What Do YOU Need to MINE ONE BITCOIN In 2023?!
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- Опубликовано: 24 июл 2024
- What do you need to mine one Bitcoin BTC coin in 2023? Let's review Bitcoin mining profitability and what BTC mining rigs you would need to mine an entire coin! Sub to VoskCoin - voskco.in/Sub
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Best Bitcoin mining profitability calculator - voskco.in/BtcCalc
How to mine Bitcoin is a hot topic, especially with the Bitcoin BTC block reward halving coming up which will reduce the Bitcoins mined each day from 900 coins to 450 BTC coins. So what computer mining rig hardware do you need to mine an entire Bitcoin here in 2023? We will review current Bitcoin mining profitability, network difficulty, and the upcoming halving, and illustrate the difference in passive income/mining revenue from someone mining Bitcoin in their house with a residential electric rate, and big Bitcoin mining farms mining BTC with their industrial(cheaper) electric rates!
Links!
What Do YOU Need to MINE ONE BITCOIN In 2020?! • What Do YOU Need to MI...
Bitcoin BTC coin market cap - voskco.in/BTCcmc
Bitcoin BTC to USD calculator - voskco.in/BTCusd
Bitcoin network difficulty chart (2 years) - voskco.in/BTCdiff
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Timestamps!
00:00 What does it take to mine a Bitcoin?
00:44 What do you need to mine a BTC?
01:55 Bitcoin facts you need to know
02:39 What is the Bitcoin halving?
04:22 How much does an ASIC BTC miner make?
05:40 What miner should I use?
06:26 How much profit will I make with one miner?
07:54 How many miners would I need to mine one BTC?
09:11 How much Electricity would I use mining one BTC?
10:35 Where can I buy Bitcoin miner?
11:10 Major mining farms are going bankrupt
11:40 What Price will Bitcoin be in the future?
VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.
#Bitcoin #BTC #Mining #Miner #ASIC #Cryptocurrency #blockchain #VoskCoin #MiningFarm #PassiveIncome 
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*This is a better miner to buy than a Bitcoin miner -* voskco.in/egm
BINANCE IS OWNED BY CHINA GOVERNMENT (CCP GOVERNMENT).
I'm having dinner with one of the Chia developers (an actual employee of the company) on Thursday. I'll talk to him about this.
I am planing on getting this very soon.
How many evergreen models will need to be efficient? Is it really 10 or can you go lower then that with evergreen?
@@nicktruesdell6825 i did ask myself the same thing !
Slow and steady makes it to the top Good job.
I like the idea of using miners as space heaters during the winter. Instead of turning your heater on. Gotta do something about the sound though
Hey bud I need your expertise I had a chance to follow pre corona but I had a chance to see your video here and there and it soo much to start where I left but any quantum leap boot camp class or some thing the video is great btw
Awesome video bud
helpful video! probably best for me to just buy off the exchanges tho. electricity is super expensive here in canada.
i have a question,Is Crypto tab Browser mining is legit or not?can i acheive bitcoin from crypto tab mining?
please Answer
Hi my friend I want to ask you something if you are on a small budget like really small what is the best miner to have to start make at least one dollar a day
If the evergreen miner is defaulted to flexpool and they announced they are shutting down in November. How easy is it change pool location?
Ow that beautiful noise! I would sleep so well next to those.
Thank you for the content! I'm mining BTC on my tangem wallet
How do you mine for something that doesn't exsist??
No you are the single most valuable thing on the world.
insightful. thank you.
cool video
Is mining Litecoin and Dogecoin is better than Bitcoin...after the next halving ?
Good luck bud , free power has to be the way .
Hello my friend!how can i contact with you to give me some advise about building a rig
THANK YOU SO MUCH YOU ARE THE BEST
It does remind me a trucking business where spending much on diesel. Probably do need something to add value, such us youtube video and edvertising.
Why not Water Cool? Get a Refrigerator or Freezer to toss the Cooler or Radiator into ... Or put one Outside?
How many types of coin we cN mine ?
Thank you for pulling this off so smoothly.
Hehe hehe the vosk! You are one talented magician. Now you magiced in some pulp fiction watch every episode I DO
But, sometimes I don't push buttons
Thank you for pulling this off so smoothly
Great Information Sir
Awesome video bro. I'm gonna have to agree with you on the whole cutest done coin there , freaking adorable smile on its face 😂😂😂 no homo
I'm just here to say thank you
What about solar power? To run it
It's complex, nobody seems to know what software you need for the mining process, the value is dropping by half every year, it's insanely expensive to get into. Basically it doesn't sound worth it at all. I wish I had just bought a couple coins when it launched for dirt cheap, but like everyone else I was busy laughing at bitcoin as a concept.
Short sighted
Sounds to me like a you problem.
Value dropping hey? Weren't the $100 each 8 years ago?
You mean sha256?
Bitcoin has out performed every FAANG stock for over the last decade...
I'm with outmost respect and love for
Vosk What PDU and Cables-power lines-plugs do I need for KD3 166 th Miner , does it use 2 110 volt or 2 -220 volt power In's / Thank you it be here Tuesday and I am looking for K7 for under 7k ish if possible , or BTC Miner the 255Th or possibly the 198Th water cooled
2 c13 cables both at 220. The btc miners you mentioned are 480 v. You can't run em endless you have a commercial property plus they still need the entire cooling system (pump, water tower, controller ECT)
You only calculated 6 of them, not 8, so its 6 what we need?
Do you have a machine I can invest in and get daily earning
It’s bad for short term profit but if you’re just looking to collect Bitcoin for future gains it seems perfectly worth it
Hash power.... mmmm buddy, I feel that. So much better than flower power
I'm just getting in the car....it feels like a spaceship...😶
Fan designs also play a role in noise.
i'd have to do solar from the get go. my electricity is $.043/kWh here in socal
Have you looked into replacing these asic fans with quieter ones such as the noctua ones? I think they have some with similar CFM ratings.
BTC miners need insane airflow to keep cool, those only work on low hashing L3+
You can however use grow tent fans with attachments
exactly...
@@chickmagnet6004 air flow does not need to mean loud.
Briefly, someone please explain, what is being "mined" and what makes it valuable?
You're awarded bitcoin for verifying the blockchain transaction being added to the decentralized ledger. What makes bitcoin valuable is that there's always some sucker out there willing to pay cash for it--historically, over $60,000 per coin. Other than that, it has no intrinsic value. The coin may provide some anonymity to transactions, but it's really not good at that either.
For the last 4 years we have been developing a completely mechanical machine using contact free bearings that will produce electricity and cooling at the same time from expanding the naturally occurring 5 quintillion kilos of air that is naturally compressing and expanding, completely invisible to the eye. This is ultimately the best solution for crypto mining.
Will be amazing!!
And now with the crazy Bitcoin fees?
Rates in Connecticut just went up to 40 cents a kilowatt-hour
great to see bitcoin specific content. we will stand the test of time while everything else fades away slowly
good thing it doesn't run on 110V too cause then your electric bill would be higher.
Dont forget to tell people the S19 line of miners was selling for $12,000 to $15,000 each when btc was near its top price range so buy your hardware when coin prices are down an make some money. Dont buy hardware at the peak of a bullrun or youll get pulled over the coals lol.
$30k for $3k profit is still a 10% ROI. Not bad.
The problem is how long until you're not making any profit
@@johnsartain4160 yep exactly
I’d say 10% is horrible considering what one has to do. When anyone can buy and hold bitcoin for two years and make hundreds of percent with no effort.
If you plug into the neighbors power
If you measure value in cuckbucks... btc is the unit of account. Calculate the cost of asic in btc versus daily btc income. Electricity costs are generally fixed where btc has infinite upside. Plus the asic value is also directly correlated to the btc price in cuckbucks so it does have resale value. Just to covered a few points missed
2:08 . . .B I N G O‼️
😂
I can't tell you how great is
I really found interest in mining Btc I'm happy I could reach a number of people who helped.
If you have a long-term outlook then miner efficiency should come first over purchase price. Who wants 10 cheap miners that cost double to run? That’s the part he left out
Great information!
The gravy train ends and then it just draws power, wastes times, and costs money. It's for people who want to get rich quick - but don't get what happens when Bitcoin hits 21 million. Keeping the network up and running after mining will most likely cause shifts in consumer interest = falling prices for Bitcoin.
What do you need? A bunch of BTC miners that is LOL
Here in Southern Kalifornia- our electric costs are about 26 cents / KWh so there is no bitcoin mining!!!
The vosk I have been getting terracoin block rewards while mining a bitty. Wtf. An I close to an actual block reward?! I'm tuning it in, then it's time to party
I hook up my Tesla auto repair shop customers so when they drive they are mining crypto on a 70/30 split in my favor and they get a discount for repairs
1:42 it sounds like money 😅
Around 0.7btc in equipment and access to v cheap power
HAS REALLY HELPED US OUT DURING DIFFICULT TIME IN OUR HOME WE JUST WANTED TO MAKE SURE YOU KNOW HOW MUCH YOU ARE VALUED AND APPRECIATED.
Everytime a thrill, mining.
During the gold rush, who made the money?
The equipment suppliers
You could still get .5 btc before the halving though with that one miner at $0.05. My state has a town that has residential at $0.07.. The are around Clover, SC. It's beside Catawba Nuke plant. The industrial rate is $0.05 now.. it was like 0.03 like 2 years ago.
Do you know if I can get a 120v miner for < $300 USD? I'm interested in something I can plug into my M1 Mac mini and write my own custom mining software to use.
Right now, 30k. Buying is lower risk than mining.
O.5, 0.10 electric wow in the UK £0:35 =$0:43 Do you guys know how lucky you are.
At those rates some used solar panels and a cheap all in one inverter would probably make sense. Is that an option where you live?
@callmebigpapa yes but this time of year only getting 7.5 hours of daylight, so would need a large solar system plus a large battery pack
@@cpeplow8117 agreed. Not financially viable. Very difficult if not impossible to mine in UK
@@1982dsc why is that? Is electricity cheaper in usa??
my sister locking my pc at 8:00🌚
5ct per kw/h 😂 Im paying like 40-50ct here in Germany
similar in the UK
LETSSSSSSSSS GOOOOOOOOOOOO
Cryptotab is slow but it increments over time and it isn't loud or a power drain while being affordable on the ROI.
Try it paying $0.50 per kwh on day time rate in Ireland... 😂
The amount of copium is insane
Too bad I live in an apartment and can’t buy a high power asic. Only mini box miners for me. Hey Vosk, can you make a video on what to buy or mine for people who don’t have access to 240v outlets.
It’s funny watching this when it’s at 37.000 today.
Maybe a dumb question but what's the possibility of using wind or solar power to power the miner?
Best idea
nobody makes money on bitcoin nowadays, given so many mined the hell outta it you get more mining ravencoin now...
I only mine and considering the amount of electricity I use I rely on systems outside of my interface and store with a confident market holder so the coin can never be lost since the wallet is held in a invoiced account, overall the main issue is not spending, as the income is paid in small continuous contributions
No way I would be able to do this becouse of the cost to buy miner
Hey Vosk, I know you have done some videos in the past about taxes, you mind doing one for current. I haven't converted to fiat currency so not sure I need to claim the 'income' yet. How do you do it?
It has not changed. You pay income tax (USA) based on the value of what you mined, when you mined it. I do it based on when it hits your wallet.
@@gotminer7834 that was helpful thanks bro, appreciate the advice.
@@gotminer7834 you pay ordinary income tax when you mine it, NOT capital gains tax. That's only when you sell.
@@EarlCo Correct. My mistake.
@@DPac Sorry for the confusion. I had originally said cap gains tax. As someone else pointed out, It's income tax, not cap gains tax.
If you had bought btc when this vid released, you'd have made almost 2x
I’ve got what everyone needs: electricity, shit tons of it. 600 square meters of solar panels, cost me nothing, came with the farm I bought. BUT WHAT NO ONE WILL TELL ME IS WHAT NEED TO MINE SERIOUS AMOUNTS COINS. anyone want to help out?
And if I just sell the electricity back to the company, I’ll earn around 16000€ per year. So how many machines would I be running to make it worth my time and investment?
Lol 10 cents a kwh? Haven't seen a rate that low in a loooong time. In my area at least. Mine is closer to 20 right now.
That is not 5c is 0.05. Totally wrong.
Great video, well worth a watch, thanks. If you also factor in the interest you could have made by simply investing the $30,000 in a high yield bank account, the true profits are even lower.
But also maybe you would rather have the btc than the $. They aren't necessarily the same thing dispite the current value being equalish
true but then it might be cheaper to just buy them? @@roosterqmoney
Basically, in a nutshell, it is not worth it to get into bitcoin mining today or in the near future for it has been taken over by huge mining farms that are owned and operated by big corporations.
That makes no sense. I don't want to make 3k because they are making 3m?
@@roosterqmoney what are you talking about?
mine in the apartment hallway
You should do a video on how to use Bitcoin as a battery to store electricity. As you know, one of the biggest problems of solar and wind power is that the peak power production occurs in the day but home owners need to use that power at night when most wind and solar sources don't produce power. Power purchase agreements from electrical utilities are useless because what they pay you for power is a very small fraction of what they charge you for power. Here's how you can use Bitcoin as a battery. During the day when your solar produces more power that you need, you hook up miners to your solar so that the miners produce Bitcoin stored for later use. At night, when you need to use electricity, you can cash in the Bitcoin you created to pay for the power you use at night to power your lights and cook your meals. In this case, bitcoin is acting like a battery and storing the excess electricity produced in the day by solar for later use at night by using the Bitcoin to purchase the power. In fact, you can do an easy calculation to figure out how many Antminer S19s an average household needs so that it can store enough electricity in the form of Bitcoin so that the electrical uses at night are paid for by the stored Bitcoin created during the day. Bitcoin is a battery used to store power.
Bro just wrote a article
Interesting
Sounds cool, but sadly it can't be done at larger volumes
or you could, idk, hook your solar panels up to a... battery? and store the excess electricity that way? the efficiency is an order of magnitude better, you're not wasting energy, and batteries are much cheaper than ASICs.
@@CyberSurvivor44 this is a video about mining. Do you realize how much battery storage is required to run just one average miner? Is someone going to spend 30k for a battery system to run one really?
I just saw Google's Super Computer and the World's Most Effective Miner... It said it could instantly compute what it takes Years for Average Super Computers to complete.... Sure Facebook and Twitter has some Nice Bitcoin Miners, which everyone is paying them to Mine...
This is why I always just say buy a btc. It’s easier
The age of household miners ended in ‘17 guys. The opportunity cost is just buying BTC and over performing your try hard miner friend 😂
When is the world going to realize that there’s only so much electricity to be used?
Buy reef coin and be hydrated! ♥️♥️
But ... What if I live on a military base and get free electric?
ROI would be around 4 years. Not worth the investment for me.
What happens to all these machines when all the bitcoins have been mined?
VOSK, thank you for continuing your great content. Hope you are hanging in there, as well. So, I got 2 rig 12 GPU total I have been desperately searching on an easy and best way to mine BTC with our rigs. I know it may be small in nature, but I can mine straight BTC with our rigs and Hodl BTC. It may give me a little something like the S19 jk lol to hodl out for...
in your experience do you think x5 nvidia 3090 would be ok to start home mining with lots of solar panels available ? thanks dude
8000 USD for electricity bill + Internet Cost + Infra rental cost + Setup Cost + AntMiner Hardware Cost = No profit :P ..
5 cents? lol wtf in germany we pay around 40-45 cents
The days of 8 cent electric are long gone for me. I'm up to 17 cents after shopping around these days. The rates after the winter storm in Texas a couple of years ago pretty much doubled and mining doesn't make sense at that rate.