How Much Am I Earning Mining Bitcoin in 2024 -- IT'S BAD

Ғылым және технология

Why do I mine Bitcoin, seriously? and how much money am I making mining Bitcoins, and is it really worth it to build your own mining farm to earn passive income, or are you better off just investing in cryptocurrencies and stocks? Buy your own Bitcoin miner here! voskco.in/am
Get a DISCOUNTED Mining Disrupt ticket here - voskco.in/md
MineShop sells ASIC mining rigs here - voskco.in/mseu
Fog Hashing makes liquid cooling miners EASY! voskco.in/fh
Use code VOSKCOIN to save at both!
Watch the full journey of building out my mining farm here (playlist) - • Solar Powered Bitcoin ...
⏰ Timestamps ⏰
00:00 It’s hard for miner out there
01:00 How is much do I make by mining BTC?
02:52 Bitcoin mining is crazy competitive
04:26 What do Bitcoin miners make?
05:40 Losing money?
06:16 Underclocking for more efficiency?
07:33 Electricity rate is important!
08:14 What miners am I running?
09:20 Turn off miners?
10:13 Kaspa miners are way more profitable right now
10:55 Hashprice has never been this low?
12:18 Solar power or industrial Bitcoin mining
13:38 Just buy bitcoin?
14:15 Making changes?
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VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
#bitcoin #btc #VoskCoin #mining #passiveincome #bitcoinmining #workfromhome #miningfarm #sidehustle #stocks #miner #crypto #cryptocurrency #investing

Пікірлер: 71

  • @VoskCoin
    @VoskCoinАй бұрын

    Buy your own Bitcoin miner here! voskco.in/am Get a DISCOUNTED Mining Disrupt ticket here - voskco.in/md Fog Hashing makes liquid cooling miners EASY! voskco.in/fh *Use code VOSKCOIN to save!*

  • @hdlivemodels
    @hdlivemodelsАй бұрын

    Everybody that is not hyper funded and ridiculously equipped is nothing but a bottom feeder in the mining world. Bitcoin went from decentralized straight to centralized from allowing corporations/government mining. 30 million a day and 99% is going to the top 1%, you've already lost.

  • @aarone.7085
    @aarone.7085Ай бұрын

    Nice videos Vosk! I watch all your videos

  • @jonk3720
    @jonk3720Ай бұрын

    $0.10/kw is ridiculous for a mining farm. The only one profiting is the electric company.

  • @honerablemention4550

    @honerablemention4550

    Ай бұрын

    My electricity is 0.06 kwh, it's wild to me that he mines at that rate.

  • @pubghabeshsa4957

    @pubghabeshsa4957

    Ай бұрын

    @@honerablemention4550 mine is 0.02kwh

  • @famousworldwide3600

    @famousworldwide3600

    Ай бұрын

    @@honerablemention4550which country are you at?

  • @SyphonGaming

    @SyphonGaming

    12 күн бұрын

    @@honerablemention4550 people mine at much higher rates especially when at home and getting charged 2x during peak electricity usage

  • @KrisC.777
    @KrisC.777Ай бұрын

    Mining is rough right now. Really have to believe in the project and that price will appreciate.

  • @ggooda
    @ggoodaАй бұрын

    Thank you so much for the regular videos and the candid thoughts that you share... I love your work Mr Vosk! 🙂

  • @BootlegFilly7
    @BootlegFilly7Ай бұрын

    The new outro is awesome

  • @user-ip2ns7wv7c
    @user-ip2ns7wv7cАй бұрын

    Gotta invest back in your investments. Taking out money out of your investment isnt an investment until it pays all your monthly bills. Financial freedom gonna take awhile but taking money out your not gonna get there. Better get a second job or side hustle to keep investing in losing investments or invest somewhere else. Always invest in yourself and not financial advice. GOOD JOB VOSK. You show us what its like to risk it while everyone just talks about it.

  • @xandervanbelleghem8000
    @xandervanbelleghem8000Ай бұрын

    I think you can explain everything very nicely, I like listening to your videos, I think everyone does

  • @joepenn4514
    @joepenn4514Ай бұрын

    Hi Vosk, i would say go grid tie with solar panels. u will supplement your grid supply and reduce your usage from the grid. Wesley , south africa

  • @ivanelizalde829
    @ivanelizalde829Ай бұрын

    Hey, I new to your channel but I have been watched a lot of your videos, Im really interested in start mining crypto but still have some questions,I have a $10k to expend in buying a miner or some and I would like to know your recommendations to make more money, everything I want to install in my home, I also soon will have a 220 volt outlets, just in case I have to install a miner that need that electricity. Can you help me please? What king of miner would be better for me? Or to start mining with Bitcoin, or Kaspa, etc.?

  • @MrButuz
    @MrButuzАй бұрын

    I thought you'd gone completely mental when you kept on buying more miners as the halfening approached. It was always gonna be a bloodbath. I guess it makes good TV, I just hope that your viewers didn't follow you or copy what you did. You do have a responsibility to the people of KZread to not just sponsor-based-spin them into losses and unprofitability.

  • @VoskCoin

    @VoskCoin

    Ай бұрын

    I’ve been transparent the whole way and most of my altcoin miners I own are still profitable

  • @samedihack5972

    @samedihack5972

    Ай бұрын

    Who owns the hashpower, will be king in the near future!

  • @AzeemMia

    @AzeemMia

    Ай бұрын

    ​@@VoskCoin yes, but you are too focused to the fact you losing money, your are not losing money you are creating money, that is totally yours and not from usa or europe or china, i don't think you are losing . at the end you just transforming usd/btc (energy/btc).And Btc won't die, but the usd I'm not sure (probably gonna fall sharpy) don't forget paper money is not being backed by anything.

  • @emilnilsson7204
    @emilnilsson7204Ай бұрын

    if the cheapest miner cost 7 cent per kwh then of course it's hard to make a profit.. I pay a fixed rate of about 3.4 cent per kwh. As they have said for ages about many things, Location, Location, Location!

  • @m1j9s79
    @m1j9s79Ай бұрын

    Vosk, I think the fallacy in your business plan is trying to do all of this near your home in Indiana. Why not mine somewhere like North Dakota where Air Conditioning isnt necessary and electricity is cheap?

  • @aluminumchemist2586

    @aluminumchemist2586

    Ай бұрын

    Troubleshooting a machine that stops mining would be a nightmare. You’d have to hire someone to look after all the miners and possibly have to rent a place for the miners. At the end that might be more expensive than what Vosk is doing.

  • @m1j9s79

    @m1j9s79

    Ай бұрын

    @@aluminumchemist2586 Good point, except that would be rare necessity if you had a large farm. you could leave off a single unit for multiple days/weeks with the savings. Even if it was necessary, a plane ticket to grand forks or Minneapolis is cheap. The infrastructure to support mining is ridiculously expensive when you start talking about liquid cooling and 3 phase electricity. That pays for a LOT of plane tickets, and then you have the sunk cost of the initial investment to recoup .

  • @Bazed.

    @Bazed.

    Ай бұрын

    @@m1j9s79good points man thank you 🤌🏻🤌🏻

  • @grygierpeps
    @grygierpepsАй бұрын

    gotta go solar asap and cut off the electricity bill, you can't win the arms race with POW especially with BTC now.

  • @tonythoreson

    @tonythoreson

    Ай бұрын

    Run the #s on how much solar it takes. Sounds good in theory and that is about it.

  • @Daegis88
    @Daegis88Ай бұрын

    Hey - don’t be so down! You’re doing fantastic. BTC is just getting started. Right after a halving BTC mining value always drops temporarily. But look out 6 months / 1.5 years projecting where BTC price will be and consider profitability of coins you mine now - but not sell now. I agree with you fully - gotta focus on driving down your electric price. Some investment in solar will really help you

  • @ArtIsLife3
    @ArtIsLife3Ай бұрын

    go as low as 1708 and you will get 22w/th for the s19j

  • @coldtunestudio
    @coldtunestudioАй бұрын

    Dear bro what is the easiest method to earn bitcoins please tell me

  • @camaro1851
    @camaro1851Ай бұрын

    Thanks

  • @CantFindInYoutube
    @CantFindInYoutubeАй бұрын

    I run a M60s 4 x 1000W microinverters and 8 x 545W panels and they produce 28KW energy, it's 7H15 solar, combined with dual rate I save 40% of the daily running cost. Since ASICS take all the solar that you can produce the ROI is very fast since you won't use batteries, if you learn how to install them you can do it for 1/3 of the price, also buying in bulk save you a lot, with a full pallet of 31 panels the price of each drop to 50%.

  • @Bazed.

    @Bazed.

    Ай бұрын

    Very interesting 🤌🏻🤌🏻

  • @suad01

    @suad01

    Ай бұрын

    Grid tied?

  • @CantFindInYoutube

    @CantFindInYoutube

    Ай бұрын

    @@suad01 Yes

  • @CppObjectOrientedProgrammer
    @CppObjectOrientedProgrammerАй бұрын

    When is your solar farm going to be ready?

  • @bush-b5330
    @bush-b5330Ай бұрын

    If mining is rough right now, how would it be after the next halving and the next halving? And what does that mean for the viability of bitcoin itself?!

  • @watahyahknow
    @watahyahknowАй бұрын

    im realy starting to wonder wat will happen after the next halving , unless bitcoin will become worth 120000 dollar per coin (or asic miners can get hashrates that are twice as mush at the same power consumption ) by the time of the next halving , it will become impossible to turn a profit unless you have free power i think right now the s21 running at 200ths at a reasonable powerconsumption is about the only miner that can pull it of nowadays at the current btc price , though it takes a machine like that priced at 4.521,67 euro about 2,5 years to pay for itself at its current price before it actually makes money , wonder wat that miner will cost next year (2070 euro?) and if it takes less time (1.5 years?) to turn a profit than the same machine bought a year earlier looking at the current price (new) for the 110th/s s19 pro that price for an s21 next year isnt a too far fetched , might be worth waiting a year while running youre payed for older rigs that allthough less still churn out coins for another year before upgrading to last years model dont know wat youre old rigs resell value will be by then though

  • @jeffderitis1378

    @jeffderitis1378

    Ай бұрын

    Mining BTC is a losing game. I made this mistake last halving. My one S19J was making more yield then his entire farm is now. The problem is halving only really hurts small miners. The larger miners double down and buy more newer miners. The hash rate only briefly went down and then it exploded back up. It was less then 3 months my 5 s19J were making the same yield as my one that was making prior. 8 months after initial purchase, the double storm hit where power started going up and later followed with bitcoin price coming down. At best, I could only break even. IT took me much longer, but I eventually realized it was a losing game. BTC requires too much power to make it worthwhile. You need to either jump all in with 3-5 million dollar farm or play for scraps. ITs better to focus on mining other things and converting the profits to bitcoin.

  • @g0019c
    @g0019cАй бұрын

    Interesting video on the reality of Bitcoin mining. I hope everyone has reserved money for mining Bitcoin. It is already a rich man's game and will cost more to make money because the mining machines will only become more costly. That .07 kwh will not save you in the long run.

  • @elliot7761
    @elliot7761Ай бұрын

    Ltc and doge mining is the way

  • @whitepearl7949
    @whitepearl7949Ай бұрын

    Would you mine kadena or kaspa?

  • @austinhicks9747

    @austinhicks9747

    Ай бұрын

    Kaspa hands down, best project on the market right now and will only grow from here!

  • @Craigalicioususa
    @CraigalicioususaАй бұрын

    I'm guessing you have to do your best to hold out until bitcoin price goes up again, and then it'll correct itself.

  • @gu1tarman233
    @gu1tarman233Ай бұрын

    What's the feasibility of solo mining. Might that be a better bet. I know the mining reward has been cut in half to 3.125 but there are the transaction fees as well. I saw one figure of about $166k fees for a block but don't know how typical this is.

  • @Chxxstxxn
    @ChxxstxxnАй бұрын

    W content

  • @peppielepieu
    @peppielepieuАй бұрын

    Everyone might be all doom and gloom in the current market conditions, but if you honestly believe that BTC is mooning in the future and you're stacking coins and just cashing a tiny percent to help pay the bills, then in the future you are going to be golden! I hope it works out for you mate. I believe in you and Bitcoin's future. The future will tell us if we are right or wrong.

  • @mikeallensonntag
    @mikeallensonntag28 күн бұрын

    I have a theory that btc mining will get so difficult that btc will tank down the road and it won't be profitable nor hold really any significant value. Btc is really not useful now days for the avg person. There is much better coins like sol.

  • @AlaskaBackyardTimeLapse
    @AlaskaBackyardTimeLapseАй бұрын

    Weird you look so happy intro in this video...

  • @VoskCoin

    @VoskCoin

    Ай бұрын

    just trying to make some days a good day even if all things aren't going great

  • @DeepHouseTecnoLounge
    @DeepHouseTecnoLoungeАй бұрын

    Small miner how I know if am small or Big miner

  • @honerablemention4550

    @honerablemention4550

    Ай бұрын

    You'll know when you're bigger than vosk that you are now medium

  • @dougiee6589
    @dougiee6589Ай бұрын

    never fomo and its dumb as i found out. those big industrial mining companies will be biting the dusssst soon so your rewards will at least level up sum

  • @juniorsamosir637
    @juniorsamosir637Ай бұрын

    kaspa is the way.. kaspa to the moon

  • @sunburnstudios1663
    @sunburnstudios1663Ай бұрын

    Bro move your BTC miners to Iran, at just .25 cent per kwhr you'll save $16-20k per Bitcoin mined😎

  • @honerablemention4550

    @honerablemention4550

    Ай бұрын

    Ngl, I had to read this like four times to figure out what you were saying lol

  • @y2kanonamous766

    @y2kanonamous766

    Ай бұрын

    That’s illegal for a U.S. citizen to do. And morally wrong to do anything that supports a regime that backs all the major radical Islamic terrorist organizations in the world.

  • @jamesswanson7213
    @jamesswanson7213Ай бұрын

    This video is great at 75% speed 👋

  • @mddragon5831
    @mddragon5831Ай бұрын

    And now ITS time to bye Solar

  • @garyalcorn3831
    @garyalcorn383123 күн бұрын

    i got 9x t21 overclocked to 222th i got free electric ;-)

  • @VoskCoin

    @VoskCoin

    23 күн бұрын

    How’d you get that much free electricity???

  • @garyalcorn3831

    @garyalcorn3831

    23 күн бұрын

    @@VoskCoin I’m electrician I can work magic on the electric meter 😉

  • @odaydrums
    @odaydrumsАй бұрын

    I pay .06 per Kw hooray

  • @honerablemention4550

    @honerablemention4550

    Ай бұрын

    Same, it's wild that he's actually mining at that rate, and working to get a higher rate than me.

  • @pubghabeshsa4957
    @pubghabeshsa4957Ай бұрын

    In my country it's $0.02 per kwh

  • @clearlight293
    @clearlight293Ай бұрын

    Bro who the hell keeps mining Bitcoin at these ultra low profit margins to keep the network difficulty so high? Are the big boys on like 1c/kW? The hashrate hasn't dropped under 500 EH/s after the halving and there were moments when it went over 700 EH/s wtf

  • @Bazed.

    @Bazed.

    Ай бұрын

    Definitely have rates close to that maybe 1.35c/kw

  • @GutterSwamp
    @GutterSwampАй бұрын

    Quick answer... HALF!

  • @VoskCoin

    @VoskCoin

    Ай бұрын

    less than half lol

  • @GutterSwamp

    @GutterSwamp

    Ай бұрын

    @@VoskCoin bummer dude. At least you have KZread to fall back on.

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