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Author: Admin | 2025-04-28
A minute. You're going to get a good laugh at this one. Now we're going to go to Coin Wars because I want to show you. That it's not currently profitable for us, but it will be for a lot of you. And this is a great exercise to do, though, just that you're comfortable mining with ASICs. So if we go to Bitcoin, we know that our hash rate is 4000. That's for terahertz or 4000 gigahertz, which we did in the last lecture. Our wattage is 1027. Our pool fee is 1%. The hardware costs 400 bucks. Whoa. Losing a lot of money. Days to break even. Never. You can see up there. Not good, but I want to show you how it works anyway. And so if if the price of Bitcoin goes up a lot, this will be profitable. But the difficulty will go up a little bit as well. So if we go to $0.08, see what happens there for people in India or China still not profitable. Isn't that amazing? Although it was in the previous lecture only because I recorded the previous lecture a little while ago. Okay. So if we change the and the previous lecture, the price of Bitcoin was much higher at over 9000. Okay, now it's 7400. So if we enter that in again 9000 or if we even went to which 8000, we're profitable there maybe 84 bucks per year at a power cost of $0.07. If we change that just for fun to 9200 or so, which is roughly what it was when I recorded the previous lecture, then, hey, we're make 146 bucks per year and it'll take us about three years to break even. Okay. And if you enter in ten cent cost for electricity, you're losing money. This is kind of like just a fun sensitivity analysis for you to do here. $0.08. Now you're making money, which is great. And if the price of Bitcoin goes up an insane amount to say, 20,000, then we're doing really well. And we're going to break even pretty quickly in 150 days. When we see their hundred 50 days, we make 968 bucks per year. However, the difficulty will go up a lot if Bitcoin rises that much to 20,000. So now let's take a look to see I hit refresh there. Okay, so 3 minutes
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