Is Bitcoin mining still worth it??

I’ve been involved in crypto since 2014, and it’s transformed my life—making me a multi-millionaire. Two years ago, I ventured into Bitcoin mining. Since then, I’ve spent about $135,000 on mining machines. And I just added another one to my collection recently (Bitmain S21 XP 270T).

To date, I’ve mined 3.33 Bitcoin, worth about $352,000. My machines generate $5,800 in monthly Bitcoin revenue, and I’m aiming to mine $1,000,000 worth of Bitcoin within the next year or so.

But what exactly is Bitcoin mining, and is it worth your time and investment?

What Is Bitcoin Mining? Bitcoin is a purely digital currency—no physical coins or bills. Mining is the process of creating new Bitcoin. Specialized computers, called ASICs, compete to solve complex mathematical puzzles every 10 minutes. The winner gets newly minted Bitcoin.

Mining isn’t a task for regular computers. My 26 ASICs work around the clock to mine Bitcoin, and here’s how they perform.

How Much Do They Make and Cost to Run? My 26 machines generate $5,823 monthly revenue or 0.06 BTC. However, they cost $3,298 in electricity and hosting fees, leaving me with $2,525 in monthly profit.

I host my machines with Musk Miners, which handles setup, maintenance, and electricity. This saves me the hassle of running them at home, which would involve dealing with noise, heat, and expensive electrical upgrades.

Some people sell BTC each month to pay for their monthly costs. However, I don’t sell any of the Bitcoin I mine. Instead, I pay out of pocket to keep every bit of Bitcoin. I believe this crypto bull run that just started will continue to significantly increase Bitcoin’s value, making this a winning strategy.

In total, I’ve spent $65,000 on hosting and $135,000 on machines, which are now worth about $40,000. Factoring everything in, I’m $192,000 in profit today (if I sold my machines right now)—and that’s before considering Bitcoin’s potential continued price increase… which after this past week is looking very very bullish.

Should You Just Buy Bitcoin Instead? Buying Bitcoin outright is the simplest way to get started. You know exactly how much you’re getting. However, once you’ve bought it, that’s it. With mining, you continuously earn Bitcoin over time, though the amount fluctuates based on Bitcoin’s price, network activity, and other factors.

If I had used the money I spent on machines to buy Bitcoin, I could’ve bought over 4 BTC. So far, I’ve mined 3.33 BTC. However, I believe this bull run could make mining even more lucrative. It’s a calculated gamble.

Why Consider Mining? Here’s my thesis:

1. Bull Run Potential: I believe Bitcoin could hit $150,000 to $250,000 during this bull market. This would dramatically increase mining profitability. Or even higher if the US approves a Bitcoin Strategic Reserve.

2. Transaction Fees: As network activity spikes, transaction fees—which miners earn—could skyrocket, multiplying daily earnings. This could be 2-10X what I am earning today.

3. Equipment Value: Mining machines’ resale value tends to surge during bull runs. I’ve seen machines increase in price by 1,100% to 4,700% in past cycles from their bear market lows.

Mining offers unique advantages like earning Bitcoin without using KYC (Know Your Customer) exchanges, which some may value for privacy reasons.

What If You Want to Mine at Home? Home mining isn’t as simple as plugging in a machine. You’ll need:

• 220-240V power (not standard U.S. outlets).

• Enough amps in your electrical box.

• Solutions for noise (70+ decibels) and heat management.

I prefer hosting my machines with Musk Miners. They charge $0.08/kWh and offer a streamlined setup and maintenance experience.

However, if you join Zzz Money Club as a Legendary member you will get a $230 discount off each machine you buy AND a $0.075/kWh hosting rate amount of a bunch of other great perks. If you don’t want to join, you can still get $100 off each machine with the code YOURFRIEND100

Mining $1M Worth of Bitcoin To hit $1M, I’m banking on Bitcoin’s continued rise this bull run. If Bitcoin reaches $150,000 to $300,000 per coin, I’ll have mined $500,000 to $1,000,000 worth of Bitcoin.

At $150,000 Bitcoin, my miners generate $8,300 monthly. At $500,000 Bitcoin, it’d be $30K/month. And if Bitcoin hits $1M? That’s $60,000/month.

Should You Start Mining? Mining is a gamble with the potential for big rewards. Do you think Bitcoin’s price will surge and make transaction fees and miner prices go up? If yes, mining might be worth considering.

I think the play right now is to buy the latest generation of mining machines like the Bitmain S21 XP 270T, mine on it for the next 6-12 months. Then when you feel Bitcoin is hitting its peak prices, sell those machines for a profit, and then you can keep all the BTC you mined along the way.

That’s what I plan to do!

Andy