Is mining only worth it with free electricity now?

I’ve been keeping an eye on this YouTuber for a while, and honestly, I’m kind of confused. Is the Bitcoin era really coming to a close? It seems like mining profits keep dropping year after year. It’s gotten so rough that some folks are going all-in!

Disaster, aaa, even Trump is losing millions. Trump family-linked American Bitcoin posts $59 million Q4 loss as bitcoin price slides The bitcoin mining company now holds over 6,000 BTC, with roughly one-third acquired through mining and two-thirds through open-market purchases and strategic transactions. Link You need to calculate profit from your own mining farms and not watch other people's videos.

Is there a thing like free electricity? I'm asking because in the end maintenance cost is still a thing plus most said forms of free electricity most times can't really generate a bulk load of power and for a big farm you'll need a huge and steady source for power supply. Big lol.. on this. I'll crown it all as the Trump family trying to play victim. They've allegedly amassed alot just this short period in power. The manipulations in the market have increased, bitcoin was liquidated and trump coin too...

Is there a thing like free electricity? I'm asking because in the end maintenance cost is still a thing plus most said forms of free electricity most times can't really generate a bulk load of power and for a big farm you'll need a huge and steady source for power supply. ____________ Free electricity happens for some people, instead of whom someone pays for this electricity, and so that someone gets electricity for free, this, of course, does not happen in a capitalist society.

I believe your question could be answered if you use website such as https://www.asicminervalue.com/ that provide mining calculation and estimate ASIC price from few different seller. Free electricity usually comes with restriction, such as only meant for common household items (lamp, fan, etc.) or limited usage before you must pay.

This miner in the video is trying to make a profit at 9 cents per kilowatt. I would never do that. If you have solar power, you can use it for solo mining, but you need to use the power efficiently to recoup the equipment and investment in solar power.

True "Free power" Is never large scale. My old mine Would produce 2mega watts of solar power in a day So 2000÷24 = 82 kwatts an hour which is about 20-21 s21xps running none stop with no power cost. About 5500 th which would be earning under 3 cents a th so 5500x.03 = under 165 usd a day 21x5000= 105000 dollars for the miners. The mining box was 65000 installed. So 170,000 spent to earn 165 a day This means about 1030 days to pay the miners and the box off. Now the solar is "free" But the labor to make sure all of the above keeps working is not free. The free power at a scale of 20-21 miners as above shows you free is not so free. Now picture that the solar also cost about 800,000 but with incentives and structured loans zero out of pocket. But the warehouse under the solar was working successfully as a warehouse. So to get the 800,000 worth of "free" solar. You needed a viable warehouse/building big enough to put the panels on the roof. And that the warehouse was earning it's keep as a warehouse.

What’s the target ROI duration with this setup in able to cover cost for both solar setup and Bitcoin mining? I’m planning to this before since my country always have a sunny weather which is very good solar while solar materials now price decrease compared before. What challenges do you encounter in terms of maintenance?

the solar is laden with state and federal subsidy’s. essentially even though it cost 800k only 10% down for the loan or 80k. the loan was a low rate in 2021 3.5% the feds gave 25% of 800k back the next year. new jersey gives 10% a year for ten years. the loan is designed to be paid off in ten years with the new jersey subsidies taking care of it. so in ten years the solar is paid off. you only laid 80k out of pocket and get back 200k the next year. it is a combination of complex credits and loans. the miners pay off in 3-4 years. along with the container box. the low cost loan of 3.5% can not be done. the federal usa subsidy is not what it was. the new jersey subsidy still works as of this year. but frankly getting that solar deal reight now in the usa 🇺🇸 will be a lot harder than 2021-2022 when we built it. the panels should last over 20 years which is ten years longer than it will take to retire the loan. all of the above is done with grid tie no batteries. if it were today and I was talking the deal over with the warehouse owner i wouldvery likely not want to do the deal.

With regards to mining profitably, this is the quote I said on the subject and continue repeating over the years... "The most profitable coins I ever mined were the coins I mined when it was unprofitable to do so." I think mining for razor thin profits is a fool's errand.  You're literally better off just buying BTC.  Mining should be done to support the network, earn KYC-free BTC, lottery mining, or a forced DCA...  Pumping up the difficulty to earn a few cents a month is what drives up costs and helps create these boom and bust cycles as people overinvest and then go broke. If you want to be a Bitcoin miner on a pool, the best way to do it has always been to hold all the coins you mine and sell them every 4 years at the top of the cycle.

In my country, loans range from 22 to 40% per annum and some miners even make a profit. But not every bank gives loans, it’s very easy to get rejected. You don't have batteries, you get 82 kWh per hour from solar panels during the day, but where do you get electricity at night? Considering that electricity in the US is more than 10 cents per kilowatt, how profitable is mining at night?

In "your country". Yeah. Here we go again. Borrow apy on justlend is 3.6% for usdt. No idea who i quote now. Anyways you come up with some collateral. Preferably usdt. Goes like you put in 400 dollars to lend 300. Try it for fun. Fees is insane if you don't have energy. It's on tron. And it's not fun after a couple of times.

so the system makes 2000 kwatts in a day. at peak sun you make 400kwatts an hour. you are grid tied. thus burn 82 kwatts and send 318kwatts to the grid on the peak hour. they send it back at night. or as I said produce 2000 kwatts in the day which is 2000/24=82 kwatts an hour. you feed the grid when the sun is strong the grid feeds it back when it is dark. so you average 82 kwatts an hour each day for “free” and as I quote the free 🆓 a lot because even sith the 3.5% rate loan and all the subsidies the 800,000 build while free. you still needed a site.  the site was a warehouse complex that was a working warehouse. so free is very complex. My setup was unusual and would be hard to do today. and we still ended the setup because the earnings lowered to under 3 cents a th.

I understand, but your contract terms are excellent. In Russia, this type of accounting is done by special energy meters, and they count consumption separately from the transfer of excess to the grid. So, what happens next is that the energy company buys the excess from me for 3 cents, and sells me the electricity for 6 cents Justlend requires collateral in another cryptocurrency. Miners typically take out loans for ASICs, and the equipment is held as collateral by the bank.

Did you read the video description with the recent difficulty adjustments, Bitcoin price, and current BTC asic mining rig market along with mini bitcoin wifi miner options it's never been more interesting to solo mine bitcoin He tried to mine solo which is based on luck in my opionion it would never be profitable unless you have lot of luck, free electricity or the fact you have 100 container full of antminer mining solo. The Hashrate are down the difficulty also down but the Bitcoin mining is still profitable tho it depends on a lot of factor including bitcoin price try to see a site like whattomine

You are right, when you have access to free electricity you can make profit more however, you have to also consider maintenance costs, but if you have access to free electricity it is a big plus to you because one thing that consumes money in mining is electricity. I see some set of people saying there’s no free electricity anywhere, that’s not true we have free electricity in some places, I always give an example with my home town we have access to free electricity that can be used for mining. If you have access to free electricity surely you will make profit and maintenance cost can’t stop you from having some profit.

How much profit have you made so far? How many ASICs do you have now? Even if you have a big salary and don't care about mining, why haven't other miners come to you?

Other miners coming to me for what exactly, did I ever write here that I want someone to work with me to min bitcoin so what exactly should a miner come to me for, make your point more clear. And if you are talking about the free electricity we enjoy in my home town and that’s the reason you are asking me how much have I made and even if I’m not interested in mining why hasn’t other miners come to me, then you are really talking out of point because I see no reason why miners should come to me when I didn’t post or talk about collaboration.

If someone writes in a mining thread that they have free electricity, they might be looking for collaboration. You might think you can use your free electricity for mining, but I suspect it will cause a voltage drop or overload your transformer, which isn't designed for this.

Long story short, mining gears are overpriced and that puts everyone at risk, the higher the electricity bill the more risk you are put into, the only people who are guaranteed to make profit are the ones who make and sell the gear, you as an end user you will lose in at least 9 out of 10 mining investments you jump into,  DCA bitcoin purchase and hodl will almost always outperform mining. The only exceptions would be people with access to dirt cheap power AND very cheap used gears, tax benfits, or money laundering.