Bitcoin mining 100,000$ a year

vinnyMS

vinnyMS

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With 50,000$ dollars to buy 10 mining rigs of 12 GPU each 8gb per GPU you can win 100,000$ a year

Make it a business go to the bank and show calculations in excel file

Ask for 50,000$ and offer to give 60,000$ back to the bank

It is guaranteed that you make 100,000$ a year so for the bank you can explain there's no loss risk
 
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If only it was as easy as it sounds.
 
That is a complete lie. There's other coins that are much more profitable to start with.

The most profitable asic atm is the Bitmain Antminer S19 XP Hydro, if you manage to find one (and not get scammed, because back in 2021 asic market was a nest of chinese scammers) you'll probably spend over 10 grand on it. But that thing eats 5 kW, so 120kW/h per day. Where I'm from, at 14 cents a kwh it'll cost me about 17 bucks per day just for electricity, with todays network hashrate, 257 th/s will net me 19 bucks. So 2 dollars profit per day for an invenstment of 10k plus the costs of installing an electrical grid that can handle more than one would also be pricey.

If you have free electricity, then yes, mining is still quite profitable. Nowhere near what you're saying, but there's money to be made.
 
stiflex said:
That is a complete lie. There's other coins that are much more profitable to start with.

The most profitable asic atm is the Bitmain Antminer S19 XP Hydro, if you manage to find one (and not get scammed, because back in 2021 asic market was a nest of chinese scammers) you'll probably spend over 10 grand on it. But that thing eats 5 kW, so 120kW/h per day. Where I'm from, at 14 cents a kwh it'll cost me about 17 bucks per day just for electricity, with todays network hashrate, 257 th/s will net me 19 bucks. So 2 dollars profit per day for an invenstment of 10k plus the costs of installing an electrical grid that can handle more than one would also be pricey.

If you have free electricity, then yes, mining is still quite profitable. Nowhere near what you're saying, but there's money to be made.
Click to expand...
Antminer S19 XP Hyd. – 255 TH/s
Cost $19,800.00 /0.48084449
Manufacturer: BITMAIN

Condition: NEW

Pre-odrer: SHIPPING JULY 2022

Warranty: 2 years

Makes 76,000$ a year

You buy 2 instead of 10 for 40,000$ then you make 152,000$ a year
 
vinnyMS said:
With 50,000$ dollars to buy 10 mining rigs of 12 GPU each 8gb per GPU you can win 100,000$ a year

Make it a business go to the bank and show calculations in excel file

Ask for 50,000$ and offer to give 60,000$ back to the bank

It is guaranteed that you make 100,000$ a year so for the bank you can explain there's no loss risk
Click to expand...

50,000 + cost of upkeep (electricity), components breaking/frying (happens more than you'd think).

I'm thoroughly amused by the seriousness of "hey, if you spend 50k on something, you can turn it into 100k later :D".
 
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