Comment
Author: Admin | 2025-04-28
Insights into the mining operation. For the next update, I’ll continue monitoring revenue, costs, and profit and consider any potential improvements, such as a pool switch to OCEAN, if they prove beneficial. Update 3: November '24 Payouts are steady! My hosting cost decreases in BTC terms when the BTC Price increases. The machine is running super smoothly without hiccups. With the current developments around Bitmain Machines in the USA, my machine likely increased in value. I will change the pool to OCEAN pool from next year onwards. I love the simplicity around the Wilson pool however and the fact that I am only paying 0.38% in Fees. I changed the payout threshold. To make the numbers make sense I included the payout for December. Here are some numbers! Revenue: Since 04th November: 406.303 sats and at the time of payout: $391,48 Cost 204.478 sats and at the time of settlement: $195,92. Above I paid two invoices in November, so the cost for that month is double roughly. Profit Month 201.825 sats and in Dollar terms: 195,56 Profit Total 0.00164561 BTC, or $162.21 Update 4: December '24 Revenue: 808.986 sats and at the time of payout: $763,23 Cost 205.700 sats and at the time of settlement: $196,44. Profit Month 603.300 sats and in Dollar terms: $566,79. Profit Total 0.00361569 BTC, or $337,52 Breakeven of the Miner in BTC Terms: 5% Breakeven of the Miner in USD Terms: 7,53% The plan is to switch to OCEAN Pool after the next payout, so no sats are pending on the Wilson Pool custodial wallet. There were two Outages in December. Upon some investigation, however, it turned out that it was only a period of updates of the Foreman server and I could verify on Wilson pool that the Miner continued to hash. So far Uptime is 100%, which is fantastic. Foreman showing outages, but shares were still sent to the pool Update 5: January '25 Numbers including January 2025 Revenue: 813,319 sats and at the time of payout: $793.09 Cost 191,922 sats and at the time of settlement: $195.90. Profit 621397 sats and in Dollar terms: $597.19. Profit Total 0.00985806 BTC, or $934.72 Breakeven of the Miner in BTC Terms: 13.88% Breakeven of the Miner in USD Terms: 21.87% I waited until the payout from Wilson Pool was completed and have now moved the miner over to OCEAN Pool.
Add Comment