Mining

Making $11,000 A Month With Bitcoin Mining

Making $11,000 A Month With Bitcoin Mining

#Making #Month #Bitcoin #Mining

“Your Friend Andy”

I have now been mining Bitcoin for over 18 months. And I’m buying even more machines. I’ll tell you how much I’ve made, how much I’m making, whether it’s too late to get in and how the upcoming halving is going to affect mining. ▼▼

Bitmain S21 GIVEAWAY:…

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35 Comments

  1. Hey Andy I’d love to hear your thoughts on the goldshell ka box, I was really tempted to get a ks3 back in November but there too noisy I just didn’t have the space Happy with my kaspa bag and I think it would possibly be a good intro into mining. Because come the next bear market I’m gonna be all over it and hopefully I can pay for some proper space for it.
    Would love to hear your thoughts. Keep rocking Andy 😎

  2. Ok so I love this video and thanks for it. What I will say is that I gave Musk Miners a shout, took them three days to get back to me and their miners are a grand more than anyone else's. They charge this much as on their site it says they will only host machines bought from them. So on top of their monthly maintenance fee, which we all know these machines are set and forget, you also overpay about $1000 for an S21 and wait a month to have it bought online. With all that said, I bought a miner somewhere else, it was $1000 cheaper than Musk and it arrives today and will be online tomorrow. Less that a week from order date with no monthly "maintenance fee". What if there is a problem? they took three days to get back to a customer wanting to host some S21's, if that is how they operate for new customers, how are they when you are already a customer and you are locked into them????? Food for thought. I decided against going with Musk after the long wait for a return call and the month they seem to take to bring machines online. Not hating on them, never used them but they have hidden fees in the miner uplift, they are not responsive to new business requests and I wont pay a BS maintenance fee to leave a machine sitting in a rack that requires zero maintenance. I think Musk are too greedy.

  3. Hmm, my S21's are currently earning roughly $15/day, and after the halving that will be $7.5/day. Your hosting is costing you $6.60/day, so net earnings should be $0.90/day or approx $27.75/month. Naturally, im not forecasting any change in BTC price, so if you are a "bull" then this will be low.

  4. Mine to hold might work long-term if the run continues, but the S21 will operate at almost breakeven (and then negative) after the halving occurs when factoring in $200/month for electricity and the continued rise in difficulty. It's going to take a huge price increase, quickly, to make the miner profitable to run on a month-to-month basis after June of this year.

  5. With these miners can you change it into the system to KAS or w.e? I've seen this and they say BTC Miner or KAS miner and I don't know if they are saying these miners are specifically only used to mine specific crypto?

  6. Does Musk take a cut of the monthly profit left over after electricity expenses, or do they just make all their money on the backend of reselling the hardware and stuff like that?
    Apologies if you've already answered this a million times elsewhere!

  7. People new to mining dont realize that miners are still pretty cheap in terms of possible ROI compared to the previous bull run. I am in the game since 2019, and can only say I wish I would have had the current prices per miner back then combined with the earnings they deliver now.

    A good hosting company that you can trust and investment in machines that are more economical are a good starting point. a less efficient machine can be worthwhile if the price is a lot cheaper. And most of all, keep your earnings in btc. Dont start trading or gambling on promising altcoins. Personally I like to use an infinity grid to get some extra sats. But that being on an external platform, only for a limited amount.

  8. Measuring your mining return in USD gives a false sense of success. Instead, do the math on how much BTC you would earn buying BTC instead of the miner and spending the $200+ a month for hosting/electricity on more BTC.

    I did the test myself over the last year, and while I did break even in USD terms, I would have nearly double the BTC if I had just bought and none of the headache. I'm so far apart that there is no chance this miner will break even in BTC terms, and that is at $0.08/kWh.

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