Bitcoin mining generates more than $20 million in new coins and dollars every day. This represents a vast passive income market, with numerous profitable coins available for mining, including Dogecoin, Chia, and Kaspa, among others. However, the real question is, what is the actual return on investment (ROI) for miners? Is becoming a miner truly a profitable endeavor?
Many people wonder why they should mine cryptocurrencies instead of simply buying the coins. Yet, despite this, millions of dollars are still being invested each month in building Bitcoin mining farms, Dogecoin mining farms, Kaspa mining farms, and I am personally allocating a significant portion of my funds to farm Chia, which involves hard drive mining of the XCH crypto.
Let’s crunch the numbers, engage with the mining community, and compare VoskCoin’s mining experience with ROI, breakeven periods on miners, and what can be considered an ideal and realistic return on investment with mining rigs.
⏰ Timestamps ⏰
00:00 Should you mine or buy coins?
01:45 Bitcoin halving incoming
02:47 Minable coin emissions
03:01 How much does it cost to own a miner?
05:27 ROI for ASIC miners
06:41 Mining with Hard Drives
08:27 How much do I earn farming Chia?
09:19 Community feedback on ideal ROI
11:45 Break even price on Bitcoin miners
14:47 How is KASPA mining right now?
17:06 Bitcoin mining stocks
18:16 What is the ideal ROI to me?
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