nostr:npub1zatdgazsmhj5lj73uw72ez2uug6x9lalwr9etnaausldpe6phy5sfztlz6
I was just watching a guy on YT talking about the returns on mining bitcoin. Without giving personal and specific infoā¦can anyone tell me it his quoted 30% ROI is the norm, or a pipe dream?
I mined in ā12 or ā14, and what I earned never approached paying for electricity or the mining hardware.
āItās complicatedā is the cop-out answer, but itās also true.
Iām currently working for an industrial-scale Bitcoin mining company, and their ROI is closer to 3%. But theyāre at a scale where 3% is still looooots of money. My home mining is -infinity%, but I do it mostly for the learning experience. Iāve seen larger home miners make enough to pay their homesteadās utility costs by getting solar panels and batteries for free and old miners for cheap.
From what Iām seeing the key is the same as any other business: keep costs low. Buying $10k miners and building a $1m facility to house them doesnāt pay. $0 solar panels and $200 miners might.
Thank you for the answer. That was good. I think Iām just going to stick with buy ān hold as I get cash. I have very little room for solar panels, and money is tight to spend on extras right now.
#wife-approved_answer
