I f***** 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.
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.
@@VoskCoin You need to agree, it's not worth it for you. because it's definitely worth it for those who have their own hydroelectric plants and things like that
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.
@bradleymayer5120 are you sure about that? Because everyone is known including myself has been able to write off 100% of their electric bill as operating expenses
@bradleymayer5120 that may be the case for your state. But federally you write off the whole electric bill. Yes you still pay taxes on capital gain, but I'm not talking about capital gains.
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?
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.
Started mining BTC when it was 5 cents. Made a few coins on a hard drive somewhere. Should of stick to it. When I was quitting, I tried to purchase $100 worth of it but couldn't figured how to at the time. If it had gone through I would be sitting on 2k coins.
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.
@@alexbizzanelli2173 I have my machines in Washington, the electric rate here in Texas is too high for a small time operation. I run some small miners here but the main machines are too expensive to run here.
Solar is free if you look at government programs to replace your energy provider because of Biden infrastructure plan and green new deal. I used to work in solar and every state has a federal grant. If your state also has a state grant, you will pay 0.
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.
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.
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?
Welcome to my mining strategy for the past year... If you do decide to sell any mining rigs, please let me know. I currently have a 1MW container and have 80 acres of open land in Arizona which is enough for 10MW (if funding was available).
Doesn’t this show satoshis vision of decentralisation has been messed up by greed? If you need thousands of miners to be profitable, and need to keep buying new ones, hasn’t the whole thing gone astray? I’m gambling on crypto including bitcoin. But I don’t think it’s the alternative to the financial system Satoshi intended
Why is storm midigation hard or expensive. Just use a couple grounding roads and this is only cost a few hundred and protects against lightning strikes and power surges
@@VoskCoin look into agrisolar great way of combining solar with another income then you are also looking at something that can turn the waste heat into money 3 thing that will be worth more in the future is electricity - food, - btc why not make all 3 of them for the same price
why havent you invested into solar power or wind for free electricity.. i know it cost but in the long run a dollar today will equal 2 tomorrow when the btc price rises.. stop paying the electrical company all your profit
do solar, i want to see solar panel, but you must protect somehow the solar panel from frozen rain drops it could break the panel, bitcoin is perfect with solar
Btc and solar are not compatible. Btc miners needed to compete are energy intensive and you might be able to run 2-3 miners on a whole solar system. It ain't worth it. Believe me, I tried.
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
You realized something that is not looking at profitability in the present but in the future. The money invested in your mining rig would be better used if you bought BTC directly. Every year your "profitable rig" becomes obsolete over time, "swallowed up" by new "profitable" rigs. Don't you realize that you will always be "behind" the times? Because your "TOP" rig will always be surpassed in a short time. Now imagine all your money from your rigs and buying BTC 5 years ago? Today you would be a millionaire. You would even be making money from selling electricity if you invested in solar panels, because no matter the time, they will always produce electricity that can be sold and there is nothing stopping you from adding new, more technological panels. In short, you are realizing that you are the coyote chasing the roadrunner. Open your mind to the possibilities! Because you are just enriching the power companies and the AISC sellers.
You have to build a solid foundation of free electricity FIRST and scale your operation according to your self-produced energy. Use the grid to guarantee continuous power in all circumstances but only for that limited purpose as a backup. I have a revolutionary idea for wind which produces constant output but.. you can do it with regular solar technology if you prefer. ..
#realTalk. Smart to be thinking about this. Power company makes money. Manufacturing makes money. Hosting sites make money. We all gain grey hair and broke. the realization came to me quite a while ago. Now I run what I can on solar. Don’t go too big and you’ll be ok and your hair color will return. Much happier life now.
I'm new to investing, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
Good thinking! If you've got the cash to upgrade equipment often, do it! I'm running two Mini-Doge IIIs with Solar, direct from a 12V LFP battery. As long as it's sunny, they don't cost anything to operate. I was running 4, but the days got shorter. The lowest cost is to install solar and only mine during the day. Dude, you need a PPA to sell back to the utility. In most places. if you're paying 7 cents, they''re paying you 3.5 cents per kWh.
![BOWKYLION - วิงวอน (ex-change) [Official MV]](http://i.ytimg.com/vi/cLdnZWDaO-w/mqdefault.jpg)
I f***** 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.
Or could have bought more btc during that time and become a billionaire 😢
@@dougiee6589 I feel like the guy who gave 10,000 BTC for two pizzas.
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.
eh this bullrun will bring it back big time, but this bullrun is definitely the last ride for small scale miners and even medium scale miners IMO
@@VoskCoin You need to agree, it's not worth it for you. because it's definitely worth it for those who have their own hydroelectric plants and things like that
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.
you only get so much tax credit it doesnt equal out and you still have to cover that cost all year long
@bradleymayer5120 are you sure about that? Because everyone is known including myself has been able to write off 100% of their electric bill as operating expenses
@bradleymayer5120 that may be the case for your state. But federally you write off the whole electric bill. Yes you still pay taxes on capital gain, but I'm not talking about capital gains.
are there any miners for any coin for around 2-5k
How much did you spend on your L9?
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?
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.
Started mining BTC when it was 5 cents. Made a few coins on a hard drive somewhere. Should of stick to it. When I was quitting, I tried to purchase $100 worth of it but couldn't figured how to at the time. If it had gone through I would be sitting on 2k coins.
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.
I think large scale solar is the way to go but like you said, it's an insanely expensive ordeal.
Looking to start a farm in Texas do you have your own warehouse 🎉🎉🎉
@@alexbizzanelli2173 I have my machines in Washington, the electric rate here in Texas is too high for a small time operation. I run some small miners here but the main machines are too expensive to run here.
Solar is free if you look at government programs to replace your energy provider because of Biden infrastructure plan and green new deal. I used to work in solar and every state has a federal grant. If your state also has a state grant, you will pay 0.
Maybe look into partnering with greenhouses that need heat or get a pool
opinions on investing in publicly traded mining companies like MARA?
i think there's a good upside and am personally invested in MARA among many of the others
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.
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.
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?
Thank so much for the advice been seeking means of being successful in the digital market, do you recommend any professional ?
Welcome to my mining strategy for the past year... If you do decide to sell any mining rigs, please let me know. I currently have a 1MW container and have 80 acres of open land in Arizona which is enough for 10MW (if funding was available).
how do you feel about your strat lately?
So have you stopped Gpu Mining Operations?
bruv
Awesome vid Vosk - thanks for all your hard work my brother.
Thanks my friend
That’s why I like this channel, Vosk keeps it real. 👏👏👏
Improvise. Adapt. Overcome!
Take the weekend off man. 👍
Doesn’t this show satoshis vision of decentralisation has been messed up by greed? If you need thousands of miners to be profitable, and need to keep buying new ones, hasn’t the whole thing gone astray? I’m gambling on crypto including bitcoin. But I don’t think it’s the alternative to the financial system Satoshi intended
Why is storm midigation hard or expensive. Just use a couple grounding roads and this is only cost a few hundred and protects against lightning strikes and power surges
5 miners, 138.59 TH, 25.20 W/TH, earning $6 per day
Selling your older models and replace them with newer more efficient. Will help out and since you run a business it's a write off
Now you're talking, the hell with the power company!
time for us to be solar farming!!! :D lol
@@VoskCoin look into agrisolar
great way of combining solar with another income
then you are also looking at something that can turn the waste heat into money
3 thing that will be worth more in the future is electricity - food, - btc
why not make all 3 of them for the same price
HAPPY BIRTHDAY TAILS
Wonder how feels are today at new high ?
why havent you invested into solar power or wind for free electricity.. i know it cost but in the long run a dollar today will equal 2 tomorrow when the btc price rises.. stop paying the electrical company all your profit
do solar, i want to see solar panel, but you must protect somehow the solar panel from frozen rain drops it could break the panel, bitcoin is perfect with solar
Btc and solar are not compatible. Btc miners needed to compete are energy intensive and you might be able to run 2-3 miners on a whole solar system. It ain't worth it. Believe me, I tried.
@@jeffderitis1378 i just want him not to waste money on electricity, and i want the mining profit to realize
Came in excited about mining, left wondering if it’s worth it 😢
True, honest reviews! keep them coming
Appreciate it!
Costs 80k to mine one btc now
😂
DeFi stands for Decentralized Finance, an emerging sector.
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
Good honest video keep on trucking Voskcoin...
Bitcoin is often referred to as "digital gold."
You realized something that is not looking at profitability in the present but in the future. The money invested in your mining rig would be better used if you bought BTC directly.
Every year your "profitable rig" becomes obsolete over time, "swallowed up" by new "profitable" rigs. Don't you realize that you will always be "behind" the times? Because your "TOP" rig will always be surpassed in a short time.
Now imagine all your money from your rigs and buying BTC 5 years ago? Today you would be a millionaire.
You would even be making money from selling electricity if you invested in solar panels, because no matter the time, they will always produce electricity that can be sold and there is nothing stopping you from adding new, more technological panels.
In short, you are realizing that you are the coyote chasing the roadrunner.
Open your mind to the possibilities!
Because you are just enriching the power companies and the AISC sellers.
You have to build a solid foundation of free electricity FIRST and scale your operation according to your self-produced energy. Use the grid to guarantee continuous power in all circumstances but only for that limited purpose as a backup.
I have a revolutionary idea for wind which produces constant output but.. you can do it with regular solar technology if you prefer.
..
whats the wind idea?
But yes agreed I am looking at scaling the solar infrastructure at this point
@@VoskCoin I would prefer to discuss it with you in private email if you don't mind. Do you have one I can use? Otherwise I will provide one here.
Hang in their Bro; don't quit before the miracle happens.
just picked up the A11 for $880 not $10k ☺️
Why is not profitable the L9 is great profitable
that mines dogecoin not bitcoin
How does your math look if you factor in free electricity?
Thanks Vosk
#realTalk. Smart to be thinking about this. Power company makes money. Manufacturing makes money. Hosting sites make money. We all gain grey hair and broke. the realization came to me quite a while ago. Now I run what I can on solar. Don’t go too big and you’ll be ok and your hair color will return. Much happier life now.
Trading coins is the new wave
Do you know what is average life of tail like animal .... 10 to 12 years
hoping for 15 years+
Letshope so it go as you planned.... whats about rvn . I am holding and accumulating it since 2022 ....
I only watch ten seconds. Tails Inu good dog.
I'm new to investing, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
Good thinking! If you've got the cash to upgrade equipment often, do it! I'm running two Mini-Doge IIIs with Solar, direct from a 12V LFP battery. As long as it's sunny, they don't cost anything to operate. I was running 4, but the days got shorter. The lowest cost is to install solar and only mine during the day.
Dude, you need a PPA to sell back to the utility. In most places. if you're paying 7 cents, they''re paying you 3.5 cents per kWh.
Arriba Tijuana perros
The most bipolar intro to date lol