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