BTC won't reduce rewards each month, it happen every 4 years at the halving. The reduced reward depend on the network hasrate, when coin worth less some turn off machines but when price increase the same happens to hasrate. ignore the break even, focus on the number of coins you get and keep then.
I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
So basically pay thousands of dollars on hardware to lose you money every day........where do I sign up.......NOT !! Ps my electricity cost is 2.5 times the cost quoted so bitcoin mining is a complete waste of time for me
No it's not. You can start to think a bit on how to solve your electricity "problem". For start talk to your supplier abaut changing your electricity plan (because your consumption will grow) or change your type of consumer in your plan/contract. That's what I am doing but in my country electricity is way cheaper I guess.
That 1 BTC at $0.1 kW/h will cost 56K + 4K (miner) = 60K to mine. And you didn't account the usual 4% fee and that if you had only 1 miner for the standard payment of 0,005 BTC you will get paid every 33 days. To be more realistic, the life of the miner is 4 years so that machine in it's life will mine 0,22 BTC and that will cost 16.4K so at today price buy the coin will save $900. Now I'm depressed.
@@TheHobbyistMiner Don't be sorry, it is reality. For myself I think new miners look up to channels like yours and thinking man if I only had.....but showing the real side of these higher end miners, it isn't always roses so appreciate the openness.
I did a little simple math based on your video. Let say today BTC - 71.000,oo$. If you have free electricity (Solar panels), it is cheaper/better to buy 2xAntminer S19K Pro than one Antminer S21. S19K PRO in BTC make 0.003168(224x2=448$), S21 in BTC make 0.004547(322$). Buying 2xS19=2,980,000$, and S21 costs 3,920,000,000$. Many could afford a 10kWh solar system. With S19K PRO buy/earn/power is with Solar better. Think people about that solution - free electricity. Today, you can buy used Solar equipment and after 10 years solar panels are working at 80% capacity and the system can be purchased at half price.
Your math is wrong. I have a BTC miner on solar and during summer peak only produces power for 8 hours the remain 16 h are on grid. Also if you want to mine go for efficency.
turn to Jesus Christ he loves all of us more than anything and he literally died for us. He took in the punishment for our sins thru on the cross. It wasn’t cuz we deserved it, but cuz he loved us. 1 John 4:10 “This is love: not that we loved God, but that he loved us and sent his Son as an atoning sacrifice for our sins” it was thru his love that he died for us and we can be forgiven
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of play out with the stocks they discussed therein...
Great content, as always! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
Got a S19k pro running on Braiins OS, much for flexible, can run it 500-5000W. I only use excess PV power (grid electricity here is 36€cents in the EU, so no go). But with PV power I get 8-9cents reward for each kWh. Same or better than feeding/selling into the grid (which I cannot). Upcoming S21 pro gets 15€cents/kWh, much better, Mining is not overwhelming, but a good solution to use excess PV if you cannot feed into the grid. Greetings from 53°N. All you people living far more south could zero your electricity costs 24/7/365 by putting PV on the roof
18.5 years to mine 1 Bitcoin wth wow SOOOOO at this rate you would need 19 of these machines to mine 1 bitcoin in 1 year if I did my math right and this leaves room for a maxim of downtime of 2 weeks for repairs. crazy
So, in those almost 30 years how many miners would you have to buy? How much would the technology improve and make your miner useless/worthless? No easy ways to make a lot of money by working….just investing. My electric is $0.06/kwh, claimed, but for how long?
Appreciate the detailed breakdown! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
That’s dumb because that means selling their stupid mining machines makes them more money then they actually make mining so why would anyone by them , if they can build the miners then they should just be mining…
Even if you have free electricity still not worth it and soon you gonna lose double to mine 1btc , it's only good idea if you bet that Bitcoin in the future will go up significantly but as well you can just buy it instead of investing in equipment
Ever wonder if your local power plants mine with no electric bill? Any power cost would be paid by customers! This is possibly why mining is losing so much profit. Just a thought
there is no given time. you could realistically mine one bitcoin in ten seconds after joining a pool or start mining its whatever device completes the block is who mines it. Statistically the more hash power in the pool the odds are better.
Hey bud.. I updated the firmware on my 2 S19 k pros and the hashrate didn’t change. Is there something else I need to do? Plus I just wanted to say thanks for your vids. I’m 52 and I’ve learned a lot from you.
I watched your video on antminer S9 the other day that was a really interesting video .just waiting for them to arrive and i'm going to put braiins firmware on them after i strip them down and deep clean them both .
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Victoria Taylor
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states.
Can you elaborate ? I dont understand how changing the power source = more profit. You csm overclock an s21 sure but at 4500 watts youre only making 230-240 ths. Based on what you said you would need to be making 1600 ths (8x) what a normal s21 makes. Even if it was water cooled yiu still couldnt make 1800 ths in a single s21. I have two s21 running overclocked and they realistically only make .00031-.00033 btc per day ($20-$22)
it s not make sens to buy those kind of miner because they are not profitable bro ,,,now everybody mines kaspa this is the future...or you need many year to mine btc if your are free of electricity charge other way need 100 years
do the estimated rewards reduce each month ? How do you factor in the decrease to work out break even
BTC won't reduce rewards each month, it happen every 4 years at the halving. The reduced reward depend on the network hasrate, when coin worth less some turn off machines but when price increase the same happens to hasrate. ignore the break even, focus on the number of coins you get and keep then.
Hoc can someone mine btc when they say its number is 21 million and there will be no more ?
I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
I will advice you should stop trading on your own if you keep losing.
If you can, then get a professional to trade for you I think that way your assets are more secure.
I'd recommend Arlene Lloyd, her profit is great even when there's a dip
Hey i'm shocked you just mentioned and recommended Arlene Lloyd i thought i was the only one trading with her
0:12 Hey i'm shocked you just mentioned and recommended Arlene Lloyd i thought i was the only one trading with her
So basically pay thousands of dollars on hardware to lose you money every day........where do I sign up.......NOT !! Ps my electricity cost is 2.5 times the cost quoted so bitcoin mining is a complete waste of time for me
No it's not. You can start to think a bit on how to solve your electricity "problem". For start talk to your supplier abaut changing your electricity plan (because your consumption will grow) or change your type of consumer in your plan/contract. That's what I am doing but in my country electricity is way cheaper I guess.
Feel the same ... no legal way at least.
That 1 BTC at $0.1 kW/h will cost 56K + 4K (miner) = 60K to mine. And you didn't account the usual 4% fee and that if you had only 1 miner for the standard payment of 0,005 BTC you will get paid every 33 days. To be more realistic, the life of the miner is 4 years so that machine in it's life will mine 0,22 BTC and that will cost 16.4K so at today price buy the coin will save $900. Now I'm depressed.
even if it would (out) last the 4 year. Most likely the next halving will be 2028 ;)
Thank you for posting this. I hate those shit 10mins vid with no proper info
315 month... 26 years. I'll be long dead
lol
Thanks for the detailed info I'll just buy the coin and save the electricity lol
I want to mine but it seems like a losing proposition
Forget,..do you insteed DCA investment,...you will sleep well, your nervs will thank you,..and what is better your gains will be grather
I think I,ll buy high speed servers and stream adult content. The returns will be way better.
I looked into mining several times but it appears equipment becomes useless before you can reach ROI or shortly thereafter making it a moot point
Exactly the equipment becomes so quickly obsolete that there is no point it would have to be 1/4 of a price
Solar hydroelectric wind + batteries = efficiency
Glad you’re the only one who sees it 😂😂😂
Man those are depressing numbers.
Sorry! Thankfully as I mentioned, the price of Bitcoin Mining Rewards won't stay like this forever. But theoretically, if it did....
@@TheHobbyistMiner Don't be sorry, it is reality. For myself I think new miners look up to channels like yours and thinking man if I only had.....but showing the real side of these higher end miners, it isn't always roses so appreciate the openness.
I did a little simple math based on your video. Let say today BTC - 71.000,oo$. If you have free electricity (Solar panels), it is cheaper/better to buy 2xAntminer S19K Pro than one Antminer S21. S19K PRO in BTC make 0.003168(224x2=448$), S21 in BTC make 0.004547(322$). Buying 2xS19=2,980,000$, and S21 costs 3,920,000,000$. Many could afford a 10kWh solar system. With S19K PRO buy/earn/power is with Solar better. Think people about that solution - free electricity. Today, you can buy used Solar equipment and after 10 years solar panels are working at 80% capacity and the system can be purchased at half price.
Your math is wrong. I have a BTC miner on solar and during summer peak only produces power for 8 hours the remain 16 h are on grid. Also if you want to mine go for efficency.
@@CantFindInTH-cam That's right where you live. Where I am, I have 16 hours of "active sun". Serbia, in Germany more.
Solar is not free electricity. Plus once you pay for your solar farm, it is also needs maintenance and replacement over time.
How many Teslas
Are needed for one bitcoin
Per year?
Three Tesla coil towers and a dam and you should be good.
turn to Jesus Christ he loves all of us more than anything and he literally died for us. He took in the punishment for our sins thru on the cross. It wasn’t cuz we deserved it, but cuz he loved us. 1 John 4:10 “This is love: not that we loved God, but that he loved us and sent his Son as an atoning sacrifice for our sins” it was thru his love that he died for us and we can be forgiven
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of play out with the stocks they discussed therein...
If you need to buy mining machines, you can contact me, I have a large number of mining machines.
Great content, as always! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). What's the best way to send them to Binance?
Why not just use a mini pc or usb miners to mine bitcoin? Since mining bitcoin is in part about luck. Luck wise its a cheaper investment.
It will not work,..They are not profitable anymore,...
Got a S19k pro running on Braiins OS, much for flexible, can run it 500-5000W. I only use excess PV power (grid electricity here is 36€cents in the EU, so no go). But with PV power I get 8-9cents reward for each kWh. Same or better than feeding/selling into the grid (which I cannot). Upcoming S21 pro gets 15€cents/kWh, much better, Mining is not overwhelming, but a good solution to use excess PV if you cannot feed into the grid. Greetings from 53°N. All you people living far more south could zero your electricity costs 24/7/365 by putting PV on the roof
pv?
@@traviskelly7082 Photovoltaic (solar panels)
@@traviskelly7082photovoltaic, basically solar panels
Doesn't the hash rate slow down after every halving? I'm not sure 🤷🏾♂️
yes and no,..always is consolidation times becouse some miners need to recalculate their invesment,..many decide to close all temporarly.
The cost of the miner would get you more than 0.003 btc instantly. I just don’t see how a miner is profitable. Or better than just buying btc
There is 3 variants models S19k 120th, S19k 115th, S19k 110th
Bloody ages lol
Well said
And how much is the profit of a S19K pro per day?
I was planning to buy 3 of them.
Google is your friend (:
Buy the coin! If your electricity is 10 cents you will lose $0.50 a day per miner.
18.5 years to mine 1 Bitcoin wth wow SOOOOO at this rate you would need 19 of these machines to mine 1 bitcoin in 1 year if I did my math right and this leaves room for a maxim of downtime of 2 weeks for repairs. crazy
And HOPE all machine works perfectlly all this time (maintenance, air conditioning,...).
I went the other way, 315 months means over 26 years to mine 1 bitcoin.
When you are selling your miners, where do you plan to sell them?
And who are those IDIOTS to buy 2 years (4 years life exp. for miner) tortured miner and give you 2K $ for it???
”Whats going on minors” 🧐🤨🚩
think about the bags people making right now on mining
Mine the miner still exists and this guy is proof.
Nope. Eff that
So, in those almost 30 years how many miners would you have to buy? How much would the technology improve and make your miner useless/worthless? No easy ways to make a lot of money by working….just investing. My electric is $0.06/kwh, claimed, but for how long?
Normally in EU electic is 012 Eur or more (0,13$),..Even if you have own solar capacity it is not worth,...better doing DCA investment
Interesting
Appreciate the detailed breakdown! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
I don't pay for electricity for the next 2ish years and thought mining might be a good option for me, any tips or advice? (Anyone)
Sounds like a ponzi scheme
That’s dumb because that means selling their stupid mining machines makes them more money then they actually make mining so why would anyone by them , if they can build the miners then they should just be mining…
Even if you have free electricity still not worth it and soon you gonna lose double to mine 1btc , it's only good idea if you bet that Bitcoin in the future will go up significantly but as well you can just buy it instead of investing in equipment
30 years for 1 BTC🤣🤣im dead. I rather buy the BTC which accounts for buying That GPU instead.
Ever wonder if your local power plants mine with no electric bill? Any power cost would be paid by customers! This is possibly why mining is losing so much profit. Just a thought
Your math is wrong.
there is no given time. you could realistically mine one bitcoin in ten seconds after joining a pool or start mining its whatever device completes the block is who mines it. Statistically the more hash power in the pool the odds are better.
5:50 Wrong. The amount of 0.003168 is for 31 days and not for 1 day.
Is there a bitcoin mining rig that only uses 0.35kwh?
😂 so, don’t do it
hi
Morning
I don’t know a thing about mining but I was thinking about building a small operation out of pocket on my land and powering it with solar
If you need to buy mining machines, you can contact me, I have a large number of mining machines.
"What is going on minors!" cracked me up
Hey bud.. I updated the firmware on my 2 S19 k pros and the hashrate didn’t change. Is there something else I need to do? Plus I just wanted to say thanks for your vids. I’m 52 and I’ve learned a lot from you.
“What’s goi g on minors” 💀💀😘
Hello guys cant you tell me best machine to mine i don’t have any cost for electricity
I bet you live in England and steal electricity
❤
Ill just work ot and buy it
Bitcoinprise over 1Dollar are More worth 1Dollar over the real price 😂
do you have a video on best alt coins to mine?
nice
Imagine bitcoin jumping up to 100K
I'm ready!
you say right,..IMAGINE,..but you can not live of IMAGINATION
@@janeznovak2408 dude you slovene?
@@BlowoutMeerkat And you are from?
@@janeznovak2408 slovenia
I watched your video on antminer S9 the other day that was a really interesting video .just waiting for them to arrive and i'm going to put braiins firmware on them after i strip them down and deep clean them both .
Great video
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Victoria Taylor
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading.
I'm new at this, please how can I reach her?......
SHE'S MOSTLY ON TELEGRAMS, USING THE USERNAME
fun fact i run my s21 on solar
i make the same on a few hours as people do on 24 hours on the grid
Can you elaborate ? I dont understand how changing the power source = more profit. You csm overclock an s21 sure but at 4500 watts youre only making 230-240 ths. Based on what you said you would need to be making 1600 ths (8x) what a normal s21 makes. Even if it was water cooled yiu still couldnt make 1800 ths in a single s21. I have two s21 running overclocked and they realistically only make .00031-.00033 btc per day ($20-$22)
No , you dont,..and dont misslead people,..even with your own electricity IT IS NOT profitable,..
it s not make sens to buy those kind of miner because they are not profitable bro ,,,now everybody mines kaspa this is the future...or you need many year to mine btc if your are free of electricity charge other way need 100 years