficiency and price right now but I’ll speed through some

Even cheaper options in descending order so we then have the Canan Avalon a13 Series where I think the 110 terahash one is probably the most notable model with 30 watts per terahash next is the Watts minor m30 plus plus with 100 trash at 32 watts per terahash followed by the

Bitman s19 that gets 19 terahash at 36 wats per terahash and finally for one of the best deals I’ve seen in a while just in terms of price per terahash we have these used wats Miner m31s pluses that does 80 trashes at 42 watts per terahash

And so I put all of these miners that I’ve just been talking about in a spreadsheet here so that you can easily compare watts per terahash versus dollar per terahash which are the you know two things you need to always strike a balance between when buying mining

Hardware and where that balance point is is always going to depend on your personal circumstances and preference for fun I even made this nice little chart to visualize the numbers but what I’ll do is I’ll link this spreadsheet Down Below in the video description if

You want to have a closer look at all of this okay so now that we hopefully have a better idea of what ASC we should be buying we need to ask ourselves should we actually be buying one right now and I’m going to go over this by sharing a

Pros versus cons list that I actually put together for myself when looking into if I wanted to buy a Bitcoin Asing for my own personal at home mining farm so when making this list I ended up with four pros and three cons so this just alternate between pros and cons starting

With the first pro and that is that Asic prices are still very low right now and probably will not dip any lower again during this 4-year crypto cycle so if you’re unfamiliar the crypto Market has historically without fail worked on a 4year cycle where every four years we

See a massive bull market for about one year straight where almost all crypto prices across the board increase like crazy and then we get a price crash and a 3year bare Market of low crypto prices before the cycle starts over all again and if history were to repeat itself

Again we are kind of getting close to the end of this 3-year down period soon but why this is relevant is that of course when coin price are low mining profitability is also low which means mining Hardware prices go way down too meaning that right now mining equipment

Is relatively speaking super cheap and there’s actually a fantastic chart you can find online that has tracked the price of specifically Bitcoin Asic miners over time and basically each color line here represents the same generation of Bitcoin mining hardware and it tracks the dollar price per

Terahash so the same metric I used in my spreadsheet cheet that we looked at a minute ago and as we can see here prices are very low right now but we can also see that in the bull market the prices go way way up even for older generation

Bitcoin Miners and what this means for us is that not only are we able to get miners for very cheap right now but also that the actual miners themselves can be an investment for example if we were to buy this 19 Tash s19 we saw at coin

Mining Central for a bit over 1,000 bucks that one would fall roughly on the orange line here which we can see is a bit over $10 per terahash now now granted this Orange Line might not go all the way up to the $120 per terahash

Mark again like it did in 2021 here as then it was part of the latest generation of Miners and this next time it will be one generation old so it’s more realistic to speculate that it might follow what the yellow line did back in 2021 reaching just under $100

Per terahash and if it does that of course means that this $1,300 990 terahash Miner would be worth almost $99,000 at the next hypothetical price Peak and if you’re wondering about the value of used mining Hardware well historically during the Crypt bull markets there have been such a shortage

Of miners that used units basically sell for the same price as new units of the same model but let’s say that for some odd reason it’s way worse this next time around and the graph only goes half as high as it did last time that still

Means you’ll be able to sell this $1,300 Asic for something like $4500 meaning you’ve more than tripled your money and that’s before you’ve even turned the The Miner on and mined a single bit of BTC on it and I’ve actually heard a lot of people buying specifically Bitcoin miners with no

Intention of ever mining on them just to resell them in a year or so when they expect the price of these miners to Skyrocket again now is it certain to play out this way I have no idea nobody does because we can’t tell the future

All we can do is look at the history of what’s happened previously and see how that lines up with the current situation we’re in and graphs like this one really helps with that by putting things into context but maybe even more so this next graph we’re going to look at as we

Discuss the first con of buying a Bitcoin Asic Miner right now and the first con is of course the upcoming Bitcoin block reward having which is that once every four years the amount of new Bitcoin paid out to miners for for every new block is cut in half and

Practically what this means is that at that point every Bitcoin miner is going to start making exactly half as much money every day compared to how much it was earning before the haling and at the time of recording this video we are just about 4 months away from this haling

Meaning that if you buy a BTC Miner now after 4 months of mining on it it’ll start making half as much money every day that is of course unless the price of Bitcoin were to go up before then and you might be asking yourself what this

Graph I mentioned is well it’s this one and what we’re looking at here is the price of Bitcoin centered around each Bitcoin blocker wood having so basically they’re taking the price of Bitcoin going 2 years before and 2 years after the haling and laying them on top of

Each other with each 4-year period or era as they’re calling it being a different color and what we can see here is that the two years before the hving we see low coin prices generally but after the haling prices start to just go up and up and up for about 500 days

Before finally starting to crash down again now we can’t say for certain that it’s the Bitcoin haling that triggers the bull market to start but there really seems to be a very strong correlation here doesn’t it and also when you think about it logically it kind of does make sense with the haling

You are cutting the supply of new Bitcoin coming onto the market by half overnight and lower Supply usually means higher demand and higher demand usually means price goes up so wait what was the con again well it’s that in about 120 days all Bitcoin miners will start

Earning half as much BTC every day so there’s likely to be a period after that where most of you won’t be able to run these Asic miners profitably until the Bitcoin price hopefully reaches about twice the price it is now or the network hash rate goes down more on that in just

A bit but first let’s talk about the second Pro of getting a BTC Asic right now and that is that even though the having is coming up Bitcoin is probably one of the most reliable coins to be mining now when I say reliable what I mean is that out of all the thousands

And thousands of cryptos Bitcoin is probably the one that is least likely to go away or crash like crazy of course you can buy miners for all different kinds of coins even for very low market cap coins or even for coins that have only only existed for less than a few

Months in some cases and the newer or smaller a coin is of course the more risky it can be to buy a miner for that coin as neither of them are established enough to be able to be considered a reliable income source for miners for

Example if you buy a miner for a brand new coin that coin has no track record of being legitimate meaning there’s a risk the coin might just be a quick pump and dump scheme by the Creator and if that’s the case well then the Miner you bought for that coin might just be

Completely useless after the Creator runs away with all the money and we’ll get more into why coins with tiny market caps are risky to buy miners for a bit later in the video but in short a small market cap obviously means the coin isn’t very highly valued meaning it

Can’t pay out very much to miners which then in turn means there isn’t very much money to be shared among the miners for that coin but Bitcoin on the other hand is basically the exact opposite of both of those things because not only is Bitcoin of course the very first crypto

Ever meaning it’s as established as it gets but it’s also the biggest crypto there is both in terms of market cap as well as just coin price overall and while other coins like ethereum has done detrimental things like switching from mining to staking meaning it’s no longer

Possible to mine it there’s pretty much no risk of something like that happening to bitcoin for reasons that are a little bit beyond the scope of this video moving on to our second condo and that is that the total Network hash rate for bit coin basically it keeps climbing

Every single day so in mining the amount of coins paid out to miners is a fixed amount every day and in simple terms those coins are shared equally between all the people mining the coin based on how much hash rate each person has so with the total hash rate for Bitcoin

Growing every day that means that every day your Asic Miner is going to make a bit less Bitcoin than the day before because every day the amount of hash rate your Asic provides becomes a small smaller portion of the total Network hash rate but the question we have to

Ask ourselves here is how much do that actually matter though because we might be mining slightly less Bitcoin every day but at least we’re still getting some Bitcoin every day and your motivations for wanting that as well as you know your mining strategy and your circumstances for mining like your power

Price are all going to be highly individual but for many of you getting some Bitcoin every day even if that amount shrinks they by day is still going to be better than getting no Bitcoin but the biggest factor that is going to play a role here is of course

The profitability basically meaning is the amount of Bitcoin you are mining every day worth more than the price you’re paying for the electricity to run your Miner because otherwise you’re better off just taking the money you would have spent on Power and just outright buy Bitcoin for that money

Instead so let’s take the s19 K Pro The Sweet Spot minor I talked about earlier and use that as an example currently that Miner makes about $11 of Bitcoin every day and at an electricity price of 15 cents per kilowatt hour which is kind of a high average residential power rate

Depending on who you ask running this minor costs about $10 per day so that means that running this minor you get $1 worth more of a Bitcoin every day by mining as opposed to buying the coin of course as the network hash rate grows those $11 will decrease slowly until you

Hit $10 and at that point you’re better off just buying the coin instead except if during that time the price of Bitcoin has gone up because that of course means that the Bitcoin you’re mining every day is worth more even though the amount of coin you’re receiving is shrinking there

Is of course also the possibility that the network hash rate might start to decline instead of grow and we actually might see that happening after the halving because as we know when the haling happens all Bitcoin mining payouts will be cut in half and that means that everyone who at that point is

PID paying more than half in power compared to what they’re earning mining Bitcoin will become unprofitable for example if you’re earning $10 worth of bitcoin every day but paying more than $5 in power you’d be unprofitable after the haling and at that point you’re better off just shutting down your minor

And buying the coin instead of course unless the Bitcoin price goes up or the network cash rate goes down now it is of course impossible to know how many people have power that cost more than half of what they’re earning mining Bitcoin but most likely it is at least

Some percentage of the total Network hash rate that are currently mining that will become unprofitable and have to shut off at that point lowering the network cash rate as a result but if that plus an eventual coin price increase will be enough to keep you profitable well that is something I

Can’t predict for you but that leads me to our next Pro which is that as we know the latest generation of Bitcoin miners just released meaning we can get in early on these new most efficient miners and how that relates is that of course the less power your minor uses per

Terahash the bigger the margin between what you’re paying for power versus how much you’re earning is and getting in early on a new generation of miners will in theory set you up to be in the best possible position to stay profitable for as long as possible and more relevantly

To be as competitive as possible because of course in a hypothetical world where everyone pays the same price per kilowatt Hour of Power it would be the people with the oldest and least efficient acing miners that would become unprofitable and have to turn off their miners first which would then lower the

Network hash rate and increase the profitability for all the people with more efficient newer generation Asic miners now unfortunately this relates closely to our last con because obviously we don’t live in a world where everyone has the same power price now in reality the fact is that there are

Plenty of massive Bitcoin mining Farms out there that use very old mining Hardware but will still stay profitable even after the haling as they are paying close to nothing for power now this is a bit exaggerated because while it is true that there are plenty of huge Bitcoin

Mining Farms out there with extremely cheap power those Farms of course have other expenses like renting the facilities are in paying the staff that operates the farms and so on but what this last con boils down to is that specifically in Bitcoin mining you are up against the tough EST competition

Possible since there is so much money to be made in Bitcoin mining you know that is going to attract the people with the best circumstances the biggest budgets to build out farms and the most knowledge and experience to do so it’s because there are others with better circumstances than you doesn’t mean

There’s nothing to be gained for you and with how big Bitcoin mining is it also works as an advantage for us more on that in my last Pro and then we’ll wrap up with a quick summary as well as what my final conclusion for my own Farm is

So the fact is that Bitcoin is currently paying out over $20 million worth of BTC to its miners every single day and with a total Network hash rate of 550 EXA hash that means there is the equivalent of 5.5 million 100 terahash A6 currently mining Bitcoin so why is this a pro for

Us well practically speaking to see a 10% reduction in mining rewards over half a million new Bitcoin as6 need to be produced purchased shipped and deployed and with such a massive amount of money paid out to miners every day each new Asic that comes online will only reduce everyone’s payouts by a

Minuscule amount as there is so much money to be shared in contrast to this we can look at a tiny coin like grin that only pays out a bit over $4,000 per day to Miners and to reduce everyone’s mining rewards by 10% only 25 new grein as6 need to come online no not

25,000 or even 2500 new as6 25 total new as6 so hopefully that puts into perspective the absolute scale of the Bitcoin network but where does this all leave us well let me quickly summarize all of this and then I’ll tell you what my personal conclusion is all right so

Buying a Bitcoin Asic as an at home minor isn’t very straightforward at all on one hand we probably won’t see prices on bitcoin miners go any lower than this during this Market cycle and that together with the fact that the latest generation of miners was just released

Makes for a good case to purchase now in order to get in early on this latest generation at a very low price but in contrast to that the reality is that not only is the network hash rate for Bitcoin growing every day but we also have a haling coming up that will cut

Mining rewards for all Bitcoin miners in half very soon you’d have to make your own predictions on how you think that having will affect the network hash rate and coin price which in turn will affect the potential profitability of any Miner you’re looking at buying but after

Considering those things we can at least feel somewhat secure in that Bitcoin mining specifically is probably the most reliable income source for miners as the sheer size and track record of Bitcoin means it’s not likely to go anywhere any time soon of course that also means that

The competition when mining BTC is as tough as it gets within mining because of course the bigger a coin is and the more a coin pays out to miners every day the bigger the business around mining it is going to get meaning the people with the most favorable circumstances for

Mining are going to Target that specific coin and finally we also need to acknowledge the fact that since Bitcoin has such a massive Network and pays out so much to miners every day it takes a lot of new hardware coming online to reduce the mining rewards in any

Significant way so next let me tell you my personal interpretation of all of this and what I am planning to do based on it but first a quick word from our sponsor coin mining Central is an online store for Asic Miners And there’s no doubt that right now Asic mining is by

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Point they also care about this community being very active and reachable on social media and they’ve also provided loads of exclusive discount codes for you guys that you can use together with the link in the video description to save big on any minor that you want to get and speaking of

Prices I don’t know if you’ve noticed but Asic prices have been dropping dramatically these past few months so right now could be a very good time to stock up on some cheap Hardware before the crypto Market recovers especially considering you get the already competitive pricing that coin running

Central has plus the free worldwide shipping plus the exclusive discount codes that I mentioned so go check that out today I’ll have all of those discount codes and the exclusive link for you down in the video description so where does all this leave me personally well I’m actually seriously considering

Getting a Bitcoin miner even though I don’t expect I’ll ever theoretically Break Even or Roi on the Machine by mining on it but here’s my personal plan SL prediction of how buying a minor will play out for me I get something like The Sweet Spot s19 K Pro that I mentioned for about

$2,500 and it’ll probably be slightly profitable mining on it for me until the haling making me about 11 bucks a day in BTC while costing roughly $9 in power at my electric rate so as you can see I’m obviously not going to Roi on a $2500

Machine by mining two bucks of profit a day but you can probably tell where I’m going with this so after let’s say days of mining before the haling I’ll have paid 2500 all right my light just went up but we’ll keep going we’ll keep going

So after let’s say a 100 days of mining before the haling I’ll have paid 2500 for the miner 900 for power and I’ll have about $1100 worth of bitcoin at that point because of the halving The Miner most likely won’t be profitable for me for a good while until the

Bitcoin price at least doubles from where it is now but it is my personal prediction that the Bitcoin price PR probably will at least double if not triple from here still before the peak of the next potential bull market so at that point Not only would the BTC I mind

Now be worth at least double so about $2,200 or more but I might also be able to sell the minor itself for at least double what I bought it for maybe even triple or more and that’s also not to mention that I’m likely to get a good

Few hundred days more of mining with it than during the bull market at pretty good profitability before I decide to sell it now all this is of course based on my own personal prediction which is that we’ll see another bull market in about a year from now and the price I

Expect Bitcoin to hit during that potential bull market but of course that is all just speculation based on everything I have laid out in this video and now it’s time for you to make your own prediction on how you think things will play out please subscribe for more

Mining videos and over here on the screen I’ll put a video video that goes more into detail on how this you know 4year crypto Market cycle works as well as a video that explains more in depth how mining profitability Works in real life so I’ll see you there thanks for watching