Fog Hashing makes the best immersion mining equipment - voskco.in/fh Altair sells the best PDU for mining here - voskco.in/aPDU Digital Shovel Minipod mining container - voskco.in/pod *use code VOSKCOIN to save some coin!*
My friendly advice shut the losing ones down sell them. Scale back to where you were making money. Look at it as a stock, you fall in love with it but it slowly keeps going down. What is your stop loss point.. Start CPU mining... 1/10 the cost... Most big miners personally get caught up hoping which 8-10 times have a bad ending.. GL. 80% of small companies fail because they wanted to grow to fast and got to big..
If they are already only break even maybe sell those ones to free up the space, time, and power. Use the sale of those to put towards a single miner that is profitable potentially.
I can't believe you're still Bitcoin mining bro 😂 😮 I haven't seen your channel pop up in my notification in years! I cannot believe you're still on this years later.
instead of spending your resources on shitcoin miners, you should of made your foundation more solid for Bitcoin. Weak miners get flushed by design. Just go full shitcoin, you earned it
@@cregtoshi just losing on bitcoin right now, altcoins are still profitable. and we're working toward a lower electric rate. we have lots of different forms of income.
Hate to say it, but it just no longer makes sense to mine for us smaller operations. Theyve produced too many ASICs and the only way you can compete is if you are getting electric at .05 kWh. Its a losing game dude. Its a waste. If i wouldve just bought the coin this cycle, i wouldve been in such a better position. Its really discouraging/depressing for me because decentralization was such a great idea in theory until these companies mass produced ASICs/Eth went to POS. They produce units, use burn in testing, sell you machines at a huge premium, and have all around shady business practices. I'm done, getting ready to sell most of my equipment but i wish you the best, my friend. I will always be rooting for us smaller operations but these big operations ruined decentralization and you will soon see 3 or 4 companies control all the hashrate.😢
i dont see any difference if you are putting 1/4 or 1/2 of your money in other people pockets only way to go if you want to compete is with free energy specially if you have a big company if you look at where prices on electricity is going in the world these years its not down so 0.05 cent does not leave you much room for succes
It was the ultimate end game. The chips makers and the manufacturers are the only getting rich. When the market is low, they ramp up production in order they flood the market with moderately price hardware. When the market is high, they reduce production, in order to artificially create scarcity and justify insane prices and margins. They are always winning and it's so obvious lol
The major problems with solar is the battery capacity. Running at night or during cloudy weeks will have to be planned and built for. With diy friendly stuff, you are looking at about $25-30k for a single 23amp line @ 240vac. You can do it though if you can get the batteries cheaper but still safe.
Interesting, thanks. Sorry, if this is off topic, the question is how to transfer USDT from an OKX wallet to Binance? Nothing except the seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive. Can you describe how to do this correctly?
I just started mining in my garage and this video definitely brings price to a sobering reality because my rate is around .08 plus a transmission rate of an additional.... 08. 16 cents overall with just two rigs I used $239 in power. It's tough but that's crazy to know the power company will give you a cheaper rate by using more power.
You're not cashing out coins are you? If you're not selling, you're not loosing money. When BTC hits $700k, I'm not mining for $7/day now. I'm mining for $70/day later. Why are you investing in more miners when it's obvious you need to invest in the infrastructure?
Yes you could be losing money because you’re spending more mining than market price so you would be better off just turning off the miner and buying everyday the proportional cost of mining just buying in the Market so you would en up with more coins
Dude btc is not going to hit even 100k this run. The fatal flaw in btc is that it was patch work, and what makes it worse is that the religious beliefs of btc maxis makes it impossible to appropriately improve it. No one ever considered trying to make it asic resistant or thought about what happens when pools and manufacturers, energy companies become a major factor into the security, and profitability of btc mining. This undermines the decentralization aspect hand over foot as seen in the pools that are required to even make any money even with a ridiculous setup like vosk. Literally no average person will want to engage in 240 and 480 setups just to make a few dollars a day. The point of the mining was supposed to create decentralization so that as many people as possible all over the world were continually contributing to the security of the network. Now it's so ridiculous that btc has to keep making 5x gains just because of the farms and pools to even be worth any person to mine. This just shows how the religious beliefs of btc once again cause people to try and essentially make the original Motorola cellphone worth something in 2024. If any thought was given from inception about mining to address these issues, you would have had built in from the start asic resistance so that more people could have viable means to contribute solving two issues the mining and decentralization. The ideal format would be to have everyone use a bit of the gpu power in the ridiculously powerful for no reason Cellphones almost everyone has to perform a small part of the hash and have small compensation for so that everyone securing and using the network have skin in the game beyond profit. Micheal Weaver addressed this essdtial flaw in BTC years ago...all it's going to take is power to get to expensive compared to btc price long enough with a few select miners to default and have to start selling more btc, to remain profitable or hell even break even
Hey we're right there with you. West Virginia just up the rate by a little over 10%. We are probably going to lose money over the next 2 months because of our overhead. But we can't really shut off until the third month of loss because we need to have cash flow and we need to use a certain amount of power in order to keep our rates. Did your power cost rise this year also?
This sounds like it is running you into the ground. Crypto price is something that can't be predicted the one way I see is manipulation and as long as this keeps going on it will not be fun anymore. How could the reward be half of what it was before the halving and yet the mining difficulties are still rising??
Sell the mustang and buy a very large wind turbine. Get it grid tied, then turn back on some rigs. Problem solved. Also add solar panels? By my base thoughts youd need 30 large 300+watt panels per asic. A large windturbine (im talking 100kw) could handle like 5-10asics
Vosk, You are lucky to even try to mine at a profit. It's 0.445 / kilowatt hour here. Nothing makes a profit so I just buy when I can. I know your thoughts on that but every situation is different. I said a couple years ago you need to bite the bullet and get the solar farm up. You are so close, keep going, you can make it!
Have you considered teaming with some1 else and maybe host their gear at your place to reach that cheaper electric rate, i just see you in too deep in btc asics, what if btc just straight up dies?
Have you looked into the USDA REAP program? You should be able to generate 3-phase Solar at 480v. This would give you 277v single phase, which most modern models support. Also, if at any time you don't want to continue using the S19j/k models, I have a much lower electrical rate and they are still profitable for me. I can either buy them or host them.
A slightly off-topic question, how to transfer USDT from OKX wallet to binance? Apart from this seed phrase, nothing: head isolate sound end kit industry choice festival limit stable dolphin derive
Delete this comment immediately. Never post your wallet seed publicly. I looked in your wallet and you still have assets. Empty your wallet to Binance, close your OKX account, and open a new one in case it's now permanently compromised. You're really lucky nobody (or me) has cleaned you out as of yet.
I thought about this problem years ago. Why would bitcoin miners still continue to operate in 20 years or 30 years when it’s impossible to generate a new coin? You need the network to maintain the cryptocurrency, but if it’s not profitable, then it doesn’t work.
I have a 10,000 watt solar array on a house I just bought (think "free energy"). If you consider the power generated by the solar array to be the max power to operate a mining operation (all solar goes to mining) what would you setup for the miners to maximize the solar output? What miner and what currency?
As a smaller miner in the UK i do NOT envy you! I'd be in debt very quickly running the loads you do! I'm sure in the long term it will all work out though. Hold in the low times and lambo in the high times!
You Gotta get with the new program, unfortunately mining is dead (hopefully it comes back) but staking is the new way to earn passive income. It would be the only way to turn profits for a mining business, staking and mining together
Solar is your answer. Build you a small array. one to run a couple of your bigger miners. I would sell a couple of oldest least efficient rigs. Then upgrade to more efficient ones.
my prediction is that BTC price has TOPPED for a while (we front-runned the Halving cycle because of ETF hype) and price will stagnate / bleed until EVEN Industrial scale miners (those who were late to the party and overpaid for machines && materials) will begin to shut down (and obviously most retail will already be wiped out).
Electric price will continue to rise. After halving btc will drop floor will be at 40k imo. In short if at this price u aint profitable u will have to either hodl pay out of own pocket for 2-3 years. Solar panels wont provide the amount of power u require. Other option would be to move the farm in an other country a third world country as power is subsidies there. Upscaling wont stop inflation and it is price increase. Suriname for example has a power price of 0.08 per kwh. We will see more decentralization of hashrate just due to the earnings and big miners. Imo i doubt satoshi thought btc would grow like this.
he could throw away 3/4 of the miners if he was running solar and have the same profit solar makes lots of sense you can run a btc miner for 12 hours and make the double profit as 24 hours on 10cent grid even if it was 0.05 he would still be giving away half of the money the machines makes to someone else if grid was my only option i would quit america cant sell many of its products to eu for example if they dont stop burning coal we cant justify poluting anywhere else because of our needs, no matter if its in america or india where i live we have seen a 4x rise in electricity in 20 years and 2x in 2 years and that rise is the cost of investing in green energy and a better grid plenty of money to be made when it comes to investing or trading in energy. but you have to invest in it energy can be converted into monay any time, and it can be converted into a range of products often you can run 2-3 different incomes, for example sell the energy and farm in the same area as the energy is produced. and convert some of the energy into a product for example crypto.. its a bit more flexible investing in energy then in a btc miner, and you can get 3 times more profit from on your btc miner for example
You need your solar farm to provide power!!! That would be a good pivot. I'm selling my GPUs because they are not profitable. My focus is on low power mining Depin!
I've never understood the argument mining for future wealth if you are mining in the red then you might as well take the money that you would have otherwise paid for electricity and just buy Bitcoin with it
@@2629derekhale totally agree, unless the heat (byproduct) is being used to heat your house, better to shut down and use money saved to purchase the coin. Although even better is to use the saved money and invest in solar so that Electric cost is reduced or gone.
Even the most high end ASICS 255th is at a loss electricity more than profit. Fortunately mining difficulty is dropping but unless bitcoin goes up asic mining is useless
Only way your going to get back into the green is btc going up or you slap down 10,000 watts of solor or more probably. And getting that much solar isn't going to come cheap.
Great Video Vosk! I can relate to a number of points you made in the video! Its hard buying more Bitcoin Miners right now at BTC Mining Profits. Very slim Profit Margins after electric. Altcoin miners are keeping me in the green right now. Keep after it! When are you going to let me come tour the Voskcoin Compound?
I just dont understand why anyone would host ASICs for consumers to make profit off of when they can just run them themselves and take 100% of the profit for themselves. It just seems kind of sketchy. Maybe I just dont know? Can someone explain the reasoning behind this to me?
Your electricity cost is a little high, forget the solar panel idea, do the electrical expansion, either unplug the inefficient miners unless you want to save the coin and hope it increases in value before you sell it and or sell the older asics, and invest in some newer asics.
dont worry- bullrun will come. then profitability will go up faaast. get 3 phase though. the newer hydro models all run on 3 phase and it is a way smoother distribution of the amps - the neutral cable is basically jobless
Well Bitcoin mining is not an easy game anymore, as you well know. And this is the crappy time where we can do nothing but wait for the market to do it’s thing. I would do just what you said…shut down your most costly Bitcoin miners and keep the most efficient ones running. Double down on the miners that ARE profitable, like KAS, LTC/DOGE, and ALPH and when big B does it’s thing throw all those Bitcoin miners back online
Doesn’t need to tie into whatever the long term plan is. Just focus on adding more electrical capacity there so you can max the value of the gear you already have. Bitcoin could disappear tomorrow. No sense unplugging things now when that gear can still make a profit. Just do what needs to be done to get that profit and worry about the future grand plan later. Just my two cents.
I run my entire mining setup off of solar and ran out of capacity pretty fast. I augment my mining with nodes and staking. I use iNodes for some of my my nodes but you can earn coins on your wallet stacks by staking to bring in money with no infrastructure at all. Scale endlessly. Ethereum staking is a great way to make money on your money if you have the capital to invest. Also CPU mining has stayed profitable though you are pretty deep into the ASIC game.
Gotta view the rigs like a team during a basket ball match. When you down, you put your best players in and bench the rest. Plans that are static tend to fail when they can't adapt to new environments/info.
Portable immersion tanks...stability,quieter,likely cooler....resalable.transportable but again the KEYS are.....SOLAR.....BATT....CAPACITATION....spray out filters..temp and shade control.......profit comes from electricity supply control....YOOR control is SOLAR CONTROL....when profits occur...you can phase out OLD or less performing.. Upgrade Always Capability.
i feel you man, i ran a farm of 50 antminerS1s back in 2014-2015 with 40% discount in electricity and almost zero cost for operations and i knew mining is not feasible. so after 13 months, i sold more than half of ASIC and simply buy Bitcoin from the exchanges. i still have 7 S1s in storage today. it was fun and educational but i will not do it again. how many BTC i got from mining ? not enough to cover the machines and let leave it as that.
I considered crypto mining once but the economics of it is simply terrible. Most people I know that invested heavily don’t make it past 3-4 years due to the money sink hole it is.
this comes down to 2 simple questions. why on earth are billionaire companies paying less rates than the average American working home? how long are American's going to continue to get stepped on before we do something about it?
we figured that out man every time it stops going up you start complaining why not selling the shit out of everything keep some btc a couple of miners to feel you are not out of it and live your life while you are still young than trying to compete with mega farms. I am just being realistic. You are talking about solar since about 2 years ago or more what happened with that? Nevertheless it stresses you out while you can just stop and move on other things dude make a family set up some related business etc.
my guess is that you could dunk the former inmerged miners in an alcohol bath , maibe even use a ultrasone cleaner leave them in there a bit then put them in a verry warm chamber to dry out still on the fence about inmercion cooling , the added cost and the possible mess are a stumbling block for me there IS sumting i learned recently "s19 miners have corrosion issues on the traces in the corners of the circuitboard on the air inlet side making them give no asics or temp issues this is deu to moist air being blown over the traces wearing/corroding off the copper , inmersion mining does away with moist air so those miners if there placed in there straight out of the box "should" last longer before they start to give those problems knowing this i probably do some precaution work on the hashboards , putting some anti corrosion stuff over that side of the board
SOLAR...SOLAR...SOLAR....BATT....BATT...BATT...BATT...BATT.....yoooorself BACK to PROFIT.. Obviously.....totally obviously....profit.......ASSET.......lifespan....lifespan.....control.
Fog Hashing makes the best immersion mining equipment - voskco.in/fh
Altair sells the best PDU for mining here - voskco.in/aPDU
Digital Shovel Minipod mining container - voskco.in/pod
*use code VOSKCOIN to save some coin!*
My friendly advice shut the losing ones down sell them. Scale back to where you were making money. Look at it as a stock, you fall in love with it but it slowly keeps going down. What is your stop loss point.. Start CPU mining... 1/10 the cost... Most big miners personally get caught up hoping which 8-10 times have a bad ending.. GL. 80% of small companies fail because they wanted to grow to fast and got to big..
If they are already only break even maybe sell those ones to free up the space, time, and power. Use the sale of those to put towards a single miner that is profitable potentially.
I can't believe you're still Bitcoin mining bro 😂 😮 I haven't seen your channel pop up in my notification in years! I cannot believe you're still on this years later.
people make money off bitcoin cloud mining
it's called
i have heard a lot of people talking about this platform
10k monthly
Yep spent way too much. Not possible to make ROI
instead of spending your resources on shitcoin miners, you should of made your foundation more solid for Bitcoin.
Weak miners get flushed by design.
Just go full shitcoin, you earned it
lol my foundation is good buddy thanks
@@VoskCoin is that why you are losing money mining?
@@cregtoshi just losing on bitcoin right now, altcoins are still profitable. and we're working toward a lower electric rate. we have lots of different forms of income.
@@missvosk you mean just losing on Epstein segwit coin
Second question, for Kaspa asics in the Immersion tanks, do you leave the PSU fans installed/connected or did you remove them?
Have you gotten any wind or solar energy to reduce cost of electricity?
Hate to say it, but it just no longer makes sense to mine for us smaller operations. Theyve produced too many ASICs and the only way you can compete is if you are getting electric at .05 kWh. Its a losing game dude. Its a waste. If i wouldve just bought the coin this cycle, i wouldve been in such a better position. Its really discouraging/depressing for me because decentralization was such a great idea in theory until these companies mass produced ASICs/Eth went to POS. They produce units, use burn in testing, sell you machines at a huge premium, and have all around shady business practices. I'm done, getting ready to sell most of my equipment but i wish you the best, my friend. I will always be rooting for us smaller operations but these big operations ruined decentralization and you will soon see 3 or 4 companies control all the hashrate.😢
i dont see any difference if you are putting 1/4 or 1/2 of your money in other people pockets
only way to go if you want to compete is with free energy
specially if you have a big company
if you look at where prices on electricity is going in the world these years its not down
so 0.05 cent does not leave you much room for succes
@@Hansen710 exactly, it wouldn't pay with even free electric, you'd be better off selling the electric!
It was the ultimate end game.
The chips makers and the manufacturers are the only getting rich.
When the market is low, they ramp up production in order they flood the market with moderately price hardware.
When the market is high, they reduce production, in order to artificially create scarcity and justify insane prices and margins.
They are always winning and it's so obvious lol
It is still good profitable with good electric rate
The Bitcoin ETF allows naked shorting on coinbase!
@VoskCoin So how windy is your GeoLocation? Look at Residential Wind Generators that can be wired to the Main Just Sayin!
Where do you sell you antminers
The major problems with solar is the battery capacity. Running at night or during cloudy weeks will have to be planned and built for. With diy friendly stuff, you are looking at about $25-30k for a single 23amp line @ 240vac. You can do it though if you can get the batteries cheaper but still safe.
gotta go solar, start building that out, no more miner hoarding.
go after the power suppliers and there significant increases in home power cost compared to industry cost.
we're in the process of it! it's taking months to get approval on three phase, but we should see progress by the end of the year.
Why don't you just pivot to all in on ckb?
Interesting, thanks. Sorry, if this is off topic, the question is how to transfer USDT from an OKX wallet to Binance? Nothing except the seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive. Can you describe how to do this correctly?
I just started mining in my garage and this video definitely brings price to a sobering reality because my rate is around .08 plus a transmission rate of an additional.... 08. 16 cents overall with just two rigs I used $239 in power. It's tough but that's crazy to know the power company will give you a cheaper rate by using more power.
chinese have a big advantage, mines are used as a dummy load so they can keep hydropower online so it's free.
Do you write back what is your electric bill like a month
Mining crypto is just slowly buying it from the power company.
Any information on why or what I can do about the Chia/Evergreen Miner not working?
You're not cashing out coins are you? If you're not selling, you're not loosing money. When BTC hits $700k, I'm not mining for $7/day now. I'm mining for $70/day later.
Why are you investing in more miners when it's obvious you need to invest in the infrastructure?
Yes you could be losing money because you’re spending more mining than market price so you would be better off just turning off the miner and buying everyday the proportional cost of mining just buying in the Market so you would en up with more coins
BS
If, when
Dude btc is not going to hit even 100k this run. The fatal flaw in btc is that it was patch work, and what makes it worse is that the religious beliefs of btc maxis makes it impossible to appropriately improve it.
No one ever considered trying to make it asic resistant or thought about what happens when pools and manufacturers, energy companies become a major factor into the security, and profitability of btc mining. This undermines the decentralization aspect hand over foot as seen in the pools that are required to even make any money even with a ridiculous setup like vosk. Literally no average person will want to engage in 240 and 480 setups just to make a few dollars a day. The point of the mining was supposed to create decentralization so that as many people as possible all over the world were continually contributing to the security of the network. Now it's so ridiculous that btc has to keep making 5x gains just because of the farms and pools to even be worth any person to mine.
This just shows how the religious beliefs of btc once again cause people to try and essentially make the original Motorola cellphone worth something in 2024.
If any thought was given from inception about mining to address these issues, you would have had built in from the start asic resistance so that more people could have viable means to contribute solving two issues the mining and decentralization.
The ideal format would be to have everyone use a bit of the gpu power in the ridiculously powerful for no reason Cellphones almost everyone has to perform a small part of the hash and have small compensation for so that everyone securing and using the network have skin in the game beyond profit. Micheal Weaver addressed this essdtial flaw in BTC years ago...all it's going to take is power to get to expensive compared to btc price long enough with a few select miners to default and have to start selling more btc, to remain profitable or hell even break even
Some experiences with revolution mining?
sub-divide your property so council has to provide power to both
Hey we're right there with you. West Virginia just up the rate by a little over 10%. We are probably going to lose money over the next 2 months because of our overhead. But we can't really shut off until the third month of loss because we need to have cash flow and we need to use a certain amount of power in order to keep our rates. Did your power cost rise this year also?
This sounds like it is running you into the ground. Crypto price is something that can't be predicted the one way I see is manipulation and as long as this keeps going on it will not be fun anymore. How could the reward be half of what it was before the halving and yet the mining difficulties are still rising??
You’re killing it dude. 🚀
best infrastructure investment would be to build an ASIC time machine that goes to 2008
Sell the mustang and buy a very large wind turbine. Get it grid tied, then turn back on some rigs. Problem solved. Also add solar panels? By my base thoughts youd need 30 large 300+watt panels per asic. A large windturbine (im talking 100kw) could handle like 5-10asics
Vosk, You are lucky to even try to mine at a profit. It's 0.445 / kilowatt hour here. Nothing makes a profit so I just buy when I can. I know your thoughts on that but every situation is different. I said a couple years ago you need to bite the bullet and get the solar farm up. You are so close, keep going, you can make it!
Have you considered teaming with some1 else and maybe host their gear at your place to reach that cheaper electric rate, i just see you in too deep in btc asics, what if btc just straight up dies?
if btc dies the whole industry dies which is highly unlikely
Put in some solar or wind turbines to run the ones that don't justify the electric bill and run them when the juice is there.
Can you hook up a mini windmill generator in front of your outside fans? The heat pumps? To feed back to your electrical
Have you looked into the USDA REAP program? You should be able to generate 3-phase Solar at 480v. This would give you 277v single phase, which most modern models support.
Also, if at any time you don't want to continue using the S19j/k models, I have a much lower electrical rate and they are still profitable for me. I can either buy them or host them.
A slightly off-topic question, how to transfer USDT from OKX wallet to binance? Apart from this seed phrase, nothing: head isolate sound end kit industry choice festival limit stable dolphin derive
Delete this comment immediately. Never post your wallet seed publicly. I looked in your wallet and you still have assets. Empty your wallet to Binance, close your OKX account, and open a new one in case it's now permanently compromised. You're really lucky nobody (or me) has cleaned you out as of yet.
This gotta be fake right bro? Cuz you never give your seed phase online
You should look into signature solar diy . Super cheap if you go that route but you gotta do the labor yourself
I thought about this problem years ago. Why would bitcoin miners still continue to operate in 20 years or 30 years when it’s impossible to generate a new coin? You need the network to maintain the cryptocurrency, but if it’s not profitable, then it doesn’t work.
Can cloud mining help you out to get the farm completed?
I have a 10,000 watt solar array on a house I just bought (think "free energy"). If you consider the power generated by the solar array to be the max power to operate a mining operation (all solar goes to mining) what would you setup for the miners to maximize the solar output? What miner and what currency?
I’d be shitting my pants in your situation but I hope it works out. It just sounds like a lose lose situation unless Cypto goes up dramatically
Yes lets go to the moon ;D
times are tough just hang in there
Look for a river you can build a hydroelectric setup on
As a smaller miner in the UK i do NOT envy you! I'd be in debt very quickly running the loads you do! I'm sure in the long term it will all work out though. Hold in the low times and lambo in the high times!
You Gotta get with the new program, unfortunately mining is dead (hopefully it comes back) but staking is the new way to earn passive income. It would be the only way to turn profits for a mining business, staking and mining together
Solar is your answer. Build you a small array. one to run a couple of your bigger miners. I would sell a couple of oldest least efficient rigs. Then upgrade to more efficient ones.
my prediction is that BTC price has TOPPED for a while (we front-runned the Halving cycle because of ETF hype) and price will stagnate / bleed until EVEN Industrial scale miners (those who were late to the party and overpaid for machines && materials) will begin to shut down (and obviously most retail will already be wiped out).
Thanks! You were the first you tuber I started with 1 1/2 years ago!!
thanks for being here!
Electric price will continue to rise. After halving btc will drop floor will be at 40k imo. In short if at this price u aint profitable u will have to either hodl pay out of own pocket for 2-3 years. Solar panels wont provide the amount of power u require. Other option would be to move the farm in an other country a third world country as power is subsidies there. Upscaling wont stop inflation and it is price increase. Suriname for example has a power price of 0.08 per kwh. We will see more decentralization of hashrate just due to the earnings and big miners. Imo i doubt satoshi thought btc would grow like this.
he could throw away 3/4 of the miners if he was running solar and have the same profit
solar makes lots of sense you can run a btc miner for 12 hours and make the double profit as 24 hours on 10cent grid
even if it was 0.05 he would still be giving away half of the money the machines makes to someone else
if grid was my only option i would quit
america cant sell many of its products to eu for example if they dont stop burning coal
we cant justify poluting anywhere else because of our needs, no matter if its in america or india
where i live we have seen a 4x rise in electricity in 20 years
and 2x in 2 years
and that rise is the cost of investing in green energy and a better grid
plenty of money to be made when it comes to investing or trading in energy.
but you have to invest in it
energy can be converted into monay any time, and it can be converted into a range of products
often you can run 2-3 different incomes, for example sell the energy and farm in the same area as the energy is produced.
and convert some of the energy into a product for example crypto..
its a bit more flexible investing in energy then in a btc miner, and you can get 3 times more profit from on your btc miner for example
Link to the rate schedule? Those things are full of tricks and additional rates that aren’t as clear as they should be
Could you bury 100 feet of plastic pipe say 6 to 10 feet down to pump oil through to cool the oil and illuminate the need for the air coolers
You need your solar farm to provide power!!! That would be a good pivot. I'm selling my GPUs because they are not profitable. My focus is on low power mining Depin!
Why not put more money into the hosting companies with lower power rates? The numbers make more sense
You are mining for future wealth
I've never understood the argument mining for future wealth if you are mining in the red then you might as well take the money that you would have otherwise paid for electricity and just buy Bitcoin with it
@@2629derekhale it's pennies compared to dollars
@@2629derekhale totally agree, unless the heat (byproduct) is being used to heat your house, better to shut down and use money saved to purchase the coin. Although even better is to use the saved money and invest in solar so that Electric cost is reduced or gone.
Wouldn't you be better if you were buying new equipment to mine KASA and convert to BTC?
If you get solar, compare cost of batteries to running a large commercial diesel generator or 2. Military surplus generators may be an option.
Get to work on building out solar like you said years ago. It's very unpopular to mine without at least some renewables.
we need power pools, where miners can operate at secure locations to pool power consumption for reduced electrical rate
I go with solar panels wich covers in summer a lot of my power needs ;-)
Suggestion: You can host other people's miners to hit that electricity rate.
bigger issue is dragging the electric company out to build the service, it's been a long process.
Focus on getting the lower electricity rate
Even the most high end ASICS 255th is at a loss electricity more than profit. Fortunately mining difficulty is dropping but unless bitcoin goes up asic mining is useless
Sell all the s19j pros and buy a few s21 machines if you want to keep mining BC. I would get L9s all the way with the money you get from selling them.
Only way your going to get back into the green is btc going up or you slap down 10,000 watts of solor or more probably. And getting that much solar isn't going to come cheap.
i have a question , is it worth mining LBC lbry token
Great Video Vosk! I can relate to a number of points you made in the video! Its hard buying more Bitcoin Miners right now at BTC Mining Profits. Very slim Profit Margins after electric. Altcoin miners are keeping me in the green right now. Keep after it! When are you going to let me come tour the Voskcoin Compound?
Sell, Sell, Sell the old stuff and keep the newer efficient stuff
I just dont understand why anyone would host ASICs for consumers to make profit off of when they can just run them themselves and take 100% of the profit for themselves. It just seems kind of sketchy. Maybe I just dont know? Can someone explain the reasoning behind this to me?
OPM Other Peoples Money
You make money off the power cost. Machine efficiency doesn’t, coin price doesn’t matter, as long as a machine is plugged in. You’re making money
@@Wigwhom86 thanks I get it now
Achieving Profit yooor back in Action....interests are always SCALING.
Hey Vosk - why are you so hung up on mining bitcoin - I have switched over to sha256 alt coins - making $9.50 a day with my s21 200th asics
Which coin(s)
Get more kaspa miners.....
Even maratón is migrating to kaspa.
Dude, i was mining back in 2014 so i know what you're going through. Decided to quit all that and just buy the coins. Good luck bro!
Your electricity cost is a little high, forget the solar panel idea, do the electrical expansion, either unplug the inefficient miners unless you want to save the coin and hope it increases in value before you sell it and or sell the older asics, and invest in some newer asics.
If you can afford to ride it and gamble, if the coin goes up in value before you sell, instead of unprofitable, it became actually profitable.
Hint: by august the blocksize will be 4 megs, so factor that in your inside thinking.
dont worry- bullrun will come.
then profitability will go up faaast.
get 3 phase though.
the newer hydro models all run on 3 phase and it is a way smoother distribution of the amps - the neutral cable is basically jobless
I run t21 have 3 phase is nice
Well Bitcoin mining is not an easy game anymore, as you well know. And this is the crappy time where we can do nothing but wait for the market to do it’s thing. I would do just what you said…shut down your most costly Bitcoin miners and keep the most efficient ones running. Double down on the miners that ARE profitable, like KAS, LTC/DOGE, and ALPH and when big B does it’s thing throw all those Bitcoin miners back online
Doesn’t need to tie into whatever the long term plan is. Just focus on adding more electrical capacity there so you can max the value of the gear you already have. Bitcoin could disappear tomorrow. No sense unplugging things now when that gear can still make a profit. Just do what needs to be done to get that profit and worry about the future grand plan later. Just my two cents.
I run my entire mining setup off of solar and ran out of capacity pretty fast. I augment my mining with nodes and staking. I use iNodes for some of my my nodes but you can earn coins on your wallet stacks by staking to bring in money with no infrastructure at all. Scale endlessly. Ethereum staking is a great way to make money on your money if you have the capital to invest. Also CPU mining has stayed profitable though you are pretty deep into the ASIC game.
I bet I know why it's getting harder to mine in Mexico and Venezuela: you can get free electricity.
Gotta view the rigs like a team during a basket ball match. When you down, you put your best players in and bench the rest. Plans that are static tend to fail when they can't adapt to new environments/info.
sell old miners for what ever you can get then reinvest into the actual coin, wait for pump take profit rebuy new iterations of asic miners next year.
It's tough bro. I'm from argentina an additional to the halving I went from 0,02 dollars per kwh to 0,11 dollars in 6 month... 😢
Portable immersion tanks...stability,quieter,likely cooler....resalable.transportable but again the KEYS are.....SOLAR.....BATT....CAPACITATION....spray out filters..temp and shade control.......profit comes from electricity supply control....YOOR control is
SOLAR CONTROL....when profits occur...you can phase out OLD or less performing..
Upgrade Always Capability.
i feel you man, i ran a farm of 50 antminerS1s back in 2014-2015 with 40% discount in electricity and almost zero cost for operations and i knew mining is not feasible. so after 13 months, i sold more than half of ASIC and simply buy Bitcoin from the exchanges. i still have 7 S1s in storage today. it was fun and educational but i will not do it again. how many BTC i got from mining ? not enough to cover the machines and let leave it as that.
You should host miners I'm sure that would bring you income.
More profitable to work at Walmart, than run a mining rig.
I considered crypto mining once but the economics of it is simply terrible. Most people I know that invested heavily don’t make it past 3-4 years due to the money sink hole it is.
Why dont you try to rent out your machines to the public and recoup your losses there. Or put all of them to solo mine BTC
Just seems like a losing proposition with the halving and electricity costs
this comes down to 2 simple questions.
why on earth are billionaire companies paying less rates than the average American working home?
how long are American's going to continue to get stepped on before we do something about it?
we figured that out man every time it stops going up you start complaining why not selling the shit out of everything keep some btc a couple of miners to feel you are not out of it and live your life while you are still young than trying to compete with mega farms.
I am just being realistic.
You are talking about solar since about 2 years ago or more what happened with that?
Nevertheless it stresses you out while you can just stop and move on other things dude make a family set up some related business etc.
Can I send 2 x ipollo v1 minis to revolution mining? 😂
If your looking to make a profit on mining BTC, just hodl it. Just hold it until your at a profit. Your not that smart are you?
lolll 😆
*you're
my guess is that you could dunk the former inmerged miners in an alcohol bath , maibe even use a ultrasone cleaner leave them in there a bit then put them in a verry warm chamber to dry out
still on the fence about inmercion cooling , the added cost and the possible mess are a stumbling block for me
there IS sumting i learned recently "s19 miners have corrosion issues on the traces in the corners of the circuitboard on the air inlet side making them give no asics or temp issues
this is deu to moist air being blown over the traces wearing/corroding off the copper , inmersion mining does away with moist air so those miners if there placed in there straight out of the box "should" last longer before they start to give those problems
knowing this i probably do some precaution work on the hashboards , putting some anti corrosion stuff over that side of the board
kaspa mention
Ill go halvsies with you on a property in Eastern WA where electricity is 3 cents kw/h
Solo mine bro. Pool mining is killing you rn
Do let me know if ure interested to sell off bitcoin mining machines 😄
SOLAR...SOLAR...SOLAR....BATT....BATT...BATT...BATT...BATT.....yoooorself BACK to PROFIT..
Obviously.....totally obviously....profit.......ASSET.......lifespan....lifespan.....control.
Making a video about losing money whilst mining with Nano at 1.8TH/s lmao, dude didn't get the proper charger and has to mine it on low mode. Amateur
Воск переезжай в Россию, тут тарифы на электроэнергию ниже. На газопоршневых установках тариф 5 рублей +-