Published On Apr 28, 2024
There are many ways to calculate when you've ROI'd (a.k.a. broken even) on your miners, be that mining and holding all the coins, selling your mining profits every day, or comparing mining vs buying the coins. But no matter how you look at it, I have now completely broken even on my Bitmain Antminer L7 Dogecoin/Litecoin ASIC miner, in less than a year! And that is during the bear market!
Please note: this description contains affiliate links, which means if you make a purchase through those links, the channel gets a small commission at no extra cost to you. Using these links helps support the channel, thank you!
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None of the content in my videos or elsewhere is direct advice, financial or otherwise. Everything said is for entertainment purposes. You do things at your own risk & are responsible for your own actions. Do your own research.
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00:00 I broke even on my Bitmain L7 - Introduction
01:03 My L7 Dogecoin & Litecoin mining yield
01:46 Total mining revenue if held
02:27 Total mining revenue if selling daily
03:35 Power cost & miner cost
04:24 What is the miner worth today?
05:45 Mine & hold final profit
06:27 Selling daily final profit
07:04 Please join my giveaway
07:30 Is buying better?
08:12 Why mining is better than buying crypto reason 1
09:59 Why mining is better than buying crypto reason 2
11:31 Would buying the coin have been more profitable?
16:21 Should you get a Bitmain L7 now?
#cryptomining #altcoinmining #gpumining #specmining #speculativemining #cpumining #altcoins #bitcoinmining #bitcoin #cryptocurrency #hashrate
