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?
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 $900. Now I'm depressed.
I did a little simple math based on your video. Let say today BTC - 71.000,oo$. 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.
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
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.
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...
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
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 .
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?
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.
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.
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
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
@@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.
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)
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…
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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.
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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
