These Bitcoin Miners Make $72,000 a Year

I spent $123,000 on 20 Bitcoin miners and 35 mining NFTs, and they’ve made me about $103,000. 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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I’ve spent $123,456 days after starting on this journey I’ve mined 2.4 Bitcoin which is worth $113,000 per day so was this worth it or did I just waste a bunch of money set it on fire well as of right now I’m mining roughly $6,300 worth of bitcoin per month in

Revenue which means these Bitcoin computers that I’m running earn me a yearly salary of $72,000 not bad Bitcoin as6 not bad and they work 24/7 with basically zero input from me so when it comes to passive income these are really passive now $120,000 plus invested and $500 days of

Mining it sounds overwhelming I know so let me break things down a bit so it’s a little little more manageable when I first seriously got into crypto back in 2017 I wanted to mine Bitcoin and maybe I’m not the only one who’s drunked of earning Bitcoin while they sleep however

It’s always been cost prohibitive obviously and I had no idea where I would host them or run them or what to even do with them and to top it off you really need to do a lot of planning if you’re going to run these machines at

Home they use a lot of power make a lot of noise and produce a lot of heat to be even more clear my machines use about 72,000 watts of power to operate and that’s all exhausted as heat an average desktop home computer when it’s running

At Full Tilt will consume like 200 or so Watts this means my mining machines use as much power as roughly 360 home computers and unlike those home computers these machines that I’m running to M Bitcoin used at 72,000 wats of power 24/7 so it’s really tough to

Run them at home unless you have a great way to deal with all that and you have cheap electricity and I didn’t really have any of that and plus when I first started investing in crypto I was struggling to even invest $1 to $200 a

Month so what I did was I just kept up with my little Investments and then I started doing a bunch of side hustles and I earned more money and then all that extra money I invested in crypto and eventually those little bitty Investments turned into much bigger amounts of money isn’t investing

Wonderful and it was in the crypto bull market of 2021 that all those years of steadily accumulating and being patient paid off I was able to take some of my profits and finally dive into Bitcoin mining and as I dove in I got to know the team over at musk Miners and I

Started buying Bitcoin machines from them which by the way there is a link to them down in the description with a coupon code in the summer of 2022 I purchased my first six Bitcoin mining machines for $896 per unit these were bitm S9 19 Pro 110 terahash as6 which in hindsight is a

Lot per machine now those same machines were selling for over 20 or even $25,000 per machine at the peak of the bull market so at the time of my purchase it did feel like a pretty good deal at $9,000 per unit but compared to right now yeah pretty pricey then later

In the fall of 2022 I bought 10 more units for $3,844 per machine better price but still high compared to now these were mostly bitmain s19 J Pro 104 terahash A6 then fast forward to four months ago and I bought three more units for $7,800 these were bitmain s19 K 12 120

Terahash units and now finally just over one week ago I bought Bitcoin mining machine number2 a bitmain S21 200 Tash Asic for $6,350 and then in between all of those Asic purchases I also bought 25 Bitcoin mining nfts from fraction mining for $7,500 and I also bought 10 Alpha shares

Mining Co Reserve entities for $10,000 in total that will pay me not only for the Bitcoin mining rewards that they earn but also payouts from their antimony element refining that they will do on the same side as their Bitcoin mining so in total that means I spent $13,000

$474 on my 20 Bitcoin Miners and 35 mining nfts which is $5,299 per machine on average not including the nfts and again now 500 days later after I started on this epic Bitcoin mining Journey thing I’ve mined 2.4 Bitcoin worth roughly $103,000 so now let’s talk about monthly earnings I’m currently mining around

$6,300 worth of bitcoin per month for 0.152 Bitcoin per month and my profit on that per month is $3,700 after spending a little over $2,600 a month on hosting these machines which includes the electricity costs and at this rate I will mine three full Bitcoins in 118 days however we are only

96 days away from the Bitcoin having but more on that in just a moment now if you take the amount of money that I spent and calculate my monthly profit as a return then the ROI on these machines is about 3% per month or 36% per year right now

Now that’s not break even time meaning the time it takes me to earn my initial investment back those are different things my break even happens in a little over 14 months from now but of course Break Even changes the moment that the price of Bitcoin changes and when the

Value of the miners change and I keep extending my break even when I add new miners to my stack now if Bitcoin went to its previous all-time high of $69,000 nice nice it did that in the next 6 months well my machines would break even from a revenue standpoint or

If in a year or two the price of Bitcoin goes to $100,000 or more then the price of the machines will go back up and I can sell them and recoup most or all of my initial investment and maybe even a healthy profit but that’s not even the

Full picture of where I’m at currently in terms of Break Even but more on that in just a second the question I want to answer right now is what do this whole experiment worth it so far well I think so I earn thousands in Bitcoin passive mining income every month right now and

When I crunch the numbers the math says I could earn more Bitcoin in total by mining than I could have bought if I just use the money directly to buy Bitcoin instead of buying all these machines but the jury is still out on that one but what I can say with

Confidence is that I will almost certainly make far more USD than I put into into this experiment for example if I sold my mining machines today I’d already be past break even and I’d be many thousands of dollars into profit already and that brings me to the really

Big reason I’m doing this and why I think it will be very worth it and that’s the hardware Arbitrage opportunity when the next Bull Run is in full swing and Bitcoin is trading at$ 100 to $200,000 or more please let it happen people will be scrambling to buy

Bitcoin miners it happens every single cycle well I will sell them my miners for a premium averaged out I think I will make back at least what I paid for all my machines if not having a really healthy profit as I sell them especially my most recent purchases like my s19 K

Units and my S21 of which I plan to buy more and here’s the really cool thing after I sell them and essentially negate my entire Hardware cost from this big experiment I’m doing I still get to keep all the Bitcoin I mind along the way way so my opinion this idea that I’m

Describing to you right now should really excite you if you have any interest in this whole mining thing now I do think this is a good time to share My overall thoughts on Bitcoin mining versus buying Bitcoin because that’s a very big question that a lot of people

Have and the short answer is I like doing both but L those I probably wouldn’t have gotten into mining if I didn’t already own some Bitcoin directly because mining is more of a gamble if you’ll actually get more Bitcoin for your money versus direct buying so I do

Both I buy Bitcoin and I mine Bitcoin and at this stage my direct investment into Bitcoin is about the same as my investment into Bitcoin mining and I’m viewing mining as a calculated bet from a USD point of view it will more than pay for itself most likely like I’ve

Already said the bet I’m curious about is whether it will accumulate more Bitcoin overall or not so I want exposure to both now let’s quickly talk about the skeleton in the closet the hav this is where roughly every 4 years the block reward is coded to be cut in half

If you don’t know what that means here it is as simple as I can state it the moment that the Bitcoin having occurs instead of the current 6.25 Bitcoin that are mined every 10 minutes there will only be 3.125 Bitcoins mined which means the moment the having happens all miners

Around the entire world will be making 50% less Bitcoin instantly and as of this moment as I record this video we are only 96 days away from it happening and that seems like a big bummer right maybe this whole Bitcoin mining thing isn’t worth it after all maybe I am a

Total dummy for trying this well there is a bit more to the story than just that but I might still be a dummy every single time that a having has happened so far the price of Bitcoin has skyrocketed in value in the six to 12 months after having so what I’m

Personally expecting and planning for is shortterm pain directly around the having where I’m either breaking even or maybe on some of my machines even losing a little bit of money mining I’m also planning on the long-term gain because even though the amount of Bitcoin I mind

Every day will be half as much that in the months after the having I think the price can actually go so high that I’ll be making more money than I am right now so now let’s answer the question is this a good time to start mining should you

Mine Bitcoin well if all this sounds good to you and you want to mine then yes M Bitcoin don’t let me stop you I mean besides all the money-making reasons there are to do it the reasons I do it I also think it’s a lot of fun I

Like geeking out about mining I like picking out the hardware and seeing BTC hit my wallet every day and I like supporting the Bitcoin network but on the flip side what are the downsides with jumping into mining well the things I think that are going to happen with

Bitcoin in the future could just not happen and these could never be all that profitable the machines could only go down in value over time you could have high hopes to flip your machines one day but those higher prices just never happen I don’t know the future and

Neither does anybody else I’m just basing my plans for Bitcoin and Bitcoin mining based on what I’ve seen in the past and hoping it happens again in the future but again this is all unknown so please do your own thinking about this don’t just buy things because I’m

Talking about them you should always go into stuff like this with both of your eyes wide open so if you do want to jump into this how do you do it well you can buy these machines have them shipped to your house and then just start mining that is provided that

You have figured out how to get them powered deal with the heat and you have cheap enough electricity for most of us though that might not be the case so I recommend you find someone to do all that for you for the past year and a half that I’ve been doing this whole

Mining thing I bought all my machines from musk Miners And they also host all my machines basically I send them money for the machines then they set them up at one of their facilities and then just get them mining they keep up with with all the maintenance if there’s ever any

Issue they solve it they handle any repairs for you and the kicker here is that they do all this while still providing cheaper electric rates than pretty much any residential electric rates in the US and especially cheaper than most places globally but what’s also really cool and something I talked

About earlier is this Hardware Arbitrage thing is that if you do decide to sell your machines in the Bull Run they will help you facilitate the entire process and make it super easy and if you do decide to mine with them they can often

Get you up and running in a week or less the level of customer support that they provide is pretty awesome and a big reason why they are my goto for buying machines and hosting them there’s a link to their website in the description with a coupon code and if you want to contact

Them just go to the website click on contact us and then you can send them a text message to the phone number displayed there and they will be more than happy to answer all the questions you have so what does the future of all this mining stuff look like I will have

Mined just under three full Bitcoins by the having event then in the next year after the having I will mine just over four full Bitcoins I’m aiming for $150,000 to $250,000 Bitcoin in the next bull market hopefully later this year or in 2025 and that would mean I Min

$600,000 worth of bitcoin all the way up to the mystical magical $1 million worth of bitcoin I’m really excited to see if that all actually play out or not of course I’m not just mining Bitcoin I’m earning $30,000 plus per month with crypto passive income strategy that I use watch

This video to see all the sources of crypto income that I’m using right now so you can get some more ideas for yourself goodbye