You can earn at least 300USD of passive income every month after paying your electricity bill, and your income will continue to increase as the price of Bitcoin goes up.
I’ve been involved in bitcoin mining since 2022 and would love to chat if there are a lot of people interested in this.
Marsden said:
Wake up, it’s 2024, not 2019 lol
https://www.asicminervalue.com/
You can check the daily earnings of each AISC miner yourself.
Marsden said:
Wake up, it’s 2024, not 2019 lol
https://www.asicminervalue.com/
You can check the daily earnings of each AISC miner yourself.
Taking the most powerful BTC miner on that list “Antminer S21e XP Hyd 3U” which cost $20,000 USD even taking its electricity calculation at face value, would net you $6,565.99 yearly return. That means it would take over 3 years before you saw a return on your initial investment. The problem is, it will not continue to return that much, year after year. The most powerful BTC miner on that list released 2 years ago is the “Antminer S19 XP Hyd (255Th)”; it has a hashrate of 255 Th/s with a power of 5304W, so it’s nearly a fourth of its hash rate capability but still half the power consumption. Its yearly profit is $204, so in just 2 years, you can expect your return to go from 1000’s to the 100’s. That assumes that websites’ electricity cost which I doubt is realistic in the States, and certainly not realistic in other countries regarding what they cost to run those. There is no way to profit from bitcoin mining at this stage of the game without leveraging economies of scale; you would need to purchase a huge amount and acquire the infrastructure to host it on and have that infrastructure sufficiently powered from a source where you are paying a very cheap electricity rate for, and even then, given how much it would cost to build such a mining farm in many first-world countries, you would be hard-pressed to make it profitable.
So in summary, you’re full of shit and you aren’t trying to promote mining bitcoin, you’re trying to promote people buying miners from your shitty company.
Mining can bring in passive income, but it’s not quite as simple as it sounds.
It needs a decent upfront investment in equipment, electricity costs can vary, and Bitcoin’s price fluctuates.
If you’re in it long-term and can handle the risk, it might pay off, but for a steady monthly income, it’s not always a guarantee.
@Frost
Agree. But if you hold your bitcoin for 10 years, it’s like printing free money.
@Frost
You are correct, but from my experience, if you know enough about bitcoin mining, this risk is reduced to a manageable level.
Bela said:
@Frost
You are correct, but from my experience, if you know enough about bitcoin mining, this risk is reduced to a manageable level.
How exactly do you manage your risk when you don’t control the hashrate for your miner?
Graydon said:
I’m interested. How much do I need and how hard is it to set up?
Stay away. He’s gonna scam you!
Graydon said:
I’m interested. How much do I need and how hard is it to set up?
Stay away. He’s gonna scam you!
Calm down, I didn’t cut his wallet open lol.
@Bela
It’s funny you mentioned the word wallet 
I have a feeling a few approvals are where it’s headed.
Graydon said:
I’m interested. How much do I need and how hard is it to set up?
A miner puts in about $3500 USD and only pays about $150 per month for electricity after that.
You can get 0.0012834 BTC per day.
The price of a BTC is now about $68,000.
Graydon said:
@Bela
But if I make 0.0012834 per day it’s around $85 per day.
My mistake, the output per mining machine is 0.00012834 BTC.
This is the income calculated on paper, but please consider the volatility of BTC.
The BTC you receive minus the electricity you pay is your daily income.
@Bela
Starting with $3,500 in equipment, mining 0.00012834 BTC per day at a BTC price of $68,000 makes about $8.73 per day. After $150 in monthly electricity costs, this nets around $111.75 per month. At this rate, it would take approximately 31 months (or 2.6 years) to recover the initial $3,500 investment.
However, if BTC rises to $80,000, the monthly net income would increase to $154, shortening the breakeven to 23 months. If BTC falls to $50,000, the monthly profit drops to $42.50, stretching the breakeven to about 82 months.
Is the ROI above 1 year, minimum, right?
Xander said:
Is the ROI above 1 year, minimum, right?
Yes, but if you think the price of BTC will continue to rise, then the ROI will be better.
Xander said:
Is the ROI above 1 year, minimum, right?
Yes, but if you think the price of BTC will continue to rise, then the ROI will be better.
It can, but it can also fall down.
If you want to mine you need a freaking huge waterfall running electricity with millions of graphic cards otherwise, brihhh.
I am involved in bitcoin mining, but not in the way you might think. I own 7 NFTs that allow me to own a piece of a bitcoin mine through Gomining, and I make at least $30-45 a day.
Mackenzie said:
I am involved in bitcoin mining, but not in the way you might think. I own 7 NFTs that allow me to own a piece of a bitcoin mine through Gomining, and I make at least $30-45 a day.
How much did you put in?
In all honesty, this is not “real” bitcoin mining.
@Bela
It does feel more passive than owning a computer to bitcoin mine. $800 is how much I put in, minus upgrading the power (TH) and the efficiency (W/TH).
