Is Bitcoin Mining Worth it in 2025?

00:11:51
https://www.youtube.com/watch?v=cruWVdRGeF0

Ringkasan

TLDRIn this video, Drew Vos from the Boscoin YouTube channel discusses the current state and future of his Bitcoin mining operations. Despite recent increases in Bitcoin value, mining profitability is not as high as expected due to increasing mining difficulty. Drew outlines that he operates a mining farm with both current and older generation miners and shares insights into his daily earnings and running costs. Although there's a $175 revenue per day, the profit is slimmer at $50 due to electricity costs. Drew expresses concerns about the sustainability of current mining operations, the potential of expanding into solar energy, and the strategies of big players in the market like Marathon who are investing in Bitcoin instead of expanding their operations. He also mentions the continuous advancements in miner technology and his plans to adapt, possibly moving towards solar power for cost efficiency. Throughout the video, he provides a real-life glance into the challenges and decisions in running a mining operation.

Takeaways

  • 💡 Bitcoin mining profitability is challenged by rising difficulty levels.
  • ⚡ Electricity costs significantly affect mining profits.
  • 💼 Some big companies prefer buying Bitcoin over expanding mining operations.
  • 🌞 Solar energy is considered as an offset for energy costs.
  • 📈 Bitcoin price rise doesn't necessarily mean increased profits for miners.
  • 🔧 New mining technology is constantly evolving, impacting older miners.
  • 💰 Daily earnings from mining can be substantial, yet profits are slim after costs.
  • 🏗️ Expanding mining operations requires careful strategic planning.
  • 🔄 Crypto market cycles influence mining decisions.
  • 🗺️ Future planning involves considering alternative energy and tech advancements.

Garis waktu

  • 00:00:00 - 00:05:00

    Bitcoin mining has become increasingly competitive despite the rise in Bitcoin's value, which now sees $50 million generated daily for miners. The speaker, Drew Vos, outlines his Bitcoin mining setup, profitability assessment, and strategies, such as considering solar energy to reduce electricity costs. With Bitcoin's difficulty level rising and affecting profitability, publicly traded companies like Marathon have shifted strategies, purchasing Bitcoin instead of expanding mines. Drew shares details of his mining rig, revealing the challenges of operational costs and modest profits in a high-stakes environment, while reflecting on the importance of strategic decisions amid market volatility.

  • 00:05:00 - 00:11:51

    Despite the fluctuating profitability and challenges in the mining sector, including rising electricity costs and maxed-out capacities, Drew remains optimistic due to factors such as the potential increase in Bitcoin’s value. He contemplates expanding his operations and investing in solar energy while evaluating the broader cryptocurrency landscape. Although current miners may become obsolete by 2026, manufacturers continue to improve efficiency, presenting ongoing investment dilemmas. Drew candidly discusses the strategic complexities of Bitcoin mining, balancing current earnings with long-term sustainability and adaptation to technological advancements.

Peta Pikiran

Video Tanya Jawab

  • What impacts Bitcoin mining profitability the most?

    The increasing difficulty of mining and high electricity costs are major factors affecting profitability.

  • Why are electricity costs significant in mining?

    Electricity is a substantial operational cost, often eating into profits from mining rewards.

  • What is the strategy of some major companies like Marathon regarding Bitcoin?

    Some companies are choosing to buy and hold Bitcoin rather than expand mining operations.

  • How does the price of Bitcoin influence mining profits?

    While a higher Bitcoin price can increase revenue, rising costs and difficulty can offset profit gains.

  • Is solar energy a viable option for reducing mining costs?

    Yes, solar energy can help offset electricity costs, making mining more sustainable.

  • Are older generation miners still viable in the future?

    Older miners may become less viable as more efficient mining technologies emerge.

  • How does mining difficulty evolve over time?

    Mining difficulty tends to increase over time, impacting the ease and cost-effectiveness of mining.

  • Why is strategic planning important in mining?

    Strategic planning allows for better adaptation to market changes, technological advancements, and cost management.

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Gulir Otomatis:
  • 00:00:00
    I've been building my Bitcoin mining
  • 00:00:01
    farm for years and I'm even looking at
  • 00:00:03
    solar to offset my electricity costs but
  • 00:00:06
    now bitcoin's finally pumped and there's
  • 00:00:09
    about $50 million that goes out to
  • 00:00:11
    bitcoin miners every single day so am I
  • 00:00:15
    just absolutely rolling in coin here or
  • 00:00:18
    is it maybe not as lucrative as you may
  • 00:00:20
    think because Bitcoin mining competition
  • 00:00:23
    continues to increase hey I'm Drew Vos
  • 00:00:26
    you're on the boscoin YouTube channel
  • 00:00:28
    and we're going to run through my
  • 00:00:29
    Bitcoin mining profitability numbers uh
  • 00:00:31
    if it's worth it and where am I going
  • 00:00:33
    from
  • 00:00:42
    here at the time we're recording this
  • 00:00:44
    Bitcoin is worth about
  • 00:00:47
    $96,000 per coin still crazy to see $47
  • 00:00:51
    million in a mission in the last 24
  • 00:00:53
    hours that means that Bitcoin miners has
  • 00:00:55
    basically earned $47 million that's the
  • 00:00:57
    amount of coins mined and also fee Fe
  • 00:01:00
    transaction fees on the blockchain uh
  • 00:01:02
    for Bitcoin goes back to the miners
  • 00:01:05
    speaking of mining I may be building my
  • 00:01:07
    own mining Farm but if you don't feel
  • 00:01:08
    like doing that check out Revolution
  • 00:01:10
    mining where you can buy miners with
  • 00:01:12
    them and they will run them for you link
  • 00:01:14
    out in the video description below and
  • 00:01:16
    thanks to them for making today's video
  • 00:01:19
    possible uh in the last 7 days
  • 00:01:21
    difficulty's gone up
  • 00:01:24
    1.6% Bitcoin difficulty charts hard to
  • 00:01:28
    type uh check this out right Bitcoin
  • 00:01:32
    mining continues to get more and more
  • 00:01:33
    difficult it's obvious you would assume
  • 00:01:36
    that you know that but what does it look
  • 00:01:38
    like over the last year uh it's got a
  • 00:01:41
    good bit more difficult basically going
  • 00:01:43
    from 67 to now a difficulty of 104 if we
  • 00:01:48
    go back 3 years it's all the way down to
  • 00:01:50
    22 uh so it's very safe to assume that
  • 00:01:53
    it will continue to get more and more
  • 00:01:55
    difficult the Bitcoin having occurred in
  • 00:01:57
    2024 and it barely made a dent in the
  • 00:02:00
    Bitcoin mining difficulty but it did
  • 00:02:03
    make a huge dent in Bitcoin mining
  • 00:02:06
    profitability one thing in particular
  • 00:02:08
    that's pretty interesting to see in uh
  • 00:02:10
    disclosure I I own mea uh among many
  • 00:02:13
    other Bitcoin crypto stocks uh they've
  • 00:02:16
    adopted the micro strategy play and and
  • 00:02:19
    they're basically just buying
  • 00:02:20
    Bitcoin and their stock is doing great
  • 00:02:23
    because of that and if we go out further
  • 00:02:25
    it wasn't doing all that well but since
  • 00:02:27
    they've changed up strategies uh they
  • 00:02:29
    have rebounded
  • 00:02:31
    significantly uh so I'm not pushing
  • 00:02:33
    Marathon right uh I'm just saying this
  • 00:02:36
    is a publicly traded Bitcoin mining
  • 00:02:39
    farm that is instead of expanding the
  • 00:02:42
    mining farm and other things they're
  • 00:02:44
    just literally buying Bitcoin right now
  • 00:02:45
    and it's going great for them and their
  • 00:02:47
    holders the game's changing and it's
  • 00:02:50
    just kind of weird but that's a little
  • 00:02:52
    bit of a overview scenario so I've got a
  • 00:02:55
    bunch of Bitcoin miners at least from my
  • 00:02:57
    point of view uh and on this one mining
  • 00:02:59
    po particular I have 26 that are
  • 00:03:02
    online on that mining pool I have
  • 00:03:04
    basically five latest generation uh
  • 00:03:06
    miners one is downclocked a little bit
  • 00:03:08
    because I've been having a lot of
  • 00:03:09
    problems with that S21 and it's been
  • 00:03:11
    warrantied already uh the bottom line is
  • 00:03:14
    though basically five current generation
  • 00:03:17
    and then 21 previous generation that
  • 00:03:20
    equates to about three pah of mining
  • 00:03:25
    power and it's really 2.9 right now uh
  • 00:03:30
    it would be over three if my two miners
  • 00:03:32
    that were down on my dcx bit pod were
  • 00:03:34
    online but uh that's gone down again so
  • 00:03:38
    looking at my reward here I'm basically
  • 00:03:39
    mining .19
  • 00:03:42
    to18 uh BTC realistically I think we can
  • 00:03:45
    look at I I'd say I'm probably getting
  • 00:03:47
    about
  • 00:03:51
    0182 maybe a slight round up there
  • 00:03:53
    Bitcoin per day uh in mining rewards
  • 00:03:57
    dollarize that's about $175
  • 00:04:00
    right there uh in Bitcoin mining so if
  • 00:04:05
    we
  • 00:04:06
    look at uh 175 divid by 26
  • 00:04:12
    miners I'm earning about
  • 00:04:14
    $66.72 per Bitcoin minor and a lot of
  • 00:04:18
    these machines probably cost me around
  • 00:04:19
    five bucks a day to run uh some cost me
  • 00:04:21
    more like six almost $7 a day to run uh
  • 00:04:26
    so really best case scenario you could
  • 00:04:29
    probably say I'm earning about $2 per
  • 00:04:31
    machine so my Revenue May be$ 175 a day
  • 00:04:35
    but my profits are more like 50 bucks a
  • 00:04:37
    day and when you understand what it
  • 00:04:39
    takes to run 26 miners that's not that
  • 00:04:43
    awesome I always feel better when I
  • 00:04:45
    break the numbers out over a longer time
  • 00:04:46
    period right so over the next year that
  • 00:04:48
    would be plus 20 grand I mean that's
  • 00:04:50
    pretty cool uh that's kind of exciting
  • 00:04:53
    and hopefully Bitcoin doubles in that
  • 00:04:55
    time right then maybe it' be like 40
  • 00:04:58
    Grand I mean that's what happened over
  • 00:05:00
    the last year and then some when I mined
  • 00:05:02
    and held all of my Bitcoin uh so some
  • 00:05:06
    things to kind of think about and
  • 00:05:07
    consider but remember things don't
  • 00:05:08
    always just go up forever uh
  • 00:05:11
    everything's a cycle more or less uh but
  • 00:05:13
    that's the reality right of Bitcoin
  • 00:05:15
    mining my situation what I'm earning and
  • 00:05:19
    I'm just kind of sitting here what do I
  • 00:05:21
    do where do I go from here I have my
  • 00:05:23
    other video I recently posted talking
  • 00:05:25
    about solar for the house looking at
  • 00:05:27
    solar for commercial deployment too
  • 00:05:29
    looking at pulling in three phase uh but
  • 00:05:33
    the costs to do that have recently
  • 00:05:35
    skyrocketed uh for me unfortunately
  • 00:05:37
    which I talked about another video so I
  • 00:05:39
    won't drone on and on about that in
  • 00:05:41
    today's video uh but I sit here I look
  • 00:05:43
    at my
  • 00:05:45
    numbers I'm happy I'm not
  • 00:05:48
    thrilled uh Bitcoin mining has been
  • 00:05:50
    doing very well uh like to date for me
  • 00:05:54
    um only because my Bitcoin that I've
  • 00:05:58
    mined and held
  • 00:06:00
    has has done well uh if Bitcoin hadn't
  • 00:06:03
    gone up so much I wouldn't be singing
  • 00:06:05
    that same tune but when I zoom in on a
  • 00:06:07
    day-to-day performance it's not exciting
  • 00:06:10
    right so I have 26 Bitcoin Miners and
  • 00:06:13
    you could buy one amp Miner L9 that mins
  • 00:06:16
    Dogecoin right now and you would
  • 00:06:18
    basically profit the same amount of
  • 00:06:19
    money per day after the electricity bill
  • 00:06:22
    so like you could have one L9 or you can
  • 00:06:24
    have my 26 Bitcoin Miners and they are
  • 00:06:27
    putting the same amount of coin into my
  • 00:06:29
    my pocket after electricity is accounted
  • 00:06:31
    for every single day and that's kind of
  • 00:06:34
    wild uh so the L9 has gone up a lot more
  • 00:06:37
    in price recently this is largely due to
  • 00:06:40
    the Dogecoin pump right who knows what
  • 00:06:41
    the future holds it's not as rock solid
  • 00:06:44
    as say Bitcoin I'm not saying that oh
  • 00:06:46
    doge is the way and Bitcoin sucks it's
  • 00:06:48
    just it's very sobering in a way right
  • 00:06:52
    uh this is all Asic mining these are
  • 00:06:54
    application specific integrated circuit
  • 00:06:55
    miners these are purpose built computers
  • 00:06:58
    custom machines
  • 00:07:00
    these devices mine one mining algorithm
  • 00:07:02
    normally right so my Bitcoin miners mine
  • 00:07:04
    Bitcoin and they have whatever
  • 00:07:06
    efficiency of Watts consumed per
  • 00:07:08
    terahash of mining power right and then
  • 00:07:10
    you look at a doge Miner that mines the
  • 00:07:12
    script mining algorithm and it has its
  • 00:07:14
    own efficiency rating for that uh so I
  • 00:07:17
    just kind of sit here and I wonder what
  • 00:07:19
    do I do where do I go from here uh my
  • 00:07:21
    electricity on my current services are
  • 00:07:23
    basically maxed out I'm exploring if I
  • 00:07:25
    can pull in another service uh I just
  • 00:07:27
    kind of need to figure out what to do do
  • 00:07:30
    I is I'm not just trying to make a move
  • 00:07:32
    to make a move all right uh that's not
  • 00:07:35
    good gameplay necessarily I'm not bored
  • 00:07:38
    I always have stuff to do my to-do list
  • 00:07:39
    is never
  • 00:07:40
    ending but in my opinion we are entering
  • 00:07:46
    uh the bowl run right we are in the bowl
  • 00:07:48
    run really uh and it's kind of like last
  • 00:07:52
    call to maybe expand my mining Farm
  • 00:07:56
    maybe buy gear maybe just have expansion
  • 00:07:59
    ready for any new opportunities that
  • 00:08:01
    come up in this cycle I don't want to
  • 00:08:05
    get fomo and I don't want to be chasing
  • 00:08:07
    the time to build really was over the
  • 00:08:10
    last year when we were making videos
  • 00:08:12
    almost every single day and everyone out
  • 00:08:14
    there winning subscribed and watch those
  • 00:08:17
    videos yeah it's a Shameless plug if you
  • 00:08:20
    don't believe in yourself who the hell
  • 00:08:21
    is going to believe in you but seriously
  • 00:08:23
    I'm I'm spending so much time right now
  • 00:08:25
    evaluating do we expand the crypto
  • 00:08:28
    positions do we expand the stock
  • 00:08:29
    positions do we expand the mining Farm
  • 00:08:32
    do I just completely pivot here and
  • 00:08:35
    start seriously investing time and money
  • 00:08:38
    into solar power should I be pursuing
  • 00:08:41
    solar to power my miners should I just
  • 00:08:44
    look for a power purchase agreement with
  • 00:08:46
    my
  • 00:08:47
    solar uh I don't think that electricity
  • 00:08:49
    is going to get cheaper anytime soon and
  • 00:08:53
    maybe the new Administration will
  • 00:08:55
    explore some Alternatives that the
  • 00:08:57
    previous administration wasn't they kind
  • 00:08:59
    of said that but a lot of politicians
  • 00:09:02
    say a lot of things that never really
  • 00:09:05
    happen uh so I don't know that that's
  • 00:09:09
    kind of where I'm at that's where my
  • 00:09:10
    head's at I'm happy to be mining Bitcoin
  • 00:09:12
    looking forward I I'll keep running
  • 00:09:14
    these Bitcoin miners I'm definitely not
  • 00:09:15
    turning these things off when Bitcoin is
  • 00:09:18
    anything anywhere around $100,000 per
  • 00:09:20
    Bitcoin do I think that my s19
  • 00:09:23
    generation miners will be viable in 2026
  • 00:09:25
    probably not I think that I'll just have
  • 00:09:28
    to phase them out or off set them with
  • 00:09:29
    solar at that point I think s21s and
  • 00:09:32
    Beyond you know current generation
  • 00:09:33
    miners I I we recently reviewed the new
  • 00:09:36
    Avalon Miner um all that stuff uh will
  • 00:09:38
    be good to go I mean it's latest
  • 00:09:40
    generation uh they're continuing to
  • 00:09:42
    still make better and more efficient
  • 00:09:44
    miners there the huge leap and
  • 00:09:46
    efficiency has been a bit surprising it
  • 00:09:48
    shows that these manufacturers are
  • 00:09:50
    always ready to drop a new minor model
  • 00:09:53
    on you which makes it very difficult uh
  • 00:09:55
    to just bankroll a minor for years uh
  • 00:09:58
    it's just just the way the game goes I
  • 00:10:00
    guess uh that's a whole thing we'll
  • 00:10:03
    leave that at that so anyway hey I'm
  • 00:10:05
    bosar and the BOS one YouTube channel
  • 00:10:06
    this is a real life uh just glance into
  • 00:10:10
    what is this really like you know what
  • 00:10:11
    do I earn what is this costing right
  • 00:10:14
    what machines am I running how is this
  • 00:10:17
    all possible is this worth it am I
  • 00:10:20
    expanding am I not why those are
  • 00:10:23
    everything that I've been trying to
  • 00:10:24
    touch on here today uh specifically if
  • 00:10:27
    you're very curious about the models
  • 00:10:28
    I've shown them and talked about them
  • 00:10:30
    before but you can see my miners here on
  • 00:10:33
    my mining pool screen and you'll notice
  • 00:10:36
    that their hash trade is much lower than
  • 00:10:37
    their model number all of my miners are
  • 00:10:39
    on efficient settings right A lot of
  • 00:10:41
    these are like 30 watts per terahash and
  • 00:10:44
    by downclocking them I get them between
  • 00:10:46
    you know 20 and 25 watts per terahash uh
  • 00:10:49
    which significantly increases their
  • 00:10:51
    viability long term and has also allowed
  • 00:10:53
    me to increase my density uh right by
  • 00:10:56
    taking about 1,000 Watts off of each of
  • 00:10:58
    these s9s right I take that off of uh
  • 00:11:01
    two of them and now I can deploy another
  • 00:11:03
    one for about 2,000 Watts obviously
  • 00:11:06
    there's different ways to go about this
  • 00:11:07
    but uh life is just a game and I treat
  • 00:11:10
    it like a strategy game born straight
  • 00:11:12
    out of Warcraft 3 in Starcraft so here
  • 00:11:14
    we are I'm just trying to spawn more
  • 00:11:16
    overlords I'll see you on the next one
  • 00:11:18
    this is our CSO Chief strategy officer
  • 00:11:21
    here on the boscoin YouTube channel yep
  • 00:11:24
    that's cutie tals
  • 00:11:36
    [Music]
  • 00:11:49
    I'm
Tags
  • Bitcoin mining
  • crypto investment
  • profitability
  • electricity costs
  • solar energy
  • mining difficulty
  • Marathon strategy
  • miner technology
  • Bitcoin price
  • ASIC miners