Why Bitcoin Miners Will Never Make Money

Video quality	The size	Download

Information Why Bitcoin Miners Will Never Make Money

Title	:	Why Bitcoin Miners Will Never Make Money
Lasting	:	14.12
Date of publication	:
Views	:	79 rb

Bitcoin itself is a disater
Comment from : Cordless17

Minors will never make money They make me money, and lots of it Minors are not a stock you want to hold for the long termIf you know the market, it’s simple, buy low sell high It’s a no brainer I will make another fortune in 2025 My pick for this Halving is Cleanspark Minors outperform Bitcoin on average 3:1 So basically if Bitcoin goes up 10x, minors will go up 30x Look it up
Comment from : Greg Miranda

Uuuuhhh who is this accountant that depreciates land?
Comment from : Lorenzo Martinez

Despite the economy crisis,this is still a good time to invest in stock and crypto
Comment from : Ayden Bath

I MADE IT THROUGH RAZERWORLDNET I GOT OVER 5BTC
Comment from : Sarah McKenzie

GOD BLESS YOUR TEAM RAZERWORLDNET
Comment from : Sarah McKenzie

NO SCAM ZONE DEALING WITH RAZERWORLDNET
Comment from : Sarah McKenzie

"With the right strategy, it's not difficult to make monthly profits of up to 6 digits as I've made up to $75k per month since last year Even though I have been investing for a while, it is very important for me to get help from a tutor to identify and take advantage of this market opportunity… Thanks to My Instagramer broker bLandra Lilly Macy/b I found in a business magazine where she was featured and reached out to her afterwards She has since provide entry and exit points on the securities I focus on You can look her up page if you care supervision I basically follow her trade pattern and haven’t regretted doing so"
Comment from : Stuekerjuerge

At least we're burning fossil fuels to do make useless "assets"
Comment from : TheMightymolar

Sowhat is the economic benefit to the world of Bitcoin mining? I mean gold has uses, what is actually produced here?
Comment from : Dark Judge

Depeciation and Difficulty Level doubling every 2 years will kill your profits
Comment from : Harry Mamboro

you can absolutely make money mining bitcoinbrbrIf you can steal electricity
Comment from : Amanda Smith

Just sell drugs, I deal with xylazene and benzodiazepines They are very easy to sell
Comment from : Fam P

Bitcoin miners already made money, some a ton of money This channel was fun until i can see how delusional it is
Comment from : Kerwin Co

"Now that we've establisshed what bitcoin miners do, we can get into why they almost always lose money"brbrActually, establishing what they do and why is enough to come to that conclusion, hell its like the kids who spent so much effort trying to cheat on the test that it would've been less of a hassle studying
Comment from : Dhvanit Desai

Chinese car manufacturers should expand into the USA market
Comment from : dylan jimenez

Discuss VINFAST and INEOS grenadier car brands
Comment from : dylan jimenez

Crypto and NFTs: Absurd wastes of time and resources, but really cool to tell your hipster friends about Constantly
Comment from : Claudius McInerney

don't worry your rigs wont be worthless you can take them to a scrap yard
Comment from : harold smith

Too bad there isn't a company that can track where your BTC was transferred to after it was stolen ( in my case, my BTC stolen on 5/23/23 from my TREZOR hardwallet)
Comment from : MatrixUSA

This is a joke, right?brbrYep, satire
Comment from : The Habsburg

This video is full of time waste have no idea about bitcoin and it’s pricebrbrComparing bitcoin with lake and fish 😂brYou can get more fishes from other lake but you can’t get bitcoin from another lake 😂brbrSo you have to stay in one lake regardless of numbers of fishes (bitcoin) left there brbrThat is how price will shoot sky to millions or maybe billions dollar each bitcoin
Comment from : Food N Fun

Btc miners were just making money hand over fist lol you should do alittle more tea for your videos
Comment from : Higher Calling

Great video and most of the information is accurate Even the depreciation part But i disagree on the central thesis, where bitcoin miners will never make money Its nearer to a zero sum game, where each company will have to, with their best foresight, use their experience and knowledge on when to acquire and make their exit on assets In theory, the network, the economies of scale that these companies can acquire capacity, equipment and manage their operations at is their value driver and profit earner, which all can be thrown aside with market volatility, greed or even just poor business decisions And a final point of why they can be profitable is the fact that if they removed the depreciation in miners and instead just operating as a hosting data center, its profit
Comment from : Edwin

What a waste of resources
Comment from : VitsDoxes

When this nonsense finally ends, perhaps GPU market can finally unfuck itself…
Comment from : Imaginary Star Studios

The Bitcoin holders will modify the protocol to produce more coins thus, diluting the value of the current holders Liquidity is a bad thing for Bitcoin value this is why Bitcoin will never be a currency If it was liquid it price would plumit Its the high demand and low supply that keeps the price high
Comment from : Justin Dressler

l
Comment from : Francesco Creta

Who is using bitcoin for daily transactions 🤔
Comment from : mogambo

To be successful in markets, traders should understand the crossover between asset classes & liquidity flow Julia David focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes Her skills set is top notch
Comment from : Tess Bakker

Bitcoin mining seems to fulfill nearly all the conditions of the theoretical economic study model known as "perfect competition" In that model, no company can make a profit because as soon as they do, it attracts increased competition for that profit until the profit is reduced back to zero
Comment from : Tobacc0

2:30 “because theyre backed by the government it’s an incredibly safe place to park your cash” this statement is exactly why taking crypto advice from this channel is a bad idea
Comment from : That Wraith

What about GPU mining?
Comment from : Sikwee Peh

insane
Comment from : lovemypoker

smooth brain regards
Comment from : n teks

Bitcoin is still the best performing asset ever
Comment from : Cosmico

You’re never learn The last time you went after Bitcoin the price jumped significantly
Comment from : Crypto Que

bCrypto looks like people paying a lot of money for their own code hoping other people will pay more for that code, like a ponzi/b
Comment from : Mohammad was illiterate

So you are paid to make this video?
Comment from : gambocco travel & learn

Cryptocurrency started with a promise That promise was never fulfilled Now, the whole exercise has become a waste of energy and computing resources for something with zero importance to the economy Let's use these precious GPUs to train AI models instead
Comment from : Caty

I think these stocks are great for selling puts like Mara or riot have great option chains
Comment from : Tommy Chung

If you know how fractal reserve banking works, you will figure out why the price of hard assets will always rise long-term Learn how currency is made and you will see
Comment from : Niels de Graaf

Let's talk again in a year when BTC at ATH and you are fomoing in again
Comment from : guy

Monster investment scam Serve you all right Miners convert funny money, yours, into dollars for themselves Utter lunacy
Comment from : jasper pike

Having Cr yp to As sets and not being able to make Pr o f its out of them can be very frustrating Big thanks to Elaine Vega I now make huge P rofits by weekly through her services while still learning to stand on my own
Comment from : Dylan s kamar

I own shares in an S19 XP All-in running costs are 75¢/kWh It’s not a bad arrangement
Comment from : Andrew DuBose

Nvda etc made the money
Comment from : The Broke Trader

Wait, so when the final bjtcoin would be given out, who would be left to varkfy their blockchaim when there is no more profit in it?brbrThe entire system is flawed?
Comment from : Leading Auctions

So you are telling us to short all these Bitcoin mining companies, got it
Comment from : Tarras Acid

Historically price of btc was always corellated to the average cost of producing btc, factoring in rigs What you just said is like saying Uber Eats worldwide will never make money because the cars in thier US market depreciate
Comment from : Bart Bieniek

Mining rigs seriously? You even said the name in its long form They are ASICs Mining rig could just be a few graphics cards
Comment from : Spencer

Im curious how miners getting forced out of the market due to halving profit margins will effect the total computational competitionbrbrIn theory theres an equilibrium of cost as a function of competition needed to mine coins And efficiency of scalebrbrCompanies might be betting on lasting lasting long enough for competition to go away and cost come down
Comment from : Easy E

Ohh, I see what you're doing New sponsor right? Time to start selling their merch while simultaneously dissing crypto right?brIf FTX or some other crypto exchange sponsored you, you'd be singing their tune Got it WSM, got it
Comment from : SINERGY

holy snap with the house depreciation calculation you exposed yourself as not knowing a first thing about what you're talking about Real estate has maintenance cost, your calculation is absolutely ridiculous BTW so is the rest
Comment from : another_day_goes_by

So it's so competitive that no one wins?
Comment from : auraguard02

2140?!brbrFFS, the main selling point of Bitcoin might as well not exist!
Comment from : auraguard02

Nice Propaganda!
Comment from : Severed Shisui

You keep saying the rigs will be worthless after they are done with mining but the most expensive part which is the gpu will resell without a problem
Comment from : Ebzs3RDball

Funny enough chinese manufacturera usually mine for a month or so before selling the device to these miners overseas 😂 They are only ones making $$
Comment from : Jeez001

In a nutshell: steer clear of Bitcoin and all other cryptos
Comment from : Ozymandias

It’s almost as if after a decade of hype and a litany of scams, that’s all crypto has shown itself as capable of offering: hype and scams Or is it that the revolution really is just another few years away? For real this time!
Comment from : D F

i can imagine waking up in the matrix, only insted of making power, the feilds were generating 1 bit coin
Comment from : Gary Garside

Great video! Unlike real estate, I wonder if Bitcoin miners are understating their depreciation costs For example, MARA estimates the life of a mining rig at 3 years If they have to replace them after only 2 years, it would represent a 50 increase in depreciation They acknowledge that this is a risk in their quarterly filings:brbr"Depreciation is computed using the straight-line method over the estimated useful lives of the assets The Company’s property and equipment is primarily composed of bitcoin miners which are largely homogeneous and have approximately the same useful lives Accordingly, the Company utilizes the group method of depreciation for its bitcoin miners The Company will update the estimated useful lives of its bitcoin mining server group periodically as information on the operations of the mining equipment indicates changes are required The Company will assess and adjust the estimated useful lives of its mining equipment when there are indicators that the productivity of the mining assets is higher or lower than the assigned estimated useful lives"
Comment from : Andrew Breza

If I recall correctly, wasn't it originally understood that there would only be a given number of coins (21 million) According to this video that number will not be issued untill 2040 brMy question is how will the miners be paid after that date? brDoes anyone really know how many coins have currently been issued?brI personally don't know anyone who as actually bought a good, service, or commodity with a bitcoin, which makes me wonder what practical purpose bitcoin or other crypto currencies actually serve Too much like gambling for me
Comment from : cc rider

Oh dear…so sad to say, as I’m a big fan of your channel, you really havn’t done any research into what you just out put thereMiners generally tend to loose money becase they are constantly up grading their ASICS or computers, they are also relying on the price of Bitcoin to go up more than the cost of the electricity they are using, they also validate transactions for which they receive a small fee, there are other videos online to show why this industry will continue to flourish
Comment from : Meditation & Beyond

What about Ordinals? Miners don’t only get money from mining of BTC but from fees to transact on the network itself
Comment from : Yonko Donny

Bitcoin (and cryptocurrency) is the largest distributed IQ test ever created
Comment from : Erich Swafford

Because it's bagged by the government it's an incredible safe way to park your money 😂
Comment from : Simon Peters

Solve a puzzle, get a wad of Monopoly money How did this ever become a real thing?
Comment from : adam alton

I remember a couple of years ago a colleague of mine telling me he was going to buy a mining computer, that would make 100 return in 5 years, and me trying to explain what you just did I don't know if he listened to me He was planning to get expensive credit to buy the computer I don't think he was very smart, but he thought that he was
Comment from : GerbenWulff

If you want to make money mining goldsell shovels In this case, sell mining rigs
Comment from : Richard Love

You left out alot The reason BlackRock, Fidelity and other giant corps are investing in Bitcoin is because they expect the price to go so high im the future that they will make profit from it Bitcoin could be 1 million dollars by 2030 The biggest investment companies in the world know what they are doing
Comment from : Huckleberry Finn

Back when ETH was 300-400$ I was making something like 2500$ a month just off mining ethereum on my mining rigs I built by simply reading a few guides online I managed to sell all the parts after the crash for about 85 of what I paid, and came out with sick profit from 6 months of non stop mining Its also wild that I didn't sell the ETH until it went to the stratospherebrbrYou can't make money anymore, but back in the day, it was very possible, and this was the intent To help crypto take off, anyone could mine, and push the currency, but difficulty of mining doubles every block cycle, and thus becomes harder to mine as more currency is minted This is better than having a federal reserve that can print money when ever it wants making my hard earned money worthlessbrbrMillennials who only understand economics from a college degree like in this video simply won't understand They are taught to think, they don't know how to think
Comment from : Daniel G

Make money? As in fiat money? We thought Bitcoin is money
Comment from : Tok Roni

The part about houses having a 30 years life isnt true though People are buying houses of 50 years and they are still good to go for another 50
Comment from : sly bob

Interesting scam promotion mid video Vet your sponsors better
Comment from : saab92513584

ummm sweaty you just dont get it logan paul's dink doink coin will obviously save bitcoin
Comment from : Nikko Validor

Bro depreciation is just an accounting thing, it's referred to as a non-cash loss, hence it's added back when determining serviceability I write loans for a living
Comment from : Truck Finance Australia

This video perfectly sums up what sort of scam Bitcoin isbrThis paid promotion should I say
Comment from : Kimi Raikonen

Im making killing mining My method is Simple, as I "make" FREE electricity!brMy secret buy secondhand solar panels and secondhand gpusbrMine when the sun is out than auto shutdown and join a pool, let the experts decide what to mine brbrThe trick, dont beielive the hype dont buy hardware be it solar panels or gpus at silly prices brbrSince i live in large plot of land, space is not an issue
Comment from : Robert Lee

Your depreciation example seems to have mistakenly lumped together the value of the depreciating asset (house) with the non-depreciating asset (land) Your 65 year old house could be uninhabitable and ready to be demolished and actually be a liability but you could still be selling your property for 80 times what your grandpappy paid 65 years ago because the land is worth so much more
Comment from : xcw4934

thinking about bitcoin or crypto in general, it's basically a giant ponzi scheme
Comment from : Nom de Buerre

This what I’m going to do when bitcoin is so low that it gets delisted CNBC again I’m going to buy those Bitmain miners for cheap And the cycle starts again Energy in the US is about 10-15 still very profitable but it’s better to get in when no one wants to mine If you believe in bitcoin you don’t have to worry
Comment from : Shalomjr

Deflationary > inflationary
Comment from : Niels de Graaf

BTC > fiat money
Comment from : Niels de Graaf

Fud
Comment from : Niels de Graaf

Don't they guarantee profit, for the miners since a long time ago? At the beginning it was 1 miner awarded the completion, but later it became the percent submitted, they essentially cooperated instead of competing It doesn't change the profitability issue though
Comment from : ArcBrush

What a waste of energy and other ressources
Comment from : Mesozoic Mammals

It’s said the app is not available in your country
Comment from : FlowIn Binary

Also forgot to mention how fazecoin will take over market share
Comment from : Auntie Stonks

This sounds to me like an enormous waste of electricity and other resources to create what? Imaginary money?
Comment from : Pauline Montagna

Bitcoin mining is a huge waste of energy (literally) and time Even if they got some bitcoins, they'd still need to find people willing to trade those bitcoins
Comment from : DarkBloodbane

btclivepro
Comment from : Wajimakon

bitcoin miners are bad at calculating profits and losses i guess, maybe? they need to introduce a guy that's sound financially to manage this aspect of the business otherwise they are just playing a losing game here, cost, profits, breakeven and all that stuff is the bread and butter of any businesses, you always gotta get that right first
Comment from : GjZ2tNBUve

bbruhrvg我问过gb给我发bagfbtetj fwbwtwjy wgnurk eyey
Comment from : Javier Mac

The real question is if the Bitcoin miners are storing large amounts of the mined bitcoins instead of selling them all because they expect some extreme Bitcoin price like 100000$ in the future brIf that is the case the numbers might be misleading
Comment from : MrRedsjack