Bitcoin Mining Isn't Profitable Anymore FOR YOU

The Bitcoin Mining game has changed since the halving. BTC Mining isn't as profitable as it used to be. Let's break down the profitability of the bitcoin miners we have running, how much they're earning, how much they cost in electricity to run, and where their breakeven point is. Are there some better mining alternatives? Should we have just bought bitcoin instead?

⏰ Timestamps ⏰
00:00 I am losing money mining Bitcoin...
01:18 How much are my 20+ Bitcoin miners making?
05:58 How to realistically mine Bitcoin
10:42 How will the bull run affect BTC mining?
13:35 Why I'm more bullish on crypto than ever
18:07 Bitcoin mining is just not worth it

VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
#Cryptocurrency #Bitcoin #VoskCoin #BTCMining #BTC #PassiveIncome #CryptoMining

[alanluster]

I up, back when BTC was $1k. I sold 50 BTC, flew to China and bought $50k worth of miners. All the BTC I made mining, I had to sell to pay the electric company. Now my Bitmain S9 miners are worthless. I should have just held my 50BTC, I would have millions.

[EVGUY]

What most people don't realize is with a mining business, you could write your electric bill off as operating costs of the business. By paying out of pocket to run your miners, you can then take that and write off your electric bill as an operating expense to keep your miners up and running. Yes it's more work, but you don't lose.

[zombiatorhire]

Ive been mining 4 years now. The environment is so different. Profits are hard to come by for those of us without a LLC or secondary income from videos/merch/links. The at home miner from the garage is all but a memory now.

[thaironmantis]

Should I invest in one of those apps like bitcoin Mining they sell TH/s .?.

[joek]

Love the tone and honesty of your videos. So many creators in this space are just pumping the coin they are most invested in or pitching their sponsor. Really appreciate the self reflection of your channel.

[roberthall]

I’m feeling the same way 18 months ago I had 5 BTC machines making .005+ a day now I have 32 machines making around .0022 a day. It’s a looser unless BTC goes to the moon, difficulty now over 100 it’s crazy. I have 20 L7s I use them to pay the deficit on the BTC miners. I wish I could do solar but the cost to set up is crazy high, never get a return in my lifetime and I live in Texas, plenty on sunshine . I do like mining but it’s not for the weak hearted.

[nickdaniels]

Liquidate when it makes sense and keep enough infrastructure to continue the media side of the business going. Build out solar for that. Buy BTC with proceeds from the liquidation (or sooner, if possible) and hold long term. At some junction there will be a good way to yield a SMALL percentage off BTC through lending and L2 fees/usage. Have enough BTC to be able to indefinitely live off that yield, whatever you think may be possible. Then the farm and media become a bonus with nearly free power.

[pinoytradesman]

Hey Vosk! Been following you like everyday. I was wondering with the recent election of DT. BTC went up. Do you think you would have made more money if you just bought BTC with the money you used to buy the machines? I think you and I are on the same boat. I already have a 2MW solar farm powering my machines with solar, but it still doesn't make sense. It makes more sense to sell the electricity back to the grid at generation prices.

[Chuck]

That’s why I like this channel, Vosk keeps it real. 👏👏👏

Improvise. Adapt. Overcome!

Take the weekend off man. 👍

[heqcmri]

True, honest reviews! keep them coming

[cwjyzrz]

Maybe look into partnering with greenhouses that need heat or get a pool

[sketchman]

Ive thought about mining off and on over the years. But it never adds up when i think about it all. The same money put into getting it set up could make much more for most people if they invest it into the crypto itself or mutual funds so on

[Inobex]

are there any miners for any coin for around 2-5k

[sethhander]

I am doing academic research on the relationship between mining and agriculture, and what the potential impacts are, can you tell me which province does mining?

[timgooda]

Awesome vid Vosk - thanks for all your hard work my brother.

[Portfelio]

There's this curve in technologies where when it's over hyped it get overvalued and then, when it doesn't delivering on it's promise the value starts to drop before it eventually stabilizes and (if it's true disruptive technology) rises again. We're on the failing to deliver cycle of crypto. The failure of FTX scared many small time investors and the complexity of needing to open a wallet and fee's for transfers make it an inferior alternative to traditional banking for laypeople and businesses when the current market allows free domestic transfers.

[MikesFans]

Hey, I watched your videos and started mining!

I have a Nema 14-50 outlet in my garage says 50AMP 125-250v on the outlet itself (I think it's built for car charging)

Can I plug an antminer L9 into this safely ? What converters/pdus would I need?

[shikanosuke]

i think buying off grid land adjacent to an appropriate river for water power would be a suitable place to run the whole thing with starlink or some shit

[DeadlyVenomKing]

So have you stopped Gpu Mining Operations?

[matt]

opinions on investing in publicly traded mining companies like MARA?