You Can Still Get Bitcoin for $50K??? 7 – Mining Risks?

Continuing from the last post, let’s talk about mining risks. Let me say this three times for emphasis: Mining is operation, operation, operation — not investment! If you’ve never managed operations, you might think it’s no big deal (which is why so many private equity funds confidently buy real businesses and then crash and burn — like what happened to The Bay, ruined by private equity 😂). But if you’ve ever done operations, you know how huge the difference between success and failure can be! Mining operations involve many aspects, so let’s break them down one by one: Electricity:Electricity is...

You Can Still Get Bitcoin for $50K??? 8) Should I Buy Coins or Mine?

Continuing from the last post, so should you buy Bitcoin directly on the market at retail price, or mine it yourself at cost? Like I mentioned when calculating returns in episode 6, let’s look at a simple example with one mining rig: Assuming each Bitcoin is worth $100,000, and buying one mining rig plus a year’s electricity and other costs uses about 0.127 BTC. The rig mines roughly 0.052 BTC per year. So, if you think purely in terms of coins (BTC-denominated), your expected annual return is around 40%–50%. If you think in fiat term and the Bitcoin price stays...

You Can Still Get Bitcoin for $50K??? 9 – How to Participate? & Video Playlist

Continuing from the last post, I asked if anyone wants to try, how do they start? B says it’s simple — this is an operations business, not an investment. You don’t have to be high-net-worth; anyone can join. Just talk to them, decide what price level of mining rig you want, how many rigs, and then pay cash or with coins (paying with coins even gets you a discount ). The amount can be from a few thousand dollars to tens of thousands to seven-figure sums — it’s flexible. And the whole process is hand-held from start to finish, basically no...

You Can Still Get Bitcoin for $50K??? 10 – Bonus

My rigs have been mining for a few weeks now, and I can see my contribution and how much BTC I’m earning in the pool daily — small but real 😂 But that’s not the main point. The main point is — I hit the “lottery”! And then lost it 🤦🏻‍♀️ Here’s what happened: Remember I said everyone mines in a pool because solo miners almost never find a block? Each block before the next halving is worth about 3+ BTC. Theoretically, a solo miner would need 18+ years to find a block, but no rig lasts that long and...